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Skyworks and Qorvo Shares Jump as Outlets Offer Competing Explanations for the Move
Skyworks and Qorvo shares jumped in Tuesday midday trading, but outlets differ on why: Seeking Alpha cited merger progress, CNBC pointed to an AI sell-off rebound, and Yahoo Finance said no company announcement accounted for the move.
Meta Launches Meta One Subscription Tiers Starting at $2.99 a Month Across Instagram, Facebook and WhatsApp
Meta has launched Meta One, a tiered subscription starting at $2.99 a month across Instagram, Facebook, WhatsApp and Meta AI, adding AI features while core app functions stay free, per WTAQ and Yahoo Finance.
Forgent Power Solutions Reports 94% Fourth-Quarter Revenue Growth, Record $3.0 Billion Backlog, Guides Fiscal 2027 Revenue to $2.4–$2.6 Billion
Forgent Power Solutions reported 94% fourth-quarter revenue growth, a record $3.0 billion backlog and initial fiscal 2027 revenue guidance of $2.4-$2.6 billion, alongside a $35 million Tijuana capacity expansion.
Dave & Buster's Swings to $12.5 Million Second-Quarter Loss as Comparable Sales Fall 2.9%
Dave & Buster's reported a $12.5 million second-quarter net loss and a 2.9% comparable sales decline, with entertainment revenue falling and food and beverage revenue rising, even as adjusted free cash flow improved.
Analog Devices to Acquire Alif Semiconductor in Deal Worth Up to $1.55 Billion
Analog Devices has agreed to acquire privately held Alif Semiconductor for $1.35 billion upfront, plus up to $200 million in contingent payments, expanding ADI's edge-AI microcontroller portfolio.
Kimberly-Clark Readies EU Concessions to Clear Path for $40 Billion Kenvue Deal, Sources Say
Kimberly-Clark is preparing concessions, including possible asset sales, to address EU antitrust concerns over its $40 billion Kenvue acquisition, according to people familiar with the matter, as the European Commission prepares to formally raise its objections.
10-Year Treasury Yield Tops 5%, Highest Since 2007, as Traders Price Near-Certain Fed Rate Hike
The 10-year Treasury yield hit 5.025% early Tuesday, its highest since 2007, as CNBC-cited CME FedWatch data showed over 92% odds of a Fed rate hike.
China's August Data Diverge: Retail Sales Stumble, Investment Slump Deepens as Industrial Output Beats Forecasts
China's August retail sales rose 0.4%, missing forecasts, while January-August fixed-asset investment fell 7.2% amid a deepening property slump. Industrial output beat expectations at 5.2%.
Barrick and Newmont End Nevada Gold Mines Dispute With $1.95bn Payment to Barrick
Barrick and Newmont have settled their Nevada Gold Mines disputes, contributing Fourmile, Fiberline and Mike into the joint venture as Newmont pays Barrick US$1.95 billion and consents to Barrick's planned North American listing.
Bank of America CEO Warns Q3 Investment Banking Fees Could Fall More Than 10%, Trading Revenue Seen Flat
Bank of America CEO Brian Moynihan guided third-quarter investment banking fees down more than 10% year-over-year while projecting roughly flat trading revenue; shares fell about 5%, according to CNBC and Seeking Alpha.
Stock Market Today: Communication Services Leads While S&P 500 Slips
Communication Services led the session while the S&P 500 slips. See the validated market scorecard, sector performance, and what traders are watching next.
Revised Clarity Act Adds Trump-Backed Ethics Curbs and Stablecoin 'Circuit Breaker' Ahead of Tuesday Senate Vote
Senate Republicans' revised Clarity Act adds Trump-backed ethics limits and a stablecoin deposit-flight circuit breaker ahead of Tuesday's procedural vote, with banks and Democrats still objecting.
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