Market News
Breaking market news and updates
Reuters: SK Hynix's Solidigm Held Bank 'Bake-Off' for Possible 2027 US IPO Valuing NAND Unit at Up to $150 Billion
Reuters reports SK Hynix's Solidigm held bank pitch meetings for a possible 2027 US IPO that sources say could value the NAND unit at up to $150 billion, with deal size still unsettled.
Evonik Confirms Non-Binding BASF Takeover Approach; Shares Close 7.2% Higher With No Talks Under Way
Evonik confirmed a non-binding approach from BASF for a voluntary offer for all its shares, with no talks currently taking place. Evonik closed 7.2% higher; BASF fell 3.6%.
Tesla Semi Hits High-Volume Production as Sparks Factory Opening Set for Sept. 24; TSLA Fell 5.9% After Cybercab Event
Tesla confirmed the first Semi off a high-volume line at Gigafactory Nevada and will open its Sparks, Nevada, Semi plant Sept. 24, per Stocktwits and Yellow.com. TSLA closed down 5.92% at $354.08 on Sept. 4 after its Austin Cybercab event, per AOL and Yahoo Finance.
DICK'S Sporting Goods Cuts FY2026 Profit Outlook as Foot Locker Drag and Promotions Offset 4.9% Core Comp Growth
DICK'S Sporting Goods posted 4.9% comparable sales growth in its core business but cut FY2026 profit guidance as Foot Locker margin pressure and a promotional footwear market weighed on results.
IonQ Posts Record $80.1 Million Q2 2026 Revenue, Raises Full-Year Guidance to $280-$290 Million
IonQ reported record Q2 2026 revenue of $80.1 million, up 287% year-on-year, and raised full-year 2026 revenue guidance to $280-$290 million while posting a $1.87 billion GAAP net loss.
Microsoft Merges Coding and Agents Into One Copilot App, Shifts to Usage-Based Pricing
Microsoft has unified Copilot's coding and agent tools into a single app and will bill Cowork, Code and Autopilot on usage alongside its $30 seat license, per CNBC, Microsoft release notes and Partner Center.
Akamai Discloses $11.6 Billion Anthropic Cloud Deal, Share Warrant, and New Lenovo, Jabil Supply Agreements
Akamai disclosed an $11.6 billion Anthropic cloud arrangement, a warrant convertible into up to 7,741,020 common shares via Series B preferred stock, and new Lenovo and Jabil supply agreements, according to an SEC filing reproduced by Stock Titan.
Costco Beats Fiscal Q4 2026 Estimates on Revenue, EPS and Comparable Sales, Aided by Tariff Refunds
Costco's fiscal Q4 2026 revenue, earnings and comparable sales topped estimates, with tariff refunds adding 15 cents a share, MarketWatch and Seeking Alpha reported.
30-Year Treasury Yield Tops 5.5%, Highest Since 2004, as Traders Price In More Fed Hikes
The 30-year Treasury yield hit 5.501% Thursday, its highest since 2004, as the 10-year reached 5.223% and traders raised bets on another October Fed rate hike, per CNBC and Seeking Alpha reporting.
Stock Market Today: Communication Services Leads While S&P 500 Finishes Flat
Communication Services led the session while the S&P 500 finishes flat. See the validated market scorecard, sector performance, and what traders are watching next.
Starbucks to Close About 250 North American Cafes, Expects $300 Million Restructuring Charge
Starbucks will close about 250 underperforming North American cafes and expects roughly $300 million in restructuring charges, while cutting its fiscal 2026 store-growth outlook, CNBC and other outlets reported Thursday.
SoftBank Raises Record $11.1 Billion in High-Yield Bonds to Fund Final OpenAI Payment
SoftBank issued $11.1 billion in dollar- and euro-denominated senior notes to fund the final $10 billion tranche of its $30 billion OpenAI investment, in what LSEG data show is the largest high-yield corporate bond sale on record.
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