Firefly Aerospace rings the opening bell at the Nasdaq on Aug. 7th, 2025.The NasdaqFirefly Aerospace jumped more than 50% in its Nasdaq debut on Thursday after pricing shares above its expected range.Shares started trading at $70 each under the ticker symbol FLY. The initial price values the company at close to $10 billion. The shares ticked lower after the open.Space technology has gained momentum in recent years as companies such as Elon Musk’s SpaceX amass more funding and government contracts. Firefly is the third space company to go public this year after Voyager Technology and Karman Holdings.The rocket and lunar lander maker priced shares late Wednesday…
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Here are some of the stocks posting the biggest moves in midday trading. Source link
Eli Lilly delivered strong second-quarter results on Thursday, but shares are plummeting because of disappointing data for a key late-stage trial. It’s forcing us to ask ourselves difficult questions about this once-loved stock. Revenue in the three months ended June 30 jumped 38% year over year to $15.56 billion, beating Wall Street expectations of $14.71 billion, according to LSEG. Adjusted earnings per share (EPS) surged 61% year over year to $6.31, ahead of the $5.46 consensus, LSEG data showed. Shares of Lilly tumbled more than 14% in afternoon trading to around $640 apiece. While we’re glad we booked profits in…
US President Donald Trump speaks in the Oval Office of the White House in Washington, DC, US, on Wednesday, Aug. 6, 2025. Bonnie Cash | Bloomberg | Getty ImagesPresident Donald Trump’s overall and economic approval ratings remain in negative territory despite a slight improvement in the latest CNBC All-America Economic Survey.More troubling for the president, however, could be that the survey shows positive approval of only one of seven key issues, with the public holding negative views on his handling of tariffs, inflation, taxes and federal spending.There also was a modest rise in the public’s preference for the Democrats to…
OpenAI CEO Sam Altman, pictured, speaks with SoftBank Group CEO Masayoshi Son at an event in Tokyo on Feb. 3, 2025.Tomohiro Ohsumi | Getty Images News | Getty ImagesOpenAI on Thursday announced GPT-5, its latest and most advanced large-scale artificial intelligence model.The company is making GTP-5 available to everyone, including its free users. OpenAI said the model is smarter, faster and “a lot more useful,” particularly across domains like writing, coding and health care.”I tried going back to GPT-4, and it was quite miserable,” OpenAI CEO Sam Altman said in a briefing with reporters.Since launching its AI chatbot ChatGPT in…
President of the Swiss Confederation, Karin Keller-Sutter (R) and Swiss Economy Minister Guy Parmelin depart at the Department of State after a meeting with US Secretary of State Marco Rubio, in Washington, DC on August 6, 2025. Drew Angerer | Afp | Getty ImagesSwitzerland will continue talks with the United States, its president said on Thursday, after President Donald Trump placed crippling import tariffs on Swiss goods, which threaten to inflict serious damage on its export-focused economy. The 39% import levy – among the highest of any applied under Trump’s global trade reset – took effect at midnight Washington time…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — We have a lot of consumer discretionary stocks on our Best Stocks in the Market list these days — from eBay and Flutter Entertainment to Carvana and Royal Caribbean . But we don’t have a lot of retailers. Today, we’re taking a look at one of the best technical set-ups on the list and a company that has fundamentally outperformed its competitors across every important metric. TJX owns and operates the T.J. Maxx brand as well…
Since Donald Trump was reelected as president, Washington, D.C., has made many moves to become friendlier with the world of cryptocurrency. From new laws to executive orders, the Trump administration and Congress are moving quickly to make the U.S. a leader in digital assets innovation. Another example arrived on Thursday when Trump said he would sign an EO that mandates the inclusion of crypto in retirement plans.Is it a good thing? Some advisors, led most notably by Ric Edelman, say that investors should hold as much as 40% of their portfolio in digital assets (primarily replacing bonds). That’s a big…
Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024.Noah Berger | Getty ImagesAmazon Web Services has agreed to provide U.S. federal agencies with up to $1 billion in discounts for cloud adoption, modernization and training through 2028, an agency overseeing government procurement announced Thursday.The agreement is expected to speed up migration to the cloud, as well as adoption of artificial intelligence tools, the General Services Administration said.”AWS’s partnership with GSA demonstrates a shared public-private commitment to enhancing America’s AI leadership,” the agency said in a release.Amazon’s cloud boss…
Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty ImagesPeloton posted a surprise profit for its fiscal fourth quarter on Thursday and outlined its strategy to return to growth under new CEO Peter Stern. Shares gained 6% in early trading. The connected fitness company, known for its stationary bikes and treadmills, posted a net income of $21.6 million, compared with a loss of $30.5 million in the year-earlier period. That’s thanks to better than expected sales but also, Peloton’s efforts to cut its operating expenses, which Stern said…
