The company appointed Robert Calderoni to its board, formed a Strategy Committee, and entered a cooperation agreement with Elliott Investment to strengthen business strategy.
James Wynn, the pseudonymous crypto trader known for his aggressive leveraged bets, has resumed high-risk trading just weeks after self-reporting losses in the hundreds of millions.
Trump reportedly discussed the idea on Tuesday night after the House Republicans blocked a procedural vote that would have advanced cryptocurrency legislation.
Senator Warren said the reversal of the earlier ban is “true to form” for the Trump administration, citing Nvidia CEO Jensen Huang’s dinner at Mar-a-Lago in April that reportedly cost $1 million per head.
ETF investors can ride or hedge against banking sector volatility through financial sector funds like XLF and KBE, which hold top banks like JPM and BofA.
A number of stocks fell in the morning session after a cautious outlook from semiconductor equipment giant ASML sparked a broad sell-off across the sector, hitting chipmakers and equipment suppliers alike.
Shares of voice AI recognition company SoundHound (NASDAQ:SOUN) jumped 4.9% in the pre market session after the company announced a collaboration with Peter Piper Pizza to roll out conversational voice AI for phone orders. The new system, which is now live across all Peter Piper Pizza locations in Arizona and Albuquerque, NM, will allow customers to place orders by speaking naturally over the phone. The voice AI agent is designed to handle multiple calls at once, which can improve efficiency and ensure no call is missed, even during peak hours. This allows restaurant staff to focus more on food preparation and in-person customer service. The news provided a positive catalyst for the stock, seemingly outweighing a recent downgrade from Piper Sandler, which had cited concerns about the company's outlook for the second half of 2025.
Shares of game engine maker Unity (NYSE:U)
jumped 12.4% in the morning session after Jefferies analyst Brent Thill raised his price target on the company to a Street-high of $35. The new price target represents a nearly 18% upside from the stock's previous close and a 20.69% increase from Jefferies' prior target of $29. The firm maintained its "Buy" rating, citing improving sentiment around Unity's ad-targeting model, Vector. Thill noted that positive mentions for Vector increased in the second quarter and that its Return on Ad Spend (ROAS) for clients improved to a 10%-20% lift, up from 5%-7% in the prior quarter. Driven by the expected improvements, Jefferies raised its revenue forecasts for Unity for 2025 and 2026. The analyst also highlighted that usage for the new Unity 6 engine is growing, indicating stability in the company's Create segment.
Shares of global advertising conglomerate Interpublic Group (NYSE:IPG) jumped 3.3% in the morning session after its pending acquisition by advertising rival Omnicom Group received a positive update. On its second-quarter earnings call, Omnicom's management confirmed that the acquisition of Interpublic Group (IPG) had received antitrust approval in the United States, a major step forward for the deal. In total, 13 of the 18 necessary jurisdictions have now approved the transaction, which is expected to be finalized in the second half of 2025. This mega-merger is set to combine two of the world's largest advertising and marketing services companies, creating a new industry leader. The update reduces uncertainty surrounding the deal's closure, a positive development for IPG shareholders.
Shares of pool products retailer Leslie’s (NASDAQ:LESL) jumped 3.5% in the pre-market session after the company announced the appointment of a seasoned retail executive, Amy College, as its new Chief Merchandising and Supply Chain Officer.
A number of stocks fell in the morning session after a cautious outlook from semiconductor equipment giant ASML sparked a broad sell-off across the sector, hitting chipmakers and equipment suppliers alike.
Shares of semiconductor equipment maker Lam Research (NASDAQ:LRCX)
fell 3.2% in the morning session after fellow semiconductor equipment giant ASML Holding (ASML) warned it could no longer confirm growth in 2026.
Shares of technology real estate company Opendoor (NASDAQ:OPEN)
jumped 29.5% in the morning session after the stock continued its upward momentum from the previous day's session, which was sparked by news of activist investor interest.
Shares of solar power systems company SolarEdge (NASDAQ:SEDG)
fell 7.8% in the morning session after analysts at JPMorgan downgraded the stock. The investment bank lowered its rating on the solar technology company to "Neutral" from a previous "Overweight" rating. JPMorgan cited the stock's significant outperformance since May as the primary reason for the downgrade, with shares having rallied substantially more than the average for stocks in its coverage universe. While the bank acknowledged encouraging initial progress from SolarEdge's new management team on efficiency and product rationalization, it noted that it is still early in the process. Despite the downgrade, JPMorgan did raise its price target on the stock to $23 from $18, reflecting higher future estimates and an increased valuation multiple.
Shares of casino, tavern, and slot machine operator Golden Entertainment (NASDAQ:GDEN)
fell 7.7% in the morning session after Truist Securities downgraded the company's stock.
Shares of cannabis company Tilray Brands (NASDAQ:TLRY)
jumped 3.5% in the morning session on continued momentum that saw the stock rise significantly in July.
Shares of insurance and annuity provider Brighthouse Financial (NASDAQ:BHF) jumped 9.5% in the morning session after reports surfaced that the company is in exclusive talks to be acquired by investment firm Aquarian Holdings.
Shares of semiconductor machinery manufacturer Applied Materials (NASDAQ:AMAT)
fell 3.8% in the morning session after a warning from European peer ASML (ASML) about potential growth uncertainty in 2026 due to U.S. tariff policies.
The Fed Governor also stated that while easier banking rules help drive risk-taking during economic booms, they also exacerbate weaknesses, and a subsequent downturn makes the situation more painful.
