Morning Bid: Retail risk
U.S. retail sales declined for the first time in nine months, prompting investors to reassess Federal Reserve rate expectations ahead of earnings reports from major retailers.
SoftBank gets $8.2 billion boost from Intel as OpenAI takes a backseat
SoftBank reported first-quarter profit of $2.2 billion, exceeding expectations, driven primarily by an $8.2 billion gain on its Intel stake as its Vision Funds saw limited gains from OpenAI.
Rheinmetall stock volatile after trimming guidance as Germany’s F126 warship cancellation hits sales outlook
Rheinmetall trimmed its 2026 full-year sales guidance to 13.7-14.2 billion euros, citing Germany’s cancellation of its F126 warship program, though first-half sales and profits grew substantially.
Grindr’s AI spend is paying off and its pricey new tier has had some surprises, CEO says
Grindr reported second-quarter revenue of $138 million, up 33% year-over-year, as its AI strategy drives both consumer features and engineering efficiency gains.
Sweetgreen cuts full-year outlook as cyclospora fears weigh on sales
Sweetgreen cut its full-year outlook due to cyclospora outbreak fears affecting fresh produce demand, with shares falling over 15% in extended trading despite no direct implication in the outbreak.
Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett’s massive cash hoard
Berkshire Hathaway’s operating earnings rose 16% in the second quarter, with CEO Greg Abel beginning to deploy the company’s record cash hoard through increased buybacks and equity purchases.