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Vincent Retort, vice president of global reliability and quality at Lumentum Holdings, sold 12,566 shares worth $10.7 million on August 19-20, primarily to satisfy tax withholding obligations from restricted stock vesting.
Nvidia prepares to report fiscal second-quarter earnings after market close Wednesday, with analysts expecting 97% revenue growth to $92.1 billion amid questions about future guidance and market expectations.
T. Rowe Price agreed to acquire F/m Investments, a fixed income manager overseeing $19bn in assets as of late July, in a deal expected to close in early 2027.
Sweetgreen cut its full-year outlook due to consumer fears surrounding a cyclospora outbreak, projecting same-store sales declines of 7% to 8% versus prior guidance of 2% to 4%, sending shares down over 15%.
Berkshire Hathaway’s operating earnings rose 16% in the second quarter as CEO Greg Abel began deploying the company’s record cash reserves through buybacks and stock purchases.
Alibaba slashed share buybacks 80% year-over-year while capital expenditures for AI infrastructure surged 75%, as management prioritizes artificial intelligence development over shareholder returns.
