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Morgan Stanley Direct Lending Fund maintained its quarterly dividend at $0.45 per share despite declines in net investment income and net asset value during the quarter ended June 30.
Best Buy reported better-than-expected quarterly results and raised full-year guidance, but shares fell about 7% despite the positive earnings beat and comparable sales growth of 4.1%.
Taiwan Semiconductor Manufacturing Co. reported record August revenue of $16.35 billion, up 53.3% year-over-year, driven by strong artificial intelligence chip demand.
Macy’s reported 2.7% comparable sales growth in its fiscal second quarter and raised full-year guidance, with its Bloomingdale’s division posting particularly strong results as its turnaround strategy gains traction.
Existing home sales fell to their slowest pace since June 2025, with supply reaching its highest level in over a decade, yet median prices continued climbing to new August records.
Copart announced plans to acquire digital auto marketplace ACV in an all-cash deal, seeking to offset declining core insurance volumes through digital diversification and international expansion.
