Amazon stock soars 9% on ‘booming’ cloud growth, revenue beat
Amazon’s stock surged over 9% after the company reported better-than-expected revenue and cloud growth, with AWS expanding 37% year over year during the second quarter.
Retailer Reformation closes flat in NYSE debut as CEO says company is ‘ready to scale’
Women’s clothing retailer Reformation began trading on the New York Stock Exchange on Thursday after pricing its IPO at $15, with shares closing essentially flat on their first day of trading.
Jersey Mike’s stock falls 6% in public market debut after pricing shares at $23
Jersey Mike’s stock fell 6% on its NYSE debut after pricing shares at $23, raising approximately $1 billion and valuing the company at $7.3 billion.
Rivian reduces 2026 spending plans, narrows earnings guidance
Rivian narrowed its 2026 loss guidance and reduced capital spending plans while reporting improved second-quarter results and reaffirming vehicle delivery targets.
The U.S. Army Just Called China’s Bluff in the Rare Earth War
REalloys secured a U.S. Army contract to build rare earth processing facilities on a military base and closed $130 million in funding, positioning itself to meet a January 2027 defense procurement deadline.
Ionic Digital Reaches $2.75B Valuation After Nasdaq Debut
Ionic Digital, formed from Celsius Network’s bankruptcy restructuring, surged over 25% in its Nasdaq debut, reaching a $2.75 billion valuation as it pivots toward AI infrastructure operations.