Market News Today — AI-Curated Stock & Crypto Headlines

Gap (GAP) shares rose after appointing a retail veteran to lead Old Navy and beating profit estimates, despite sales declines and lowered guidance.

Marzetti (MZTI) reported record gross profit and operating income in Q1, but faced headwinds from a foodborne outbreak.

Starlink was the only profitable segment for SpaceX last quarter, generating $1.7 billion in earnings, while the AI unit incurred $15.8 billion in capital spending and the other two segments combined lost $1.8 billion.

Shoprite Holdings Ltd.

Ark Invest acquired $37 million worth of shares in Block Inc (formerly Square) following the company's second-quarter results, which included an upward revision to its full-year profit forecast to $12.5 billion.

China's top brokerages, including Citic Securities, reported significant growth in overseas revenue, with Citic's international revenue rising 45.5% YoY to 15.86 billion yuan ($2.4 billion) in H1 2024.

Some industries do well in September, despite overall market weakness.

Nvidia Corp. (NASDAQ:NVDA) just posted another record quarter, with revenue up 106% to $96.2 billion and profit more than doubling …

Shenzhen Longsys Electronics, a Chinese semiconductor company, is seeking up to HK$6.28 billion, or about $800 million, from a Hong …

The next stock catalyst is the one-two punch of rising analyst profit estimates and fewer estimate cuts.

Huawei reported a 36% acceleration in its first-half profit decline, driven by rising costs and increased R&D spending.

Huawei's high R&D investment may strengthen innovation but risks long-term profitability, impacting its competitive edge in the tech industry. The …