Lineage raises $4.4 billion in Nasdaq debut via IPO

Cold storage warehouse operator Lineage (LINE) debuted on the Nasdaq via an IPO (initial public offering), raising $4.4 billion to mark biggest listing seen year-to-date in 2024. The real estate investment trust (REIT) began trading at $82 per share, above its original pricing of $78. Josh Lipton and Julie Hyman discuss Lineage's market debut and speculate whether it could rally enthusiasm back into the IPO market. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.

'Never going to be the same': How Nvidia is trying to revolutionize healthcare

Nvidia, a pioneer in the semiconductor and artificial intelligence space, is increasingly looking to leverage those skills toward transforming healthcare.

Honeywell stock falls after slashing earnings guidance

Shares of Honeywell (HON) are falling despite posting better-than-expected second quarter results. The company raised its full-year sales sales outlook, but cut its profit guidance. Market Domination Hosts Julie Hyman and Josh Lipton report more on the earnings and how it may be affected by the destocking cycle. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl

Southwest Airlines' open seating is a thing of the past

Southwest Airlines (LUV) has announced it will no longer have an open seating model, forcing customers to have assigned seating for them unless they pay a premium seating option. The company will also offer premium extended leg room, and, with the introduction of overnight and redeye flights, have 24-hour operation capabilities. Wealth! Anchor Madison Mills breaks down the latest update from Southwest and what it means for customers. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

Southwest ditches open seating, Delta recovers from outages

Airlines are under pressure after weak second quarter earnings disappointed investors. Boyd Group International President Mike Boyd and Bloomberg Intelligence senior aerospace, defense, and airlines industry analyst George Ferguson join Morning Brief to discuss the outlook for Southwest Airlines (LUV) and Delta Air Lines (DAL) as they navigate recent headwinds and challenges. Southwest announced it will be phasing out its open seating policy and replacing it with assigned and premium seating instead. Ferguson believes that the move caters to premium demand, explaining that it is a way to "pull in premium passengers, people willing to pay more for where they sit in the cabin or having a blocked middle seat." He adds that the decision shows that "Southwest is sort of making the evolution to one of those big three carriers that has more premium offerings by slicing and dicing the cabin, charging people more to sit together, to get preferential windows or aisle seats, and to have a premium product. And it's their way to try to stem this revenue slide and look better than the ULCCs [ultra low-cost carriers]." Meanwhile, Delta is still dealing with the fallout from the CrowdStrike (CRWD) outage that canceled and delayed thousands of flights worldwide last week. Some estimates show that the airline could take a profit hit of as much as $500 million, as it continues to cancel flights. Boyd calls the outage hitting Delta "a real surprise because they're probably one of the most advanced out there in terms of tracking every single metric." He adds that Delta Air Lines CEO Ed Bastian "isn't going to let this happen again." The US Department of Transportation has since opened up an investigation into Delta's delays in connection to the worldwide IT disruptions. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl

Alphabet’s earnings set the stage for tech’s AI question

Google announced its second quarter earnings after the bell on Tuesday, but the company still isn't sharing much in terms of when it expects to see major growth from its enormous AI spending.

Bing previews its answer to Google's AI Overviews

Microsoft this afternoon previewed its answer to Google's AI-powered search experiences: Bing generative search. Available for only a "small percentage" of users at the moment, Bing generative search, underpinned by a combo of large and small generative AI models (mum's the word on which models exactly), aggregates info from around the web and generates a summary in response to search queries. For example, if a user searches "What is a spaghetti western?" Bing generative search will show informa

Dow Jones Futures: Nvidia Fights AI Fatigue, ServiceNow Spikes; Inflation Data Due

Small caps jumped as the Nasdaq and Nvidia fight AI fatigue. ServiceNow broke out. The Fed's key inflation gauge is due.

L3Harris raises 2024 outlook amid global tensions

L3Harris raised its outlook for 2024 after beating Wall Street estimates for second-quarter profit on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global security concerns. The defense firm raised its 2024 adjusted profit forecast to be between $12.85 and $13.15 per share, up from its previous range of $12.70 to $13.05. Analysts were expecting $12.97 per share, according to LSEG.

Skechers, Deckers, Norfolk Southern, L3Harris Technologies: After-hours movers

It's earnings season, meaning lots of companies are seeing some moves in after-hours trading.  Skechers (SKX) reported mixed second quarter results. Adjusted earnings of $0.97 per share topped the estimate of $0.95. Net sales, however, fell short, $2.16 billion compared to the expectation of $2.23 billion. The company also raised its full-year guidance and announced a $1 billion share repurchase plan. Deckers Outdoors (DECK) popped in after-hours trading. The footwear company reported Q1 results that topped estimates, with net sales of $825.3 million coming in better than the $807.8 million Wall Street was expecting. Deckers also raised its full-year profit forecast. Norfolk Southern (NSC) rose after its second quarter adjusted earnings per share of $3.06 beat the Street estimate of $2.87. L3Harris Technologies (LHX) posted a better-than-expected profit in Q2, while revenue of $5.30 billion matched expectations. The defense company also raised its full-year guidance. For more expert insight and the latest market action, click here to watch this full episode of Asking For A Trend. This post was written by Stephanie Mikulich.

Norfolk Southern beats second-quarter profit estimates on higher pricing

AST SpaceMobile to Provide Quarterly Business Update on August 14, 2024

MIDLAND, Texas, July 25, 2024--AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, today announced it will hold a quarterly business update conference call on Wednesday, August 14th at 5:00pm (Eastern Time).

Royal Caribbean Cruises (RCL) Q2 2024 Earnings Call Transcript

RCL earnings call for the period ending June 30, 2024.

Deckers Outdoor raises FY profit target on strong Hoka, UGG demand

Deckers Outdoor raised its annual profit forecast after beating first-quarter estimates on Thursday, betting on strong demand for the footwear and apparel firm's Hoka sneakers and UGG boots. WHY IS IT IMPORTANT? Brands such as On Holding and Deckers are gaining popularity as their new and innovative products are attracting more younger customers at a time when sportswear giants such as Nike are taking a hit.

OpenAI Is Launching Search Engine, Taking Direct Aim at Google

Built with input from publishers, the search engine will summarize real-time information found on websites, including news sites.

These Cybersecurity Stocks Could Gain From Fallout After CrowdStrike Outage, Analysts Say

After a defective CrowdStrike update caused a global tech outage, analysts said these cybersecurity rivals could be poised to benefit.

Dexcom Stock Collapses 33% After Sales Miss Leads To $25 Million Guidance Cut

Dexcom stock plummeted late Thursday after the diabetes devices maker reported light June-quarter sales and slashed its outlook.

DNIB.com Reports Internet Has 362.4 Million Domain Name Registrations at the End of the Second Quarter of 2024

RESTON, Va., July 25, 2024--VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today announced that, according to the latest Domain Name Industry Brief Quarterly Report from DNIB.com, the second quarter of 2024 closed with 362.4 million domain name registrations across all top-level domains (TLDs), unchanged compared to the first quarter of 2024. Domain name registrations increased by 5.8 million, or 1.6%, year over year.

S&P 500 Gains and Losses Today: Edwards Lifesciences Sinks on Outlook for Key Product

The S&P 500 slipped 0.5% on Thursday, July 25, as tech stocks faltered for a second straight day even as data showed an uptick in GDP growth.

Why Lululemon Stock Fell to Its Lowest Level Since 2020 on Thursday

The Stock Was the Biggest Decliner on the Nasdaq Composite