KGWV · U.S. MARKET INTELLIGENCE
Nintendo's first-quarter revenue and net profit both exceeded market expectations, even as Switch 2 hardware sales fell sharply. For the quarter ended June 30, Nintendo reported revenue of 517.8 billion yen, or about $3.28 billion, compared with the 444.96 bil…
Alphabet's bond spreads widened early Thursday after the company launched marketing for a high-grade bond offering of up to $25 billion. According to Trace data, as of 10:28 a.m. ET, premiums on the bonds had widened 6 to 12 basis points from Wednesday's closi…
President Trump has spoken by phone from time to time with Federal Reserve Chair Kevin Warsh since Warsh took office, according to people familiar with the matter, Bloomberg reported. Trump asks Warsh about his forecasts and views but has not asked him to take…
Honeywell Aerospace opened down 26%, marking its biggest intraday decline since the spinoff.
UWM Holdings Corp. (UWMC), the largest mortgage lender in the United States, plunged as much as 49.45% intraday, marking its biggest intraday decline since its U.S. IPO. The company had previously announced that it would suspend dividend payments.
Tesla said it and SpaceX need more chips and that Terafab will be built in Grimes County, Texas. Terafab is targeting annual production of more than 1 terawatt of computing capacity. Texas Gov. Abbott announced that SpaceX is expanding in Grimes County. The fi…
Storage-chip stocks extended their decline, with SK Hynix down more than 5% and SanDisk down more than 8% in U.S. premarket trading. A report said Warsh would be prepared to raise interest rates in September if inflation data over the next several weeks prove…
Diageo's brands include Johnnie Walker Scotch whisky, Captain Morgan rum and Guinness stout. The company said costs associated with the savings plan will reach $1.2 billion. Diageo reported that organic net sales for the fiscal year ended June 30 fell 2% year…
Alphabet, Google's parent company, has launched a 10-part dollar-denominated investment-grade bond offering.
Alphabet, Google’s parent company, launched a U.S. dollar investment-grade bond offering on Aug. 6, according to CLS. The source describes the offering as 10-year debt in one version, but a duplicated version refers to it as a 10-part offering. The discrepancy…