Rocket Revenue Surges on Mortgage Market Share Gains
Rocket Companies reported higher second-quarter revenue as its market share in both purchase mortgages and refinancings rose.
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Nielsen to Buy DoubleVerify
Nielsen Holdings agreed to buy DoubleVerify in a deal with an enterprise value of about $2.15 billion.
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FDA Approves Replimune's Melanoma Drug on Third Attempt
The agency had turned down two earlier applications over clinical data-quality concerns.
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Airbnb Boosts Forecast on Strong Demand Across Regions
The short-term rental company said it now expects revenue to increase by at least a mid-teens rate this year, up from its prior projection for growth in the low- to mid-teens.
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Apollo to Buy European Budget Airline easyJet for $7.7 Billion
The deal for the British airline caps a weekslong bidding war with American private equity and aircraft leasing group Castlelake.
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DraftKings Second-Quarter Revenue Falls, Hurt by Promotions
The online sports betting company posted a loss of $67.6 million for the second quarter, compared with a profit of $157.9 million a year earlier.
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Sweetgreen Lowers Full-Year Outlook Due to Cyclosporiasis Outbreak as Loss Widens
The company now expects same-store sales to drop between 7% and 8% due to lower demand from the multistate cyclosporiasis outbreak..
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Instacart Shares Rise on Higher Revenue, Strong Outlook
The company reported revenue increased to $1.04 billion from $914 million. Wall Street expected $1.03 billion.
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Consolidated Edison Reports Higher Profit, Revenue
The New York-based utility company posted a second-quarter profit of $308 million, up from $246 million a year earlier.
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Amazon to Offer GLP-1 Weight-Loss Drugs to Medicare Part D Patients
Novo Nordisk's Wegovy and Eli Lilly's Zepbound and Foundayo will be available at a cost of $50 a month.
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SpaceX, Tesla to Build Chip Plant in Texas to Meet Compute Demand
The newly public rocket company is doubling down on its operations in Grimes County, Texas, where it is also headquartered, in an effort to produce the chips it needs for its spacecraft.
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Crypto Trader Wintermute Steps Onto Regulated Wall Street With Broker License
One of many digital currency firms pushing into traditional finance services, Wintermute aims to take on Jane Street, Citadel and other big market makers.
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Warner Bros. CEO Confident Paramount Deal Will Close
Streaming revenue improves as HBO Max expands its subscriber and advertising base.
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ConocoPhillips Names New CEO as Profit Boosted by Climbing Oil Prices
ConocoPhillips recorded higher profit in the second quarter, driven by a 36% jump in average oil and gas prices, as it promoted its finance chief, Andy O'Brien, to become its new chief executive.
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Papa John's Believes In Its Turnaround, Even Though It's Taking Longer Than Expected
Papa John's cut its outlook for the year and suspended its dividend, as the pizza chain's North American business continues to face a soft consumer environment.
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Peloton Interactive Forecasts Revenue Decline as Subscriber Losses Deepen
Peloton Interactive issued a muted revenue outlook for fiscal 2027 as subscriber losses continue to deepen, overshadowing fourth-quarter profit gains and virtually flat revenue.
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