Finance of America Companies (FOA) remained unprofitable in the second quarter of 2024 but anticipates a gradual revenue rebound in the third quarter. The reverse mortgage lender reported a GAAP net loss of $5 million ($0.20 per basic share), following a $16 million net loss in the first quarter on a continuing operations basis. Adjusted net loss for the quarter stood at $1 million ($0.05 per share).

Finance of America stays in the red in Q2

Super Micro Computer reported fiscal fourth-quarter earnings that missed analysts' estimates and announced a 10-for-1 stock split. Revenue more than doubled year-over-year and came in slightly ahead of analysts' expectations, but the company's margins fell as costs rose, holding back profits. Super Micro Computer CEO Charles Liang said the company...

Super Micro Computer Misses Earnings Estimates, Announces 10-for-1 Stock Split

Rivian (RIVN) released its second-quarter earnings after the market closed on Tuesday as the EV maker aggressively cuts costs. CEO RJ Scaringe called the quarter a “defining one” as Rivian eyes its first gross profit by the end of the year. Here’s a breakdown of Rivian’s Q2 2024 earnings.

Rivian (RIVN) reports ‘defining’ Q2 2024 earnings with profitability in sight

Cybersecurity firm Fortinet topped quarterly sales and profits, boosted by record operating margins, and its shares skyrocketed. Fortinet maintains a strong position in the Secure Access Service Edge (SASE) market. Jefferies analysts increased their price target on Fortinet stock, citing its margin expansion. Fortinet (FTNT) shares took off Wednesday after...

Fortinet Stock Jumps 25% After Strong Earnings, Leading S&P 500 Gainers

Reuters

(Reuters) -Shares of AI high-flier Super Micro Computer tumbled to a six month low on Wednesday as a faster-than-expected contraction in the server maker's gross margin overshadowed a robust sales forecast.

High-flying Super Micro slides as margin squeeze clouds upbeat sales forecast

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsNinja

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Devra Lee

Disclaimer: This content was written by Devra Lee for general informational and entertainment purposes only. This service is to provide astrological information that has been researched, recorded, and observed by the author.

Horoscope of the Day, Thursday, August 8th

Missouri State

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CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Florida State

Uncovering Florida

With hurricane season posing a consistent threat six months out of the year, who would not like a little help getting their home ready for the harsh weather to come? Senate Bill 7028: My Safe Florida Home Program, approved by Governor DeSantis on April 24, 2024, and effective as of July 1, appropriates a one-time total of $200 million from 2024 to 2025 for the purpose of funding hurricane mitigation grants and inspections, as well as outreach and administration costs, to support homeowners in Florida.

DeSantis Signs New Bill Giving $200 Million To Homeowners

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

For decades, FedEx and UPS essentially functioned as a duopoly in the U.S. parcel delivery market. With few challengers, they made lots of money. The second-quarter earnings release from UPS on July 23 shocked many investors, resulting in the stock dropping 12% within minutes of the earnings call. The big surprise was that UPS customers are downgrading from Air Express to Ground service and from Ground to the lower-priced SurePost, an economy service that involves injecting parcels into the U.S. Postal Service system for final-mile delivery.

FedEx and UPS must adapt to changing parcel landscape

NBC News

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

Starbucks is reeling as customers go elsewhere, sales decline

Delaware State

Over the summer, two prominent FreightTech companies have quietly become entangled in a fight in a Delaware court about the meaning of the seven-figure, multiyear services agreement they signed in 2023 . Arizona-based MyCarrier, which provides transportation management, booking and quoting software for shippers using less-than-truckload services, and Chicago-based project44,...

Why MyCarrier and project44 are fighting in court

Denver, CO

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Illinois State

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

The Motley Fool

The crowd selling this stock en masse is looking past a trio of important bullish details.

Yes, I'd Buy Amazon Stock on This Post-Earnings Dip. Here's Why

A bankruptcy judge will soon decide the outcome of more than $7 billion in liability claims from multiemployer pension plans (MEPPs) against bankrupt Yellow Corp. Discrepancies around the interpretation of Congress’ directives and intentions in a 2021 pension fund bailout package were at the center of a Tuesday hearing in a Delaware courtroom.

Delaware judge to determine fate of pensions’ $7B in claims against Yellow

Under Armour beat Wall Street's quarterly estimates on the top and bottom lines. The company adjusted its full-year profit guidance after settling a securities lawsuit from 2017 for $434 million. Sales fell in North America, online and across apparel, footwear and accessories. Still, the company beat Wall Street's expectations on...

Under Armour sales fall after retailer cuts discounts, promotions in bid to be more premium

NewsBreak

First look: RXO’s Q2 revenue declined, but gross margin improved

Here are some highlights of RXO’s second-quarter earnings report, released Wednesday:. RXO’s revenue in the second quarter dropped to $930 million from $963 million a year...

First look: RXO’s Q2 revenue declined, but gross margin improved

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