Strategy is set to report its second-quarter earnings on July 30, with investors focused on the significant accounting impact of its vast Bitcoin holdings rather than the performance of its core software business.
Shares of the Japanese video game publisher declined as investors focused on an unchanged full-year forecast, which overshadowed a 67% jump in quarterly operating profit.
Gold prices retreated from a one-week high after an initial rally spurred by the Federal Reserve holding interest rates steady was curtailed by hawkish remarks from Chair Kevin Warsh, which steadied the U.S. dollar.
U.S. stock futures rose in overnight trading, led by a nearly 9% surge in Microsoft after its strong quarterly results and lowered spending forecast eased investor concerns. The move follows a sharp decline on Wall Street driven by tech losses and Federal Reserve uncertainty.
Samsung Electronics reported a record 89.4 trillion won in second-quarter operating profit, a 19-fold year-over-year increase, as surging demand for its AI chips offset weaker performance in its mobile division.
Samsung Electronics reported a second-quarter net profit of 71.27 trillion won, exceeding forecasts as intense demand for its advanced memory chips from the AI sector offset weakness in consumer electronics.
The U.S. Space Force has awarded Elon Musk's SpaceX $1.6 billion in contracts for 18 Falcon 9 missions through 2027 to deploy Pentagon satellites for a missile defense shield.
The Japanese lens manufacturer has established a special committee to review the unsolicited proposal from Sony, which follows a media report valuing the potential deal at around $1.3 billion.
Womenswear brand Reformation Inc. has priced its initial public offering at $15.00 per share, raising approximately $211 million ahead of its debut on the New York Stock Exchange. The company will begin trading on July 30 under the ticker symbol 'REF'.
