It Just Keeps Happening Over And Over Again...

StubHub Shares Plunge As Weak Outlook Fuels Fears World Cup Pulled Spending Forward StubHub shares plunged 20% in premarket trading as uncertainty surrounding its second-half outlook fueled concerns that World Cup demand temporarily pulled forward discretionary spending on entertainment and events. ..back near four month lows... StubHub's second-quarter results were mixed. Revenue climbed 33% to $573.1 million, beating the $513.3 million Bloomberg consensus estimate, while adjusted EBITDA of $105.7 million also topped expectations. Earnings per share were flat, missing the 9-cent consensus estimate. 2Q26 Earnings Snapshot: Adjusted EBITDA: $105.7 million; estimate: $101.7 million EPS: $0;...

Comcast Shares Jump Most Since 2008 On Plans To Separate Units Comcast shares jumped the most in nearly two decades on news that it plans to split NBCUniversal and Sky into a separate publicly traded company through a tax-free spin-off. The transaction, expected to close in about one year, would leave Comcast shareholders owning stakes in both. Comcast would remain centered around broadband, wireless, business services, and entertainment platforms, backed by a network that reaches more than 65 million homes and businesses. NBCUniversal, which will also include Sky, will house Universal’s film...

Lutnick Draws Red Line: "Great American Companies" Shouldn't Use Chinese Memory Chips One week after The Wall Street Journal reported that Tim Cook's Apple was testing memory chips from China's CXMT, a company blacklisted by the Pentagon over alleged ties to the People's Liberation Army, the outlet published a follow-up story with an interview with Commerce Secretary Howard Lutnick, who publicly urged Apple not to proceed. The standoff comes as the AI data-center buildout absorbs global memory supplies, driving prices sharply higher and forcing consumer-electronics manufacturers to explore alternative...