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StubHub Shares Plunge As Weak Outlook Fuels Fears World Cup Pulled Spending Forward
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;...
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US Launches Third Round Of Strikes On Iran After IRGC Closes Hormuz, Attacks Containership
US Launches Third Round Of Strikes On Iran After IRGC Closes Hormuz, Attacks Containership
Update 8:40pm ET.
At 7:15pm ET, the US launched its third round of strikes on Iran this week after Tehran declared that it’s closing the Strait of Hormuz “until further notice", and Iranian forces attacked a Cyprus-flagged container ship, the M/V GFS Galaxy, transiting the Strait of Hormuz.
US Central Command said that President Donald Trump ordered the fresh strikes, which targeted Iran’s ability to attack commercial vessels, after the latest Iranian attack on the Hormuz-crossing vessel. Central Command said...
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Jul 17, 2026 / credittrader
UMich Sentiment Extends Bounce From Record 46-Year-Lows As Gas Prices Ease
UMich Sentiment Extends Bounce From Record 46-Year-Lows As Gas Prices Ease
Having rebounded from record (46 year) lows in June, University of Michigan's preliminary July Sentiment survey was expected to show further improvement as gas prices fell since the US-Iran 'peace' MoU signing (before rising modestly in the last few days of the reignited conflict).
And indeed it did, headline Consumer Sentiment jumped from 49.5 to 54.4 (51.0 exp) - its highest since February...
"With the second straight month of 10% jumps," said UMich Dirctor of Surveys, Joanne Hsu, pointing out that "consumer...
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