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SK Hynix just posted the most profitable quarter in its history, and the numbers are staggering. The South Korean memory chipmaker reported second-quarter 2026 operating profit of 60.54 trillion won — a 557% surge year over year — on revenues of 79.32 trillion won, up 257% from the same period in 2025. The operating margin hit an extraordinary 76%. The engine behind it: insat...


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SoFi Technologies (NASDAQ: SOFI) delivered what looked like a blockbuster second quarter on Wednesday — record revenue, record loan originations, record member growth — and the market sold it off 10% anyway. The culprit wasn’t what management said; it was what they didn’t say. While SoFi raised its full-year 2026 adjusted net revenue guidance to $4.75–$4.85 billion (up from $...


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The Federal Reserve held its benchmark interest rate unchanged at 3.5%–3.75% on Wednesday, marking the fifth consecutive meeting without a move. But this wasn’t a quiet hold. Three Fed officials — Beth Hammack of the Cleveland Fed, Neel Kashkari of Minneapolis, and Lorie Logan of Dallas — broke ranks and voted for an immediate 25-basis-point rate hike. That 9-3 split is the m...


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The biotech M&A machine is running hot. argenx SE (NASDAQ: ARGX) announced a definitive all-cash agreement to acquire clinical-stage biotech Forte Biosciences (NASDAQ: FBRX) at $77 per share — a deal that values the company at over $2.2 billion. The offer represents a 40% premium to Forte’s pre-announcement closing price, and an even more striking 86% premium to the stock...


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Lucid Group (NASDAQ: LCID) made one of the sharpest single-day moves in the EV sector this week, surging 21.54% to close at $7.90 per share after a major vote of confidence from a high-profile Middle Eastern investor. Saudi Prince Alwaleed Bin Talal disclosed a fresh 5% stake in the company, acquiring 19.5 million shares valued at approximately $154 million based on Tuesday’s...


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