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06/08/2026
Faraday Future: It will set a minimum conversion price of $5 for existing convertible bonds and plans to reduce the $230 million in liabilities as of the end of the first quarter to below $100 million within four quarters.
Latest
3 m ago
Brazil has lowered its benchmark interest rate by 25 basis points to 14.00%.
5 m ago
FIFA: The FIFA Secretary General and members of the FIFA Management Committee reiterated their full support for FIFA President Gianni Infantino.
9 m ago
Panama Canal Authority: Starting from August 26, the maximum allowable draft depth for vessels passing through the new Panama locks is 14.63 meters.
10 m ago
AWS, a subsidiary of Amazon, has formed a partnership with Anthropic and OpenAI. The three parties will collaborate on the AWS Continuum workflow.
20 m ago
SanDisk (SNDK.O) reported strong Q4 results for the 2026 fiscal year, with both revenue and profit exceeding market consensus. Revenue surged 372% year-on-year and grew 51% quarter-on-quarter. Options expiring in the week of August 7 showed that the $1,370 strike price held the highest open interest in both call and put options, and the intense options trading following the earnings report may partly explain the soft stock price performance. The revenue outlook for the next quarter ($10.3 billion - $10.8 billion) falling short of expectations may also be one reason for the after-hours decline in stock price. SanDisk's management stated, The revenue beat was driven by our shift towards a higher-value customer mix (data center business grew 437%) and rising prices. SanDisk's stock briefly fell 8% in after-hours trading.
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