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Roblox narrows Q2 loss to $0.26 a share, beating consensus estimates
Edgen Stock·Jul 30 2026, 23:29Share to
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[1] Roblox (RBLX) Reports Q2 Loss, Misses Revenue Estimates (https://www.zacks.com/stock/news/2965156/robl ...)[2] OpenAI’s ChatGPT, Roblox enter EU’s strictest digital platform category (https://www.msn.com/en-us/technology/general/ ...)[3] RBLX Stock Price Prediction (https://247wallst.com/companies/RBLX/price-pr ...)[4] Kiplinger's earnings calendar and analysis for this week (https://www.msn.com/en-us/money/markets/weekl ...)[5] Historic Upset: Voters More Likely to Vote GOP in Midterms, Ditch Dems as 2026 Polling Begins to Take Shape (https://www.msn.com/en-us/news/politics/histo ...)
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Jul 31 2026, 00:37
Bessent backs Japan's yen intervention as USD/JPY crashes 500 pips
Japan intervened to prop up the yen Thursday for the first time in three months, sending USD/JPY crashing as much as 500 pips to below 158, after US Treasury Secretary Scott Bessent called the currency "very undervalued." "The timing was faster than expected as I saw a good chance of intervention after the BOJ's policy meeting," said Toru Suehiro, chief economist at Daiwa Securities. The dollar slid to a more than two-month low against the yen, with the pair touching 157.99 intraday before settling near 160.20 — a 3.3% decline that marked the dollar's biggest single-day drop since 2022. The euro lost more than 400 pips against the yen, falling 2.54% to around 182.60. The move came after the Federal Reserve held rates at 3.50% to 3.75% on a 9-3 vote and second-quarter GDP missed estimates at 1.5% versus 1.8% consensus, giving Tokyo a tailwind for its intervention. The operation carries greater weight than Japan's record 11.7 trillion yen ($73 billion) intervention in April and May, which bought only three months of yen strength before the currency slid to a 40-year low below 163 per dollar earlier this month. With Bessent's explicit backing and US authorities conducting rate checks — a precursor to potential American intervention — the coordination signals a shift in Washington's tolerance for yen weakness that could reshape the carry trade's risk calculus. **Why Washington's Backing Matters** Bessent's comments, relayed by a Fox Business Network reporter, marked the first time a US Treasury secretary has publicly endorsed a Japanese intervention while in office. "The yen seems very undervalued to me," he said. The Nikkei newspaper reported that US authorities also conducted rate checks with multiple banks — a step the New York Fed typically executes at the Treasury's direction, and one that markets read as a signal of potential US readiness to act in coordination. The political cover is significant because Japan's previous intervention in April, while large in size, failed to reverse the yen's trajectory. The currency weakened another 2% from the 160.72 level where that operation struck, eventually breaching 163.99 — a level not seen since the mid-1980s. The 260-basis-point rate differential between the Fed's 3.625% midpoint and the Bank of Japan's 1% policy rate has made each intervention a temporary speed bump rather than a trend reversal. "Intervening into an already-softening dollar is a materially better trade than fighting a strengthening one," said Geoffrey Yu, senior strategist at BNY Mellon. "The official flow becomes additive to a move the market was making anyway." **The BoJ Decision Looms** The intervention landed less than 24 hours before the Bank of Japan's policy decision on Friday, where the board is widely expected to keep rates at 1% but may upgrade its fiscal 2026 growth forecast to about 0.8% from 0.5%. Governor Kazuo Ueda's post-meeting press conference at 3:30 p.m. Tokyo time will be the key event, as markets parse his language for any shift in the rate-hike timeline. Ueda faces a delicate balance. Prime Minister Sanae Takaichi's administration has been wary of further tightening, while the yen's persistent weakness — down 8.4% against the dollar over 12 months — has pushed up import costs in a country that imports nearly all its energy. Japan's core consumer prices rose just 1.6% in June, below the 2% target and the 1.7% consensus, giving the central bank cover to hold steady. The structural forces weighing on the yen extend beyond central bank policy. Japanese investors sold $29.6 billion of US debt in the first quarter alone as domestic yields rose, and life insurers' foreign holdings now sit at roughly 40% of their peak. That repatriation flow is mechanically yen-positive but has been overwhelmed by the carry trade's daily accrual. The question now is whether Thursday's intervention marks a genuine escalation or another temporary reprieve. The answer depends on whether Tokyo defends the 163 level on any bounce — and whether the Bank of Japan's communication tomorrow gives the Ministry of Finance institutional backup or leaves it acting alone. This article is for informational purposes only and does not constitute investment advice.
Jul 31 2026, 00:25
Black Rock Coffee faces securities lawsuit with Aug. 17 lead plaintiff deadline
Black Rock Coffee Bar Inc. investors face an Aug. 17 lead plaintiff deadline in a securities class action over its September 2025 initial public offering. "Black Rock Coffee overstated the manner in which its expansion strategy was tailored to avoid 'sales transfer' from existing locations," the Rosen Law Firm said in the complaint. The lawsuit alleges the company and senior executives made materially false statements in the IPO registration statement and throughout the subsequent months. The class period covers Sept. 12, 2025, through May 12, 2026. Investors who purchased Class A common stock in the IPO or traded shares during that window are eligible to seek lead plaintiff status. Three law firms — Rosen Law Firm, Bernstein Liebhard, and Hagens Berman — have announced investigations or filed claims on behalf of shareholders. According to the lawsuit, Black Rock Coffee's new store openings were leading to cannibalization of existing revenue, a phenomenon the company failed to disclose. The IPO raised proceeds in September 2025, and the stock traded at artificially inflated prices before the truth emerged, the complaint alleges. The Rosen Law Firm has recovered billions of dollars for investors and was ranked No. 1 by ISS Securities Class Action Services for settlements in 2017. Bernstein Liebhard has recovered more than $3.5 billion for clients since 1993. The lead plaintiff deadline gives investors who suffered losses the opportunity to direct the litigation. Shareholders who wish to serve must file papers by Aug. 17. Those who take no action may remain absent class members and still share in any potential recovery. The lawsuit puts Black Rock Coffee's expansion strategy under legal scrutiny as the company navigates its first year as a publicly traded entity. Investors will watch for any settlement or court ruling that could affect the company's financial position and growth plans. This article is for informational purposes only and does not constitute investment advice.
Jul 31 2026, 00:18
Rackspace faces securities class action after 34% stock drop on AI pivot
A securities class action has been filed against Rackspace Technology Inc. on behalf of investors who bought shares between May 7 and July 8, alleging the company misled the market about the financial impact of its pivot to enterprise artificial intelligence. "The company failed to disclose that its enterprise AI efforts would require Rackspace to significantly re-prioritize its capacity and capital away from the profitable Private Cloud segment," the complaint filed in the U.S. District Court for the Southern District of New York alleges. Rackspace's stock fell $2.21, or 33.6%, to close at $4.37 on July 9 after the company cut its full-year 2026 revenue guidance by $150 million. The hybrid cloud provider said the reduction reflected "a transition away from certain low-margin engagements that will be redeployed to its enterprise AI business." The new revenue midpoint stands at $2.5 billion, down from $2.65 billion, with earnings before interest, taxes, depreciation and amortization guidance cut to $290 million from $310 million. The lawsuit centers on statements made May 7, when Rackspace announced a memorandum of understanding with Advanced Micro Devices Inc. to build an "Enterprise AI Cloud" for regulated industries. Chief Executive Officer Gajen Kandiah said the partnership gave the company "confidence in the full year Private Cloud growth profile," while reaffirming public cloud revenue guidance of $1.575 billion to $1.625 billion. The complaint alleges those statements lacked a reasonable basis because the company was already planning to reallocate resources away from Private Cloud and facing declining Public Cloud revenue as customers contracted directly with hyperscale platforms. Multiple law firms — including Robbins LLP, Kirby McInerney LLP and the Law Offices of Frank R. Cruz — have filed similar complaints. Investors have until Sept. 28 to seek appointment as lead plaintiff. The lawsuit seeks to represent investors who purchased Rackspace securities during the Class Period. The company has not yet responded to the allegations. Rackspace shares traded at $4.37 as of the July 9 close, down 67% from their 52-week high. The outcome of the litigation could determine whether shareholders recover losses from the $150 million guidance cut and subsequent selloff. This article is for informational purposes only and does not constitute investment advice.