Smith & Wesson reports Q1 FY27 2027 net sales up 32%
Smith & Wesson reported Q1 FY27 net sales up 32%, adjusted EBITDA up 86% and EPS of $0.06 versus a loss last year, while it kept FY27 revenue growth guidance at 5% to 7%.
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US Consumer Credit
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His Kids Are Already Fighting Over His $2.3 Million Retirement Nest Egg — He Just Wants To Enjoy Retirement
A 67-year-old man retired this year with roughly $2.3 million spread across a 401(k), a Roth IRA and a taxable brokerage account. His three adult children have started arguing among themselves—and with him—about whether he should travel more, help fund his grandchildren’s college education or hold onto the money in cas
VersaBank reports record Q3 growth, assets top $7 billion
VersaBank said Q3 2026 brought record credit assets, revenue and net interest income, with net income up 53% year over year and total assets topping $7 billion for the first time.
VersaBank says Q3 saw record credit assets, revenue and net interest income
VersaBank reported record Q3 credit assets, revenue and net interest income, with net income up 53% year over year and adjusted net income up 27%, driven mainly by its U.S. Structured Receivable Program.
Barrick Gold announces $1 special dividend after quarterly results
Barrick Gold said fourth-quarter revenue nearly doubled to $5 billion, gross profit rose 35%, and it announced a $1 per-share special dividend alongside its regular dividend.
Qfin second-quarter profit plunges 77% as revenue falls 32%
Qfin said second-quarter net revenue fell 32% year on year to 3.57 billion yuan, while net profit plunged 77% to 401 million yuan amid weaker loan origination and tighter funding conditions.
Sportsman's Warehouse Q2 net sales rise 6% to $295.6 million
Sportsman's Warehouse reported Q2 2026 net sales of $295.6 million, up 6%, with same-store sales flat. Hunting and shooting sports sales rose nearly 7% as the company cut inventory by more than $44 million year over year.
US stocks fall as Treasury yields and oil surge
U.S. equities fell for a second straight session as Treasury yields climbed for a fifth day and crude oil extended gains, with markets increasingly pricing a Federal Reserve rate hike this month.
Zepp Health says Q1 2026 revenue rose 33.8% to $51.5 million
Zepp Health reported first-quarter 2026 revenue of $51.5 million, up 33.8% year over year, and said gross margin rose to 37.7%. The company also guided second-quarter revenue to $63 million-$68 million.
Qifu Technology Q2 net revenue falls to $3.57 billion
Qifu Technology reported Q2 net revenue of $3.57 billion, down from $3.91 billion in Q1 and $5.22 billion a year earlier, and said non-GAAP net profit fell to $455 million.
Affirm says fourth quarter was its most profitable ever
Affirm said fiscal fourth quarter was its most profitable ever and announced promotions for Michael Linford and another veteran executive.
Lifevantage Q4 revenue falls 23.1% to $42.4 million
Lifevantage reported fourth-quarter 2026 net revenue of $42.4 million, down 23.1%, as reduced orders and lower average order sizes hurt results, with MINDBODY also weighing on sales.
US national debt tops $40 trillion, Treasury data show
Treasury figures show U.S. total public debt outstanding crossed $40 trillion, reaching over $40.09 trillion by Aug. 25, 2026, according to the report.
Euro stocks seen higher on Nvidia AI optimism; futures up 0.3%
European equity markets were set to open higher as Nvidia’s strong sales outlook lifted sentiment for AI and broader technology. Traders stayed cautious after stronger-than-expected US inflation reinforced a potential Fed hike before year-end.
Abercrombie says reduced promotions lifted average unit retail
On its second-quarter earnings call, Abercrombie & Fitch said average unit retail came in stronger than expected as promotional activity eased, while management said customers kept buying and inventory discipline helped results.
Intuit falls after management flags slower customer growth
Intuit shares traded lower after the company reported fourth-quarter beats on revenue and adjusted EPS, while management said it must accelerate new-customer growth and reset priorities.
Ibovespa slips below 171,500 on energy, mining weakness
Brazil’s Ibovespa edges lower to below 171,500 as energy, mining and industrial sectors fall, with Petrobras near -1%, Ultrapar nearly -4%, and miners pressured by declining iron ore.
U.S. stock futures rise as sanctions and yields weigh
U.S. stock futures advance, with Dow Jones, S&P 500 and Nasdaq 100 futures higher, as Scott Bessent expands sanctions on Iran and 10-year Treasury yields stand at 4.71%.
SpaceXAI says Grok Voice handles Starlink support at scale
SpaceXAI says Grok Voice now handles more than 15,000 inbound Starlink support and sales calls daily and fulfills over 3,000 orders each week.
U.S. stock futures fall after Trump launches Iran economic offensive
U.S. stock futures are lower as President Donald Trump announces “Operation Economic Fury” against Iran, lifting geopolitical tensions and pushing Brent crude higher.
Amazon shares rise with mega-cap tech on Treasury buyback plans
Amazon.com shares are trading higher Wednesday alongside mega-cap tech after the U.S. Treasury said it will double maximum debt buybacks for long-term government bonds to $4 billion per operation starting Sept. 9.
H World lifts guidance, unveils new $2.5 billion return plan
H World Group raised full-year 2026 revenue growth guidance after second-quarter revenue rose 10.8% to 7.1 billion yuan, and it approved a new three-year, $2.5 billion shareholder return plan.
Klarna reports Q2 revenue up 27%, net income positive
Klarna Group PLC says second-quarter revenue rose 27% year over year, transaction margin dollars increased 42%, and net income was $9 million, while it also adjusted 2026 guidance.
Carvana shares fall Tuesday amid broader volatility, oil spike
Carvana Co (CVNA) stock drops 6.04% to $65.86 as geopolitical tensions flare after President Trump does not extend the U.S.-Iran ceasefire, lifting crude and pressuring auto-related demand.
Klarna cuts 2026 GMV outlook on weaker German spending
Klarna Group plc reported second-quarter earnings of 1 cent per share and revenue of $1.042 billion, both above estimates, while cutting 2026 GMV and revenue guidance.
BofA survey flashes sell signal as cash falls to 3.5%
Bank of America’s August Global Fund Manager Survey shows global equity allocations at a net 56% overweight and cash at 3.5%, triggering its contrarian sell signal.
JD.com revenue falls 2.9% as investors sell shares
JD.com reported a 2.9% year-on-year revenue decline to 346.4 billion yuan in the June quarter even as adjusted net profit rose 20.8% to 8.9 billion yuan.
BNPL lenders expand from shopping into rent and household bills
BNPL lenders including Flex, Zip and Affirm are expanding into rent, utilities and other household bills, while Intuit promotes 'File Now, Pay Later' for TurboTax users, according to a New York Times report.
U.S. stock futures fall as Trump rejects Iran ceasefire extension
U.S. stock futures trade lower as geopolitics intensify after President Donald Trump rejects extending a temporary ceasefire with Iran, while Brent crude holds above $91 and Treasury yields stay elevated.