Instacart falls on Amazon grocery, Oracle job cuts, Bullish IPO
Shares of Instacart's parent company, Maplebear (CART), are falling after Amazon (AMZN) announced an expansion to its same-day grocery delivery offerings.
Oracle (ORCL) is in focus after reports of job cuts as the company reduces costs to invest in artificial intelligence (AI) infrastructure.
Bullish (BLSH) is in focus as the stock is set to begin trading on Wednesday.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo Finance's Market Minute. US stocks trading at record highs today as investors price in a rate cut at the Fed September meeting. Meanwhile, Instacart falling as Amazon announces it's expanding its same-day delivery grocery business in 2300 cities by the end of this year. Same-day grocery delivery is free for Amazon Prime subscribers on orders over $25 in most cities. And new reports say Oracle is cutting jobs in its cloud unit as the company seeks to take steps to control costs amid heavy AI spending infrastructure. Oracle stock is currently trading near an all-time high on momentum in its cloud unit. And crypto company Bullish begins trading today after raising $1.1 billion in an oversubscribed IPO. The company operates a digital asset exchange and owns media outlet Coindesk. At the helm is former New York Stock Exchange President, Tom Farley. And that's your Yahoo Finance Market Minute. For more on what's trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the trading session.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a minute ago
- Yahoo
Sandisk guidance, Evolv Technologies earnings, Flowers Foods outlook
Here are some of the stories Wall Street is watching on Friday, Aug. 15. Sandisk (SNDK) shares are slipping after issuing what some analysts are calling conservative fiscal Q1 guidance. Evolv Technologies (EVLV) is seeing its shares rise on Q2 results. Flowers Foods (FLO) cut its full-year outlook, with Chairman and CEO Ryals McMullian saying, "Macroeconomic uncertainty and shifting consumer demand have continued to pressure the bread category." Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. It's time for your Yahoo! Finance's market minute stocks trading mixed, but on track for weekly gains as investors increasingly price in a September rate cut. Computer hardware and storage company SanDisk's falling as analysts dubbed the firm's guidance conservative. Firm sees first quarter EPS of 70 cents to 90 cents versus the 91 cents estimated. Gross margins forecast also coming in below estimates. Shares of security company Evolv Technologies rising after reporting better than expected results and raising its full-year revenue forecast. Lake Street Capital upgrading that stock to buy from hold, citing the firm growing new accounts and expanding relationships. Baked foods producer Flower Foods is falling after cutting its full-year outlook and reporting second quarter revenue that did miss estimates. Management citing softness and bread sales and an intensifying competitive environment. That's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code below. Related Videos Consumer health is 'relatively sunny,' but some risks persist Here's how Americans are feeling about their finances now What economists are saying about inflation now Intel & Trump, Opendoor CEO resigns, EV makers & EV tax credits Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a minute ago
- Yahoo
Duke Energy seeks to extend operations for another 50 years at Bad Creek, supporting unprecedented growth in the Carolinas
For more than three decades, the pumped storage hydro station in South Carolina has performed a vital role as the largest "battery" on the company's system Effort supports the intent of South Carolina leaders to address growth by continuing to operate proven electricity capacity in the state GREENVILLE, S.C., Aug. 15, 2025 /PRNewswire/ -- Duke Energy has announced its submission of the final license application to the Federal Energy Regulatory Commission (FERC) for the Bad Creek Pumped Storage Hydroelectric Station, located near Salem, S.C. The application, if approved, would extend the plant's operations for an additional 50 years. A flexible, dynamic, efficient and emission-free way to store and deliver large quantities of energy, pumped storage hydro plants store and generate energy by moving water between two reservoirs at different elevations. Located in Oconee County, S.C., Bad Creek is designed to produce significant amounts of energy when our customers need it most, performing a vital role as the largest "battery" on the company's system since 1991. Why it matters: As part of the company's responsibility to serve nearly 860,000 retail electric customers across South Carolina, Duke Energy needs to not only build large amounts of new generation but also extend the lives of those proven workhorse facilities like Bad Creek and the company's existing nuclear fleet to support the economic success and growth the state is experiencing. Duke Energy recently completed upgrades to the four units at the Bad Creek pumped storage facility in Salem, S.C. The upgrades add a total of 320 megawatts of carbon-free energy to the company's system, increasing the total capacity of the station to 1,680 megawatts. This commitment to relicense the Bad Creek facility reflects the investments the company is making to maintain and enhance our generating fleet and serve a growing customer base. Next steps: The current operating license for the project expires in July 2027 and Duke Energy consulted with more than 70 stakeholders to propose a new license that would run for another 50 years. Duke Energy expects a decision on our operating license application from FERC in 2027, before the original license expires. More info: Downloadable b-roll of Bad Creek is available for use. Please courtesy credit: "Duke Energy". What they're saying: U.S. Rep. Sheri Biggs: "Bad Creek is a cornerstone of South Carolina's energy infrastructure and a testament to the kind of smart, long-term investment our state needs. I'm proud to support Duke Energy's efforts to extend operations at this critical facility. This project will help power our communities, support economic growth, and ensure a reliable, affordable energy future for families and businesses across the Upstate." Duke Energy South Carolina President Tim Pearson: "Extending the life of this 'marvel in the mountain' has been a significant part of our planning for the future for many years. Our commitment to keep a proven asset like Bad Creek online for decades to come while also bringing a diverse portfolio of new generating resources to the grid reflects the direction our state's leaders have made clear is the right path forward to support a reliable, affordable and resilient energy future for South Carolina." Duke Energy CarolinasDuke Energy Carolinas, a subsidiary of Duke Energy, owns 20,800 megawatts of energy capacity, supplying electricity to 2.9 million residential, commercial and industrial customers across a 24,000-square-mile service area in North Carolina and South Carolina. Duke EnergyDuke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.6 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,100 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage. More information is available at and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition. 24-Hour: 800.559.3853 View original content to download multimedia: SOURCE Duke Energy
Yahoo
a minute ago
- Yahoo
What Adyen's tariff troubles portend for payments companies
Tariffs and the subsequent global trade war are hurting Adyen's financial outlook, causing the company to seek ways to deemphasize the U.S. "The tariffs are impacting some of our Asia Pacific merchants," Adyen CEO Ingo Uytdehaage said during Adyen's earnings the first half of 2025, Adyen reported net revenue of $1.27 billion, lower than the $1.3 billion forecast by LSEG analysts. First half earnings before interest, taxes and amortization were $635 million, lower than the $643 million estimated by analysts. Adyen also said its previously forecast "slight net revenue growth" is "unlikely" due to an increasingly uncertain macroeconomics. Adyen did not return a request for comment. Beyond the impact of tariffs, Adyen reported strong results, such as wallet share gains among existing merchants and improvements in adding new customers. But "the downward revision in full year net revenue growth guidance and commentary suggesting a persistent macro headwind in the second half will likely overshadow the positive data points," KeyBanc Capital Markets said in an analyst note on Adyen. "We walk away incrementally cautious on the balance of the year." Less focus on the U.S. Adyen, which is headquartered in Amsterdam, also has operations in the U.S. The company has accumulated a portfolio of payment and financial services products in competition with Stripe, Block, PayPal and other companies that sell payment technology to small businesses globally. Uytdehaage told analysts that it would attempt to route more transactions from China to non-U.S. consumers to reduce economic pressure from the trade war. "That's how we look at things we can't control," Uytdehaage said of viewing the tariffs as an "opportunity." "We can help those merchants move into new markets." While payment firms are looking at how tariffs and tighter immigration policy impact inflation and payment volume, there's one particular change that is heavily impacting China, and thus could hit Asian payment volume particularly hard. Read more about tariffs. Tariffs and Banking: Key Insights and Analysis | American Banker In Adyen's case the tariff impacts partly include the suspension of the de minimus rule. Tariffs for goods under $800 traditionally were waived under the rule. Large firms that sell Chinese goods, such as Temu and Shein, are subject to the de minimus rule's discontinuation given their large sales volumes of lower-cost items to the U.S. via e-commerce. Losing the $800 waiver exposes small purchases to the same uncertain tariffs as larger purchases. Adyen did not disclose its exposure to Shein or Temu, but its revenue includes transaction fees from online retailers, and Adyen attributed its tariff pressure to slower growth from APAC merchants with U.S. e-commerce customers. Downstream pressure While payment companies have mostly projected stronger than expected earnings for 2025, analysts said the recent imposition of new tariffs threaten those outlooks. "While we expect fundamentals in the second quarter to hold up, estimates for many payments companies anticipate a stronger second half relative to the first half driven by timing of growth initiatives or favorable comps," KBW said in a research report on the broader global payments industry. "The key question is whether confidence in the achievability of these growth targets remains intact as the impacts from tariffs in the second half come back into focus." Areas to watch include travel, discretionary online retail given the de minimis tax exemption to China going away, and restaurant spending, according to KBW. "But a weaker dollar should be an incremental tailwind for most of the companies in our coverage," KBW said. The notion that tariffs won't impact the payments industry is wishful thinking or denial, Eric Grover, principal at Intrepid Ventures, told American Banker, noting that tariffs are a tax on imports and are increasing the price of goods for consumers and producers. "They will, therefore, very directly reduce commerce and consequently payments," Grover said. "Cross-border e-commerce is likely to be most immediately and acutely impacted, which is why Adyen in particular is feeling the pain. But the rest of the payments industry isn't immune. Payment networks and processors will suffer, some more than others depending on their mix of business." Adyen has had more exposure outside the U.S., where the impact of tariffs is more likely to be felt, particularly in Asia, Aaron McPherson, principal at AFM Consulting, told American Banker. Another important factor is the delay in tariffs, which has muted their impact thus far, McPherson businesses have absorbed the impact of tariffs, but may soon have to pass on the cost of tariffs to consumers because the businesses can no longer afford the extra expense. Inflation in the U.S. has started to increase along with signs of a weakening labor market. Given these factors, Adyen's relatively weak earnings report may be a harbinger of problems to come, according to McPherson. "We'll need to see more corporate reporting to gauge the full effect of the tariffs, but given that the majority of them only went into effect this week, they would not have shown up in last quarter's numbers anyway," he said. Sign in to access your portfolio
