14 books for explorers who love nature and the outdoors
Above 'Into the Wild' by Jon Krakauer (Photo: Picador)
Through the story of Christopher McCandless, who ventured fatally into the Alaskan wilderness, Jon Krakauer explores the tension between idealism and reality in nature exploration. It offers cautionary insight for independent travellers who are tempted by the idea of total withdrawal into the wild.
Part biography, part investigative journalism, the book retraces McCandless's steps through North America, interviewing those he met and reflecting on his own youthful excursions. It raises uncomfortable but necessary questions about preparedness, privilege and romantic notions of 'authentic' nature. 3. 'Endurance: Shackleton's Incredible Voyage' by Alfred Lansing
Above 'Endurance: Shackleton's Incredible Voyage' by Alfred Lansing (Photo: Weidenfeld & Nicholson)
Drawn from personal diaries, this account of Ernest Shackleton's Antarctic survival story illustrates nature's brutal indifference and the human capacity to endure it. For those exploring extreme environments, it provides both inspiration and a reality check on the unforgiving character of true wilderness.
When their ship Endurance was trapped and crushed in pack ice, Shackleton and his crew survived against impossible odds. Lansing's meticulous reconstruction of their ordeal is suspenseful and unsentimental, a testament to leadership under conditions where nature dominates every decision 4. 'The Salt Path' by Raynor Winn
Above 'The Salt Path' by Raynor Winn (Photo: Penguin)
After losing their home and facing terminal illness, Winn and her husband walked the entire South West Coast Path of England. For travellers drawn to walking and the idea of healing through exposure to nature, this memoir shows how coastal paths can offer both physical challenge and quiet revelation.
What begins as an act of desperation evolves into an elemental lifestyle, shaped by tide, terrain and strangers met along the way. Winn's observations on the coastal ecology, weather and poverty offer depth beyond the standard 'journey of transformation' trope. 5. 'The Hidden Life of Trees' by Peter Wohlleben
Above 'The Hidden Life of Trees' by Peter Wohlleben (Photo: William Collins)
Peter Wohlleben offers a science-based yet accessible look into how trees form social networks, communicate and protect one another. For travellers who explore woodlands or ancient forests, this book provides a new lens through which to understand the ecosystems they're walking through, turning any forest trail into a richer, more connected experience.
A former forester, Wohlleben draws from decades spent among trees in the Eifel mountains of Germany. He blends peer-reviewed science with anecdote, explaining how trees 'nurse' their sick and warn each other of danger through underground fungal networks. 6. 'Braiding Sweetgrass' by Robin Wall Kimmerer
Above 'Braiding Sweetgrass' by Robin Wall Kimmerer (Photo: Penguin)
Blending indigenous knowledge with botany, Robin Wall Kimmerer reframes nature as something to be in relationship with, not just a destination. For those who travel in search of meaning in the natural world, this book offers a new way to approach landscapes—with reciprocity, reverence and curiosity rather than detachment.
As a member of the Citizen Potawatomi Nation and a trained botanist, Kimmerer is uniquely positioned to bridge scientific rigour with storytelling. Her chapters cover everything from mosses to maple trees, but the real subject is how to listen to nature's rhythms and responsibilities. 7. 'A Sand County Almanac' by Aldo Leopold
Above 'A Sand County Almanac' by Aldo Leopold (Photo: Oxford University Press, USA)
Aldo Leopold's land ethic, developed through seasons spent observing nature on his Wisconsin farm, is foundational to modern conservation thinking. For nature-seeking travellers, this book encourages a mindset shift, from passive consumption of scenery to active, ethical engagement with the landscapes they visit.
His essays—some lyrical, some philosophical—chart the life cycles of flora and fauna with precision. Leopold's influence can be traced in everything from wildlife policy to sustainable tourism. This is the book that reminds travellers: admiration without responsibility is not enough. 8. 'The Outermost House' by Henry Beston
Above 'The Outermost House' by Henry Beston (Photo: ONE)
Written in 1928 but enduringly relevant, Beston's account of a year spent in a remote shack on Cape Cod captures the rhythms of tides, birds and seasons with patient clarity. It's a quiet manual for how to be present in nature—a valuable companion for travellers who prefer solitary coastlines and aim to observe rather than conquer.
Beston's prose is attentive without being flowery, and his belief that 'we need another and a wiser and perhaps a more mystical concept of animals' helped influence the modern environmental movement. It's an ideal choice for those interested in seasonal transitions and the beauty of sustained stillness. 9. 'No Impact Man' by Colin Beavan
Above 'No Impact Man' by Colin Beavan (Photo: Platkus)
Set in urban New York but deeply concerned with environmental footprint, this memoir chronicles Beavan's attempt to live without producing waste. For travellers trying to navigate sustainability on the road, it offers thoughtful provocations about how to move through nature without leaving damage in your wake.
From making his own toothpaste to banning elevators, Beavan's extreme (and often amusing) year-long project is more reflective than prescriptive. He confronts contradictions in eco-living without sermonising, and his lessons translate to choices made on trains, trails and across borders. 10. 'Underland: A Deep Time Journey' by Robert Macfarlane
Above 'Underland: A Deep Time Journey' by Robert Macfarlane (Photo: Penguin)
Robert Macfarlane travels underground—into caves, glaciers and catacombs—to uncover the stories beneath the surface of the Earth. For the traveller attuned to geology, history or climate, this is an ambitious, haunting reminder that nature isn't always visible, but it's always present.
The book spans the catacombs of Paris, Arctic ice cores and ancient burial sites, all connected by the concept of 'deep time'. Macfarlane's poetic style doesn't obscure the science; instead, it reveals how human narratives are shaped by what lies below as much as above. 11. 'The Lost City of Z' by David Grann
Above 'The Lost City of Z' by David Grann (Photo: Simon & Schuster UK)
This gripping blend of biography and jungle expedition traces British explorer Percy Fawcett's doomed search for a hidden civilisation. For travellers drawn to remote regions, especially rainforests, it's a sobering look at how nature resists conquest and how myth can cloud perception of the natural world.
David Grann follows Fawcett's footsteps into the Amazon, weaving in his own treacherous fieldwork alongside colonial ambition and scientific misjudgement. What emerges is a cautionary tale about hubris, obsession and the dangers of projecting Western fantasies onto ecologically complex landscapes. 12. 'Desert Solitaire' by Edward Abbey
Above 'Desert Solitaire' by Edward Abbey (Photo: William Collins)
Edward Abbey's unfiltered reflections from his time as a park ranger in the Utah desert cut through sentimentality and reveal the stark, political and ecological truths of wilderness preservation. Travellers exploring arid or protected regions will find it both a provocation and a defence of leaving nature wild.
First published in 1968, the book is at once a celebration of desert landscapes and a polemic against industrial tourism. Abbey rails against the encroachment of roads and air-conditioned buses into sacred terrain, arguing that real wilderness demands discomfort, risk and solitude. 13. 'In Patagonia' by Bruce Chatwin
Above 'In Patagonia' by Bruce Chatwin (Photo: Vintage Classics)
Bruce Chatwin's fragmentary, literary portrait of southern Argentina and Chile is more inquiry than itinerary. For travellers curious about how geography shapes myth, identity and history, it's a vivid mental map of a place where nature still exerts a narrative pull.
With obsessions ranging from Welsh exiles to prehistoric fossils, Chatwin reveals Patagonia as a psychic as well as physical space. His style—elliptical, indirect, literary—may frustrate conventional travel writing fans, but it rewards those open to seeing landscapes through cultural and mythic dimensions. 14. 'The Overstory' by Richard Powers
Above 'The Overstory' by Richard Powers (Photo: Penguin)
Though a novel, Richard Powers' sweeping narrative treats trees not as setting but as protagonists in a centuries-long ecological drama. For nature travellers who seek narrative depth in the environments they walk through, it's an invitation to consider the living history around every root and branch.
The interlocking stories span time, continents and species, with scientific precision and emotional power. Powers incorporates real-world forestry research and activism, challenging readers to see trees not as background, but as dynamic, central forces in human history and fate.
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The Dow Jones Industrial Average (^DJI) fell nearly 0.5%. The S&P 500 (^GSPC) dropped 0.2%, while the tech-heavy Nasdaq (^IXIC) trimmed session gains to drop 0.3%. Stocks took a leg lower after CNBC, The Wall Street Journal, and The Washington Post reported extended China's tariff trade deal deadline to Nov. 9. Stocks fell on Monday in anticipation of an important inflation print on Tuesday, and following reports that President Trump has granted China another 90-day tariff extension. The Dow Jones Industrial Average (^DJI) fell nearly 0.5%. The S&P 500 (^GSPC) dropped 0.2%, while the tech-heavy Nasdaq (^IXIC) trimmed session gains to drop 0.3%. Stocks took a leg lower after CNBC, The Wall Street Journal, and The Washington Post reported extended China's tariff trade deal deadline to Nov. 9. Why the Nvidia, AMD revenue-sharing pact with the White House is ripe for a legal challenge Yahoo Finance's Alexis Keenan reports: Read more here. Yahoo Finance's Alexis Keenan reports: Read more here. Trump reportedly signs order granting another 90-day extension on harshest China tariffs US stocks were little changed following reports that President Trump granted China another 90-day tariff deadline extension on Monday. The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) slipped 0.1% lower, while the Dow Jones Industrial Average (^DJI) led the modest declines, falling 0.4% Yahoo Finance's Ben Werschkul reports: Read more here. US stocks were little changed following reports that President Trump granted China another 90-day tariff deadline extension on Monday. The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) slipped 0.1% lower, while the Dow Jones Industrial Average (^DJI) led the modest declines, falling 0.4% Yahoo Finance's Ben Werschkul reports: Read more here. July CPI report expected to show inflation accelerated amid tariff pressures Yahoo Finance's Allie Canal reports: Read more here. Yahoo Finance's Allie Canal reports: Read more here. Gold at session lows as Trump says precious metal will be not be tariffed Gold (GC=F) futures traded near session lows on Monday afternoon after President Trump said imports of the precious metal will not be tariffed. "Gold will not be Tariffed!" said a statement posted on social media. The precious metal declined more than 2% to trade near $3,404 per ounce. Last Friday gold futures touched intraday record highs amid reports that imports of Swiss gold bars would not be exempt from tariffs. Later in the session the metal trimmed gains after the White House indicated it would clarify "misinformation about the tariffing of gold bars and other specialty products." Gold (GC=F) futures traded near session lows on Monday afternoon after President Trump said imports of the precious metal will not be tariffed. "Gold will not be Tariffed!" said a statement posted on social media. The precious metal declined more than 2% to trade near $3,404 per ounce. Last Friday gold futures touched intraday record highs amid reports that imports of Swiss gold bars would not be exempt from tariffs. Later in the session the metal trimmed gains after the White House indicated it would clarify "misinformation about the tariffing of gold bars and other specialty products." stock falls 23% after lowering revenue guidance Inc. (AI) stock tumbled as much as 30% on Monday morning after the software company reported a steep sales miss and as its founder's health issues are spurring a search for a successor. Shares were down 23% in afternoon trading. The company released preliminary results late Friday showing revenue well below analysts' estimates as it undergoes a reorganization of its sales operation. Guidance for the fiscal first quarter also came in lighter than expected. Bloomberg reported that CEO Tom Siebel attributed what he called "completely unacceptable" results to recent health issues that prevented him from actively helping to sell the company's software. Several weeks ago, he said the company would begin to search for a successor. As Yahoo Finance's Brian Sozzi noted today, problems appear to be company-specific — not an indicator of the overall AI trade. "But I think now is probably the time to pivot away from some of the pure plays and go to more of bank shots on AI, and names like that would be in the industrials that, you know, aren't even tech stocks, but are benefiting from all of the infrastructure spending," John Campbell of Allsprings Global Investments said on Opening Bid. Read more here. Inc. (AI) stock tumbled as much as 30% on Monday morning after the software company reported a steep sales miss and as its founder's health issues are spurring a search for a successor. Shares were down 23% in afternoon trading. The company released preliminary results late Friday showing revenue well below analysts' estimates as it undergoes a reorganization of its sales operation. Guidance for the fiscal first quarter also came in lighter than expected. Bloomberg reported that CEO Tom Siebel attributed what he called "completely unacceptable" results to recent health issues that prevented him from actively helping to sell the company's software. Several weeks ago, he said the company would begin to search for a successor. As Yahoo Finance's Brian Sozzi noted today, problems appear to be company-specific — not an indicator of the overall AI trade. "But I think now is probably the time to pivot away from some of the pure plays and go to more of bank shots on AI, and names like that would be in the industrials that, you know, aren't even tech stocks, but are benefiting from all of the infrastructure spending," John Campbell of Allsprings Global Investments said on Opening Bid. Read more here. Bitcoin surges above $120,000, ethereum rises as investors pile into crypto Bitcoin (BTC-USD) surged on Monday to trade near record highs as investor enthusiasm and momentum around crypto grew. The digital token reached $122,000 on Monday before easing to around $120,000. The gains come as inflows into exchange-traded funds (ETFs) have grown and public companies have been adding bitcoin to their balance sheets. Bitcoin wasn't the only cryptocurrency getting a bid; ethereum (ETH-USD) touched 2021 levels on Monday. The second-largest cryptocurrency by market cap has surged roughly 190% since the April market lows. Companies have been adding ethereum to their balance sheets as a way to gain exposure to the tech infrastructure behind decentralized finance and digital assets, such as stablecoins. The move higher in crypto also comes as stocks hover near record highs on expectations that the Federal Reserve will cut rates in September and President Trump's next Fed chair pick will likely bring looser monetary policy. Bitcoin (BTC-USD) surged on Monday to trade near record highs as investor enthusiasm and momentum around crypto grew. The digital token reached $122,000 on Monday before easing to around $120,000. The gains come as inflows into exchange-traded funds (ETFs) have grown and public companies have been adding bitcoin to their balance sheets. Bitcoin wasn't the only cryptocurrency getting a bid; ethereum (ETH-USD) touched 2021 levels on Monday. The second-largest cryptocurrency by market cap has surged roughly 190% since the April market lows. Companies have been adding ethereum to their balance sheets as a way to gain exposure to the tech infrastructure behind decentralized finance and digital assets, such as stablecoins. The move higher in crypto also comes as stocks hover near record highs on expectations that the Federal Reserve will cut rates in September and President Trump's next Fed chair pick will likely bring looser monetary policy. Intel stock jumps with CEO Lip-Bu Tan reportedly set to meet with President Trump Intel (INTC) stock jumped more than 4% ahead of CEO Lip-Bu Tan's reported visit to the White House after President Trump called for his resignation. Citing unnamed sources, the Wall Street Journal reported over the weekend that Tan is set to meet with Trump Monday to explain his personal and professional background and to propose ways that Intel and the government can collaborate. Intel did not immediately respond to Yahoo Finance's questions regarding the reported meeting. Read the full story here. Intel (INTC) stock jumped more than 4% ahead of CEO Lip-Bu Tan's reported visit to the White House after President Trump called for his resignation. Citing unnamed sources, the Wall Street Journal reported over the weekend that Tan is set to meet with Trump Monday to explain his personal and professional background and to propose ways that Intel and the government can collaborate. Intel did not immediately respond to Yahoo Finance's questions regarding the reported meeting. Read the full story here. Tesla stock rises as EV maker applies for electricity supply license in UK Tesla (TSLA) stock surged 3% on Monday after the EV maker applied for a license to provide electricity to UK households and businesses. Apart from making electric vehicles and robotaxis, Tesla also provides Megapack batteries. The company's energy business grew 30% year over year last quarter, accounting for its largest margins. If the electricity supply license application submitted to the UK energy regulator Ofgem is approved, Tesla would be allowed to compete with other energy firms in the region. Tesla (TSLA) stock surged 3% on Monday after the EV maker applied for a license to provide electricity to UK households and businesses. Apart from making electric vehicles and robotaxis, Tesla also provides Megapack batteries. The company's energy business grew 30% year over year last quarter, accounting for its largest margins. If the electricity supply license application submitted to the UK energy regulator Ofgem is approved, Tesla would be allowed to compete with other energy firms in the region. Micron jumps after memory chipmaker raises Q4 financial guidance Memory chipmaker Micron (MU) — which supplies its semiconductors to Nvidia (NVDA) to use in its products — saw its stock jump more than 4% Monday after raising its financial outlook for its fourth quarter, which ends Aug. 28. The company said it expects to see adjusted revenue of $11.1 billion to $11.3 billion, up from its prior projected range of $10.4 billion to $11 billion. Micron expects to report quarterly adjusted earnings per share of $2.78 to $2.92, more than its previous range of $2.35 to $2.65. "This revised guidance reflects improved pricing, particularly in DRAM, and strong execution," the company said in a statement. Micron's DRAM chips are one type of memory chip used in devices like personal computers and smartphones. Memory chipmaker Micron (MU) — which supplies its semiconductors to Nvidia (NVDA) to use in its products — saw its stock jump more than 4% Monday after raising its financial outlook for its fourth quarter, which ends Aug. 28. The company said it expects to see adjusted revenue of $11.1 billion to $11.3 billion, up from its prior projected range of $10.4 billion to $11 billion. Micron expects to report quarterly adjusted earnings per share of $2.78 to $2.92, more than its previous range of $2.35 to $2.65. "This revised guidance reflects improved pricing, particularly in DRAM, and strong execution," the company said in a statement. Micron's DRAM chips are one type of memory chip used in devices like personal computers and smartphones. Stocks steady at the open US stocks were steady at the open on Monday after the Nasdaq Composite (^IXIC) notched two consecutive records last week. The Dow Jones Industrial Average (^DJI) rose nearly 0.1%. The S&P 500 (^GSPC) and the tech-heavy Nasdaq (^IXIC) hovered above the flat line. Chip stocks were in focus Monday after Nvidia (NVDA) and AMD (AMD) reportedly inked deals with the US government to sell their chips to China in exchange for sharing 15% of their revenues from the country. Nvidia shares fell less than 1% on Monday, while AMD shares lost over 1.5%. Looking ahead this week, investors are awaiting a key inflation reading and the upcoming summit between President Trump and Russian President Putin. US stocks were steady at the open on Monday after the Nasdaq Composite (^IXIC) notched two consecutive records last week. The Dow Jones Industrial Average (^DJI) rose nearly 0.1%. The S&P 500 (^GSPC) and the tech-heavy Nasdaq (^IXIC) hovered above the flat line. Chip stocks were in focus Monday after Nvidia (NVDA) and AMD (AMD) reportedly inked deals with the US government to sell their chips to China in exchange for sharing 15% of their revenues from the country. Nvidia shares fell less than 1% on Monday, while AMD shares lost over 1.5%. Looking ahead this week, investors are awaiting a key inflation reading and the upcoming summit between President Trump and Russian President Putin. Paramount seals $7.7 billion exclusive US rights deal with UFC Paramount has agreed to a seven-year, $7.7 billion deal to become the exclusive US broadcaster of the Ultimate Fighting Championship (UFC). The agreement is Paramount's largest since David Ellison took over as chair and CEO last week, following the completion of Skydance's takeover of the company. Under the contract, Paramount will stream all 13 of UFC's marquee events and 30 Fight Nights annually on its streaming platform from 2026, with selected events also broadcast on CBS, the Financial Times reported. The FT reports: Read more here (subscription required). Paramount has agreed to a seven-year, $7.7 billion deal to become the exclusive US broadcaster of the Ultimate Fighting Championship (UFC). The agreement is Paramount's largest since David Ellison took over as chair and CEO last week, following the completion of Skydance's takeover of the company. Under the contract, Paramount will stream all 13 of UFC's marquee events and 30 Fight Nights annually on its streaming platform from 2026, with selected events also broadcast on CBS, the Financial Times reported. The FT reports: Read more here (subscription required). AMC tops revenue estimates as blockbuster titles boost theater attendance AMC (AMC) stock jumped 8% in premarket trading after the movie theater chain reported attendance in the second quarter grew nearly 26% as blockbusters drew in moviegoers. Reuters reports: Read more here. AMC (AMC) stock jumped 8% in premarket trading after the movie theater chain reported attendance in the second quarter grew nearly 26% as blockbusters drew in moviegoers. Reuters reports: Read more here. Nvidia, AMD stocks decline after chipmakers agree to pay US 15% cut of China chip sales Shares of Nvidia (NVDA) and AMD (AMD) fell on Monday after the two companies agreed to pay the US government 15% of the revenue for certain chip sales to China. Nvidia stock was off by 0.4% premarket, while AMD stock dropped 1.4% as investors digested the unusual deal in which the chipmakers will essentially pay for export licenses. While the details are still being worked out, the chips in question reportedly include Nvidia's H20 AI chip and AMD's MI308 chips, which previously faced export controls from the Trump administration. Nvidia CEO Jensen Huang made the deal at the White House last Wednesday, the same day Apple (AAPL) agreed to increase its US investment to $600 billion, ostensibly to help the company avoid tariffs, as the Trump administration looks to monetize trade policy. An Nvidia spokesperson told Yahoo Finance: 'We follow rules the U.S. government sets for our participation in worldwide markets. While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide. America cannot repeat 5G and lose telecommunication leadership. America's AI tech stack can be the world's standard if we race." As for other chip stocks, Intel (INTC) and Qualcomm (QCOM) shares rose, while Taiwan Semiconductor (TSM) fell modestly. Read more here. Shares of Nvidia (NVDA) and AMD (AMD) fell on Monday after the two companies agreed to pay the US government 15% of the revenue for certain chip sales to China. Nvidia stock was off by 0.4% premarket, while AMD stock dropped 1.4% as investors digested the unusual deal in which the chipmakers will essentially pay for export licenses. While the details are still being worked out, the chips in question reportedly include Nvidia's H20 AI chip and AMD's MI308 chips, which previously faced export controls from the Trump administration. Nvidia CEO Jensen Huang made the deal at the White House last Wednesday, the same day Apple (AAPL) agreed to increase its US investment to $600 billion, ostensibly to help the company avoid tariffs, as the Trump administration looks to monetize trade policy. An Nvidia spokesperson told Yahoo Finance: 'We follow rules the U.S. government sets for our participation in worldwide markets. While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide. America cannot repeat 5G and lose telecommunication leadership. America's AI tech stack can be the world's standard if we race." As for other chip stocks, Intel (INTC) and Qualcomm (QCOM) shares rose, while Taiwan Semiconductor (TSM) fell modestly. Read more here. Good morning. Here's what's happening today. Earnings: (BBAI), (MNDY), Oklo (OKLO), Plug Power (PLUG) Economic calendar: No notable releases. Here are some of the biggest stories you may have missed overnight and early this morning: Nvidia, AMD revenue deal brings 'monetization of US trade policy' Yahoo Finance poll: Americans face new, complex financial challenges Earnings live: stock tanks, AMC to report Debate over Fed rate cuts heats up: What to watch this week Fed's Bowman makes case for 3 interest rate cuts in 2025 Intel CEO to visit White House on Monday Citi strategists raise S&P 500 target on resilient earnings Bitcoin Nears Record as Treasury Investors Boost Crypto Market BofA poll shows record number of investors say stocks overvalued Lithium market soars as CATL shuts one of world's biggest mines Earnings: (BBAI), (MNDY), Oklo (OKLO), Plug Power (PLUG) Economic calendar: No notable releases. Here are some of the biggest stories you may have missed overnight and early this morning: Nvidia, AMD revenue deal brings 'monetization of US trade policy' Yahoo Finance poll: Americans face new, complex financial challenges Earnings live: stock tanks, AMC to report Debate over Fed rate cuts heats up: What to watch this week Fed's Bowman makes case for 3 interest rate cuts in 2025 Intel CEO to visit White House on Monday Citi strategists raise S&P 500 target on resilient earnings Bitcoin Nears Record as Treasury Investors Boost Crypto Market BofA poll shows record number of investors say stocks overvalued Lithium market soars as CATL shuts one of world's biggest mines stock tanks after the company reports earnings stock plunged aorund 20% in premarket trading on Monday after the Israeli-based software company reported earnings. In the second quarter, reported earnings of $0.03 per share and revenue of $299 million. While revenue beat analyst expectations of $293 million, GAAP profits fell short, as Wall Street was looking for $0.20 per share, per S&P Global Market Intelligence. Investors have been looking for signs that economic uncertainty is pushing companies to pull back their spending on technology and software. The company's operating loss fell to $11.6 million from $1.8 million a year ago, and the operating margin fell to negative 4% from 1% last year. Read more live coverage of corporate earnings here stock plunged aorund 20% in premarket trading on Monday after the Israeli-based software company reported earnings. In the second quarter, reported earnings of $0.03 per share and revenue of $299 million. While revenue beat analyst expectations of $293 million, GAAP profits fell short, as Wall Street was looking for $0.20 per share, per S&P Global Market Intelligence. Investors have been looking for signs that economic uncertainty is pushing companies to pull back their spending on technology and software. The company's operating loss fell to $11.6 million from $1.8 million a year ago, and the operating margin fell to negative 4% from 1% last year. Read more live coverage of corporate earnings here US gold futures fall as traders await clarification on tariffs US gold futures (GC=F) in New York fell 2% as traders waited for the White House to clarify its tariff policy. Last week, the US Customs and Border agency surprised the market by ruling that 100oz and 1kg gold bars would face tariffs. Bloomberg News reports: Read more here. US gold futures (GC=F) in New York fell 2% as traders waited for the White House to clarify its tariff policy. Last week, the US Customs and Border agency surprised the market by ruling that 100oz and 1kg gold bars would face tariffs. Bloomberg News reports: Read more here. Target still in the bear camp Good WSJ story this morning on Target (TGT) and its many challenges, one of them finding its next CEO. I wrote more on this a couple months ago. I would expect an abysmal quarter (another one) from Target when it reports second quarter earnings on August 20. The company is not only dealing with operational challenges, but it has totally lost the value perception battle with Walmart. I don't see these dynamics changing this year, and maybe not until deep into 2026 provided an outside CEO is brought in to run a full assessment of the business. Good WSJ story this morning on Target (TGT) and its many challenges, one of them finding its next CEO. I wrote more on this a couple months ago. I would expect an abysmal quarter (another one) from Target when it reports second quarter earnings on August 20. The company is not only dealing with operational challenges, but it has totally lost the value perception battle with Walmart. I don't see these dynamics changing this year, and maybe not until deep into 2026 provided an outside CEO is brought in to run a full assessment of the business. Bitcoin near a fresh record Bitcoin looks to be breaking out of its recent trading range, nearing a fresh record this morning. There doesn't appear to be a clear catalyst for the pop today, though this Sunday X post from bitcoin evangelist Michael Saylor may have stoked the bulls. It suggests he will continue to be a buyer of bitcoin — perhaps no surprise, but the crypto market likes to be coddled. "If you don't stop buying Bitcoin, you won't stop making Money," Saylor wrote. Bitcoin looks to be breaking out of its recent trading range, nearing a fresh record this morning. There doesn't appear to be a clear catalyst for the pop today, though this Sunday X post from bitcoin evangelist Michael Saylor may have stoked the bulls. It suggests he will continue to be a buyer of bitcoin — perhaps no surprise, but the crypto market likes to be coddled. "If you don't stop buying Bitcoin, you won't stop making Money," Saylor wrote. crashing Shares of (AI) are getting crushed pre-market to the tune of 30%. And the rout is 100% deserved. Late Friday the company said it sees preliminary first fiscal quarter revenue of $70.2 million to $70.4 million, about 33% below the mid-point of its prior guidance for $100 million to $109 million. Sales would be down 19% from the prior year. The adjusted operating loss will be $57.7 million to $59.9 million, roughly twice the $23.5 million to $33.5 million loss that it had expected. I don't think there is anything to read into the AI trade here — this seems very company-specific, and tied to a sales reorg. Shares of (AI) are getting crushed pre-market to the tune of 30%. And the rout is 100% deserved. Late Friday the company said it sees preliminary first fiscal quarter revenue of $70.2 million to $70.4 million, about 33% below the mid-point of its prior guidance for $100 million to $109 million. Sales would be down 19% from the prior year. The adjusted operating loss will be $57.7 million to $59.9 million, roughly twice the $23.5 million to $33.5 million loss that it had expected. I don't think there is anything to read into the AI trade here — this seems very company-specific, and tied to a sales reorg.
