Intel CEO Says Has Board Support as Trump Calls for Resignation
Tan has reached out to the White House to clear up what he called 'misinformation' about his track record, he said in a letter to staff posted on Intel's website.
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BigBear AI (BBAI) Snaps Losses with 8% Gain as Investors Positive Ahead of Earnings
We recently published . Holdings Inc. (NYSE:BBAI) is one of the best-performing stocks on Friday. BigBear snapped a three-day losing streak on Friday, adding 8.02 percent to close at $7.14 apiece as investors repositioned portfolios ahead of the release of its earnings performance. According to information on its website, Holdings, Inc. (NYSE:BBAI) will announce its financial and operating results after the market close on Monday, August 11. An investor call will be held later that evening. In recent news, Holdings, Inc. (NYSE:BBAI) struck a partnership with defense company Defcon AI to collaborate on advanced, next-generation technologies to support military readiness. In particular, the two companies will co-develop on-demand advanced modeling, simulation, and data integration solutions to support contested logistics, joint force sustainment, and readiness assessments across the global defense enterprise. 'Together, we will help deliver scalable, integrable solutions to the defense community's most pressing logistics and readiness challenges from tactical operations at the Southwest border to strategic campaigns in the Indo-Pacific,' said Holdings, Inc. (NYSE:BBAI) CEO Kevin McAleenan. While we acknowledge the potential of BBAI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
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Stocks and Markets Podcast: Strategist gives tips on what to watch for in August
Stocks and Markets Podcast: Strategist gives tips on what to watch for in August originally appeared on TheStreet. This article is based on TheStreet's Stock & Markets Podcast. Hosted by the veteran Wall Street investor Chris Versace, the weekly podcasts are available early to members of TheStreetPro investing club. Shall I compare thee to a summer's day? Well, in that case, you'd better hurry up Summer is starting to wind down, and some investors might be feeling a little uncertain right about now. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 But this has historically been a less-than-stellar time for the stock market, and Jay Woods, chief global strategist with Freedom Capital Markets, said that August and September are two of the market's worst performing months. "You go back the last 15 years to 2011, August and September have been down more than they've been up," he said. "September, in fact, is a losing month over that time. So, we're seeing this seasonal pattern of weakness." "Weird things happen in August," Woods added. "I don't know why." Strategist notes Microsoft earnings Woods shared his insights with Chris Versace, columnist and lead manager of TheStreet Pro portfolio during the Aug. 6 edition of TheStreet's Stock & Markets Podcast, as he discussed what stocks and sectors investors should buy and avoid in the month that has been called summer's last stand. Stock have had big run since bottoming in April, Versace noted. The Standard & Poor's 500 Index has risen 32.2% from the low. The Nasdaq Composite Index is up 45% in the same time period. "We're about two thirds of the way through the earnings season," Versace added. "Earnings have been, by and large, better than expected. But we're entering that time of the year known to many as August. Seasonally slow. Not the strongest time of the year." More Economic Analysis: Trump sends strong message on Federal Reserve Chair decision A divided Federal Reserve mulls interest rate cut after wild week Federal Reserve reveals latest interest rate cut decision Woods believes the market is in a 'garden variety pullback' that happens in August and September. 'So, as a technician that follows price action, the seasonal factors are lining up, too," Woods said. "I think you want to get ready to buy some of these dips, especially in the strongest names. So you stay, you go to the beach for a little while. You come back, and see where the opportunities are." Technology and financials are doing okay now, Woods said, "and that's going to take this market higher." 💥💥Follow TheStreet's Stocks & Markets Podcast on , , or . Don't miss the move!💥💥 Woods said that he is watching software giant Microsoft () , which he noted had stellar earnings, but then peaked at $555 on July 31 and has since reversed. "Microsoft did exactly what Nvidia () did," he said, referring to the AI chipmaker. "It hasn't had a sideways action in quite some time. So, we're in a digestive phase right now in this market. And it's not just Microsoft. Look at Meta () , look at a lot of these names that had tremendous runs." Watching out for troubled sectors Woods also discussed areas to avoid, including pharmaceuticals and materials. President Donald Trump has escalated his demands that pharma companies lower U.S. drug prices in line with what other countries pay."Pharma is getting hit," he said. "The drug makers don't know what to do here because what he wants to do is get comparable pricing in the U.S. To our European counterparts, you and I, this is fantastic. But to the drug makers, to the shareholders of these stocks, this is going to hurt their margins dramatically." Woods also warned about staples, including companies like Procter & Gamble () , Clorox () , and Kimberly-Clark () . "Overall, we're talking about those household, everyday items that we need," he said. "It's going to be tough because their margins are going to get hit, and it's going to come back to us. And then the consumer is going to get a little more selective." Woods said the only winners in this case are "cheap retail stocks" like Dollar General () and Dollar Tree () . Stocks in the materials sector "are a little wonky," he said, as some mining-related companies have done well, such as gold producer Newmont Corp. () , but companies like Sherwin-Williams () and Dow () have struggled. "They warned, and they warned again after lowering the bar a quarter ago," Woods said. "So these stocks are in the penalty box for now. And you're not going to get a nice bang for your buck at these levels. It's going to take a little while for them to turn around." He said that the market is in a period of uncertainty after a tremendous run. "What do we do after we have a tremendous run?" he asked. "We digest those gains. We consolidate. I do not think we're on the verge of a bear market or recession, but there are some data points that have my antenna up. And if the data changes, if price changes, then I'll change my tune." Woods said that he is okay with a little pullback right now, and "I think we're going to be set up to have a strong fourth quarter and finish 2025 at or near all time highs."Stocks and Markets Podcast: Strategist gives tips on what to watch for in August first appeared on TheStreet on Aug 9, 2025 This story was originally reported by TheStreet on Aug 9, 2025, where it first appeared. 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
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Quavo's AI-Powered Platform Grabs $300M To Combat Mounting Financial Fraud
Fraud and dispute management provider Quavo has secured $300 million from private investment firm Spectrum Equity. At the same time, prior investor FINTOP Capital is selling its stake. Significant shareholders after the departure will include Pegasystems and four executives who founded the company. The Wilmington, Delaware fintech sells software-as-a-service products that "automate and manage fraud and dispute management for financial institutions." According to the company, it processes over 12.5 million customer disputes annually for a broad spectrum of financial institutions, including global issuers, credit unions and regional banks, and says its revenue has grown 60% annually since 2022 and 100% in the last year. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— The capital infusion follows an initial seed round in 2020 and three Series A rounds between 2021 and 2023, totaling $11 million. Actual cash raised in the seed round was not undisclosed. "Quavo is uniquely positioned to drive automation benefits and better outcomes in this space," said Spectrum Equity Managing Director Adam Margolin. "Quavo's highly configurable platform, scaled transaction data powering its decisioning engine, and mission-driven approach to solving costly and time-consuming problems for its clients set the company apart." Quavo's QFD automates the investigation of credit card chargebacks and other conflicts through the dispute lifecycle, from intake and investigation to chargeback and client communication workflows. KeyCorp (NYSE:KEY) is listed as one of Quavo's more than 50 direct customers, along with Associated Banc-Corp (NYSE:ASB) and First Hawaiian Bank (NYSE:FHB). Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can The company says its software works across all payment methods and dispute types, offering "easy customization through a decisioning engine and library of third-party API" add-ons. The company also markets a fully managed service called Dispute Resolution Experts, staffed by a team of fraud specialists. This program allows greater flexibility for clients, at a higher cost, while also applying QFD technology for fraud and dispute resolution. "We are thrilled to be partnering with Spectrum Equity on the next chapter of growth," said Quavo cofounder and CEO Joseph McLean, who started the company in 2016. He added the investment will be used to "accelerate our AI-led product development initiatives and expand our go-to-market and client success teams to meet growing market demand and drive exceptional client outcomes." Quavo says it is leveraging advanced AI to tackle rising fraud threats in 2025 and breaks down this initiative into four related projects: Using investigative AI to detect differences between first-part fraud and true fraud. Streamlining complex and repetitive processes using large language models. Automating tasks like accountholder correspondence and the evidence that merchants need to provide when disputing a chargeback. Enhancing call center intake that's powered by generative says its tech automates approximately 80% of the tasks and interactions typically undertaken by clients in a customer dispute while recapturing 85% of "potentially lost disputed funds." It says clients benefit from improved outcomes, posting an average 37% reduction in write-offs, while reducing days to issue consumer credit dropping to less than one from 11. "Our vision to restore financial trust and simplify fraud and disputes is unwavering, concludes McLean, "and this partnership allows us to achieve these goals faster and at even greater scale." Read Next: $100k+ in investable assets? – no cost, no obligation. Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Quavo's AI-Powered Platform Grabs $300M To Combat Mounting Financial Fraud originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
