logo
LGI Homes Debuts New CompleteHome™ Plus Section at Star Valley in Tucson, AZ

LGI Homes Debuts New CompleteHome™ Plus Section at Star Valley in Tucson, AZ

Business Upturn31-05-2025
TUCSON, Ariz., May 30, 2025 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) is proud to announce the grand opening of a brand-new section at Star Valley, a popular neighborhood southwest of Tucson, Arizona. This expansion introduces the CompleteHome™ Plus package by LGI Homes to the Tucson area for the first time.
The new section at Star Valley offers 126 homesites and features four brand-new floor plans, starting in the $360s. With the addition of the CompleteHome Plus™ lineup, LGI Homes is now offering an even wider range of homes to meet the needs of Tucson buyers seeking affordability with high-end design and premier finishes.
'We are extremely excited to introduce our CompleteHome Plus™ product in the Tucson market for the first time,' stated Dallas Murphy, Vice President of Operations for Arizona. 'This new section allows us to introduce four brand-new floor plans with elevated features such as 9-foot ceilings, upgraded wood cabinetry, beautiful quartz countertops, and luxury flooring, as well as new modern exterior elevations. It's the perfect combination of value, style and quality our customers are looking for.'
New Floor Plans Available at Star Valley: The Bisbee: Single-story charm with 3 bedrooms, 2 bathrooms, and an open-concept layout that maximizes every square foot.
Single-story charm with 3 bedrooms, 2 bathrooms, and an open-concept layout that maximizes every square foot. The Payson: Spacious and stylish home with a large living area, chef-ready kitchen, and secluded master retreat.
Spacious and stylish home with a large living area, chef-ready kitchen, and secluded master retreat. The Wellton : Beautiful two-story home featuring a flexible loft space, extra downstairs bedroom, and an expansive layout perfect for growing families.
: Beautiful two-story home featuring a flexible loft space, extra downstairs bedroom, and an expansive layout perfect for growing families. The Somerton: Thoughtfully designed two-story home with an open floor plan, upstairs loft, and a spacious covered patio.
Each home is thoughtfully designed with modern finishes and elevated details. The kitchen showcases 42' wood cabinetry with crown molding, quartz countertops, a Whirlpool® self-clean gas range, a side-by-side refrigerator with an automatic ice maker and water dispenser, a stainless-steel undermount sink, Moen® faucets, and more. Interior features include 9-foot ceilings, luxury vinyl plank flooring in the main living areas, 2' faux wood blinds on select windows, ceiling fans with light kits in the family room and primary bedroom, matte black hardware on faucets and door handles, undermount bathroom sinks, and tiled shower surrounds. Smart-home enhancements such as Honeywell programmable thermostats and Wi-Fi-enabled LiftMaster® garage door openers add modern convenience. Exterior highlights include professionally designed desert landscaping and garage doors with sleek window accents.
Located within a premier master-planned community known for its outstanding amenities, residents at Star Valley enjoy access to two fenced dog parks, a basketball court, barbecue grills, ramadas, walking trails and more. Designed to support an active and family-friendly lifestyle, this neighborhood offers everything buyers are looking for in a new home.
LGI Homes will open the new section on Saturday, May 31, 2025 at Star Valley, featuring exclusive one day only discounts and incentives. For more information or to schedule a tour of the community, contact the Star Valley team at (855) 253-9683 ext. 977 or visit LGIHomes.com/StarValley.
About LGI Homes
Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America's fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek's list of the World's Most Trustworthy Companies. LGI Homes' commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2025 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company's website at www.lgihomes.com.
MEDIA CONTACT:Rachel Eaton
(281) 362-8998 ext. 2560
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Intuitive Machines Stock Tumbles After Company Prices $300M Convertibles
Intuitive Machines Stock Tumbles After Company Prices $300M Convertibles

Yahoo

time7 minutes ago

  • Yahoo

Intuitive Machines Stock Tumbles After Company Prices $300M Convertibles

Aug 14 - Shares of Intuitive Machines (NASDAQ:LUNR) fell about 10% in premarket trading on Thursday after the space-tech firm priced an upsized $300 million offering of 2.500% convertible senior notes due 2030. The deal jumped from an originally announced $250 million size and gives initial purchasers a 13-day window to buy an extra $45 million. The offering should close on Aug. 18, 2025. Warning! GuruFocus has detected 5 Warning Signs with LUNR. The notes carry a 2.500% annual coupon, payable semiannually each April 1 and Oct. 1 starting April 1, 2026. Intuitive Machines estimates net proceeds near $291.8 million after fees; roughly $32 million will cover capped-call hedges and the balance will fund general corporate purposes, including program advancement and runway support. Convertibles allow the companies to borrow at low rates now and leave optional deferred upside in the form of conversion to equity later, that structure has the effect of reducing immediate interest expense but causing possible share dilution in the future. This negative response by the market could have been prompted by an investor fear of dilution and timeframe as the company continues to achieve the next milestones. As the cash runway tightens on many small-space players, this capital raise could give Intuitive Machines some form of breathing room, with investors noting how the management intends to use it, whether important mission milestones play out, and how conversion mechanics could alter the number of shares in the period preceding 2030. This article first appeared on GuruFocus.

Automotive Wiring Harness Market to Reach US$118.07 Billion by 2033
Automotive Wiring Harness Market to Reach US$118.07 Billion by 2033

Yahoo

time7 minutes ago

  • Yahoo

Automotive Wiring Harness Market to Reach US$118.07 Billion by 2033

Fueled by surging BEV production and complex ADAS integration, the market confronts escalating wiring complexity. This is driving a pivotal shift towards component miniaturization, lightweight aluminum wires, and advanced zonal architectures to manage vehicle weight. Chicago, Aug. 14, 2025 (GLOBE NEWSWIRE) -- The global automotive wiring harness market was valued at US$ 70.48 billion in 2024 and is projected to reach US$ 118.07 billion by 2033, growing at a CAGR of 5.9% during the forecast period 2025–2033. Switch Auto Insurance and Save Today! The Insurance Savings You Expect Great Rates and Award-Winning Service Affordable Auto Insurance, Customized for You The sheer physical scale of wiring harnesses is a primary indicator of the explosive growth in vehicle electronic content. In 2024, the total length of wires in a single high-end passenger vehicle can now reach up to a staggering 5,000 meters, a testament to the ever-increasing number of features and functions. This complexity directly impacts vehicle weight and assembly; the total weight of the wiring harness assembly in some 2024 luxury SUVs can exceed 60 kilograms. The intricacy is not just in length but in connectivity. Request Sample Pages: A typical 2025 vehicle is projected to have over 4,000 individual connection points within its electrical system, creating immense design and manufacturing challenges. The number of separate circuits within a single, complex 2024 vehicle harness can surpass 2,000, each requiring precise routing and protection. By 2025, it is projected that a single vehicle will contain more than 1,500 individual copper wires, while the main chassis harness for a 2024 light-duty truck can contain over 300 distinct electrical channels. This profound escalation in physical metrics underscores a fundamental shift in the automotive wiring harness market, demanding more sophisticated design tools and manufacturing processes. Key Findings in Automotive Wiring Harness Market Market Forecast (2033) US$ 118.07 billion CAGR 5.9% Largest Region (2024) Asia Pacific (47%) By Component Terminals (42%) By Application Chassis Harness (35%) By Electric Vehicle Battery Electric Vehicle (BEV) (68%) Top Drivers Increasing vehicle electrification and adoption of advanced driver-assistance systems. Rising consumer demand for in-vehicle infotainment and connectivity features. Stringent government regulations mandating advanced vehicle safety and emissions tech Top Trends Miniaturizing components like terminals and wires to reduce vehicle weight. Adopting aluminum and optical fiber over traditional copper wiring systems. Shift towards zonal architectures to simplify complexity and data flow. Top Challenges Managing increasing complexity and weight of the wiring harness system. Volatility in raw material prices, especially for copper and plastics. Ensuring signal integrity and mitigating electromagnetic interference in complex systems. Electric Vehicle Surge Creates Unprecedented Demand and Architectural Transformation The global pivot to electric mobility is the single most powerful catalyst reshaping the automotive wiring harness market. The electrical architecture of a Battery Electric Vehicle (BEV) is fundamentally different and vastly more demanding. A 2024 BEV, for instance, requires up to 2,000 additional wiring connections compared to a similar internal combustion engine (ICE) vehicle. This translates directly to increased material and installation complexity. The total length of wiring in a 2025 BEV can be up to 1,000 meters longer than in a comparable 2025 ICE model. Consequently, the weight of the wiring harness in a typical 2024 BEV is now between 70 and 80 kilograms. Specific sub-systems also see a dramatic increase in complexity; a dedicated Battery Management System (BMS) harness in a 2025 EV model can have over 100 sensor connections to monitor cell health. Furthermore, the main battery pack harness for a 2024 EV model must manage and route more than 250 individual cell monitoring wires. To support user convenience, by 2025, EV harnesses will need to accommodate on-board chargers with a power rating of 22 kilowatts for faster home charging. High-Voltage Systems Evolution Is Redefining Power Delivery and Safety Standards Within the EV space of the automotive wiring harness market, the push towards higher voltage architectures is creating a specialized and high-stakes segment. High-voltage harnesses in 2024 EV models are already being designed to handle continuous currents exceeding 300 amps, a significant engineering feat. The next frontier is already here, as next-generation 800-volt EV platforms, becoming more common in 2025, will require harnesses capable of handling up to 1,000 volts. This directly influences cable design, where the cross-sectional area of the main high-voltage cables in a 2024 performance EV can be as large as 95 square millimeters. However, this shift also brings benefits; a typical 2025 800-volt system allows for a reduction in cable weight of up to 10 kilograms compared to an equivalent 400-volt system. Safety remains paramount, with a 2024 EV high-voltage junction box (HVJB) now being designed with at least 6 integrated safety interlocks. Rigorous testing protocols are evolving, as high-voltage harnesses for 2025 models must pass insulation resistance tests at over 5,000 volts. How ADAS and Autonomous Driving Are Driving Exponential Harness Complexity The parallel trend of increasing vehicle intelligence is placing immense pressure on the automotive wiring harness market. Advanced Driver-Assistance Systems (ADAS) and the pursuit of autonomy necessitate a massive increase in sensor suites and processing power, all interconnected by the harness. A 2024 vehicle equipped with Level 2+ ADAS requires at least 15 additional dedicated sensor harnesses compared to a base model. At the heart of this system, the central ADAS control module in a 2025 vehicle will require a harness with over 200 input and output pins. The requirements for higher levels of autonomy are even more stringent. A single forward-facing LiDAR sensor, which will be mandatory for certain Level 3 autonomy systems in 2025, requires a harness with at least 8 dedicated wires for power and high-speed data. Today, the total number of ultrasonic sensors requiring dedicated harnesses on a 2024 premium vehicle is already 12. Looking ahead, by 2025, harnesses for autonomous compute platforms must support a power draw of over 2,500 watts. Even established technologies like a surround-view camera system in a 2024 vehicle add more than 20 meters of shielded coaxial cable to the harness assembly. The Harness as a High-Speed Data Backbone for Connected Vehicles Modern vehicles are data centers on wheels, and the wiring harness serves as the physical network layer. This role is pushing the automotive wiring harness market into the realm of high-speed data communications. Zonal architectures, a key trend for 2025 model year vehicles, will rely on harnesses supporting 10 gigabits per second (Gbps) automotive Ethernet speeds to handle the immense data flow. A 2024 premium vehicle's infotainment system already requires a harness that can handle a combined data throughput of over 25 Gbps. The number of nodes on a 2024 vehicle's Controller Area Network (CAN) bus often exceeds 80, all physically linked by the harness. By 2025, high-end vehicles will feature harnesses with more than 12 dedicated, multi-gigabit Ethernet channels, a number unthinkable just a few years ago. To power the processors handling this data, the harness for the central computer unit in a 2025 software-defined vehicle must be capable of delivering over 1,000 watts of stable power. Advanced Material Innovation and Lightweighting Strategies Redefine Harness Composition To counteract the weight penalties of increased complexity, material science has become central to harness design. By 2025, the use of aluminum wiring is expected to save up to 15 kilograms of weight in a standard passenger vehicle compared to a full copper harness. The benefits are even more pronounced in larger vehicles; a 2024 wiring harness utilizing aluminum conductors can reduce the overall harness weight by up to 20 kilograms in a commercial truck. Beyond simple replacement, new alloys are emerging in the automotive wiring harness market. For 2025 models, manufacturers are testing advanced copper-magnesium alloys that increase tensile strength by 25 newtons, allowing for thinner, lighter wires without sacrificing durability. Insulation materials are also evolving, with new high-temperature silicone insulators for 2024 HV cables now rated to operate continuously at 200 degrees Celsius. The use of fiber optic cables in 2025 infotainment systems can reduce the weight of that specific harness section by a notable 2 kilograms. Connector and Component Miniaturization Enables Denser, More Efficient Packaging As the number of wires grows, the space to accommodate them does not. This has ignited a race for miniaturization in connector technology in the automotive wiring harness market. The pitch, or distance between pins, in a standard 2024 automotive connector has been successfully reduced to just 0.5 millimeters, enabling much denser connections. This trend is accelerating; by 2025, new nano-miniature connectors will be introduced, reducing the connector footprint by an additional 0.2 millimeters. As a result, a single 2024 ECU connector can now house over 120 individual terminals in a space smaller than 5 square centimeters. Durability is also a key focus, with advanced "wire-to-board" connectors for 2025 being designed to withstand over 3,000 mating cycles. To aid manufacturing and service, the insertion force required to connect a 100-pin harness connector in 2024 has been reduced to under 75 newtons, improving ergonomics and reducing the risk of damage. Manufacturing and Supply Chain Dynamics for the Automotive Wiring Harness Market The immense complexity and labor-intensive nature of harness assembly are forcing a strategic evolution in manufacturing and supply chain logistics in the automotive wiring harness market. Automation is key, as an automated harness assembly machine in a 2024 factory can now perform over 1,800 wire cuts and crimps per hour. To meet soaring regional demand, major harness manufacturers will install over 500 new production robots in their Mexican facilities during 2024 alone to serve the North American market. Similarly, for 2025, major suppliers are establishing at least 3 new production plants in Eastern Europe to shorten supply chains to German automakers. Despite these advancements, complexity dictates timelines; the average production lead time for a complex, custom vehicle harness in 2024 remains at 12 weeks. Quality control is becoming highly automated, with a 2024 quality control system now able to optically inspect over 500 connector pin positions in under 60 seconds, a crucial step in ensuring the reliability of the automotive wiring harness market's output. Customize the Data Scope to Match Your Objectives: Zonal Architectures and Commercial Vehicles Present New Specialized Market Frontiers Two distinct areas are creating new frontiers for the market: commercial vehicles and the revolutionary shift to zonal architectures. The main harness on a 2024 Class 8 electric truck can weigh over 120 kilograms, while a 2025 model year electric bus requires a harness with over 50 meters of high-voltage cable. These vehicles also have unique connectivity needs; the wiring harness for a 2024 commercial truck's telematics system is designed to have at least 5 separate network connections. Durability is paramount, and connectors used in 2024 heavy-duty truck harnesses are required to meet IP69K ratings, signifying protection against high-pressure water jets, while the chassis harness on a 2025 construction vehicle is designed to operate in temperatures as low as -40 degrees Celsius. Simultaneously, the adoption of zonal E/E architecture is set to completely redesign the harness itself in the automotive wiring harness market. A 2025 vehicle with a zonal architecture can eliminate up to 1,000 meters of redundant wiring. Instead of a single massive harness, a zonal architecture in a 2024 vehicle uses 4 to 6 smaller, localized harnesses or "zone controllers." This breakthrough approach reduces the number of connections to the main compute unit from over 1,000 to fewer than 100 in 2025 models. The benefits are substantial: the weight of the total electrical distribution system can be cut by 15 kilograms in a 2025 vehicle using a zonal design. This architecture also streamlines power distribution, as the number of large, central fuse boxes is reduced from 3 to 1 in a 2024 vehicle with a zonal layout. Ultimately, this approach consolidates over 30 individual ECUs from a 2023 design into just 3 or 4 in a 2025 model, marking the next great leap in the evolution of automotive electrical systems. Automotive Wiring Harness Market Major Players: Delphi Automotive LLP Fujikura Ltd. Furukawa Electric Co. Ltd Lear Corporation Leoni Ag NexansAutoelectric PKC Group QINGDAO SANYUAN GROUP SamvardhanaMotherson Group SPARK MINDA Sumitomo Electric Industries, Ltd. THB Group Yazaki Corporation Yura Corporation Other Prominent Players Key Market Segmentation: By Component Electric Wires Connectors Terminals Others By Application Body Harness Chassis Harness Engine Harness HVAC Harness Sensors Harness By Electric Vehicle Battery Electric Vehicle (BEV) Plug-in Hybrid Electric Vehicle (PHEV) By Vehicle Light Vehicle Heavy Vehicle By Region North America Europe Asia Pacific Middle East & Africa South America Want Clarity on Report Coverage? Schedule a Quick Demo Call: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Stock market today: Dow, S&P 500, Nasdaq wobble after PPI inflation comes in much hotter than expected
Stock market today: Dow, S&P 500, Nasdaq wobble after PPI inflation comes in much hotter than expected

Yahoo

time7 minutes ago

  • Yahoo

Stock market today: Dow, S&P 500, Nasdaq wobble after PPI inflation comes in much hotter than expected

US stocks were mixed on Thursday as Wall Street digested a much hotter-than-expected PPI inflation print, souring optimism around a large September rate cut. The major gauges pared initial losses Thursday morning, with Dow Jones Industrial Average (^DJI) down 0.1% and the benchmark S&P 500 (^GSPC) rising 0.1%. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) rose roughly 0.2%. July's Producer Price Index (PPI) came in much hotter than expected, with month-over-month prices rising 0.9% compared to expectations of 0.2%. On an annual basis, prices rose 3.3%, the most since February. "Core" producer prices, which strip out the cost of food and energy, saw the largest increase in three years. The inflation shock looked set to sap the enthusiasm of a roaring market this week. Stocks extended their rally Wednesday, pushing the S&P 500 and Nasdaq to consecutive record highs. Bitcoin got a boost from mounting rate-cut bets, too, reaching a new record high Wednesday evening before scaling back on those gains. Euphoria over a possible September rate cut had swept Wall Street over the past two sessions after July's Consumer Price Index report showed inflation rose as expected, but not dramatically. Traders had fully priced in a rate cut at the Fed's next meeting, even as some Fed policymakers continue to urge patience. On Thursday morning, investors had once again shifted some bets to a rate hold next month. Friday's retail sales reading will serve as this week's final economic data point. In corporate news, cryptocurrency exchange operator Bullish (BLSH) rose over 7% on Thursday, hovering around $75, more than double its IPO price of $37. stock continues freefall after 'brutal' preliminary financial results stock sank 3.5% Thursday, putting shares down more than 20% over the past five trading sessions. The AI software company's shares have suffered since releasing preliminary results for the first quarter of its fiscal year 2026, which ended July 31. The company estimated last Friday that it will see a quarterly loss of $57.7 million to $57.9 million on revenue in the range of $70.2 million to $70.4 million. C3 will report its full results on Sept. 3. Its preliminary results were "well below" consensus estimates on Wall Street and the company's previous guidance for a loss of $23.5 million to $33.5 million on revenue of $100 million to $109 million, JPMorgan analyst Brian Essex wrote in a note to clients Monday. C3 has been mired in controversy over the last several years. In 2022, investors sued the company and its founder and former CEO, Tom Siebel, for misrepresenting the size of a sales team related to its largest partnership with energy company Baker Hughes (BKR). In 2023, short-selling firm Spruce Point Management alleged the company showed "signs of problematic financial reporting and accounting." Then last month, Siebel stepped down from the role of CEO due to an autoimmune disease diagnosis. Since C3 released its preliminary results last Friday, four investment firms, including Oppenheimer and DA Davidson, have downgraded C3 stock to Market Perform and Sell ratings. Wedbush maintained its Outperform rating on the stock but lowered its price target to $23 from $35. "This was a brutal quarter and if C3 cannot turn this around darker days could be ahead," Dan Ives wrote in a note to clients Monday. America's favorite office lunch spots are having a challenging summer Yahoo Finance's Brooke DiPalma reports: Read more here. Stocks fall at the open after latest inflation data shows rising producer prices US stocks sank Thursday at the market open, after the latest Producer Price Index reading showed wholesale inflation climbing much more than expected — a negative sign for hopes of a Fed rate cut in September. The Dow Jones Industrial Average (^DJI) sank more than 0.4%, while the benchmark S&P 500 (^GSPC) fell over 0.3%. The tech-heavy Nasdaq Composite (^IXIC) lost 0.25%. Wholesale inflation rises more than expected in July The Producer Price Index — a measure of wholesale inflation that tracks changes in the selling prices of US producers of goods and services — rose 0.9% in July, the US Bureau of Labor Statistics reported Thursday, more than the 0.2% expected by analysts surveyed by Bloomberg. That was the biggest jump since June 2022. That's after the PPI was unchanged in June and advanced a more modest 0.4% in May. Driving the increase in July was a rise in prices for final demand services, or services sold by businesses, which climbed 1.1% — the largest jump since March 2022. Producers also saw higher prices of raw materials businesses use to make other products, which rose 1.8%, led by a jump in prices for food and animal feed (in particular, the price of raw milk soared 9.1%). Still, that was smaller than the 2.6% rise in June. Read more here. September rate hold? Investors say it's (sort of) back on the table Thursday's hot PPI reading has shifted bets on the Fed's next move a bit. According to the CME Group's FedWatch tool, a cut is no longer fully priced in. Yesterday's odds: Today's odds (as of 9 a.m. ET): So the bets on a jumbo cut have in effect switched places with holding steady. Trending tickers in premarket trading: Bullish, Deere, Cisco Here's a look at the top stocks trending on Yahoo Finance this morning: Bullish (BLSH): The cryptocurrency exchange operator's stock rose 5% in premarket trading after it posted an 83% gain in its first day of trading. The stock saw gains as high as 215% on Wednesday after it opened for trade at $90. You can read more about the Bullish IPO here. (JD): Shares were up 0.2% after the Chinese e-commerce company reported that net income fell by more than 50% year over year amid new investments into the competitive food delivery space in China. Revenue of 356.66 billion yuan ($49.73 billion) beat estimates, however. Deere (DE): Shares of the farm equipment maker fell 5% as quarterly sales fell 9% from a year ago. Deere also narrowed its full-year profit forecast, and profits for the third quarter came in lighter than expected. Cisco (CSCO): The networking giant reported earnings that barely beat estimates and results that showed Cisco benefiting from a boom in AI demand. Still, the stock dropped 1.6% in premarket trading. Check out live coverage of corporate earnings here. Bitcoin, ethereum trade near record highs as Wall Street grows bullish on crypto Bitcoin (BTC-USD) saw modest gains to trade at $120,807 on Thursday morning, but the crypto was about 2% off its record high of $123,500 on Wednesday. As Yahoo Finance's Ines Ferré detailed, inflows into spot exchange-traded funds and public companies adding bitcoin to their balance sheets have been key drivers of this year's token rally. Strategists also point to the Trump administration's pro-crypto stance as a major catalyst. Meanwhile, ethereum (ETH-USD) prices traded near record levels, climbing 0.5% on Thursday morning to $4,722 per token, just shy of its 2021 record level of around $4,800. "We have stated multiple times we believe Ethereum is the biggest macro trade over the next 10-15 years," Fundstrat head of research Tom Lee wrote in a note on Wednesday. Stocks may be at all-time highs, but speculative froth isn't Yahoo Finance's Hamza Shaban reports: Read more here. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week ending Aug. 9); Producer Price Index, (July); Earnings: (JD), Deere & Company (DE), Advanced Auto Parts (AAP), Birkenstock (BIRK), Applied Materials (AMAT), Nucor (NUE) Here are some of the biggest stories you may have missed overnight and early this morning: These stock market all-time highs aren't quite frothy 117-year high at busiest port in the US Earnings: Foxconn beats on AI demand, Deere profit falls Bullish stock tops $75 after strong IPO debut US oil producers say OPEC+ 'price war' will halt shale boom Rate cut next month doesn't seem warranted: Fed's Daly Trump's Treasury set to decide fate of of wind, solar projects Trump-fueled crypto frenzy sparks rush to Wall Street IPOs 'Tesla shame' bypasses Norway as sales jump despite Musk's politics Amazon grocery push stocks still in focus When Amazon (AMZN) goes big on something, usually the stock prices of its competitors get beaten up. The latest example came on Wednesday Amazon announced plans to expand its 1,000-city fresh and perishable same-day grocery delivery to 2,300 cities by year-end. This is a huge deal for the grocery industry. Albertson's (ACI) and Kroger (KR) — aka traditional grocers — saw their share prices fall. I think this is a big deal for the industry and for Amazon. The impact of Amazon's move won't be felt overnight, but just like the company's impact on department stores in recent years, the aftershocks will be felt over time. Evercore ISI analyst Michael Montani with some good thoughts this morning: I don't hate this Cisco quarter Cisco (CSCO) is always a tricky play around its earnings report. The company isn't a fast grower, and what the Street focuses on tends to shift from quarter to quarter. Sometimes it's profit margins, sometimes it's product orders, sometimes it's the outlook. Going through the latest, I don't hate the quarter and outlook. Gross margins were up across the board, and the AI narrative and numbers were solid as well. There was some weakness in the security business, as expected, but the demand drivers out there suggest new full-year guidance could be conservative. "We think investors should look past Public Sector weakness, which likely hurt Security growth, given the opportunity around Hyperscaler/Enterprise AI, Neoclouds, and Sovereign could quickly offset the weakness. We continue to like Cisco for these drivers of growth, and when paired with a mix shift toward software/subscription over time, healthy free cash flow growth, and shareholder returns, we believe a premium to historical valuations is warranted," KeyBanc analyst Brandon Nispel said. I am live on Opening Bid today around 9:40 a.m. ET with Cisco's new CFO Mark Patterson. So we'll get to pull apart the numbers and guidance further! Bullish stock rises to $75 after IPO debut Yahoo Finance's breaking news reporter Jake Conley looks into the Bullish (BLSH) stock market debut. Cryptocurrency exchange operator Bullish (BLSH) rose 8% on Thursday before the bell, reaching $75, doubling its IPO price of $37 and valuing the company at more than $10 billion. Still, this marked around a 16% drop from where the stock opened for trade. Bullish stock opened for trade at $90 near 1:00 p.m. ET on Wednesday, and the stock traded hands as high as $118 per share shortly after, a more than 215% gain. The stock was halted for trade due to volatility at least twice within the first few minutes of trading. The company, which operates a crypto exchange and owns the prominent trade publication CoinDesk, priced its IPO at $37 per share on Tuesday, above the $32 to $33 range the company had expected in its second shot at making a public market debut. Bullish began its IPO processes looking for a price between $28 to $31 per share. At 30 million shares offered, the IPO price saw Bullish raise $1.1 billion and value the fintech company at $5.41 billion. Bullish first attempted to go public via a SPAC merger in 2021 that would have valued the company at $9 billion, but the deal fell through after regulatory scrutiny and Bullish withdrew its registration. Read more here Nvidia partner Foxconn profit jumps after AI spending rises Foxconn, also known as Hon Hai Precision Industry Co., ( HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit. Reuters reports: Read more here. stock continues freefall after 'brutal' preliminary financial results stock sank 3.5% Thursday, putting shares down more than 20% over the past five trading sessions. The AI software company's shares have suffered since releasing preliminary results for the first quarter of its fiscal year 2026, which ended July 31. The company estimated last Friday that it will see a quarterly loss of $57.7 million to $57.9 million on revenue in the range of $70.2 million to $70.4 million. C3 will report its full results on Sept. 3. Its preliminary results were "well below" consensus estimates on Wall Street and the company's previous guidance for a loss of $23.5 million to $33.5 million on revenue of $100 million to $109 million, JPMorgan analyst Brian Essex wrote in a note to clients Monday. C3 has been mired in controversy over the last several years. In 2022, investors sued the company and its founder and former CEO, Tom Siebel, for misrepresenting the size of a sales team related to its largest partnership with energy company Baker Hughes (BKR). In 2023, short-selling firm Spruce Point Management alleged the company showed "signs of problematic financial reporting and accounting." Then last month, Siebel stepped down from the role of CEO due to an autoimmune disease diagnosis. Since C3 released its preliminary results last Friday, four investment firms, including Oppenheimer and DA Davidson, have downgraded C3 stock to Market Perform and Sell ratings. Wedbush maintained its Outperform rating on the stock but lowered its price target to $23 from $35. "This was a brutal quarter and if C3 cannot turn this around darker days could be ahead," Dan Ives wrote in a note to clients Monday. stock sank 3.5% Thursday, putting shares down more than 20% over the past five trading sessions. The AI software company's shares have suffered since releasing preliminary results for the first quarter of its fiscal year 2026, which ended July 31. The company estimated last Friday that it will see a quarterly loss of $57.7 million to $57.9 million on revenue in the range of $70.2 million to $70.4 million. C3 will report its full results on Sept. 3. Its preliminary results were "well below" consensus estimates on Wall Street and the company's previous guidance for a loss of $23.5 million to $33.5 million on revenue of $100 million to $109 million, JPMorgan analyst Brian Essex wrote in a note to clients Monday. C3 has been mired in controversy over the last several years. In 2022, investors sued the company and its founder and former CEO, Tom Siebel, for misrepresenting the size of a sales team related to its largest partnership with energy company Baker Hughes (BKR). In 2023, short-selling firm Spruce Point Management alleged the company showed "signs of problematic financial reporting and accounting." Then last month, Siebel stepped down from the role of CEO due to an autoimmune disease diagnosis. Since C3 released its preliminary results last Friday, four investment firms, including Oppenheimer and DA Davidson, have downgraded C3 stock to Market Perform and Sell ratings. Wedbush maintained its Outperform rating on the stock but lowered its price target to $23 from $35. "This was a brutal quarter and if C3 cannot turn this around darker days could be ahead," Dan Ives wrote in a note to clients Monday. America's favorite office lunch spots are having a challenging summer Yahoo Finance's Brooke DiPalma reports: Read more here. Yahoo Finance's Brooke DiPalma reports: Read more here. Stocks fall at the open after latest inflation data shows rising producer prices US stocks sank Thursday at the market open, after the latest Producer Price Index reading showed wholesale inflation climbing much more than expected — a negative sign for hopes of a Fed rate cut in September. The Dow Jones Industrial Average (^DJI) sank more than 0.4%, while the benchmark S&P 500 (^GSPC) fell over 0.3%. The tech-heavy Nasdaq Composite (^IXIC) lost 0.25%. US stocks sank Thursday at the market open, after the latest Producer Price Index reading showed wholesale inflation climbing much more than expected — a negative sign for hopes of a Fed rate cut in September. The Dow Jones Industrial Average (^DJI) sank more than 0.4%, while the benchmark S&P 500 (^GSPC) fell over 0.3%. The tech-heavy Nasdaq Composite (^IXIC) lost 0.25%. Wholesale inflation rises more than expected in July The Producer Price Index — a measure of wholesale inflation that tracks changes in the selling prices of US producers of goods and services — rose 0.9% in July, the US Bureau of Labor Statistics reported Thursday, more than the 0.2% expected by analysts surveyed by Bloomberg. That was the biggest jump since June 2022. That's after the PPI was unchanged in June and advanced a more modest 0.4% in May. Driving the increase in July was a rise in prices for final demand services, or services sold by businesses, which climbed 1.1% — the largest jump since March 2022. Producers also saw higher prices of raw materials businesses use to make other products, which rose 1.8%, led by a jump in prices for food and animal feed (in particular, the price of raw milk soared 9.1%). Still, that was smaller than the 2.6% rise in June. Read more here. The Producer Price Index — a measure of wholesale inflation that tracks changes in the selling prices of US producers of goods and services — rose 0.9% in July, the US Bureau of Labor Statistics reported Thursday, more than the 0.2% expected by analysts surveyed by Bloomberg. That was the biggest jump since June 2022. That's after the PPI was unchanged in June and advanced a more modest 0.4% in May. Driving the increase in July was a rise in prices for final demand services, or services sold by businesses, which climbed 1.1% — the largest jump since March 2022. Producers also saw higher prices of raw materials businesses use to make other products, which rose 1.8%, led by a jump in prices for food and animal feed (in particular, the price of raw milk soared 9.1%). Still, that was smaller than the 2.6% rise in June. Read more here. September rate hold? Investors say it's (sort of) back on the table Thursday's hot PPI reading has shifted bets on the Fed's next move a bit. According to the CME Group's FedWatch tool, a cut is no longer fully priced in. Yesterday's odds: Today's odds (as of 9 a.m. ET): So the bets on a jumbo cut have in effect switched places with holding steady. Thursday's hot PPI reading has shifted bets on the Fed's next move a bit. According to the CME Group's FedWatch tool, a cut is no longer fully priced in. Yesterday's odds: Today's odds (as of 9 a.m. ET): So the bets on a jumbo cut have in effect switched places with holding steady. Trending tickers in premarket trading: Bullish, Deere, Cisco Here's a look at the top stocks trending on Yahoo Finance this morning: Bullish (BLSH): The cryptocurrency exchange operator's stock rose 5% in premarket trading after it posted an 83% gain in its first day of trading. The stock saw gains as high as 215% on Wednesday after it opened for trade at $90. You can read more about the Bullish IPO here. (JD): Shares were up 0.2% after the Chinese e-commerce company reported that net income fell by more than 50% year over year amid new investments into the competitive food delivery space in China. Revenue of 356.66 billion yuan ($49.73 billion) beat estimates, however. Deere (DE): Shares of the farm equipment maker fell 5% as quarterly sales fell 9% from a year ago. Deere also narrowed its full-year profit forecast, and profits for the third quarter came in lighter than expected. Cisco (CSCO): The networking giant reported earnings that barely beat estimates and results that showed Cisco benefiting from a boom in AI demand. Still, the stock dropped 1.6% in premarket trading. Check out live coverage of corporate earnings here. Here's a look at the top stocks trending on Yahoo Finance this morning: Bullish (BLSH): The cryptocurrency exchange operator's stock rose 5% in premarket trading after it posted an 83% gain in its first day of trading. The stock saw gains as high as 215% on Wednesday after it opened for trade at $90. You can read more about the Bullish IPO here. (JD): Shares were up 0.2% after the Chinese e-commerce company reported that net income fell by more than 50% year over year amid new investments into the competitive food delivery space in China. Revenue of 356.66 billion yuan ($49.73 billion) beat estimates, however. Deere (DE): Shares of the farm equipment maker fell 5% as quarterly sales fell 9% from a year ago. Deere also narrowed its full-year profit forecast, and profits for the third quarter came in lighter than expected. Cisco (CSCO): The networking giant reported earnings that barely beat estimates and results that showed Cisco benefiting from a boom in AI demand. Still, the stock dropped 1.6% in premarket trading. Check out live coverage of corporate earnings here. Bitcoin, ethereum trade near record highs as Wall Street grows bullish on crypto Bitcoin (BTC-USD) saw modest gains to trade at $120,807 on Thursday morning, but the crypto was about 2% off its record high of $123,500 on Wednesday. As Yahoo Finance's Ines Ferré detailed, inflows into spot exchange-traded funds and public companies adding bitcoin to their balance sheets have been key drivers of this year's token rally. Strategists also point to the Trump administration's pro-crypto stance as a major catalyst. Meanwhile, ethereum (ETH-USD) prices traded near record levels, climbing 0.5% on Thursday morning to $4,722 per token, just shy of its 2021 record level of around $4,800. "We have stated multiple times we believe Ethereum is the biggest macro trade over the next 10-15 years," Fundstrat head of research Tom Lee wrote in a note on Wednesday. Bitcoin (BTC-USD) saw modest gains to trade at $120,807 on Thursday morning, but the crypto was about 2% off its record high of $123,500 on Wednesday. As Yahoo Finance's Ines Ferré detailed, inflows into spot exchange-traded funds and public companies adding bitcoin to their balance sheets have been key drivers of this year's token rally. Strategists also point to the Trump administration's pro-crypto stance as a major catalyst. Meanwhile, ethereum (ETH-USD) prices traded near record levels, climbing 0.5% on Thursday morning to $4,722 per token, just shy of its 2021 record level of around $4,800. "We have stated multiple times we believe Ethereum is the biggest macro trade over the next 10-15 years," Fundstrat head of research Tom Lee wrote in a note on Wednesday. Stocks may be at all-time highs, but speculative froth isn't Yahoo Finance's Hamza Shaban reports: Read more here. Yahoo Finance's Hamza Shaban reports: Read more here. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week ending Aug. 9); Producer Price Index, (July); Earnings: (JD), Deere & Company (DE), Advanced Auto Parts (AAP), Birkenstock (BIRK), Applied Materials (AMAT), Nucor (NUE) Here are some of the biggest stories you may have missed overnight and early this morning: These stock market all-time highs aren't quite frothy 117-year high at busiest port in the US Earnings: Foxconn beats on AI demand, Deere profit falls Bullish stock tops $75 after strong IPO debut US oil producers say OPEC+ 'price war' will halt shale boom Rate cut next month doesn't seem warranted: Fed's Daly Trump's Treasury set to decide fate of of wind, solar projects Trump-fueled crypto frenzy sparks rush to Wall Street IPOs 'Tesla shame' bypasses Norway as sales jump despite Musk's politics Economic data: Initial jobless claims (week ending Aug. 9); Producer Price Index, (July); Earnings: (JD), Deere & Company (DE), Advanced Auto Parts (AAP), Birkenstock (BIRK), Applied Materials (AMAT), Nucor (NUE) Here are some of the biggest stories you may have missed overnight and early this morning: These stock market all-time highs aren't quite frothy 117-year high at busiest port in the US Earnings: Foxconn beats on AI demand, Deere profit falls Bullish stock tops $75 after strong IPO debut US oil producers say OPEC+ 'price war' will halt shale boom Rate cut next month doesn't seem warranted: Fed's Daly Trump's Treasury set to decide fate of of wind, solar projects Trump-fueled crypto frenzy sparks rush to Wall Street IPOs 'Tesla shame' bypasses Norway as sales jump despite Musk's politics Amazon grocery push stocks still in focus When Amazon (AMZN) goes big on something, usually the stock prices of its competitors get beaten up. The latest example came on Wednesday Amazon announced plans to expand its 1,000-city fresh and perishable same-day grocery delivery to 2,300 cities by year-end. This is a huge deal for the grocery industry. Albertson's (ACI) and Kroger (KR) — aka traditional grocers — saw their share prices fall. I think this is a big deal for the industry and for Amazon. The impact of Amazon's move won't be felt overnight, but just like the company's impact on department stores in recent years, the aftershocks will be felt over time. Evercore ISI analyst Michael Montani with some good thoughts this morning: When Amazon (AMZN) goes big on something, usually the stock prices of its competitors get beaten up. The latest example came on Wednesday Amazon announced plans to expand its 1,000-city fresh and perishable same-day grocery delivery to 2,300 cities by year-end. This is a huge deal for the grocery industry. Albertson's (ACI) and Kroger (KR) — aka traditional grocers — saw their share prices fall. I think this is a big deal for the industry and for Amazon. The impact of Amazon's move won't be felt overnight, but just like the company's impact on department stores in recent years, the aftershocks will be felt over time. Evercore ISI analyst Michael Montani with some good thoughts this morning: I don't hate this Cisco quarter Cisco (CSCO) is always a tricky play around its earnings report. The company isn't a fast grower, and what the Street focuses on tends to shift from quarter to quarter. Sometimes it's profit margins, sometimes it's product orders, sometimes it's the outlook. Going through the latest, I don't hate the quarter and outlook. Gross margins were up across the board, and the AI narrative and numbers were solid as well. There was some weakness in the security business, as expected, but the demand drivers out there suggest new full-year guidance could be conservative. "We think investors should look past Public Sector weakness, which likely hurt Security growth, given the opportunity around Hyperscaler/Enterprise AI, Neoclouds, and Sovereign could quickly offset the weakness. We continue to like Cisco for these drivers of growth, and when paired with a mix shift toward software/subscription over time, healthy free cash flow growth, and shareholder returns, we believe a premium to historical valuations is warranted," KeyBanc analyst Brandon Nispel said. I am live on Opening Bid today around 9:40 a.m. ET with Cisco's new CFO Mark Patterson. So we'll get to pull apart the numbers and guidance further! Cisco (CSCO) is always a tricky play around its earnings report. The company isn't a fast grower, and what the Street focuses on tends to shift from quarter to quarter. Sometimes it's profit margins, sometimes it's product orders, sometimes it's the outlook. Going through the latest, I don't hate the quarter and outlook. Gross margins were up across the board, and the AI narrative and numbers were solid as well. There was some weakness in the security business, as expected, but the demand drivers out there suggest new full-year guidance could be conservative. "We think investors should look past Public Sector weakness, which likely hurt Security growth, given the opportunity around Hyperscaler/Enterprise AI, Neoclouds, and Sovereign could quickly offset the weakness. We continue to like Cisco for these drivers of growth, and when paired with a mix shift toward software/subscription over time, healthy free cash flow growth, and shareholder returns, we believe a premium to historical valuations is warranted," KeyBanc analyst Brandon Nispel said. I am live on Opening Bid today around 9:40 a.m. ET with Cisco's new CFO Mark Patterson. So we'll get to pull apart the numbers and guidance further! Bullish stock rises to $75 after IPO debut Yahoo Finance's breaking news reporter Jake Conley looks into the Bullish (BLSH) stock market debut. Cryptocurrency exchange operator Bullish (BLSH) rose 8% on Thursday before the bell, reaching $75, doubling its IPO price of $37 and valuing the company at more than $10 billion. Still, this marked around a 16% drop from where the stock opened for trade. Bullish stock opened for trade at $90 near 1:00 p.m. ET on Wednesday, and the stock traded hands as high as $118 per share shortly after, a more than 215% gain. The stock was halted for trade due to volatility at least twice within the first few minutes of trading. The company, which operates a crypto exchange and owns the prominent trade publication CoinDesk, priced its IPO at $37 per share on Tuesday, above the $32 to $33 range the company had expected in its second shot at making a public market debut. Bullish began its IPO processes looking for a price between $28 to $31 per share. At 30 million shares offered, the IPO price saw Bullish raise $1.1 billion and value the fintech company at $5.41 billion. Bullish first attempted to go public via a SPAC merger in 2021 that would have valued the company at $9 billion, but the deal fell through after regulatory scrutiny and Bullish withdrew its registration. Read more here Yahoo Finance's breaking news reporter Jake Conley looks into the Bullish (BLSH) stock market debut. Cryptocurrency exchange operator Bullish (BLSH) rose 8% on Thursday before the bell, reaching $75, doubling its IPO price of $37 and valuing the company at more than $10 billion. Still, this marked around a 16% drop from where the stock opened for trade. Bullish stock opened for trade at $90 near 1:00 p.m. ET on Wednesday, and the stock traded hands as high as $118 per share shortly after, a more than 215% gain. The stock was halted for trade due to volatility at least twice within the first few minutes of trading. The company, which operates a crypto exchange and owns the prominent trade publication CoinDesk, priced its IPO at $37 per share on Tuesday, above the $32 to $33 range the company had expected in its second shot at making a public market debut. Bullish began its IPO processes looking for a price between $28 to $31 per share. At 30 million shares offered, the IPO price saw Bullish raise $1.1 billion and value the fintech company at $5.41 billion. Bullish first attempted to go public via a SPAC merger in 2021 that would have valued the company at $9 billion, but the deal fell through after regulatory scrutiny and Bullish withdrew its registration. Read more here Nvidia partner Foxconn profit jumps after AI spending rises Foxconn, also known as Hon Hai Precision Industry Co., ( HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit. Reuters reports: Read more here. Foxconn, also known as Hon Hai Precision Industry Co., ( HNHPF, HNHAF) said on Thursday it expects higher third-quarter revenue due to robust demand for its artificial intelligence servers, which has helped the world's largest contract electronics maker beat forecasts and see a 27% increase in second-quarter profit. Reuters reports: Read more here. 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

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store