cnbc_topnews

Can Palantir pull off a Microsoft-style comeback? Here's what options say

📰 source: cnbc_topnews · 📊 technical

traders are betting palantir can pull off a microsoft-style comeback when it reports earnings monday night. the options market shows heavy call buying: 56,000 calls vs fewer than 25,000 puts by monday volume, and $120 million of the $160 million in premium tied to calls. the most popular trade was the 130-strike call expiring friday, with 8,500 contracts bought for $4.4 million — needing an 8% rally before the weekend. options pricing implies a 10.5% move after earnings, bigger than the median 7.4% over the past year, though palantir's options have overestimated the actual move for five straight quarters.

but it's not all bullish. seven of the eight biggest dollar-amount trades were neutral or bearish, including the day's largest: a sale of 800 145-strike calls expiring in december 2028 that brought in $3.4 million — a bet against big gains in the stock.

why it matters: palantir options signal a potential rally but bearish bets and past overestimation warrant caution.

source: cnbc_topnews
sentiment: +0.40 · impact: 0.50

Surprise fall in US jobs last month as slow summer continues

📰 source: bbc_business · 💼 business us jobs fell by 23,000 last month, against forecasts for an 80,000 gain, with the bureau of labor statistics also revising down may and june payrolls by a combined 103,000. the unemployment rate still dipped to 4.1% from 4.2%, as labor

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

📰 source: cnbc_topnews · 💼 business homes sold for less than their asking price in 38 of the 50 largest u.s. housing markets in june, per redfin. the biggest discounts hit florida and texas: miami and west palm beach averaged nearly 5% below asking, while houston, austin, tampa, dallas, san antonio,

China is gaining ground in AI. But the U.S. still has a major advantage

📰 source: cnbc_topnews · 💼 business hugging face ceo clément delangue told cnbc china is clearly dominating on open models and could start dominating at the frontier by end of this year or next. chinese models are closing the gap with u.s. frontier systems despite limited access to cutting-edge compute. beijing-based

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects