Business
GameStop Shares Dip Slightly After Record Q1 Profit and $2 Billion Buyback Announcement
NEW YORK — GameStop Corp. shares traded modestly lower Friday morning, hovering around $22.04, down about 1.06% or 0.24 points in early trading, as investors digested the company’s recent strong quarterly results and capital return plans amid ongoing retail sector dynamics.
The videogame retailer closed Thursday at $22.27 after posting its highest quarterly net income in company history earlier in the week. The modest pullback reflects normal profit-taking following a positive reaction to earnings that showed significant improvement in profitability driven by collectibles sales growth.
GameStop on June 2 reported net sales of $835.3 million for the first quarter ended May 2, up 14% from $732.4 million in the prior-year period. Collectibles, including trading cards, apparel, toys and pop culture merchandise, surged to $348.9 million, accounting for nearly 42% of revenue compared to about 29% a year earlier.
Operating income reached a record $143.3 million for the quarter, swinging from an operating loss of $10.8 million in the prior year. Net income soared to $389.6 million, boosted by a $268.4 million unrealized gain on options tied to eBay stock and interest income, compared with $44.8 million a year ago. Adjusted figures also showed strength, with the company beating expectations.
The board approved a new $2 billion share repurchase program, signaling confidence in the company’s financial position and strategy under Executive Chairman Ryan Cohen. GameStop ended the quarter with approximately $9.7 billion in cash, marketable securities and related assets, providing substantial liquidity for potential investments or returns to shareholders.
Strategic Shift Toward Collectibles and Efficiency
GameStop has been pivoting its business model beyond traditional video game hardware and software sales, which have faced headwinds from digital downloads and industry transitions. Collectibles have emerged as a high-margin growth area, capitalizing on enthusiast demand for Pokémon cards, Funko Pop figures and other memorabilia.
Selling, general and administrative expenses declined to $201.6 million from $228.1 million, reflecting ongoing cost-cutting efforts that have improved margins. The company continues to optimize its store footprint and explore e-commerce enhancements while maintaining a presence in physical retail.
The $2 billion buyback authorization, valid through 2029, offers flexibility to return capital as the stock trades well below its 52-week high around $31. Analysts view such programs positively in a volatile meme stock environment, potentially supporting the share price over time.
Ongoing Interest in eBay and Broader Ambitions
GameStop has also been active in pursuing strategic opportunities, including increasing its stake in eBay and exploring broader e-commerce plays. These moves have generated attention and occasional volatility but underscore Cohen’s activist-influenced approach to transforming the retailer into a more diversified consumer entertainment company.
Shares remain sensitive to retail investor sentiment, a legacy of the 2021 short squeeze that catapulted GameStop into the spotlight. While trading volumes have normalized compared to meme stock peaks, the stock continues to attract dedicated followers monitoring fundamentals and corporate actions.
Market Context and Analyst Views
In the broader market, retail and consumer discretionary stocks have shown mixed performance amid economic uncertainty and shifting consumer spending. GameStop’s results highlight resilience in niche categories even as core gaming sales face pressure from console cycles and competition.
The company reported strong liquidity and no long-term debt concerns, positioning it well for potential acquisitions or further buybacks. Year-to-date, shares have posted gains, though they remain below peaks seen in prior years.
Some analysts caution that while profitability has improved markedly, sustainable revenue growth in a challenging retail landscape will be key. Others highlight the balance sheet strength as a significant positive, allowing flexibility in an evolving industry.
Company Background and Evolution
Founded in 1984, GameStop grew into a dominant brick-and-mortar videogame retailer but faced existential threats as the industry shifted online. Under new leadership, it has refocused on profitability, inventory management and diversified revenue streams. Store count has been rationalized, with emphasis on experiential retail and collectibles.
The stock’s history includes dramatic swings, from pandemic lows to extraordinary highs in 2021 fueled by social media coordination. Today, with a market capitalization around $9-10 billion, GameStop operates with a more mature investor base balancing nostalgia with forward-looking strategy.
What Lies Ahead
As GameStop navigates the second quarter, attention will turn to holiday season preparations, further collectibles momentum and execution on capital allocation. The buyback program could provide a floor for the stock while management explores growth initiatives.
Investors will also monitor macroeconomic factors affecting discretionary spending, including inflation, employment and consumer confidence. Positive developments in gaming hardware or partnerships could offer tailwinds.
Friday’s slight decline comes after Thursday’s modest gain and follows the post-earnings pop earlier in the week. Trading remains active but within recent ranges, with the 52-week low near $19.93 and high around $30.61.
GameStop’s transformation story continues to captivate, blending legacy retail with modern capital management. The record quarter and aggressive buyback underscore progress, even as challenges in the core business persist. For long-term holders, the focus remains on consistent execution and shareholder value creation in a competitive entertainment landscape.
Market participants will watch upcoming trading sessions for direction, with earnings momentum potentially setting the tone into the summer. GameStop’s substantial cash position provides optionality rarely seen in traditional retailers, offering a buffer and strategic flexibility uncommon in its peer group.
Business
LARRY KUDLOW: Iran must be hit on all fronts, including covert action for regime change
After yesterday’s Islamic Revolutionary Guard Corps performance trying to attack an American military base in Jordan, on top of all the other attacks they’ve made, and all the things they’ve refused to say about a reopening of the Strait of Hormuz deal — these are radical Islamists who hate America, hate Israel, deluded into thinking that they can win the war and run the Middle East, and continue to sponsor terrorism and build nuclear weapons.
It’s one thing after another with them, and I think it’s fair to say that negotiations are going nowhere. President Trump is doing what no other president has done, trying to bring peace and freedom to the Middle East and stop the Iranians, and stop their nuclear ambitions — but I think his options right now are battlefield and major combat operations, not diplomacy. And I support this.
And I would simply add the importance of Economic Fury, maxing out all sanctions, Kharg Island, hammering again their nuclear facilities and capabilities that may or may not be left. These are not rational people. It’s a theocratic regime, run by militarists and Marxists. The end result is escalation, which right now is inevitable. The president will make his mind up, but I think the handwriting is on the wall. Resumption or return to major combat operations and a tightening of the economic screws. It’s not tit for tat.
Fox News senior strategic analyst Gen. Jack Keane discusses the potential U.S. strategy toward Iran in the near future on ‘Kudlow.’
I’m still believing in unconditional surrender. And finally, covert operations. I assume there has already been a presidential finding on covert operations by our CIA and other secret intelligence services. And I am assuming hand-in-glove work with the Israeli Mossad. This is an Iranian version of the Reagan Doctrine, which brought down Soviet communism without firing a shot, but using covert operations to help freedom fighters in Poland and Eastern Europe and Latin America.
This could be the Trump version of the Reagan doctrine, as already practiced in Venezuela and probably soon in Cuba. Yet most pressingly and importantly practiced right now in Iran. Whether Reza Pahlavi, or a temporary leader or group of leaders, or whoever else, any covert operations that will move us in the direction of regime change must be a vital part of our war strategy.
Business
Pure Cycle: Rate Headwind, Long-Term 2027-2028 Upside
Pure Cycle: Rate Headwind, Long-Term 2027-2028 Upside
Business
I dropped out of university and built five beauty businesses. Here’s what I learned
When she was starting out in her career Kilgore realised she needed to be “someone that people look forward to being around”.
It’s important to be polite, punctual and nice as those qualities help you build loyalty, she says.
“I made sure I was the sunniest, hardest working and most diligent person to do that service.”
“If you do a really great job, people will recommend you,” she says and she soon opened a tiny beauty salon that became booked up months in advance.
She also explains you also need to be “willing to make some big sacrifices” to make your business successful.
“You’re not going to have a lot of free time,” she says as running a business requires you to be aware of changing customer behaviour, new competitors and wider market trends.
That often means reading, researching and connecting ideas outside of working hours.
Kilgore says the workload can feel easier if you have a curiosity around you as “that’s what drives you”.
She does have some non-negotiables and has made an effort not to miss important events while raising her children, including school plays and family holidays.
Business
Lidl recalls cookies over undeclared allergens in 9 states
Check out what’s clicking on FoxBusiness.com.
Lidl US is recalling a brand of shortbread cookies after discovering some packages distributed to its stores across nine states and the District of Columbia failed to disclose major food allergens.
The voluntary recall covers Eridanous Shortbread Cookies with Chocolate Truffle Coating & Apricot Filling in 11.6-ounce (330-gram) boxes with UPC 4056489125839. According to the Food and Drug Administration, the affected products were packaged with foreign-language labeling that did not include English ingredients, nutrition facts or allergen declarations.
The undeclared allergens include wheat, soy, milk and eggs. People with allergies or sensitivities to those ingredients could face serious or potentially life-threatening allergic reactions if they consume the product.
The recalled cookies were distributed between July 15 and July 22 to Lidl US retail stores in Delaware, the District of Columbia, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina and Virginia.
BROOKLYN ROASTING COMPANY RECALLS COLD BREW SOLD IN NEW YORK AND NEW JERSEY OVER BOTULISM RISK

Boxes of Eridanous Shortbread Cookies with Chocolate Truffle Coating & Apricot Filling are being recalled after some packages were distributed without English ingredient labels or allergen declarations. (FDA / Unknown)
No illnesses have been reported, Lidl said.
MORE THAN 1.5 MILLION DOZEN EGG CARTONS RECALLED OVER POSSIBLE SALMONELLA CONTAMINATION

The back of the recalled Eridanous Shortbread Cookies package shows foreign-language labeling instead of the required English ingredients, nutrition facts and allergen information. The affected packages are marked with a best-by date of Oct. 11, 2026 (FDA / Unknown)
Customers with allergies or sensitivities to wheat, soy, milk or eggs should not consume the cookies. Lidl said consumers should discard the product or return it to any Lidl store for a full refund. A receipt is not required.

A Lidl Food Market branch stands on December 27, 2022 in Arlington, VA. Lidl, a German discount supermarket chain, has expanded rapidly across 10 states in the eastern USA in recent years. (Sean Gallup/Getty Images / Getty Images)
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Consumers with questions can contact the Lidl US Customer Care Hotline at (844) 747-5435 Monday through Saturday from 8 a.m. to 8 p.m. ET.
FOX Business reached out to Lidl for additional information, including how many packages are affected by the recall, how the labeling error occurred and what steps the company is taking to prevent similar issues.
Business
Trump considering AI controls after OpenAI hacking incidents
US President Donald Trump said on Wednesday that his administration is considering asserting more power over artificial intelligence (AI) tools after recent cybersecurity incidents.
Asked about OpenAI’s tools being responsible for improperly breaching the private technology of other companies, Trump said: “We’re looking at AI, we’re looking at controls, we’re also making sure that we lead.”
It marks a change of tone for his administration, which has taken a more hands-off approach to the technology.
Trump’s comments come after an escalation of not only the apparent hacking capabilities of popular AI tools, but White House threats aimed at competing Chinese tech.
Trump added that while some kind of control around AI tools was on the table, such a move would have to be done carefully.
“We don’t want to restrict them where all of the sudden we come in second to China,” he said.
“China has virtually no [AI] controls. It’s freewheeling a little bit,” Trump added.
The White House has been contacted for additional comment. The BBC has also contacted the Chinese embassy in Washington for comment.
In the last week, OpenAI has taken responsibility for at least two hacking incidents involving its AI tools acting outside of what they were designed and directed to do.
During a trip to Washington on Wednesday, OpenAI’s chief executive Sam Altman was asked by a reporter if there were more systems that had been breached by the company’s tools.
“I mean, there could be yeah”, Altman said.
The US government intervened when Anthropic, OpenAI’s main American rival, decided to release to the public a model that it had previously said was too much of a risk to be made widely available.
Meanwhile, in an internal White House memo from April, Trump’s senior tech advisor Michael Kratsios accused China’s AI firms of “industrial-scale” theft of US AI technology. He did so again last week, claiming that the popular Kimi 3 AI model from China’s Moonshot AI was developed by stealing information from Anthropic.
The Chinese government has consistently rejected such accusations.
US Treasury Secretary Scott Bessent has also warned that Chinese AI firms could face sanctions for such activity. And the Federal Communications Commission this week banned the importation of new foreign-made humanoid robots.
Most AI models being developed in China are open source, meaning they are built and then made freely available online for anyone with the proper computer equipment to download and use.
Recently, executives from most major US tech companies have signed onto public statements of support for open-source models, external.
Business
Huron Consulting Group Shares Soar 32% After Blowout Earnings Beat and Raised Full-Year Guidance Today
Shares of Huron Consulting Group surged 32.11% in Wednesday morning trading, climbing $38.97 to $160.34, after the professional services firm reported second-quarter results that sharply beat Wall Street expectations and raised its full-year earnings and revenue outlook.
The Chicago-based consulting firm reported adjusted earnings of $2.46 per share for the second quarter, topping the average analyst estimate of $2.17 by a wide margin. Revenue for the quarter reached $475.0 million, well above the roughly $449 million analysts had projected. Revenue before reimbursable expenses, a key metric the company uses to track underlying business performance, climbed 15.7% year over year to a quarterly record of $465.6 million. Adjusted EBITDA for the quarter rose to $72.6 million, with the adjusted EBITDA margin expanding to 15.6% from 15.1% a year earlier.
Huron’s results were released after markets closed Tuesday, and the stock’s initial reaction in after-hours and early regular trading proved far more muted than Wednesday’s dramatic rally, with shares first climbing a more modest 3.66% to $120.77 before extending gains overnight and then surging sharply higher once regular trading resumed Wednesday morning.
Alongside the earnings beat, Huron raised its full-year 2026 guidance, now projecting revenue before reimbursable expenses of between $1.85 billion and $1.89 billion and adjusted earnings per share of between $9.00 and $9.40. The updated guidance compares with a prior range of $8.35 to $9.15 per share issued earlier this year, and the midpoint of the new outlook would represent a 17% increase over the company’s 2025 results, according to Chief Financial Officer John Kelly.
Company executives attributed the strong performance to broad-based growth across Huron’s three main operating segments, along with a growing contribution from artificial intelligence-related work and recent acquisitions. Chief Executive Officer C. Mark Hussey said artificial intelligence has become an increasingly significant driver of the company’s digital services business. Total bookings tied to Huron’s digital capabilities rose more than 20% during the first half of 2026 compared with the same period a year earlier, with more than 60% of those bookings now involving either direct AI-related work or engagements substantially supported by Huron’s proprietary AI tools, up from approximately 35% of comparable bookings during the first half of 2025. Digital revenue before reimbursable expenses rose 9% both year over year and sequentially during the second quarter, reaching a new company record.
Huron’s June acquisition of RelateCare, a provider of AI-enabled clinical and patient-access managed services, also contributed to the quarter’s strength. RelateCare’s results were incorporated into Huron’s healthcare segment beginning with a partial second quarter following the acquisition’s June 3 closing date. The company said it expects RelateCare to contribute approximately $30 million in revenue before reimbursable expenses during 2026, along with roughly $0.10 in adjusted earnings per share for the year.
Wednesday’s rally builds on a stretch of strong performance for Huron shares heading into the earnings report. The stock had already climbed 17.4% over the month leading up to Tuesday’s results, significantly outpacing the broader professional services sector, which had averaged gains of just 1.1% over the same period. Ahead of the earnings release, the average analyst price target for Huron stood at $184.25, compared with a pre-earnings share price of $112.30, suggesting Wall Street had already anticipated meaningful upside potential in the stock even before Wednesday’s dramatic surge.
Analyst sentiment toward Huron has been mixed in the weeks leading up to the earnings report. Wedbush maintained an “outperform” rating on the stock along with a $160 price target in a research note issued in early May. Truist Financial had set a $155 price target with a “buy” rating in early June. Barrington Research restated an “outperform” rating in mid-June. However, Wall Street Zen downgraded the stock from “buy” to “hold” in a note issued July 12, just over two weeks before the earnings release, while Weiss Ratings had separately lowered its rating on the stock from “hold (c+)” to “hold (c)” in mid-May, reflecting a degree of caution among some analysts heading into the report that Wednesday’s results appear to have significantly outpaced.
Huron Consulting Group provides consulting services primarily to organizations in the healthcare, education and commercial sectors, helping clients with strategy, operations, technology implementation and other advisory work. The company’s healthcare and education-focused consulting practices have historically formed the core of its business, though its digital and AI-related consulting offerings have become an increasingly important growth driver in recent quarters, a trend that management highlighted repeatedly in discussing Wednesday’s results.
Huron’s return on equity for the quarter stood at 29.41%, with a net margin of 5.94%, according to the company’s reported financial metrics. The company’s stock had a market capitalization of roughly $2 billion prior to Wednesday’s surge, based on the pre-rally share price, a figure that has grown substantially as a result of Wednesday’s trading activity.
Investors are likely to continue watching Huron’s execution against its newly raised full-year guidance in the coming quarters, along with the pace of integration for its recent RelateCare acquisition and the continued growth trajectory of its digital and AI-related consulting bookings, as key indicators of whether Wednesday’s sharp rally reflects a durable reassessment of the company’s growth prospects or a more short-lived reaction to a single standout quarterly result.
Business
Nicaragua’s Ortega moves to stretch term to 7 years, ban ’traitors’ from elections

Nicaragua’s Ortega moves to stretch term to 7 years, ban ’traitors’ from elections
Business
RAMZ: A New ETF Arrives Just In Time For The DRAM Crash (BATS:RAMZ)
I’m Rob Isbitts, founder of Sungarden Investment Publishing. I run the new investing group Sungarden Investors Club, a community dedicated to navigating the modern investment climate with humility, discipline, and a non-traditional approach to income investing. I’ve been charting investments since the 1980s, and I spent decades an an investment advisor and fund manager before semi-retiring in 2020. Now, this investing group is my focus. The markets tells us a story…we just have to listen! I teach subscribers how to do that.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of RAMZ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Sensex, Nifty rally over 1% as IT stocks drive broad-based market gains
The Nifty rose 264 points, or 1.1%, to close at 24,250. The Sensex rose 888 points, or 1.2%, to 77,654.
Elsewhere in Asia, China advanced 0.4% and Hong Kong rose 2%, while South Korean Kospi slumped 6%,Taiwan dropped 3.8% and Japan fell 1.5%. The pan-Europe index Stoxx 600 was down 0.3% as of press time.
“The massive correction seen in the Kospi, and artificial intelligence and chip-making stocks is now expected to trigger a shift in flows from AI-focused stocks toward the Indian IT sector, and this has fuelled investor optimism,” said Rajesh Palviya, head of research, Axis Securities.
The Kospi is now down nearly 19% and Taiwan has fallen 11% in the past week. SK Hynix has slipped 26.7% and Samsung Electronics Co is down 22.5%.
The Nifty’s IT index gained 2.3% on Wednesday, and is now up 9% in the past week, and 15% in the past one month. The Nifty 50 has gained 1.3% in one month.
Read more: Can Manipal Health IPO deliver long-term growth for high risk investors?
Palviya also said Nifty’s positioning was light on the first day of the new series, which, along with strong rollover activity, easing crude oil prices, a stronger rupee and expectations of relative peace in West Asia, boosted investor sentiment.
Nifty’s India Volatility Index (VIX), the fear gauge, fell 4.4% to 12.01 on Wednesday, indicating relief among traders. Out of the total 4,425 stocks traded on the BSE, 2,533 advanced and 1,705 fell at close.
AgenciesNifty Support Seen Higher
“The entire month of July has seen market moves driven by crude oil prices. The markets rallied on Wednesday, supported by the decline in crude prices toward the $85 a barrel mark, along with stock-specific action, as most Q1 results have been broadly in line, with no major negative surprises,” said Sunny Agrawal, head of research at SBI Securities.
In higher beta assets, the Nifty Midcap 150 gained 0.8% and Nifty Small-cap 250 rose 1.3%.
Palviya said that since the Nifty managed to close decisively above the 24,200 level on Wednesday, its support has now moved higher to the 24,000-24,100 zone. “As long as the index holds above this range, it could move toward 24,350-24,400 in the near term,” he said. Foreign portfolio investors net bought shares worth ₹2,982 crore. Domestic institutions were buyers to the tune of ₹998 crore.
Business
Wall Street closes down sharply after Fed holds rates
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