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Stocks fell on Thursday as the market tussled between strong earnings and a downward drag from growing inflationary pressures. However, Guggenheim analyst Simeon Siegel noted that gross margin may have missed expectations.
The Dutch Data Protection Authority has issued a fine of €825 million (nearly $1 billion) to Uber for automatically deactivating driver accounts without adequate warning or human oversight, marking the second-largest penalty under Europe's GDPR. Uber disputes the ruling, stating that permanent deactivations always involve human review and drivers have appeal options, and plans to appeal the decision. This fine follows previous penalties and originates from complaints by a group of drivers, leading to discussions about the implications for gig economy companies and automated decision-making.
Uber has reportedly been fined $966 million by Dutch authorities for using automated systems to deactivate or suspend drivers’ accounts between 2018 and 2022 without sufficient information. This fine, issued under GDPR, is the second-largest by European authorities and follows a complaint in France. Despite this, Uber continues to expand its Robotaxi services in Dubai and Japan and plans drone deliveries in the U.S.
Caterpillar Inc. (NYSE:CAT) factored into Jim Cramer's morning appearance on the 24th in an interesting manner.
Ondrej Vlcek, a director at Gen Digital Inc. (NASDAQ: GEN), reported selling 100,000 shares of common stock on August 19, 2026, at a weighted average price of $28.00 per share. Following this transaction, Vlcek directly holds 3,732,724 shares and indirectly holds an additional 302,000 shares through the Vlcek Family Foundation. The sale was not conducted under a Rule 10b5-1 trading plan.
Ondrej Vlcek, a director at Gen Digital Inc. (GEN), sold 47,462 shares of common stock on August 21, 2026, for a weighted average price of $29.0002 per share, totaling approximately $1.38 million. Following this transaction, Vlcek directly holds 3,685,262 shares and indirectly holds an additional 302,000 shares through the Vlcek Family Foundation. The sale was an open-market or private transaction and was not executed under a Rule 10b5-1 trading plan.
A director at Gen Digital (NASDAQ:GEN) recently sold US$2.8m worth of stock, though this only represented 2.4% of their holding. Over the last year, insiders have sold more shares than they have bought, raising some concerns despite the company's earnings growth and significant insider ownership.
Gen Digital Inc. (GEN) director Ondrej Vlcek sold 152,358 shares of common stock on August 25, 2026, at a weighted average price of $29.0001 per share. Following this transaction, Vlcek directly holds over 3.5 million shares and indirectly holds 302,000 shares through the Vlcek Family Foundation. The sale, reported in a Form 4 filing, involved multiple transactions within a price range of $29.00 to $29.01.
“Big Short” investor Steve Eisman warned on CNBC’s “Fast Money” on August 13 that OpenAI and Anthropic account for roughly 70% of AI-related revenue at Microsoft, Amazon, Google, and Oracle, and as much as 25% to 35% of those companies’ cloud revenue. “The futures of these massive companies, in a sense, are a bet that […]
On August 19, 2026, Moderna, Inc. (NASDAQ:MRNA) and Merck & Co., Inc. (NYSE:MRK) said their personalized melanoma vaccine, intismeran, combined with Merck’s Keytruda, met its goals in a Phase 3 trial of 1,137 patients. It reduced the risk of cancer recurrence and spread compared with Keytruda alone, Reuters reported. It is the first positive late-stage […]
NEW YORK, Aug. 19, 2026 (GLOBE NEWSWIRE) —
NEW YORK, Aug. 17, 2026 (GLOBE NEWSWIRE) —
