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Elon Musk’s Tesla Under Fresh Scrutiny As Texas Crash Victim’s Family Files Wrongful-Death Lawsuit, NTSB Opens Probe
Benzinga57d agobearish
Elon Musk’s Tesla Under Fresh Scrutiny As Texas Crash Victim’s Family Files Wrongful-Death Lawsuit, NTSB Opens Probe

Tesla Inc. (NASDAQ:TSLA) is facing fresh legal and regulatory challenges following the National Transportation Safety Board (NTSB) announcement that it will examine the fatal Texas crash that took place last week involving a Model 3 sedan. NTSB Announces Probe According to a report by Reuters on Wednesday, the agency said it will investigate the incident, which is already under scrutiny of the National Highway Traffic Safety Administration (NHTSA). The collision occurred in Katy, Texas and resul

Centrus Energy (LEU) Stock After 37% YTD Drop Is The Discount Real?
Simply Wall St.57d agobearish
Centrus Energy (LEU) Stock After 37% YTD Drop Is The Discount Real?

If you are wondering whether Centrus Energy at around US$171 per share is a bargain or a potential value trap, the next sections will help you break that question down with numbers rather than headlines. The stock has inched up about 0.5% over the last week, but is down roughly 4.6% over the past month and has declined 37.2% year to date, even after a very large gain of around 4x over the last three years. These mixed returns sit against a backdrop of ongoing attention on nuclear fuel supply...

Rivian (RIVN) Faces US Safety Probe Over 100,000 Vehicles
Simply Wall St.57d agobearish
Rivian (RIVN) Faces US Safety Probe Over 100,000 Vehicles

US auto safety regulators have opened a preliminary investigation into more than 100,000 Rivian Automotive vehicles. The probe focuses on reports of rear suspension toe link failures that may lead to sudden loss of control, swerving and potential collisions. The National Highway Traffic Safety Administration is assessing the scope and safety risk of the issue before deciding on any further action. Rivian Automotive, listed as NasdaqGS:RIVN, is under fresh scrutiny at a time when investors...

Lockheed Martin's U.S. Missile Contracts to Boost Earnings Per Share
Barrons.com57d agobearish
Lockheed Martin's U.S. Missile Contracts to Boost Earnings Per Share

Lockheed Martin's latest contract award from the U.S. Government adds to sales growth in the defense group's missiles division, Jefferies' Sheila Kahyaoglu wrote. The company signed a seven-year contract worth up to $35 billion for Terminal High Altitude Area Defense interceptor missiles. The contract follows another government award for a significant ramp up in Patriot missile production, the analyst noted.

Find Out Why UBS Lowered Its Price Target On LyondellBasell (LYB) From $82 To $73
Insider Monkey57d agobearish
Find Out Why UBS Lowered Its Price Target On LyondellBasell (LYB) From $82 To $73

With 59 hedge funds holding bullish positions and analysts seeing 34.14% upside potential, LyondellBasell Industries N.V. (NYSE:LYB) ranks among the top stocks to buy for financial stability. The stock has drawn analyst attention recently, with views split on how long elevated petrochemical pricing can hold up. On June 5, 2026, UBS lowered its price target […]

Rebound in tech shares pushes Asian shares higher, while oil prices fall
Associated Press57d agobearish
Rebound in tech shares pushes Asian shares higher, while oil prices fall

Shares were mostly higher Thursday in Asia, led by tech-driven gains in Japan and South Korea as major computer chipmakers’ stocks surged following upbeat earnings reports from U.S. giants like Qualcomm and Micron Technology. Oil prices fell more than $1, bringing them closer to where they were before the war with Iran started. Qualcomm’s share price surged 12% in afterhours trading after the company announced it had raised its forecast for revenue this year to $40 billion from $22 billion.

Hut 8 (HUT) Settles $2.35 Million Lawsuit As AI Data Centre Push Continues
Simply Wall St.57d agobearish
Hut 8 (HUT) Settles $2.35 Million Lawsuit As AI Data Centre Push Continues

Hut 8 (NasdaqGS:HUT) has agreed to a proposed $2.35 million settlement of a securities class-action lawsuit. The case focused on alleged undisclosed operational issues at a key mining facility tied to its 2023 merger with U.S. Bitcoin Corp. The company denies wrongdoing, but the settlement removes a legal overhang for existing and prospective shareholders. The resolution comes as Hut 8 pursues an AI data centre landlord model, including new leases and expansion into Miami. Hut 8, best known...

Seoul stocks soar in Asia tech rally after Micron blowout forecast
AFP57d agobearish
Seoul stocks soar in Asia tech rally after Micron blowout forecast

South Korea's Kospi soared more than five percent in a tech-led surge across Asia on Thursday as a forecast-busting earnings report from US chip titan Micron helped traders brush off their latest worries about the AI investment boom.SK hynix jumped around 10 percent and Samsung more than five percent, pushing up the Kospi almost six percent at one point.

S&P sounds 2008-era alarm on factory layoffs
TheStreet57d agobearish
S&P sounds 2008-era alarm on factory layoffs

A new S&P Global report just flashed a 2008-era warning inside arguably the most important parts of the U.S. economy. For perspective, factory activity expanded in June, and the manufacturing PMI came in stronger than expected by economists. However, underneath that better-than-expected ...

onsemi and Semtech Shares Are Falling, What You Need To Know
StockStory57d agobearish
onsemi and Semtech Shares Are Falling, What You Need To Know

A number of stocks fell in the afternoon session after a leverage-driven rout in South Korean chipmakers, renewed doubts about debt-funded AI capital spending, and a hawkish repricing of Fed rate expectations hit the year's most crowded trade, leaving the whole complex hostage to Micron's earnings after the close.

SpaceX’s 32% crash may force Musk into radical move
TheStreet57d agobearish
SpaceX’s 32% crash may force Musk into radical move

Less than two weeks ago, SpaceX became the most valuable company ever to go public, raising $75 billion at a valuation north of $1.7 trillion and closing its debut session up 19%, according to CNBC. On June 22, SpaceX posted its worst single-day loss as a public company, plunging 16% to close at ...

Why Qualcomm (QCOM) Shares Are Falling Today
StockStory57d agobearish
Why Qualcomm (QCOM) Shares Are Falling Today

Shares of wireless chipmaker Qualcomm (NASDAQ:QCOM) fell 4.7% in the afternoon session after a leverage-driven rout in South Korean chipmakers, renewed doubts about debt-funded AI capital spending, and a hawkish repricing of Fed rate expectations hit the year's most crowded trade, leaving the whole complex hostage to Micron's earnings after the close.

Top National Security Investor: Missile Production Is About to Explode as U.S. Rebuilds Arsenal
24/7 Wall St.57d agobearish
Top National Security Investor: Missile Production Is About to Explode as U.S. Rebuilds Arsenal

Tony Bancroft, portfolio manager at Gabelli Funds and head of the firm’s commercial aerospace and defense ETF, argued in a recent CNBC segment that U.S. missile and aircraft production is on the cusp of a multi-year trend. His thesis rests on two pillars: immediate replenishment of arsenals depleted in recent conflict, and longer-term rearmament against ... Top National Security Investor: Missile Production Is About to Explode as U.S. Rebuilds Arsenal

Nasdaq, S&P end lower as tech stocks fall
Reuters Videos57d agobearishVIDEO
Nasdaq, S&P end lower as tech stocks fall

<body><p>STORY: U.S. stocks ended mixed on Wednesday, with the Dow gaining just over a third of a percent, while the S&P 500 edged slightly lower and the Nasdaq lost more than four-tenths of a percent.</p><p>Investors were intensely focused on chip maker Micron Technology's results after the closing bell. The stock, which has surged more than 200% this year, climbed in extended trading on Wednesday, after Micron forecast quarterly earnings above Wall Street estimates, signaling that heavy investments in AI-related infrastructure will drive strong demand for its memory chips.</p><p>Michael Landsberg is chief investment officer at Landsberg Bennett Private Wealth Management.</p><p>"What's happened now is with AI, a lot of these chips are needed to make AI work faster and better. So the demand has really been strong across the entire sector. We think it continues. And that's really, I think, why this rally in that space has got some legs. And we think it could continue for a while."</p><p>Several tech stocks, however, slid during Wednesday's session, including chip designer Cerebras, which tumbled more than 19%. In its first report since going public, Cerebras forecast full-year profit margins would drop below first-quarter figures.&nbsp;</p><p>Concerns around debt-backed AI spending by hyperscalers and mounting fears of a more hawkish Federal Reserve have fueled a market downturn this week that has erased more than $1 trillion in market value from the Nasdaq 100.</p><p>Among the session's other stock moves, homebuilders soared after President Donald Trump canceled a planned signing of bipartisan legislation aimed at speeding up availability of affordable housing. Shares of Hovnanian Enterprises, PulteGroup and Toll Brothers all ended higher.</p><p>And shares of Hertz tumbled more than 40% after the car-rental firm said it expects second-quarter adjusted core earnings near the lower end of its forecast range and announced a proposed offering of $100 million of common stock.</p></body>

Why a fatal crash threatens Tesla’s stock
TheStreet57d agobearish
Why a fatal crash threatens Tesla’s stock

Tesla’s (TSLA) latest federal safety probe isn't a routine crash investigation. It’s a test of one of the greatest assumptions still baked into Tesla’s stock: that the company can turn driver-assistance software into a business considerably more valuable than regular car sales. For years, Tesla has ...