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SpaceX shares tick higher after two-day slump erases $600B
Proactive59d agobearish
SpaceX shares tick higher after two-day slump erases $600B

SpaceX Corp (NASDAQ:SPCX) shares rose 2.5% on Tuesday, offering a partial reprieve after a brutal two-day selloff that wiped more than $600 billion from the rocket and satellite company's market value and marked one of the most dramatic reversals ever seen in a newly listed mega-cap...

Supreme Court Revives Exxon Mobil Lawsuit Against Cuba
The Wall Street Journal59d agobearish
Supreme Court Revives Exxon Mobil Lawsuit Against Cuba

The Supreme Court revived a lawsuit Exxon Mobil Corp. brought against oil companies owned by the Cuban government that seeks $1 billion in damages for the oil refinery and service stations Cuba took from the U.

Carnival shares fall as Q3 outlook misses estimates despite earnings beat
Proactive59d agobearish
Carnival shares fall as Q3 outlook misses estimates despite earnings beat

Carnival Corp (NYSE:CCL) shares fell almost 6% on Tuesday after the cruise operator issued a third quarter profit outlook below Wall Street expectations, overshadowing stronger-than-expected second-quarter results and record revenue. The company reported adjusted earnings of $0.41 per share...

Elon Musk loses billions as SpaceX shares slump in tech sell-off
Sky News59d agobearish
Elon Musk loses billions as SpaceX shares slump in tech sell-off

Elon Musk has seen $350bn (£264bn) shaved off his net worth as SpaceX share prices have slumped. Mr Musk became the world's first trillionaire, and is likely to have been the wealthiest person ever, when SpaceX made its debut on the New York Stock Exchange earlier this month.

Famous Short-Seller Says We’re In an AI Energy Bubble. Will Bloom Energy Prove Him Wrong?
24/7 Wall St.59d agobearish
Famous Short-Seller Says We’re In an AI Energy Bubble. Will Bloom Energy Prove Him Wrong?

The AI infrastructure boom has created a new class of market winners. Chipmakers, data center operators, and power suppliers have all benefited as hyperscalers race to build the computing capacity needed to train and run artificial intelligence models. Yet every boom attracts skeptics. This time, famed short-seller Jim Chanos is challenging one of Wall Street’s ... Famous Short-Seller Says We’re In an AI Energy Bubble. Will Bloom Energy Prove Him Wrong?

Uber (UBER) Faces Shareholder Lawsuit Over Alleged Safety And Compliance Failures
Simply Wall St.59d agobearish
Uber (UBER) Faces Shareholder Lawsuit Over Alleged Safety And Compliance Failures

Shareholders have filed a new lawsuit against Uber Technologies (NYSE:UBER) targeting the company’s board and senior management. The claim argues Uber is a “serial compliance offender” that put growth ahead of rider safety and regulatory obligations. Investors are seeking financial accountability from leaders, stronger board oversight, and tighter safety and compliance controls. Uber Technologies operates a global ride hailing and delivery platform, placing it at the center of ongoing...

Why South Korea’s Massive Market Crash Could Happen in the U.S. Next
Barrons.com59d agobearish
Why South Korea’s Massive Market Crash Could Happen in the U.S. Next

Single-day corrections concentrate the mind, even more so when the slide comes amid a doubling of a tech-focused index replete with the kind of giant chip stocks that have powered U.S. markets to record highs over most of the year. “The session had three things working against it simultaneously,” said Koen Hoorelbeke, investment and options strategist at Saxo Bank. In short, it’s become the index to watch in this year’s global chips race, with SK Hynix and Samsung booking triple-digit gains and old-school car maker Hyundai —which is now verging into chip design through its Hyundai Mobis division—rising more than 70%.

Treasury Yields Fall, Dollar Strengthens as Oil Prices Slip
Barrons.com59d agobearish
Treasury Yields Fall, Dollar Strengthens as Oil Prices Slip

Treasury yields cool down a little while the dollar rises as U.S.-Iran talks inch forward. Crude prices slip, as the U.S. cleared the way for Iran to sell oil in dollars, including to U.S. buyers, as part of the negotiations to restore shipping through the Strait of Hormuz.

Jim Cramer on AST SpaceMobile: “This One Right Now Is on the Miss Cycle”
Insider Monkey59d agobearish
Jim Cramer on AST SpaceMobile: “This One Right Now Is on the Miss Cycle”

AST SpaceMobile, Inc. (NASDAQ:ASTS) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. During the episode, a club member sought Cramer’s opinion on the stock, and he replied: Alright, now, we looked at all these satellite and […]

Adobe Stock Poised for 35% Rebound Despite Recent Selloff
24/7 Wall St.59d agobearish
Adobe Stock Poised for 35% Rebound Despite Recent Selloff

Few large-cap software names have fallen as far, as fast, as Adobe (NASDAQ:ADBE) over the past year. The stock has gone from a creative-software bellwether to a value puzzle, with the market pricing in AI disruption while management keeps raising guidance. That gap is where our model sees opportunity. Adobe trades at $194.90 as of June ... Adobe Stock Poised for 35% Rebound Despite Recent Selloff

South Korean market drops 10% on memory chip stock losses amid sell-off
Yahoo Finance Video59d agobearishVIDEO
South Korean market drops 10% on memory chip stock losses amid sell-off

South Korea's KOSPI Composite Index (^KS11), which contains SK Hynix (000660.KS) and Samsung (005930.KS), sank by just below 10% on the declines from both of these memory chipmakers. Yahoo Finance Markets and Data Editor Jared Blikre takes a closer look at the broader chip and semiconductor sector amid Tuesday's tech sell-off.