The Nasdaq dropped nearly 3% after a stronger-than-expected hiring report. Strong employment data has traders bracing for a Fed rate hike.
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A stronger-than-expected jobs report sent Wall Street tumbling as investors increasingly bet on rate increases from the Federal Reserve.
Technology stocks tumbled sharply Friday as the Nasdaq headed for its worst week in a year. Nasdaq Inc. shed nearly 2% in afternoon trades, as Nvidia, Micron and Sandisk fell. Tech behemoths like Amazon and Google edged lower.
Archer Aviation (NYSE:ACHR) has not yet carried out a publicly disclosed piloted transition flight for its Midnight aircraft, a key FAA milestone. This missing step is material for certification progress and comes as the company prepares for planned operations in major US cities. Peers such as Joby Aviation appear to have moved further on piloted transition flights, raising questions about Archer's near term readiness. Archer Aviation, listed on the NYSE under the ticker ACHR, is developing...
Donald Trump has said “stocks should go up, not down” after Wall Street was hit by a sell-off following new strong US jobs data.
Donald Trump has said “stocks should go up, not down” after Wall Street was hit by a sell-off following new strong US jobs data.
BNP Paribas believes the company will increase capex guidance for fiscal 2027 to fulfill commitments under Project Stargate.
The S&P 500, down 1.8%, was on track to snap a nine-week winning streak. The Dow fell 400 points, or 0.8%, but is still up slightly on the week. David Donabedian, senior investment strategist at CIBC Private Wealth, told Barron’s that the action this morning began as a continued rotation away from AI winners.
(Updates prices.) Gold traded sharply lower midafternoon Friday, falling to the lowest this year
It’s been easy to call a bottom in Lululemon Athletica in recent years–just keep waiting another day. The specialty athleticwear company, which had already dropped nearly 40% year to date alone before it reported fiscal first-quarter earnings after the bell Thursday, didn’t reward bargain hunters. The quarter itself was better than expected, but the full-year outlook was the culprit: Lululemon said it will earn between $10.95 and $11.15 a share on revenue that will be flat or down 1%, translating into $11 billion to $11.15 billion.
Planet Labs' $1.5 Billion Stock Sale Move Sends Shares Lower
One fearless (or foolish?) analyst just called Oracle stock a buy in the middle of its meltdown.
Quantinuum’s debut may signal investor skepticism, but IBM CEO Arvind Krishna is defending the reality of quantum computing,
Intel Teams Up With Hitachi to Chase the Next Big AI Opportunity
Nvidia Selloff Deepens As Broadcom Outlook And Jobs Data Shake Investors
Alphabet Reshuffles Workforce as AI Investments Take Center Stage
Yesterday's Broadcom sell-off is spreading beyond AI stocks today, and infecting everything tech.
If you are wondering whether Sea's current share price lines up with its underlying worth, this article walks through the key numbers so you can assess how the stock compares on value. Sea's share price recently closed at US$92.09, with a 0.2% move over the last week and a 9.0% gain over the past month, but declines of 30.0% year to date and 46.0% over the last year that still weigh on long term holders. Recent coverage has focused on how Sea is being reassessed by investors following these...
Bitcoin, the largest cryptocurrency, briefly dipped below $60,000 before staging a slight recovery. The largest cryptocurrency traded as low as $59,775 around midday Friday, its lowest intraday level since October, 2024.
Ubiquiti reported solid revenue growth and a debt-free balance sheet, but investors sent the stock tumbling anyway. What did the market see that the headlines missed?
CNN Business Executive Editor David Goldman joins CNN’s Wolf Blitzer in the Situation Room to explain how Costco manages to keep its gas prices lower than most other gas stations.
Tech companies are no longer just cutting jobs. Many are reshaping themselves for the age of artificial intelligence. GitLab, one of the most popular web-based software platforms used by software engineers as a code repository, security, and code deployment, has now joined the growing list of ...
Yesterday's Broadcom sell-off is spreading beyond AI stocks today, and entangling everything tech.
Bitcoin has now fallen more than 50% from its October peak, dipping below $60,000 as the crypto industry reckons with the Zcash vulnerability.
Yesterday's Broadcom sell-off is spreading beyond AI stocks today, and infecting everything tech.
Bitcoin's slide is testing its inflation-hedge appeal as ETF outflows, rising inflation and geopolitical risks weigh on sentiment.
"Sell in May" failed badly in 2026 as tech, space and digital economy ETFs surged on AI optimism, strong earnings and easing geopolitical fears.