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Israeli website creator Wix.com cuts 1,000 jobs, citing strong shekel and AI
Reuters86d agobearish
Israeli website creator Wix.com cuts 1,000 jobs, citing strong shekel and AI

Israel's Wix.com, which helps small businesses build and operate websites, is laying off ‌20% of its workforce, CEO Avishai Abrahami said on ‌Thursday, citing a strong shekel versus the dollar and the rapid evolution of ​AI. The shekel has appreciated nearly 30% against the dollar over the last year to reach a 33-year peak.

European Stocks Fall as Iran Peace Fears Spread
Barrons.com86d agobearish
European Stocks Fall as Iran Peace Fears Spread

European blue-chip stock indexes edged lower as increasing pessimism around a U.S.-Iran peace deal weighed on market confidence. Technology stocks gained amid broader risk-off sentiment, with the Europe-wide Stoxx 600 slipping 0.

Markets Fall as U.S. and Iran Trade Strikes. Stock Futures Drop.
Barrons.com86d agobearish
Markets Fall as U.S. and Iran Trade Strikes. Stock Futures Drop.

Stocks looked set to drop on Thursday as investors fretted about the status of the fragile cease-fire between the U.S. and Iran. S&P 500 futures declined 0.1% and contracts tied to the tech-heavy Nasdaq 100 fell 0.4%. American forces shot down Iranian drones and hit a drone-control station near Bandar Abbas, according to The Wall Street Journal, citing U.S. officials.

Why Is Crypto Crashing Today? Bitcoin, XRP, and Ethereum Slide on Fresh Iran Strikes
24/7 Wall St.86d agobearish
Why Is Crypto Crashing Today? Bitcoin, XRP, and Ethereum Slide on Fresh Iran Strikes

The crypto market is deep in the red this morning. The total market is down more than 3% in a day, and Bitcoin (CRYPTO: BTC) has slipped under $73,000 for the first time in the past few weeks. The spark was a fresh round of U.S. airstrikes on Iran, which sent investors running from anything ... Why Is Crypto Crashing Today? Bitcoin, XRP, and Ethereum Slide on Fresh Iran Strikes

Costco Results Will Be This Earning Season’s Last Look at the Consumer
Barrons.com86d agobearish
Costco Results Will Be This Earning Season’s Last Look at the Consumer

Costco Wholesale is the last major retailer to report results this earnings season. After multiple retailers noted, however cautiously, that consumers are still spending, investors will be looking to see if Costco does the same. For its fiscal third quarter, Costco is expected to earn $4.98 a share, a 16.3% increase from the year-ago period, on a 10% rise in revenue to $69.68 billion.

Ford recalls one of its best-selling vehicles
TheStreet86d agobearish
Ford recalls one of its best-selling vehicles

Last year, during the company's third-quarter earnings call, Ford CFO Kumare Glahotra made a promise to investors. “Improving quality is the single biggest driver to close our cost gap. Better quality lowers warranty expense and reduces recalls,” Galhotra said. But so far this year, Ford once again ...

From $90K Bet to $800K Windfall: When Does a Winning Oil Trade Become a Retirement Risk?
24/7 Wall St.86d agobearish
From $90K Bet to $800K Windfall: When Does a Winning Oil Trade Become a Retirement Risk?

Richard from Staten Island has a problem most investors would envy. Six years ago, on his son’s suggestion to capitalize on crashed oil prices, he put $90,000 to $100,000 into Occidental Petroleum at $9 to $10 per share. That bet has compounded into 15,275 shares worth roughly $800,000, representing 80% of his investment portfolio. Combined ... From $90K Bet to $800K Windfall: When Does a Winning Oil Trade Become a Retirement Risk?

StockStory86d agobearish
Why Halliburton (HAL) Stock Is Falling Today

Shares of oilfield services company Halliburton (NYSE:HAL) fell 3.8% in the morning session after WTI crude oil plunged on Iran-US peace deal progress and renewed hopes for reopening the Strait of Hormuz.

Cathie Wood sells $16M of surging semiconductor stock
TheStreet86d agobearish
Cathie Wood sells $16M of surging semiconductor stock

When one of Wall Street's most closely watched fund managers starts trimming a stock that's on a tear, investors take notice. Cathie Wood has been quietly but consistently reducing her firm's position in Advanced Micro Devices throughout May. That alone raises a question worth asking: What does she ...