The stock was down 14% in late trading despite double-digit gains in subscription and advertising revenue.
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Oil prices rose sharply and major stock indexes fell as military tensions escalated in the Strait of Hormuz. Fighting in the Iran war flared for the first time in weeks, and strikes on a crucial United Arab Emirates oil port and several ships tested a shaky cease-fire. Futures for Brent crude, the international benchmark, rose 6% to about $114 a barrel.
ON Semiconductor topped Wall Street's targets for its fiscal first quarter and with its outlook for Q2. But ON stock dropped.
Stock fell on Monday after the latest developments in the Middle East finally caught Wall Street’s attention. The Nasdaq dropped 0.2%. The S&P and Nasdaq were briefly on track for closing highs until oil prices jumped and sent most of the market tumbling.
Grayscale Research says quantum fear isn't driving Bitcoin's slide. The real cause is broad de-risking from frontier tech.
Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sect
The company went public in 2017 and on April 30 it hit an all-time low.
Super Micro is currently the cheapest entry point into the AI revolution with a P/E of 12, despite doubling its revenue to an incredible $28 billion. While the Malaysian plant is churning out hardware for Meta and Tesla, the US Department of Justice is breathing down the company’s neck over a $2.5 billion export scandal. It’s a classic high-risk, high-reward play: you’re either buying a future titan at a fire-sale price, or boarding a ship that’s already being dismantled by lawyers.
Shares of chip maker Intel were stalling again Monday after their big run-up over the past month. The U.S. announced an effective 10% stake in Intel last August, making it the largest single investor in the U.S.-based chip maker. Since then, the company’s shares are up more than fourfold in large part because Intel makes chips that are used in AI data centers.
Berkshire Hathaway Inc. (NYSE:BRK-B) was among the stocks on Jim Cramer’s radar on Mad Money as he discussed the upcoming earnings. Cramer started his game plan with the stock and stated: Let’s check the game plan. Alright, usually I start with Monday’s business, right? But we have a special on Saturday about Berkshire Hathaway in […]
AM's Q1 revenues top estimates on strong volumes, but rising costs weigh on earnings despite robust gathering and compression growth.
Dow Slides as Trump-Iran Tensions Rattle Wall Street
FedEx stock dropped after Amazon unveiled a new logistics offering that could compete directly with the shipping giant’s core business.
(Updates prices.) Gold traded lower midafternoon Monday as the dollar and yields rose, forcing th
On this episode of Public Keys at the New York Stock Exchange, hosted by Jennifer Sanasie, Tether has proposed merging 21 Capital, Strike, and Elektron Energy into a single publicly listed Bitcoin company spanning accumulation, payments, and mining. Earnings season is here: Robinhood just posted a 47% drop in crypto revenue alongside a 320% surge in events contracts. Dan Dolev, Senior Analyst covering FinTech and Payments at Mizuho, breaks down what those numbers mean and what he's watching when Coinbase reports this week. Latin America's largest Bitcoin treasury company, OranjeBTC, just launched an American Depositary Receipt giving US investors direct access. Chairman Josh Levine explains why Brazil is one of the world's most natural Bitcoin markets. Plus, Visa and WeFi are merging traditional banking and blockchain rails. WeFi co-founder Reeve Collins, who also co-founded Tether, explains what that means for the future of global payments.
HSBC Cuts Palantir Technologies as Explosive AI Competition Threatens Growth Story
Amazon's new business poses a threat to this company's growth outlook.
Nine years after Elon Musk first unveiled it on a darkened stage, the Tesla Semi has finally crossed the line that separates promise from product. On April 29, Tesla posted a single image on X: workers inside the Nevada factory, the first Semi off the high-volume production line. After years of ...
Fresh Safety Concerns Hit Eli Lilly as FDA Reviews Drug Case
For the first time in weeks, headlines out of the Middle East are driving the stock market. The Dow dropped 530 points, or 1.1%. The S&P 500 fell 0.5%. The Nasdaq slipped 0.4%. The S&P and Nasdaq are pulling back from closing highs on Friday, while the Dow has yet to recover to its highs from earlier in the year.
Broad Market Indicators Broad-market exchange-traded fund IWM and IVV fell. Actively traded In
HSBC Downgrade Puts Advanced Micro Devices Rally Under Pressure
NKE shares fell 29% in three months, with inventory cleanup and Sportswear weakness pressuring sentiment despite "Win Now" reset steps.
PLPC posts strong y/y sales growth in Q1, but higher costs and a tax charge lead to a decline in earnings.
The card company is divesting its nearly one-third ownership of the corporate travel services firm Global Business Travel Group.
OMF slips despite Q1 earnings beat as rising expenses, credit costs and weaker receivables offset gains in net interest income.
McDonald's (MCD) first-quarter US same-store sales growth is likely to fall short of consensus estim
SEM's Q1 EPS misses due to higher expenses and weaker patient days, even as revenues top estimates and rehab segment growth partly offsets pressure.
LyondellBasell Industries (LYB) reported a solid Q1 and expects a significant improvement in Q2, sup