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Investing.com -- Stifel downgraded software company Intuit to "Hold" from "Buy" and slashed its price target to $275 from $375, citing expectations that the company will lower its long-term growth outlook for key businesses as it shifts toward more value-based pricing strategies.
Shares of Elon Musk's rockets-to-AI firm SpaceX dropped nearly 9% on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 8.8% to $174.8, after falling nearly 5% in the last session. Despite the losses, the stock still traded more than 29% above its $135 offering price.
Scott Melker discusses Kevin Warsh's debut, CME suing its own regulator, and other big crypto headlines. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
Waymo Recalls 3,900 Vehicles After Construction Zone Software Problem
(Updates with latest stock price movement in the headline and the first paragraph, along with revenu
Accenture stock is plunging today in a decline that would be its worst on record if it holds through market close. The professional services firm warned Thursday that it could bring in less revenue than expected, dogged by turmoil in the Middle East and investor worries about its AI future.
Investing.com -- Amazon is in talks to sell its Trainium AI chips directly to other companies for use in their data centers, according to a report from Bloomberg News, citing an interview with Amazon’s AI Chief, Peter DeSantis. The move represents an effort to compete with Nvidia and take advantage of growing global demand for AI infrastructure.
SpaceX (NASDAQ:SPCX) stock is down 8% on Thursday, June 18, sliding to $176 a day after the Federal Reserve’s latest policy decision. The pullback broke a three-day winning streak, the first losing session since the company’s IPO on June 12. SPCX stock touched a session high of $188.40 and then dropped quickly. That volatility, following ... SpaceX Drops 8% as the Post-IPO Cooldown Deepens: Profit-Taking or Fading Hype?
Consumers may finally be getting some relief at the pump, with gas prices falling to their lowest levels since March following the Iran peace deal. But any savings could be offset elsewhere, as the AI-driven chip shortage pushes up the price of Apple (AAPL) iPhones. Hennion & Walsh CIO Kevin Mahn and Yahoo Finance Senior Business Reporter Ines Ferre join Julie Hyman to discuss the latest pressures on consumers and how the Fed is navigating the shifting inflation landscape.
Waymo is recalling 3,871 robo-taxis to correct software that might allow a vehicle to enter a freeway construction zone, according to a National Highway Traffic Safety Administration notice. For starters, it illustrates the size of the Waymo robo-taxi fleet. The Alphabet -owned ride-hailing network operator is expanding across the country, along with other companies, including Tesla Amazon.com -backed Zoox, and others.
Gold traded lower early Thursday as the dollar rose to its highest level in more than a year after t
SpaceX opened lower on Thursday, extending losses from the prior session.
The stock is off to a roaring start, but its real test could come later this summer.
US stocks are set to rebound on Thursday after Wall Street suffered a sharp sell-off following the first meeting of a new Federal Reserve regime, with investors taking comfort from signs of a de-escalation in the Middle East. Futures on the Nasdaq 100 have risen 1.3%, while the S&P 500...
NHTSA identifies a Fifth Generation ADS flaw that could cause vehicles to enter closed freeway zones at speed
Emily Dalton Smith, who was set to lead Meta's internal AI work push, is reportedly leaving the company.
Accenture stock tumbled amid fiscal Q3 earnings that topped estimates while revenue missed. The company lowered its full-year sales outlook.
Consultancy firm Accenture said on Thursday it will buy a majority stake in Dragos and fully acquire runZero and NetRise in a combined deal valued at $4.18 billion. Shares of the Dublin, Ireland-based company fell about 5% in premarket trading. Separately, the company also cut the top end of its annual revenue forecast.
Volkswagen (ETR:VOW3) used its 66th annual general meeting to outline a difficult but active 2025 fiscal year, with executives pointing to product launches, electric-vehicle momentum and restructuring progress while warning that tariffs, competition and geopolitical pressures continue to weigh on pr
The Donald Trump administration has closed a federal investigation into Delta Air Lines’ handling of the CrowdStrike Holdings Inc.-related outage. Delta Cleared After Review of CrowdStrike Outage Response On Monday, the U.S. Department of Transportation said it had concluded its...
SpaceX stock fell for the first time on Wednesday. The fell 1.3% after the Federal Reserve held interest rates steady and retail sales numbers showed some discretionary spending weakness. The overall market is probably a secondary factor in SpaceX trading.
Waymo identified a software problem that could likely cause the vehicles to enter a closed freeway construction zone and continue driving at speed.
Tom Sosnoff, Chief Executive Officer at LossDog, predicted that Space Exploration Technologies Corp. (NASDAQ:SPCX) stock will head “under 135″—dropping below its initial public offering price—after revealing he locked in rapid profits by selling his own allocation “at 158.” The Post-IPO Prediction Speaking on the episode of The Drift with Benzinga, Sosnoff expressed strong conviction that the newly public aerospace giant is bound for a downward correction before the end of the year. While he dis
Warsh's first Fed day is the worst for a new chair since 1994. Trump wanted cuts. He got a rate hike threat.
JPMorgan Chase has stopped its staff in Hong Kong from accessing Anthropic’s AI models, following a similar move by rival Goldman Sachs in a...
Future Fund's Gary Black said SPCX had traded more like a "meme stock" than a fundamentals-driven company.
Are you ready for any kind of market movement?
Founded by Stanford graduates Vladimir Tenev and Baiju Bhatt in 2013, Robinhood Markets (Nasdaq: HOOD) is a brokerage platform that has become popular with its stock, cryptocurrency, tokenized stock, and event prediction contract offerings. The company made news on June 16 when it ...
The Dow Jones Industrial Average fell from record highs Wednesday as markets reacted to the Federal
Stocks slide as interest rates remain the same and Fed Chair Kevin Warsh starts writing a shorter song for the biggest central bank in the world.
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