The magnitude of SpaceX's overvaluation bodes poorly for it in the near term.
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Shares skidded Friday in Asia after Brent crude shot to its highest price since May as heavy fighting in the Middle East again threatened to slow the global flow of oil and gas. U.S. futures were little changed after tumbles for two of Wall Street’s most influential companies, Alphabet and Tesla, yanked U.S. stocks to their worst loss in a month.
Red Cat Holdings, Inc. previously terminated Chief Revenue Officer Geoffrey Hitchcock for cause, after a board hearing under his executive employment agreement, and informed him he would receive only accrued salary and benefits through his termination date. Following this decision, Hitchcock filed a civil complaint alleging retaliatory termination and contract breaches, creating additional legal and governance questions around Red Cat’s leadership and internal controls. Now we’ll examine how...
BENGALURU, July 24 (Reuters) - India's private sector growth skidded to its weakest in over four years in July as a sharp slowdown in services constrained overall expansion even though rising export
Deckers’ slowing sales growth and margin concerns dominated first-quarter earnings beat.
NasdaqGS:NDAQ has resolved its nearly decade-long litigation with Miami International Holdings, with all claims and counterclaims dismissed. Nasdaq is selling its fund secondaries business to its former affiliate, Nasdaq Private Market, reshaping its private markets footprint. For investors tracking Nasdaq, these moves come as the stock trades around $90.42, with a 9.6% gain over the past 30 days but a decline of 6.5% year to date. The stock is also down 2.1% over the past year, while...
Alphabet’s capex forecast raise and a hat tip from Elon Musk boosted sentiment for MU stock.
July 24 (Reuters) - Indian shares opened lower on Friday, pressured by the rise in Brent crude to above $100 per barrel as the Middle East crisis escalates, while a slide in IT company Infosys and
(Bloomberg) -- South Korean stocks fell as funds cut exposure to chipmakers after overnight losses in US peers, while factoring in a Chinese rival’s imminent share sale and rising Middle East tensions. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandAlphabet Falls as $205 Billion Spending Plan Fuels AI Cost FearTrump Rebuilds Tariffs Wi
A $1 billion bet from 2015 has turned into one of the biggest investment wins in corporate history. Selling is another matter.
A leading Wall Street analyst says the AI spending arms race is still early, even as Tesla and Alphabet shares sink.
The automaker's "massive capex year" is driving investors toward the exit lane.
SpaceX, Oracle, and QuantumScape stocks fell to 52-week lows amid a broader market selloff in tech names, compounded by company-specific concerns.
By Junko Fujita TOKYO, July 24 (Reuters) - Japan's Nikkei share average fell more than 2% on Friday, as a sharp decline in Google parent Alphabet shares spurred concerns about heavy AI spending.
Leading cryptocurrencies dived alongside stocks on Thursday as elevated Middle East tensions trimmed investors’ risk appetite. Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:20 p.m. EDT)Bitcoin (CRYPTO: BTC)-1.51%$64,953.64Ethereum (CRYPTO: ETH) -3.13%$1,871.30XRP (CRYPTO: XRP) -2.80%$1.10Solana (CRYPTO: SOL) -2.87%$75.89Dogecoin (CRYPTO: DOGE) -5.02%$0.06921 Crypto Market in Red Bitcoin fell back to the mid-$64,000s, while Ethereum dropped to around $1,800, reversing earlier weekly gains.
Rocket Lab stock is down 32% in July, but it's still winning contracts.
The European Commission has opened a formal investigation into NasdaqGS:JD's proposed takeover of German electronics retailer Ceconomy. The review is being conducted under the EU Foreign Subsidies Regulation, which examines whether non EU state support distorts competition. The investigation brings closer scrutiny to JD.com's cross border expansion plans into Europe's consumer electronics market. JD.com, listed as NasdaqGS:JD, runs a large e commerce and logistics business in China with a...
Agnico Eagle Mines (NYSE:AEM) heads into its second quarter 2026 earnings report on July 29 with analysts having trimmed 2026 profit forecasts following a retreat in gold prices and a Zacks Rank of 5. See our latest analysis for Agnico Eagle Mines. Agnico Eagle Mines’ share price has pulled back from recent highs, with a 90 day share price return down 27.83% and a 30 day return down 9.77%. However, the 1 year total shareholder return of 15.96% and very large 3 year total shareholder return of...
Tesla shares sank heavily after reporting quarterly earnings.
While other tech giants spend on AI data centers, Big Blue aims to keep selling mainframes and pour profits into quantum computing.
Henry Ford Health has filed a lawsuit against CVS Health (NYSE:CVS) alleging fraudulent reimbursement practices tied to the federal 340B drug discount program. The complaint claims CVS manipulated pricing and engaged in retaliatory behavior, which Henry Ford Health says led to losses of more than US$29 million. The case adds to a series of disputes between large health systems and pharmacy operators over how 340B program discounts are administered. For investors following CVS Health, this...

<body><p>STORY: Wall Street stocks plummeted on Thursday, with the Dow dropping about 1%, the S&P 500 shedding 1.2% and the Nasdaq tumbling more than 2%.</p><p>The latest earnings results from large tech companies such as Alphabet and Tesla revived concerns about heavy AI spending, says Keith Buchanan, senior portfolio manager for Globalt Investments.</p><p>"We're at a point now where the hype has to kind of meet some level of realistic expectation, quantifiable expectation. And the markets are starting to digest just what this means to cash flow in some of the largest companies in the world going forward. And a lot of spending is eating into cash flow in a way that's making investors lose a bit of comfort and question a lot of valuations that have grown over the past couple of years. And that's what's really at the root of what's really hampering some of the market returns today and giving back some of the gains that we've gotten for the market over the past couple of weeks."</p><p>Shares of Alphabet sank 7% after the tech giant reported higher spending plans while it also burned cash.</p><p>And shares of Tesla tumbled 14.5% after Elon Musk's EV maker reported negative free cash flow in the second quarter for the first time in more than two years.</p><p>But shares of Intel rose 10% in extended trading after the company forecast quarterly profit and revenue above Wall Street estimates as an AI data center buildout increases demand for its central processing units, or CPUs.</p><p>Meanwhile, Brent crude oil futures settled above $100 a barrel for the first time since May, and U.S. oil futures settled above $92.</p><p>The surge in oil prices prompted worries about inflation ahead of next week's Federal Reserve policy meeting.</p></body>
A recent sharp sell-off in technology stocks was enough to send the Nasdaq 100 index tumbling 1.5%, but for one investor, the market reaction felt all too familiar. “Here we go again. Nasdaq drops nearly 2%, doom posts start flooding...
Elon Musk’s EV company lost a quarter of its value after revealing weak profits and high spending on AI and robotics
Sallie Mae (SLM) delivered earnings and revenue surprises of -36.96% and -6.31%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
The latest trading day saw AngloGold Ashanti (AU) settling at $78.42, representing a -3.39% change from its previous close.
In the closing of the recent trading day, V.F. (VFC) stood at $16.53, denoting a -3.73% move from the preceding trading day.
Lyft (LYFT) reached $14.02 at the closing of the latest trading day, reflecting a -4.37% change compared to its last close.
Diamondback Energy (FANG) closed the most recent trading day at $205.49, moving +1.22% from the previous trading session.
These are good times for copper producers. Demand for their product is decidedly robust, particularly for copper coil or copper plate or the ultra-pure copper broken up literally into atoms to make tiny, high-speed computer chips. Or all the wiring and related equipment used in data centers. Copper ...