Sportswear giant Nike reported a sharp drop in second-quarter profit on Friday, overshadowing better-than-expected revenue and earnings and sending its shares down more than 10% in premarket trading, as investors…
Category:
Ideas
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The recent US seizure of a tanker off Venezuela’s coast will have a limited immediate effect on the Chinese market. A significant amount of Venezuelan oil was already headed to…
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Rocket Lab stock (NASDAQ: RKLB) plunged 8% on Monday despite the company’s successful RAISE-4 mission for Japan’s space agency JAXA. The stock dive is seen as a counterintuitive pullback that…
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Tesla stock rallied higher on Monday, extending a broader rebound that has unfolded despite a deteriorating backdrop for the company’s core automotive business. The EV stock’s year-to-date gains continue to…
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Shares of online real estate listing companies tumbled on Monday after Alphabet’s Google was found testing a new format that places homes-for-sale ads directly at the top of search results,…
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Oracle stock came under renewed pressure on Monday, extending a bruising selloff that has weighed heavily on the stock for several weeks. The cloud computing giant has lost more than…
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Europe’s policy, regulatory, and tech landscape is in flux as central banks, governments, and businesses adjust to mounting economic and political pressures. In the UK, the Bank of England faces…
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Global markets and policymakers faced a turbulent start to the week as Australia mourned a deadly antisemitic attack at Sydney’s Bondi Beach, and China reported fresh signs of economic slowdown.…
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The S&P 500 turned negative on Monday as selling in major artificial intelligence names weighed on the broader market. The index edged down roughly 0.3% in midday trading, while the…
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BigBear.ai shares (NYSE: BBAI stock) tumbled roughly 6% on Monday, extending the broader market’s pullback from artificial intelligence and high-beta technology names. The decline erased near-term gains despite the company’s…