Dow, S&P 500 fall as oil prices rise and Nvidia fails to lift sentiment
US stock indices moved lower on Thursday as rising oil prices and higher Treasury yields renewed concerns about inflation and geopolitical tensions, while investors evaluated whether Nvidia delivered enough upside…
Crypto platform Blockchain moves ahead with confidential IPO filing
Blockchain.com has confidentially filed for an initial public offering in the United States, the cryptocurrency exchange said on Thursday, marking another potential public market debut from the digital asset sector.Confidential…
Why is Nio stock falling despite revenue surge and strong EV delivery growth
Shares of Chinese electric vehicle maker Nio came under pressure after options trading reflected mixed investor sentiment and expectations for higher volatility, even as the company reported sharply higher revenue…
Why Nvidia stock is down 2% after blockbuster earnings
Nvidia (NVDA) delivered another blockbuster earnings report, but investors appeared unimpressed as the stock struggled to rally.Shares fell around 1.9% on Thursday morning, with the stock slipping to around $219.62…
Target posts strongest sales growth in years: Is growth back for good?
Shares of TGT rose on Wednesday after the retailer reported stronger-than-expected quarterly earnings and raised its full-year sales outlook, signaling that its turnaround strategy is beginning to gain traction despite…
Dow slips as Nvidia rally lifts Nasdaq ahead of crucial earnings
US stocks moved higher on Wednesday as investors piled back into semiconductor shares ahead of highly anticipated quarterly results from chip giant Nvidia, while easing Treasury yields and lower oil…
Intuit to cut 3,000 jobs, Reuters reports, as stock falls ahead of earnings
Intuit is laying off around 3,000 employees globally, or roughly 17% of its workforce, as the software company restructures operations and intensifies its focus on artificial intelligence initiatives.The job cuts…
Marvell stock jumps on AI networking demand: Is more upside coming?
Shares of Marvell Technology (MRVL) surged on Wednesday as Wall Street analysts raised price targets ahead of the chipmaker’s upcoming quarterly earnings report, citing accelerating demand for artificial intelligence infrastructure…
From ServiceNow to Salesforce: why are software stocks rallying today?
Software stocks rallied sharply on Tuesday, extending a rebound in a sector that had come under intense pressure this year amid concerns that artificial-intelligence agents could threaten traditional enterprise software…
India’s scorching summer likely to push power demand even higher
India’s power demand has surged to fresh records this week as a brutal heatwave grips much of the country, pushing electricity consumption to levels never seen before. Bloomberg reported that peak…