DJT stock flashes a warning sign as Trump Media risks build
Trump Media stock continued its strong downward trend, reaching its lowest level on record as headwinds jumped. DJT fell to $6.9, down by 60% from its highest point this year…
BofA favours ‘risk-off’ for November; reasons go beyond midterm elections
Bank of America sees little reason for investors to rush back into stocks ahead of November.Strategist Michael Hartnett favours a defensive stance because of a combination of stubbornly high borrowing…
The AI trade is changing: here’s how to play it now
The artificial intelligence trade has faced several headwinds this year, but last week’s sell-off struck at the foundations of the multiyear AI infrastructure boom, revealing a stark shift in investor…
Jordan is driving Nike’s resale volume growth: buy NKE stock?
Nike’s (NKE) Jordan brand is gaining ground among sneaker resellers, offering an “encouraging” signal for a business still struggling to regain its footing.Citi’s tracking showed Nike captured 72.3% of resale…
Strategy stock (MSTR) falls as MSCI index exclusion threatens passive investments
Strategy (formerly known as MicroStrategy) stock (MSTR) fell on Friday as investors assessed the potential removal of the Bitcoin treasury company from MSCI’s global equity indexes, despite a rise in…
Apple shares rise after iPhone Duo pre-orders sell out within minutes
Apple AAPL shares edged higher after the company’s first foldable smartphone, the iPhone Duo, sold out shortly after preorders opened on Friday.At 11:05 AM EST, the stock was trading around…
Will higher interest rates slow AI spending soon? Here’s what investors must know
Stocks across the world are selling off again on Thursday in an already brutal week for AI stocks, which has been marked by investor jitters over the sustainability of AI…
Three stocks poised to beat estimates this earnings season
Third-quarter earnings season has opened unevenly. JPMorgan, Wells Fargo and Citigroup posted missed results this week, while UnitedHealth topped forecasts for both revenue and profit.Only 27 constituent companies of the…
Intel, AMD plummet further on Thursday: what’s behind the fall?
Intel INTC and Advanced Micro Devices shares extended their losses on Thursday as the semiconductor sell-off continued across the sector, with even Taiwan Semiconductor Manufacturing Co.’s record quarterly results failing…
Netflix announces layoffs: another sign of distress?
Netflix (NFLX) is laying off about 6% of its global workforce, or roughly 1,000 of its employees, adding another uncomfortable headline to its ongoing struggle with slowing growth.These job cuts,…