AST SpaceMobile stock sinks on double dose of bad news
AST SpaceMobile (ASTS) shares are taking a hit this morning due to a combination of a massive new debt raise and delays in their commercial satellite launch timeline.The sell-off crashed…
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Lucid Group stock has crashed amid bankruptcy fears: Is it safe to buy the dip?
Lucid Group stock is attempting to rebound today, July 15, after plunging more than 40% in the previous session. LCID rose by about 2% in premarket trading to $4.73, recovering…
Dow rises 140 points as softer inflation, BlackRock, PayPal lift US stocks
US stocks opened higher on Wednesday after investors responded to another softer-than-expected inflation report and a fresh round of corporate earnings.Chip stocks fell even after upbeat guidance from ASML.The Dow…
Alibaba stock jumps as Apple integrates Qwen AI into Apple Intelligence in China
Alibaba’s US-listed shares rose more than 6% on Wednesday after the Chinese technology giant confirmed that its Qwen artificial intelligence model will power Apple Intelligence features for users in China.This…
Morgan Stanley earnings: record profits warrants buying at current levels
Morgan Stanley (MS) shares are inching higher on Wednesday morning after the bank posted Q2 earnings that came in miles above Street estimates.The multinational reported a 27% year-on-year increase in…
Microsoft stock is rising 3% on Wednesday: here’s why
Microsoft MSFT stock rose about 3% on Wednesday as Wall Street analysts reaffirmed their bullish outlook on the software giant despite trimming some price targets ahead of the company’s fiscal…
Nasdaq rises as soft CPI eases Fed fears, IBM plunges over weak outlook
US stocks opened higher on Tuesday after softer-than-expected June inflation data reduced expectations of an immediate Federal Reserve rate hike. Investors also assessed second-quarter earnings from major US banks and corporate…
Citigroup stock rises after reporting strong Q2 results driven by trading and growth
Citigroup beat Wall Street estimates for second-quarter profit after reporting its highest quarterly revenue in a decade, as strong trading activity and higher investment banking fees boosted results.The bank reported…
Apple stock falls after KeyBanc downgrade on slowing growth concerns
Apple AAPL stock fell around 1% on Tuesday after KeyBanc Capital Markets downgraded the iPhone maker, citing slowing hardware demand, weaker growth expectations, and valuation concerns despite the stock’s strong…
Bank of America Q2 earnings weren’t without pockets of weakness
Bank of America (BAC) shares are extending gains on Tuesday morning after the investment firm came in handily above Street estimates for its fiscal Q2.BAC earned $1.21 on a per-share…