Financial
Traders Bet on Adobe CEO's AI Remarks Ahead of Earnings Call
SAN FRANCISCO — Investors and speculators are placing wagers on the specific topics Adobe Inc. Chief Executive Shantanu Narayen will address during the company's fiscal third-quarter earnings call, wi...
Meta Agrees to $18 Billion Settlement Over Teen Social Media Mental Health Claims
SAN FRANCISCO — Meta Platforms Inc. agreed on Wednesday to pay $18 billion to settle widespread allegations that its social media platforms harmed the mental health of teenagers, marking one of the la...
Apple Unveils Foldable iPhone Duo as Carriers Launch Subscription Bundles
CUPERTINO, Calif. (AP) — Apple Inc. unveiled its first foldable smartphone, the iPhone Duo, on Wednesday, marking a significant expansion of its flagship lineup with a device featuring a 7.6-inch flex...
Micron Closes Gap on SK Hynix in Global DRAM Market Share
SAN FRANCISCO — Micron Technology Inc. narrowed its gap with rival SK Hynix to just 1.6 percentage points in global DRAM market share during the second quarter of 2026, marking a significant shift in ...
Bitcoin Miners Plunge as Treasury Yields Rise and Risk Sentiment Fades
NEW YORK — Shares of major Bitcoin mining companies tumbled on Thursday morning as rising Treasury yields triggered a broad rotation out of high-beta technology equities, amplifying losses across the ...
Reddit Shares Surge on Accelerated User Growth as Social Media Sector Rallies
NEW YORK (AP) — Reddit Inc. shares jumped more than 12% in midday trading Wednesday after new data revealed the social media platform recorded its fastest monthly user growth rate of the year in Augus...
Corporate Spending and Treasury Buybacks Drive Bond Yields Higher Amid Housing Strain
WASHINGTON — Intense competition between massive corporate capital expenditures and aggressive Treasury buyback operations is pushing U.S. bond yields higher, exacerbating pressure on the housing mark...
Robinhood Secures First Formal IPO Underwriting Role in Major Syndicate
SAN FRANCISCO — Robinhood Markets Inc. has secured its first formal underwriting role in an initial public offering syndicate, marking a significant expansion of the fintech firm's institutional capab...
Qorvo Shares Hit 52-Week High Amid Surge in Investor Confidence
LONDON — Qorvo Inc. shares climbed to a 52-week high of $109.64 on Thursday, driven by renewed investor optimism regarding the semiconductor firm's operational performance and future growth trajectory...
Options Trader Mike Khouw Targets Vertiv Holdings Through 2027 Amid AI Expansion
NEW YORK — Options trader Mike Khouw has structured a long-term bullish trade on Vertiv Holdings Co. (VRT), positioning the stock for potential gains extending into early 2027. The trade, executed in ...
Motley Fool urges investors to sell PayPal amid declining take rates and flat growth
SAN FRANCISCO — The Motley Fool published an analysis on Wednesday advising investors to sell or avoid shares of PayPal Holdings Inc., citing a significant erosion in the digital payments giant's tran...
Analyst Identifies Three Consumer Stocks for September Investment
NEW YORK — Micah Zimmerman of The Motley Fool has identified three consumer sector stocks as primary candidates for purchase in September, citing a combination of dividend yields and potential growth ...
Analysts See Significant Upside for Alphabet Stock Despite Recent Pullback
SAN FRANCISCO — Analysts from 24/7 Wall St. have identified significant upside potential for Alphabet Inc. shares, arguing that the market has failed to fully price in the technology giant's accelerat...
Barometer Capital Highlights Lam Research Performance in Volatile Second Quarter
NEW YORK — Barometer Capital Management released its second-quarter 2026 investor letter on Wednesday, detailing how Lam Research Corporation served as a key positive contributor to the firm's portfol...
Barometer Capital Highlights Caterpillar as Key Q2 2026 Industrial Performer
NEW YORK (AP) — Barometer Capital Management identified Caterpillar Inc. as a primary driver of returns within the Industrials sector in its second-quarter 2026 investor letter, released Wednesday. Th...
AMD Shares Surge on Piper Sandler Upgrade While Intel Holds Steady Following New Coverage
SAN FRANCISCO — Advanced Micro Devices Inc. and Intel Corp. emerged as the most significant market capitalization movers in U.S. technology stocks Thursday, reacting sharply to new analyst coverage in...
American Century Fund Highlights Bloom Energy in Q2 2026 Letter Amid AI and Fuel Cell Demand
NEW YORK, Sept. 10 (AP) — American Century Investments disclosed on Wednesday that its Focused Dynamic Growth Fund has maintained a position in Bloom Energy Corp., citing the fuel cell manufacturer's ...
AeroVironment Beats Earnings Expectations, Secures $464 Million Army Contract for Directed Energy Systems
SANTA CLARITA, Calif. — AeroVironment Inc. reported strong first-quarter fiscal 2027 earnings that significantly exceeded analyst expectations on Wednesday, driven by robust demand for its unmanned ae...
AngloGold Ashanti Shares Slide on BMO Downgrade Amid Mixed Earnings and Market Headwinds
Shares of AngloGold Ashanti fell 4.4% in morning trading on Thursday after Bank of Montreal Capital Markets downgraded the stock from Outperform to Market Perform. The downgrade, announced during U.S....
Zacks Equity Research Analyzes Baidu Stock Trends Amid Earnings Revisions
SAN FRANCISCO — Zacks Equity Research released a comprehensive analysis on Wednesday detailing the factors driving recent volatility in Baidu Inc. stock, highlighting a divergence between the company'...
Teamsters Union Signals Potential 2028 Strike Against UPS Over Contract Disputes
The International Brotherhood of Teamsters has announced preparations for a potential strike against United Parcel Service (UPS) in 2028, citing unresolved issues regarding automation, outsourcing, an...
Barometer Capital Names NVIDIA Top Contributor in Q2 2026 Investor Letter
NEW YORK (AP) — Barometer Capital Management identified NVIDIA Corporation as a primary driver of returns in its tactical equity pool during the second quarter of 2026, citing the chipmaker's continue...
Deutsche Bank downgrades AstraZeneca shares despite positive tozorakimab data
LONDON (AP) — Deutsche Bank issued a "sell" rating on AstraZeneca PLC shares on Wednesday, citing concerns over long-term revenue projections even as the pharmaceutical giant reported encouraging clin...
Polymarket Appoints First CFO Amid Regulatory Scrutiny and Funding Push
SAN FRANCISCO — Polymarket, the leading prediction market platform, has appointed Warren Jenson as its first chief financial officer to oversee corporate finances as the company attempts to regain mom...
MasterCraft Boat Holdings Stock Surges After Beating Earnings Forecasts
MONTICELLO, Ky. — Shares of MasterCraft Boat Holdings Inc. jumped 6.5% in pre-market trading on Wednesday after the luxury boat manufacturer reported fiscal fourth-quarter and full-year 2026 results t...
Axogen Shares Drop 9% on Acquisition of BioCircuit and Dilutive Equity Raise
Shares of Axogen Inc. fell approximately 9.0% in pre-market trading Thursday following the company's announcement of a transformative acquisition of BioCircuit Technologies paired with a significant d...
Nasdaq Invests $100 Million in Payward to Build Tokenized Equity Infrastructure
NEW YORK, Sept. 10 (AP) — Nasdaq Inc. announced Wednesday a $100 million investment in Payward, the parent company of cryptocurrency exchange Kraken, to develop infrastructure for trading tokenized eq...
Element 29 Resources Upgrades U.S. Listing to OTCQX Best Market
VANCOUVER, Sept. 10 (Reuters) - Element 29 Resources Inc. announced on Wednesday that it has successfully upgraded its listing from the OTCQB Venture Market to the OTCQX Best Market, a move designed t...
Macy's Raises Full-Year Outlook as Bloomingdale's and Bluemercury Drive Gains
NEW YORK — Macy's Inc. raised its annual sales and profit forecasts on Wednesday, citing stronger-than-expected performance at its upmarket Bloomingdale's and Bluemercury chains alongside a surge in s...
BofA Securities Raises Oddity Tech Price Target to $10 on Strong Q2 Performance
NEW YORK — Bank of America Securities raised its price target on Oddity Tech Ltd. stock to $10.00 on Thursday, citing better-than-expected second-quarter earnings results that defied a year-over-year ...