Financial
Tech Stocks Surge on Iran-U.S. Peace Hopes
SAN FRANCISCO — Shares of major technology firms Autodesk, BILL, and Snowflake climbed sharply in afternoon trading Wednesday as investors responded to a sudden shift toward risk-on sentiment driven b...
North Korean threat actor UNC1069 compromises Zerion device, steals $100K in internal funds
SEOUL — A North Korean cyber threat actor known as UNC1069 compromised a Zerion team member's device on April 16, 2026, using an AI-enabled social engineering attack that resulted in the theft of appr...
Major Fire Erupts at Geelong Refinery, Australia's Fuel Supply Under Threat
GEELONG, Australia (AP) — A significant fire broke out Wednesday morning at the Geelong refinery, one of only two operational oil refineries remaining in Australia, raising immediate concerns about th...
Bank of Israel Estimates War Costs at $112 Billion Through 2026
JERUSALEM — The Bank of Israel released a report on Wednesday estimating the financial cost of warfare initiated by Prime Minister Benjamin Netanyahu's cabinet will reach approximately $112 billion ov...
Nolan Unveils 'The Odyssey' Footage at CinemaCon
LAS VEGAS — Director Christopher Nolan presented exclusive footage from his upcoming epic "The Odyssey" at CinemaCon on Wednesday, showcasing a high-stakes Trojan Horse attack sequence and detailing t...
D-Wave Quantum Stock Surges 22% Following Nvidia's Ising Model Announcement
SAN FRANCISCO — D-Wave Quantum Inc. shares climbed 22.63% on Tuesday as the release of Nvidia Corp.'s new open-source Ising quantum AI models ignited a broad rally across the quantum computing sector....
Eos Energy, TURBINE-X Partner to Build Power Infrastructure for AI Data Centers
NEW YORK (AP) — Eos Energy Enterprises and TURBINE-X announced a joint development agreement Monday to deploy private power infrastructure specifically designed for artificial intelligence data center...
Snap Inc. Announces 1,000 Job Cuts and $500 Million Cost-Saving Plan
SAN FRANCISCO — Snap Inc. announced a major restructuring plan on Tuesday that includes eliminating 1,000 jobs and a $500 million cost-saving initiative, a move that sent its stock price up 7.68% in a...
Tech Shares Surge as U.S.-Iran Tensions Ease
NEW YORK (AP) — Shares of Atlassian and Shopify climbed sharply Tuesday afternoon as a broader market rally took hold, fueled by reports of potential peace negotiations between the United States and I...
Allbirds Stock Surges 600% After Pivot to AI Business
SAN FRANCISCO — Allbirds stock jumped more than 600% on Monday after the footwear company announced a strategic pivot to an artificial intelligence business, rebranding as NewBird AI. The company sai...
U.S. stocks hit record highs as tech surge offsets Dow decline
NEW YORK — U.S. equity markets closed mixed on Tuesday, with the S&P 500 and Nasdaq Composite reaching new all-time highs while the Dow Jones Industrial Average retreated. The divergence highlighted a...
TeraWulf Shares Drop 6% After Pricing $900 Million Stock Sale
NEW YORK (AP) — TeraWulf Inc. shares fell 6.11% on Monday after the company priced a $900 million common stock sale, raising immediate investor concerns regarding equity dilution and the firm's debt l...
U.S. Stocks Near Records as Investors Anticipate End to U.S.-Israeli Conflict with Iran
NEW YORK — U.S. stock markets are approaching record highs on Tuesday as investors increasingly treat the conclusion of the U.S.-Israeli war with Iran as a foregone conclusion. The S&P 500 and the Dow...
Tesla Shares Rise After Musk Announces AI5 Chip Design Completion
AUSTIN, Texas (AP) — Tesla Inc. shares climbed 8% on Monday following an announcement by Chief Executive Elon Musk that the company has completed the tape out of its AI5 chip design, a critical milest...
Investors urged to avoid selling during market volatility amid 2026 downturn
NEW YORK — Financial advisors are warning investors that the primary driver of losses during stock market crashes is the decision to sell holdings during periods of high volatility, a message gaining ...
Analyst Identifies Three Stocks Resilient to Market Volatility Amid Economic Uncertainty
NEW YORK (AP) — Financial analyst David Jagielski of The Motley Fool has identified three major U.S. corporations—ExxonMobil, Eli Lilly, and Berkshire Hathaway—as potential defensive investments capab...
Plainfield Students Win 2026 Stock Market Challenge
PLAINFIELD, N.J. — Students from Plainfield Public Schools were named winners in the 2026 Stock Market Challenge on Monday, marking a significant achievement for the district's financial literacy prog...
Goldman Sachs Reiterates Sell Rating on NOV Inc. Amid Middle East Disruptions
NEW YORK — Goldman Sachs reiterated a Sell rating on NOV Inc. stock on Monday, citing significant operational disruptions in the Middle East that are impacting the oilfield services company's financia...
Raymond James Reaffirms Strong Buy on Viant Technology Following TVision Acquisition
ST. PETERSBURG, Fla. — Raymond James reiterated a Strong Buy rating and a $17.00 price target on Viant Technology Inc. on Monday, citing the company's strategic acquisition of TVision Insights and rob...
UBS Maintains Neutral Rating on Carter's Inc. Following Q1 Earnings
NEW YORK (AP) — UBS maintained a Neutral rating and a $40 price target on Carter's Inc. stock on Tuesday, citing the children's apparel company's solid first-quarter earnings and an improved outlook f...
IonQ Shares Surge 20% on DARPA Contract and Quantum System Breakthrough
WASHINGTON (AP) — Shares of quantum computing firm IonQ Inc. jumped more than 20% on Tuesday, propelled by the announcement of a new contract with the U.S. Defense Advanced Research Projects Agency an...
Oracle Shares Surge on Expanded Bloom Energy Partnership and New AI Tools
SAN FRANCISCO (AP) — Oracle Corp. shares climbed significantly Monday following the announcement of an expanded fuel-cell power partnership with Bloom Energy Corp. and the introduction of new artifici...
Nasdaq Extends Winning Streak to 10 Sessions as Tech Stocks Rally
NEW YORK (AP) — The Nasdaq Composite extended its winning streak to 10 consecutive sessions on Monday, driven by a broad rally in technology stocks and a sharp decline in crude oil prices. The index c...
CISA Cancels Summer Cyber Internships Amid DHS Funding Lapse
WASHINGTON — The Cybersecurity and Infrastructure Security Agency (CISA) has cancelled its summer internship program for cyber scholarship students following a lapse in Department of Homeland Security...
Cramer warns investors who fled market may regret exit as fears fail to materialize
NEW YORK — Jim Cramer warned Monday that investors who abandoned the stock market during recent volatility may face regret as the anticipated negative scenarios failed to materialize. The financial co...
Asian Stocks Rise on US-Iran Peace Optimism, Lower Oil Prices
TOKYO (AP) — Asian stock markets opened higher Monday, buoyed by a rally in U.S. equities and growing optimism that renewed peace talks between the United States and Iran could stabilize global energy...
S&P 500 Nears Record High Despite Strait of Hormuz Closure
NEW YORK — The S&P 500 closed near its all-time high on Tuesday as investors appeared willing to overlook the ongoing closure of the Strait of Hormuz. The benchmark index gained ground throughout the ...
Wells Fargo Analysts Project S&P 500 Surge to 7,300 by July
NEW YORK — Wells Fargo analysts forecast the S&P 500 could reach a record high of 7,300 by July in a bullish scenario, driven by artificial intelligence expansion, legislative initiatives, and major g...
Avanos Medical Shares Surge on $1.27 Billion AIP Buyout Offer
NEW YORK — Shares of Avanos Medical Inc. climbed sharply Monday after AIP announced a definitive agreement to acquire the medical device manufacturer in an all-cash transaction valued at $1.27 billion...
US Stocks Rally on Iran Talks Progress, Lower Inflation Data
NEW YORK — U.S. stock markets surged Monday as diplomatic progress between Washington and Tehran eased geopolitical tensions, while cooler-than-expected inflation data reinforced expectations for Fede...