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Accenture Stock Tumbles Toward Lowest Level Since 2017
The Wall Street Journal50d agobearish
Accenture Stock Tumbles Toward Lowest Level Since 2017

Accenture stock is plunging today in a decline that would be its worst on record if it holds through market close. The professional services firm warned Thursday that it could bring in less revenue than expected, dogged by turmoil in the Middle East and investor worries about its AI future.

Investing.com50d agobearish
Amazon explores selling AI chips to challenge Nvidia

Investing.com -- Amazon is in talks to sell its Trainium AI chips directly to other companies for use in their data centers, according to a report from Bloomberg News, citing an interview with Amazon’s AI Chief, Peter DeSantis. The move represents an effort to compete with Nvidia and take advantage of growing global demand for AI infrastructure.

SpaceX Drops 8% as the Post-IPO Cooldown Deepens: Profit-Taking or Fading Hype?
24/7 Wall St.50d agobearish
SpaceX Drops 8% as the Post-IPO Cooldown Deepens: Profit-Taking or Fading Hype?

SpaceX (NASDAQ:SPCX) stock is down 8% on Thursday, June 18, sliding to $176 a day after the Federal Reserve’s latest policy decision. The pullback broke a three-day winning streak, the first losing session since the company’s IPO on June 12. SPCX stock touched a session high of $188.40 and then dropped quickly. That volatility, following ... SpaceX Drops 8% as the Post-IPO Cooldown Deepens: Profit-Taking or Fading Hype?

Gas prices fall but chip demand is causing a new headache
Yahoo Finance Video50d agobearishVIDEO
Gas prices fall but chip demand is causing a new headache

Consumers may finally be getting some relief at the pump, with gas prices falling to their lowest levels since March following the Iran peace deal. But any savings could be offset elsewhere, as the AI-driven chip shortage pushes up the price of Apple (AAPL) iPhones. Hennion & Walsh CIO Kevin Mahn and Yahoo Finance Senior Business Reporter Ines Ferre join Julie Hyman to discuss the latest pressures on consumers and how the Fed is navigating the shifting inflation landscape.

Waymo Has a Tesla-Like Recall. What It Means for Alphabet Stock.
Barrons.com50d agobearish
Waymo Has a Tesla-Like Recall. What It Means for Alphabet Stock.

Waymo is recalling 3,871 robo-taxis to correct software that might allow a vehicle to enter a freeway construction zone, according to a National Highway Traffic Safety Administration notice. For starters, it illustrates the size of the Waymo robo-taxi fleet. The Alphabet -owned ride-hailing network operator is expanding across the country, along with other companies, including Tesla Amazon.com -backed Zoox, and others.

Accenture to take majority stake, acquire cybersecurity firms in $4.18 billion deal
Reuters50d agobearish
Accenture to take majority stake, acquire cybersecurity firms in $4.18 billion deal

Consultancy firm Accenture said on ‌Thursday it will ‌buy a majority stake ​in Dragos and fully acquire runZero and NetRise in a ‌combined deal ⁠valued at $4.18 billion. Shares of the ⁠Dublin, Ireland-based company fell about 5% ​in premarket ​trading. Separately, ​the company ‌also cut the top end of its annual revenue forecast.

Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'
Benzinga51d agobearish
Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'

Tom Sosnoff, Chief Executive Officer at LossDog, predicted that Space Exploration Technologies Corp. (NASDAQ:SPCX) stock will head “under 135″—dropping below its initial public offering price—after revealing he locked in rapid profits by selling his own allocation “at 158.” The Post-IPO Prediction Speaking on the episode of The Drift with Benzinga, Sosnoff expressed strong conviction that the newly public aerospace giant is bound for a downward correction before the end of the year. While he dis

Analyst hikes Robinhood price target after job cuts
TheStreet51d agobearish
Analyst hikes Robinhood price target after job cuts

Founded by Stanford graduates Vladimir Tenev and Baiju Bhatt in 2013, Robinhood Markets (Nasdaq: HOOD) is a brokerage platform that has become popular with its stock, cryptocurrency, tokenized stock, and event prediction contract offerings. The company made news on June 16 when it ...

Michael Saylor reveals key reason for Bitcoin's crash
TheStreet51d agobearish
Michael Saylor reveals key reason for Bitcoin's crash

Michael Saylor used a high-profile appearance at BTC Prague to address two separate issues at once: criticism over Strategy's (Nasdaq: MSTR) recent Bitcoin sale, and his own theory for why Bitcoin has been lagging this year. Speaking with Natalie Brunell, the Strategy co-founder and executive ...

Dow Drops 400 Points, S&P 500 Falls 1% After Fed Meeting Ends
Barrons.com51d agobearish
Dow Drops 400 Points, S&P 500 Falls 1% After Fed Meeting Ends

Stocks fell to session lows after Kevin Warsh wrapped up his first press conference as Fed chairman. The Dow fell 410 points, or 0.8%. The S&P 500 fell 1.1%. The Nasdaq dropped 1%. Warsh signalled big changes could be coming to how the central bank communicates, but he mostly said changes will be made after convening various task forces.

Stocks Fall as Warsh Downplays Market Reaction
Barrons.com51d agobearish
Stocks Fall as Warsh Downplays Market Reaction

Stocks were lower again as Kevin Warsh didn’t seem particularly interested in the market’s reaction to his first press conference as Fed chairman. “This is a lot of change for financial markets to digest,” Warsh said, referring to efforts to reshape the central bank. Warsh said he plans to form task forces to better deliver on the Fed’s goals.