Stock traders view the Iran war as a temporary shock, contrasting with the Treasury market pricing in a more protracted conflict.
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Stock traders view the Iran war as a temporary shock, contrasting with the Treasury market pricing in a more protracted conflict.
Shivon Zilis was an under-the-radar executive at Elon Musk’s companies and an OpenAI board member back in 2022. But she was hiding a major secret – Musk was the father of her twins born the year before.
US equity indexes were lower ahead of Thursday's close as Iran reportedly set up an agency to contro
The AI optics trade is taking a breather. Shares of Applied Optoelectronics (NASDAQ:AAOI) are down 14% in midday trading, while Coherent (NYSE:COHR) is off 10% and Lumentum (NASDAQ:LITE) is sliding 7%. The selloff is sector-wide. Ciena (NYSE:CIEN) is lower by 10% and Fabrinet (NYSE:FN) is down 8%, confirming this is correlated basket selling rather than ... Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools
Google faces a fresh UK lawsuit accusing it of abusing its dominance in online display advertising, the claimants announced Thursday, in the latest antitrust action against the US tech giant.A separate lawsuit filed in UK courts last year also accused Google of overcharging for online advertising.
Shareholders will be ecstatic, with their stake up 26% over the past week following Powell Industries, Inc. 's...
Residential solar companies face bankruptcies, soft first-quarter sales, and shrinking demand after federal tax credit changes.
Investors focus on software fix and Roadster
The telecom company said the reductions affect employees across the U.S., with the largest concentration at its New Jersey headquarters
Investing.com -- Broadcom (NASDAQ:AVGO) shares fell 4% Thursday afternoon following a report that its AI chip deal with OpenAI has encountered an $18 billion financing obstacle.
US job cuts increased in April to the third-highest total for the month since 2009 as technology com
Goldman Sachs clearly isn’t sitting on the sidelines when it comes to Advanced Micro Devices (AMD) stock, given its eye-popping price target reset following earnings. The bank bumped its rating on the chipmaker to Buy from Neutral and raised its price target to $450 from $240 (a stunning 88% ...
Malone's lawyers argue the perfumer has every right to use her own name, and wonder why the Estée Lauder Cos. has filed suit now, 14 years after the founding of Jo Loves, and seven years after the first fragrance collaboration with Zara.
Chinese rivals move faster into global markets
All 11 S&P 500 sectors finished lower Thursday, the first time that has happened since March 18
This alternative asset manager offers fee-based strategies to institutional and high-net-worth clients in the industrials sector.
Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index down 0.8% and the
SRE matches Q1 earnings estimates as strong infrastructure and Texas utility results help offset lower revenues and rising debt.
IonQ beats revenue estimates on surging commercial sales but posts a wider adjusted loss, sending shares down after hours.
Adobe is down 26.7% YTD and trades at a low 10.08 P/E as it ramps GenAI across Creative Cloud, yet muted sentiment suggests wait and see.
Upstart stock dives as investors stand disappointed following weak earnings figures and revenue guidance.

<body><p>STORY: Shares of Shake Shack plunged as much as 30% on Thursday and were heading for their worst day ever after the restaurant chain reported a quarterly profit loss and missed Wall Street's revenue estimates.</p><p>Shake Shack said it was hurt by rising commodity costs, including beef, and weak consumer spending.</p><p>And it's not the only fast‑food chain seeing consumers tighten their belts.</p><p>McDonald's, Domino's and Papa John's all reported weaker quarterly sales growth, signaling pressure on consumer spending from rising gas prices driven by the U.S. war in Iran.</p><p>Companies like Chipotle and Restaurant Brands International have also flagged rising beef prices, which have set records due to dwindling U.S. cattle supplies.</p><p>Shake Shack executives said on a post-earnings call that the company's short-term results will continue to be impacted by the ongoing war in the Middle East.</p></body>
Coinbase to release results after announcing layoffs, AI restructuring plan. Senators reach Clarity Act compromise. COIN stock eases with bitcoin.
Cash would be used to fund dividend payments, after Strategy reported a first-quarter loss of $12.5 billion.
Core Scientific, Inc. (Nasdaq: CORZ), a data infrastructure company involved in Bitcoin (BTC) mining and artificial intelligence (AI) operations, reported the earnings for the first quarter of the year on May 6. The company reported a loss of $347.18 million during the quarter as revenue ...
Even after a brutal post-earnings sell-off, Wall Street isn’t giving up on Arista Networks stock.
US equity indexes traded mixed midday Thursday as investors weighed a surge in planned April layoffs
The FTSE 100 has tumbled after hopes of a peace deal in the Middle East hit shares in oil and defence companies. London’s premier stock index fell 1.5pc on Thursday, more than other markets across Europe and in the US. Defence majors BAE Systems and Babcock International sank by 5pc and 2.2pc respectively following reports that the US and Iran were close to reaching a peace deal. Shares in BP were down by 2.6pc while Shell dropped by 2.9pc after oil prices fell below $100 a barrel on hopes that