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A number of stocks fell in the afternoon session after the April PPI report lifted the 10-year Treasury yield to a 10-month high of 4.49%, eliminating 2026 rate-cut expectations and raising the discount rate for long-duration growth valuations.
Multiple federal securities class action lawsuits have been filed against Pinterest (NYSE:PINS), alleging material misstatements related to advertising revenue and restructuring plans. The lawsuits coincide with Pinterest reporting stronger than expected first quarter results, supported by growth in AI powered ad capabilities. The company has also been active in share repurchases, which is now part of the backdrop for the legal challenges. Pinterest runs a visual discovery and shopping...
If you are wondering whether Pinterest's current share price lines up with its underlying value, the recent moves in the stock give you plenty to think about. The stock last closed at US$22.28, with returns of 12.1% over the past week and 22.6% over the past month, while the year to date return sits at a 16.1% decline and the 1 year return at a 17.5% decline. These price swings have come as investors reassess the broader opportunity for digital advertising and social platforms, with...
The Nasdaq Composite (^IXIC) opened higher Tuesday, with the tech-heavy benchmark riding a familiar trio of tailwinds: a fresh wave of strong earnings, a sharp pullback in crude oil, and a pause in Middle East escalation. Risk appetite is back, and the Nasdaq Composite (^IXIC) is riding the bullish wave. Google parent company Alphabet (Nasdaq: GOOGL), ... Alphabet, Intel, Micron Lead Nasdaq Higher as Oil Drops on Paused Mideast Tensions
OLED Q1 earnings and revenues miss as weak demand, mix shifts and lower volumes weigh, prompting a 2026 revenue outlook cut amid uncertainty.