Investors are turning their attention to Micron Technology’s upcoming earnings report for clues on whether the artificial intelligence-driven rally in the US stocks can sustain its momentum. While major US stock indexes remain close to record highs despite a sharp mid-week selloff, markets have continued to draw support from strong corporate earnings linked to the
UK equities were largely unchanged on Friday as the cancellation of US-Iran peace talks in Switzerland dampened investor sentiment and kept risk appetite subdued. Gains in energy and healthcare stocks, however, helped limit broader market losses. The benchmark FTSE 100 index slipped 5.40 points, or 0.05%, to 10,394.30 by 0948 GMT. The domestically focused FTSE
Cathie Wood’s ARK Invest increased its exposure to Tesla and Snowflake on Thursday while continuing to trim its position in Roku, according to the firm’s latest daily trading disclosures. The moves underscore ARK’s continued focus on artificial intelligence, cloud software, and long-term technology themes even as market volatility persists around some of its biggest holdings.
Reliance Industries Chairman Mukesh Ambani announced a series of major developments at the company’s annual general meeting, led by plans to list Reliance Jio platforms in what could become one of India’s largest initial public offerings, while also outlining ambitious expansion plans across artificial intelligence, retail, and new energy. The proposed listing aimed at unlocking
SpaceX shares have soared following their blockbuster IPO debut, rising as much as 67% above the $135 offer price and pushing the stock to $225 before recent pullbacks. Despite the strong early performance, attention is now shifting toward the company’s staggered lockup schedule, which could introduce significant new supply into a tightly held market. The
The number of Americans filing new applications for unemployment benefits fell last week, indicating that layoffs remain low and that the US labour market continues to show resilience despite broader economic uncertainties. Initial claims for state unemployment benefits dropped by 4,000 to a seasonally adjusted 226,000 for the week ended June 13, the Labor Department
US stocks opened higher on Thursday as investors looked to recover from the previous session’s selloff, with optimism surrounding a temporary US-Iran peace agreement helping offset concerns about a more hawkish Federal Reserve under new Chair Kevin Warsh. The Dow Jones Industrial Average rose about 349 points, or 0.68%, while the S&P 500 gained 1.03%.
SpaceX stock (SPCX) fell sharply on Thursday, extending a pullback that has emerged after the stock’s explosive rally following its record-breaking initial public offering last week. Shares of Elon Musk’s space and artificial intelligence company dropped 5% in early trading as investors took profits after a rapid ascent that briefly made SpaceX one of the
BitMine stock price has crashed this year as Tom Lee’s Ethereum bet backfires. BMNR dropped to $15.70 on Wednesday, down substantially from last year’s high of $160. This retreat may continue as Cathie Wood pares back her holdings and as the Ethereum price remains under pressure. BitMine stock has slipped amid soaring unrealized losses Tom
Shares of Marvell Technology climbed on Thursday after the semiconductor company received a major price target increase from KeyBanc Capital Markets and announced a milestone shipment of photonic chips used in artificial intelligence data centers. MRVL shares rose 8% in trading after KeyBanc raised its price target on the stock by 48% to $385 from