Micron (MU) shares dropped almost 6% in premarket trading on Thursday after the chipmaker’s current-quarter revenue forecast failed to impress investors looking for outsized results powered by the AI demand surge. The chipmaker forecast fourth-quarter revenue of $7.6 billion, plus or minus $200 million, in line with analysts’ average estimate even as the company said […]
Moderna (MRNA) stock tumbled Wednesday after the company said its newly approved RSV vaccine was only about 50% effective after 18 months — paling in comparison to rivals from Pfizer (PFE) and GSK (GSK). ↑ X NOW PLAYING CRSP Stock On Wild Ride After FDA’s Historic Approval. These Gene Editing Treatments Could Come Next. Respiratory […]
HONG KONG (AP) — Asian stocks rose Tuesday after another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied. U.S. futures were higher while oil prices were little changed. Japan’s benchmark Nikkei 225 surged 1% to 39,190.97 after data from the Bank of Japan Tuesday showed […]
Virgin Galactic (SPCE) shares are trading lower after the company implemented a 1-for-20 reverse stock split, which took effect on Monday. This action, aimed at increasing the company’s stock price and meeting listing requirements, has triggered a sell-off among investors. Yahoo Finance’s Market Domination takes a closer look at the space tourism company’s stock action. […]
FRANKFURT (Reuters) – The share of the euro in foreign exchange holdings tumbled last year at the expense of the dollar and the yen, and further drops are possible whenever Russia becomes free to reduce its own euro stockpile, a fresh report from the European Central Bank showed. The share of the euro among foreign […]
(Reuters) -Shares of GameStop tumbled for a second consecutive session on Monday, extending deep losses after stock influencer Keith Gill’s return to YouTube last week failed to spark fresh investor enthusiasm for the struggling shopping mall retailer. Gill, known on YouTube as “Roaring Kitty,” held his first livestream in three years on Friday, the day […]
(Reuters) – Shares of GameStop tumbled for a second consecutive session on Monday, extending deep losses after stock influencer Keith Gill’s return to YouTube last week failed to spark fresh investor enthusiasm for the struggling shopping mall retailer. Gill, known on YouTube as “Roaring Kitty,” held his first livestream in three years on Friday, the […]
American Airlines (AAL) cut its outlook late Tuesday and said its chief commercial officer, Vasu Raja, will leave in June. AAL stock tumbled late, with several other airline stocks retreating, including United and Delta. X American Air now expects second-quarter earnings per share of $1-$1.15 vs. its prior target of $1.15-$1.45. It sees unit revenues […]
By Stephen Culp NEW YORK (Reuters) -Wall Street treaded water and gold prices fell on Wednesday as investors parsed mixed U.S. retail earnings and weak housing data, while looking ahead to Nvidia results and the minutes from the U.S. Federal Reserve’s most recent policy meeting. All three major U.S. stock indexes were essentially unchanged in […]
Luxury homebuilder Toll Brothers (TOL) reported better-than-expected fiscal second-quarter earnings late Tuesday and forecast full fiscal-year profit growing 13% as it increased delivery expectations. Meanwhile, Williams-Sonoma (WSM), another upscale housing-related play, announced a big earnings beat early Wednesday. X Toll Brothers’ fiscal Q2 earnings grew 60% to $4.55 per share with revenue totaling $2.84 billion, […]
(Bloomberg) — Palo Alto Networks Inc. slid in late trading after giving a downbeat forecast for the current period, renewing concerns about a slowdown in cybersecurity services. Most Read from Bloomberg Revenue in the fiscal fourth quarter will be $2.15 billion to $2.17 billion, the company said in a statement Monday. Analysts had anticipated a […]