Apple shares slid 8% in extended trading after the tech giant issued weak guidance for the current period, citing ongoing supply constraints, even as fiscal third-quarter earnings and revenue topped Wall Street expectations according to company financial disclosures. Net income climbed to $29.79 billion, or $2.02 per share, up from $23.43 billion, or $1.57 per … Read more
Forced liquidations of leveraged artificial intelligence hedge-fund positions may finally stabilize a volatile AI trade, according to CNBC anchor Jim Cramer. The remarks follow reports from CNBC’s David Faber that prime brokers rushed to sell public holdings for Situational Awareness, an AI-focused hedge fund launched by former OpenAI researcher Leopold Aschenbrenner, after the fund suffered … Read more
Samsung Electronics forecast a roughly 19-fold jump in second-quarter operating profit, reaching 89.5 trillion won compared to analyst expectations of 88.13 trillion won, according to financial disclosures released by the company. The South Korean technology giant attributes the surge to sustained artificial intelligence demand for memory chips, setting new records in dynamic random-access memory and … Read more
The Federal Reserve opted to keep its benchmark interest rate at a range of 3.5% to 3.75%, according to the central bank’s announcement on Wednesday. While markets largely expected the Federal Open Market Committee to stay on hold, recent comments from several officials indicate a sizable constituency within the central bank considered raising borrowing costs … Read more
According to CNBC, Procter & Gamble reported mixed quarterly results on Wednesday, missing Wall Street’s revenue expectations as consumer demand weakened across multiple product divisions. Shares of the consumer goods giant fell more than 3% in premarket trading following the report, which highlighted persistent value-consciousness among shoppers. P&G Fiscal Fourth-Quarter Results vs. Wall Street Expectations … Read more
Wall Street firms adjusted their positions on major equities, with Piper Sandler upgrading Rivian and Mobileye to overweight while JPMorgan initiated coverage across several sectors, according to recent analyst reports. Wall Street Upgrades Rivian and Mobileye to Overweight Piper Sandler upgraded both Rivian and Mobileye to overweight from neutral, citing compelling valuations for both equities. … Read more
Shein swung to a $99 million quarterly loss in the first quarter of 2026, according to pre-IPO financial filings released on Sunday. Regulatory Pressures and U.S. Revenue Decline The online retailer posted a net income of $395 million during the same period a year earlier. According to the draft prospectus, the downturn was partly driven … Read more
Alphabet kicked off Big Tech earnings by raising its capital expenditure forecast by $15 billion at the midpoint to a range of $190 billion to $205 billion, testing Wall Street’s patience as surging infrastructure spending pushes free cash flow into negative territory. According to CNBC Investing Club reporting, investors are demanding clear monetization of artificial … Read more
Global oil tankers and maritime supply chains face escalating attacks across the Middle East and Europe, driving Brent crude above $100 per barrel for the first time since May, according to energy markets data and commodity strategists. Economic warfare has turned commercial shipping lanes into active combat zones, threatening millions of barrels of daily crude … Read more
The Nasdaq Composite dropped 0.5% on Friday, according to market data, as chip stocks dragged the tech-heavy index toward a weekly loss of 2%. At the same time, according to market reports, the S&P 500 traded near the flatline while the Dow Jones Industrial Average climbed 134 points, or about 0.3%, as investors weighed sliding … Read more