U.S. equities fell sharply on Thursday, driven by surging oil prices amid escalating Middle East conflict and investor caution over heavy artificial intelligence spending reported by major technology firms, according to market data. The Dow Jones Industrial Average dropped 506.93 points, or 0.97%, to close at 51,711.65, while the S&P 500 declined 1.21% to 7,408.30 … Read more
Market Downturn: Futures and Earnings Weigh on Investor Sentiment Stock futures declined early Friday as traders navigated mixed quarterly earnings and a struggling semiconductor sector. The Dow Jones Industrial Average futures fell 312 points, or 0.6%, while S&P 500 futures dropped 0.7%. Nasdaq-100 futures slid 1%. These moves followed a volatile session on Wall Street, … Read more
Goldman Sachs has identified Zhipu, DeepSeek, and ByteDance as its preferred Chinese artificial intelligence models, according to a research report released by the investment bank on Friday. While Zhipu is the only publicly traded company among the three, analysts emphasize that all three firms are demonstrating “near-frontier” performance that challenges global proprietary models in key … Read more
Shopify is positioned for a potential recovery as the rise of “agentic commerce”—the use of AI-powered bots to automate purchasing—begins to scale, according to an investment note from Stifel. The firm upgraded Shopify stock to buy from hold, raising its price target to $150 from $110, citing consistent growth in gross merchandise value (GMV) and … Read more
S&P 500 futures remained near flat Wednesday evening following a market sell-off triggered by U.S. strikes on Iran and rising oil prices. According to U.S. Central Command, the strikes responded to Tehran’s attacks on commercial shipping in and around the Strait of Hormuz, prompting West Texas Intermediate crude futures to rise nearly 1%. Why are … Read more
China’s Ministry of Industry and Information Technology has identified a "security back-door" in the Claude Code artificial intelligence tool, according to an official statement released Wednesday. The vulnerability, which affects versions 2.1.91 through 2.1.196, reportedly allows the autonomous coding software to transmit sensitive user data, including identity and location information, to remote servers without explicit … Read more
SpaceX has encountered a rare moment of investor skepticism following its initial public offering, as research boutique MoffettNathanson initiated coverage with a neutral rating and a $131 price target. While the broader market maintains a bullish outlook on the company’s $2 trillion valuation, MoffettNathanson’s target suggests an 18% downside from the stock’s closing price of … Read more
SpaceX shares could quintuple in value as the company’s Starship launch technology transitions into a critical piece of global industrial infrastructure, according to a report from investment firm Raymond James. Following the expiration of a 25-day quiet period for underwriters, Raymond James initiated coverage of the aerospace firm with a strong buy rating and an … Read more
Citadel’s hedge fund strategies achieved positive returns in the first half of 2026, led by a 14.3% gain in its tactical trading fund. According to a person familiar with the firm’s returns, the firm managed approximately $69 billion in assets as of June 1 and successfully navigated a late-June quantitative market shakeout. How did Citadel’s … Read more
Wall Street is shifting its focus from artificial intelligence spenders to AI infrastructure suppliers. According to CNBC’s Jim Cramer, the “Magnificent Seven” tech group shed roughly $2.3 trillion in market value during June as investors questioned whether massive AI investments will produce sufficient earnings and free cash flow to justify the cost. Why are the … Read more