Strategy (formerly known as MicroStrategy) stock (MSTR) fell on Friday as investors assessed the potential removal of the Bitcoin treasury company from MSCI’s global equity indexes, despite a rise in Bitcoin prices. The company also announced plans to maintain a 12% annualised dividend rate on its STRC preferred stock for November, subject to shareholder approval
Apple AAPL shares edged higher after the company’s first foldable smartphone, the iPhone Duo, sold out shortly after preorders opened on Friday. At 11:05 AM EST, the stock was trading around $346.46, up approximately 1.3% from Thursday’s close, as investors assessed the initial response to Apple’s long-awaited entry into the foldable phone segment. Users on
Traders are increasingly betting that billionaire Elon Musk’s Tesla and SpaceX will merge by early 2027, bringing fresh momentum to one of Wall Street’s most ambitious merger theories. By Friday morning, prediction-market odds of a merger before March had reached 56%, compared with 29% only earlier this week. The data follows a Barclays’ research note
Anthropic reported third-quarter revenue of $16.8 billion as growth slowed from the previous quarter, raising questions about its planned IPO valuation. US wholesale inflation accelerated to 6.3% annually in September, strengthening concerns about persistent price pressures and the Federal Reserve’s interest rate outlook. CoreWeave shares rebounded as BNP Paribas highlighted the risks associated with its
US stocks ended mostly higher on Thursday as investors shifted away from some artificial intelligence-related stocks and into healthcare, consumer, and other defensive sectors amid concerns about elevated borrowing costs and persistent inflation. The Dow Jones Industrial Average gained 556 points, or 1.08%, while the S&P 500 rose 0.33%. The Nasdaq Composite added 0.08% as
Dell Technologies stock has pulled back sharply over the past few days, with its market capitalization falling from $375 billion earlier this month to about $300 billion today. The decline has coincided with a broader retreat among other leading AI infrastructure companies. The question now is whether the sell-off is justified or whether this is
Top real estate companies are rallying today. Zillow Group stock jumped 11%, while Better Home & Finance and Opendoor surged 33% and 17%, respectively. Other major names, including UWM Holdings and PennyMac Holdings, also traded in the green. Zillow Group, Better Home, and Opendoor jumped as bond yields fell While these stocks jumped, they remain
Walmart stock WMT rose in premarket trading on Thursday after Deutsche Bank upgraded the retailer to Buy from Hold and raised its price target to $136 from $113. Walmart shares gained 2.7% in early trading. The shares have risen more than 8% over the past week. Deutsche Bank analyst Krisztina Katai and her team see
Wall Street opened lower on Thursday as persistent inflation concerns and growing doubts over artificial intelligence spending weighed on technology shares. Stronger-than-expected producer price data added to fears that the Federal Reserve could tighten monetary policy further, putting pressure on equities. The S&P 500 fell 0.47%, while the Nasdaq Composite dropped 1.24%. The Dow Jones
Stocks across the world are selling off again on Thursday in an already brutal week for AI stocks, which has been marked by investor jitters over the sustainability of AI spending, the prospect of capital constraints and intensifying competition from China. A hotter-than-expected US inflation report on Wednesday added to the pressure, reviving fears of