Reported 4 days ago
Meme stocks, including Beyond Meat and Krispy Kreme, have surged as investors return to speculative trading in a choppy market. Beyond Meat's shares soared over 95% following a deal with Walmart, while Krispy Kreme and GoPro also saw significant gains. This resurgence reflects a renewed interest in high-risk, high-reward investments reminiscent of 2021, driven by retail traders and fueled by heavy short interest in these companies.
Source: YAHOO
Reported 4 days ago
Intuitive Surgical experienced a significant rise in its stock after posting impressive third-quarter profits and sales, driven by increased demand for its da Vinci and Ion robotic surgical systems. The company's adjusted earnings per share exceeded expectations at $2.40, with revenue growing by 23% to $2.51 billion. Analysts suggest that Intuitive is well-positioned in the expanding market for minimally invasive surgery, with projections for ongoing growth in procedure volume and system placements.
Source: YAHOO
Reported 4 days ago
The utilities sector is thriving, driven by the demand for artificial intelligence (AI), making it one of the S&P 500's top performers. Experts discuss the correlation between rising electricity bills and AI advancements, pointing to companies like Constellation Energy, which is likened to Nvidia for electricity providers. As power demand surges, utilities are being redefined not just as safe havens, but as growth stocks, reshaping consumer expectations and potentially escalating electricity costs.
Source: YAHOO
Reported 4 days ago
U.S. stocks saw declines on Wednesday, with the Dow down 0.8% and the Nasdaq falling around 1.5%, largely influenced by Netflix's substantial earnings miss leading to a 10% drop in its shares. Investors are cautious ahead of Tesla's earnings report, which is anticipated to impact overall market sentiment, especially among tech stocks. Other sectors also faced volatility amid ongoing trade tensions and a federal shutdown, keeping the market on edge.
Source: YAHOO
Reported 4 days ago
Netflix co-CEO Ted Sarandos has publicly denied any interest in acquiring Warner Bros. Discovery, stating that the streaming service has no desire to own traditional media assets. This statement comes amidst speculation about Netflix's potential bid, with Sarandos emphasizing the company's focus on maintaining its assets and navigating the evolving media landscape without seeking legacy networks.
Source: YAHOO
Reported 4 days ago
DraftKings is expanding into the prediction markets by acquiring Railbird Technologies, aiming to enhance its offerings of regulated event contracts. Following the announcement, DraftKings shares saw a slight increase, although they are still down for 2025. The company plans to launch a mobile app called 'DraftKings Predictions' to allow users to trade on real-world outcomes in various sectors.
Source: YAHOO
Reported 4 days ago
Spending on new data centres in the UK is projected to skyrocket to £10 billion a year by 2029, up from £1.75 billion in 2024, driven by AI-related demand and major investments from tech giants. Approximately 100 new data centre projects are in the pipeline, supported by government initiatives like AI Growth Zones that facilitate the planning process. The UK's largest planned project is a $13 billion hyperscale data centre in North East England.
Source: YAHOO
Reported 4 days ago
JPMorgan Chase has officially opened its new $3 billion headquarters at 270 Park Avenue in Manhattan, a monumental structure that represents both the bank's long-standing presence in New York City and a hopeful future for the financial capital. CEO Jamie Dimon highlighted the building as a lasting legacy for the bank and the city, featuring modern amenities like a fitness center, restaurants, and wellness elements. This move comes as part of a larger commitment to New York, with future renovations and expansion plans already in the pipeline.
Source: YAHOO
Reported 4 days ago
Biotech company Metagenomi is utilizing Amazon's custom AI chips from its cloud unit to enhance its gene-editing technologies. This partnership marks one of the first significant applications of Amazon Web Services chips beyond traditional uses. Metagenomi focuses on identifying proteins to aid in precise genetic material delivery within the human body, achieving substantial cost savings with Amazon's Inferentia chips, which perform comparably to competitors' products at half the price.
Source: YAHOO
Reported 4 days ago
Starbridge, a startup founded by Justin Wenig to modernize public sector sales processes, has secured $42 million in a Series A funding round led by David Sacks’ Craft Ventures. The platform consolidates scattered public data to help sales teams target opportunities effectively, addressing the bureaucratic challenges previously faced in government and education sectors. With a total funding of $52 million to date, Starbridge aims to enhance its user experience by integrating its technology more seamlessly into existing business workflows.
Source: YAHOO
Reported 4 days ago
Source: YAHOO
Reported 4 days ago
The latest earnings reports indicate that around 85% of S&P 500 companies exceeded profit expectations this quarter, marking the highest percentage in over four years and suggesting robust corporate profitability despite economic uncertainties. Analysts predict continued earnings growth, particularly driven by strong investment in artificial intelligence, while various sectors, including banks and automotive, are delivering notable earnings beats.
Source: YAHOO
Reported 4 days ago
GE Vernova Inc. is witnessing a growing demand for its natural gas turbines from major technology companies constructing data centers, with about one-third of its paid reservations now allocated to hyperscalers, according to CEO Scott Strazik. As electricity demand surges globally, spurred by the energy needs of AI-driven data centers and other industrial growth, the company reports strong order increases in both its power and electrification sectors. Despite a recent dip in share prices, GE Vernova is mostly sold out of turbines through 2028 and is now accepting orders for 2029.
Source: YAHOO
Reported 4 days ago
US stock markets saw declines on Wednesday, with the Dow Jones dropping 0.7% and the Nasdaq losing approximately 1%, as Netflix shares fell over 10% following a disappointing earnings report. Tesla is set to release its earnings report later in the day, creating anticipation among investors. The ongoing struggles in sectors like cryptocurrency and gold added to the market's uncertainty as investors reacted to shifting economic indicators and global trade tensions.
Source: YAHOO
Reported 4 days ago
Wall Street analysts have made significant ratings changes today, highlighting Core Scientific's upgrade to 'Buy' from 'Neutral' by B. Riley, while HP has been downgraded to 'Neutral' from 'Overweight' by JPMorgan. Other notable upgrades include Hyatt and 3M, while Global Payments and Nextracker were downgraded. New initiations included PayPal and Block, with several firms expressing cautious optimism about the payments sector amid evolving market dynamics.
Source: YAHOO
Reported 4 days ago
Recent analyst calls from Wall Street highlight significant upgrades and downgrades in various companies. Core Scientific received an upgrade from B. Riley, raising its rating from Neutral to Buy, while HP Inc. was downgraded by JPMorgan to Neutral, citing a challenging market environment. Other notable changes include Hyatt and 3M receiving upgrades from Morgan Stanley, reflecting confidence in their business strategies. These adjustments provide investors with crucial insights into market dynamics and company outlooks.
Source: YAHOO
Reported 4 days ago
Sumble, a San Francisco-based startup founded by Kaggle creators Anthony Goldbloom and Ben Hamner, has emerged from stealth mode with $38.5 million in funding to enhance sales intelligence using AI-powered context. By gathering and analyzing data from various online sources, Sumble aims to provide sales teams a comprehensive understanding of potential customers, including organizational structure and technology usage. Despite stiff competition in the sales intelligence market, Sumble has gained traction with significant enterprise customers and reports a substantial revenue growth driven by user referrals and proactive adoption. The startup's knowledge graph, covering approximately 2.6 million companies, positions it strategically to leverage large language models and further evolve the sales landscape.
Source: YAHOO
Reported 4 days ago
Gold is experiencing a notable sell-off, pulling back around 8% from recent highs, and analysts suggest it could be on the verge of a 10% correction. This downturn is attributed primarily to technical factors rather than macroeconomic or geopolitical events. With past trends indicating that significant price movements often continue, the critical level to watch is around $4,000, below which further declines may occur. While the gold market's performance doesn't necessarily impact the much larger equities market directly, these developments in precious metals could shape investor sentiment.
Source: YAHOO
Reported 4 days ago
The UK's Financial Conduct Authority (FCA) has initiated a lawsuit against HTX, a global cryptocurrency exchange advised by Chinese entrepreneur Justin Sun, for unlawfully promoting crypto asset services to British consumers without proper authorization. The FCA's action reflects its commitment to consumer protection and the integrity of financial markets in the UK, particularly following the introduction of new rules in 2023 aimed at creating a regulated crypto asset environment.
Source: YAHOO
Reported 4 days ago
Meta is reportedly cutting about 600 positions in its AI unit, Superintelligence Labs, affecting its Facebook AI Research (FAIR) and AI infrastructure teams, as detailed in an internal memo. The layoffs aim to streamline decision-making and increase the responsibilities of remaining roles, with the company encouraging affected employees to seek internal job opportunities. This restructuring follows Meta's recent $27 billion financing deal to advance its AI initiatives.
Source: YAHOO
Reported 4 days ago
Amphenol is projecting fourth-quarter results exceeding Wall Street expectations, fueled by robust demand for cables, sensors, and antennas, driving a 9% increase in share price. The company reported $6.2 billion in third-quarter sales, significantly surpassing analyst estimates. Its communications segment saw a 96% year-over-year growth, while Amphenol anticipates current-quarter revenues between $6.0 billion and $6.1 billion, alongside an adjusted EPS forecast of 89 to 91 cents. Additionally, the company announced a 52% increase in its quarterly dividend.
Source: YAHOO
Reported 4 days ago
As of October 22, 2025, stock futures are steady with quarterly earnings reports being released, and the government shutdown continues. Tesla is anticipated to report its results today, while Netflix's shares have fallen due to disappointing earnings linked to a tax issue in Brazil. Additionally, DraftKings shares are rising following its acquisition of Railbird Technologies, enabling entry into the predictions market, as gold prices slump amidst a potential resolution to market uncertainties.
Source: YAHOO
Reported 4 days ago
Applied Digital has signed a $5 billion lease agreement with a U.S.-based hyperscaler for 200 MW at its Polaris Forge 2 campus in North Dakota, boosting its total leased capacity to 600 MW. This 15-year deal reflects the company's commitment to meet the growing demand for artificial intelligence computing infrastructure and has resulted in a 4% rise in its shares during premarket trading, contributing to a remarkable 325% increase in shares this year.
Source: YAHOO
Reported 4 days ago
Netflix shares dropped over 7% in premarket trading following disappointing third-quarter earnings, which were impacted by a tax dispute in Brazil. Currently trading around $1,150, key support levels to monitor are $1,065 and $942, while overhead resistance is seen at $1,265 and $1,341. The stock is consolidating within a descending triangle, indicating potential further declines after the earnings miss.
Source: YAHOO
Reported 4 days ago
Anthropic is in negotiations with Google regarding a substantial cloud computing deal valued in the tens of billions, which could enhance Anthropic's AI capabilities. Meanwhile, Beyond Meat has seen a dramatic increase in its stock price, reportedly rising 600% over the past three trading days amid strong interest on social media platforms.
Source: YAHOO