Archer Aviation Inc (NYSE: ACHR) crashed roughly 20% this morning after announcing a $126 million acquisition of Hawthorne Airport – a move intended to anchor its air taxi operations and AI testing.The eVTOL company is financing this deal that positions the LA-area airport as a strategic hub for its urban…
Block Inc. shares fell sharply on Friday after the fintech firm reported third-quarter results that missed Wall Street expectations, highlighting slowing profit growth in its core Square business even as its Cash App segment showed continued strength.The stock dropped more than 9% following the results, extending its year-to-date losses to…
President Trump met with Hungarian Prime Minister Viktor Orbán to discuss Hungary’s reliance on Russian oil and potential sanctions exemptions.North Korea launched another short-range missile, underscoring its ongoing weapons push. In India, the Supreme Court cleared the late Air India pilot of fault in June’s fatal crash.Meanwhile, a US judge…
Less than a year into Donald Trump’s second term, the optimism that once surrounded Trump Media & Technology Group (TMTG) has sharply faded. The company behind Truth Social reported another steep quarterly loss as revenue declined and expenses climbed, underscoring its struggle to turn political visibility into financial stability.The firm…
Opendoor Technologies Inc (NASDAQ: OPEN) tanked as much as 20% on Nov. 7 after the digital real estate marketplace reported a wider-than-expected loss for its third financial quarter (Q3).Moreover, the company issued over 180 million new shares to bolster its balance sheet – triggering dilution concerns.However, beneath the surface, there…
On Friday, the United States saw major headlines spanning academia, diplomacy, economic sentiment, and industry. Cornell University reached a high-profile settlement with the Trump administration to restore federal research funds. President Trump and Hungary’s Viktor Orban discussed the war in Ukraine, consumer sentiment in the US slumped sharply, and Boeing…
Major shareholders in Diageo have voiced growing frustration over the company’s failure to name a new chief executive this week, following a profit warning that sent its shares to a ten-year low, according to a Financial Times report. The lack of clarity on leadership has added to market unease, with…
Cathie Wood’s ARK Invest has expanded its investment in BitMine, the Ether treasury company founded by Tom Lee, while paring back its long-standing exposure to Tesla. The moves, disclosed in ARK’s daily trading update on Friday, highlight the firm’s shifting focus toward digital asset infrastructure and diversification away from some…
Dow futures were down about 95 points, or 0.2%, on Friday, continuing the rough week for US markets, especially tech.The Dow’s been holding up a bit better than the Nasdaq, which slid nearly 2% as investors started worrying that AI-related stocks might be getting a little too pricey.It’s been a…
The Supreme Court’s skeptical grilling of Trump’s tariff authority on November 5 sent a sharp signal to markets: broad emergency tariffs may not survive legal scrutiny.Conservative justices pointedly questioned whether the 1977 International Emergency Economic Powers Act actually grants the president power to impose sweeping global duties, with Chief Justice…