Adobe Systems shares fell 7% on Friday as the company’s sales outlook for Q3 didn’t impress the investors, who were expecting higher growth to compensate for AI risk.The falls come even as the company behind Photoshop and Illustrator reports a robust second quarter for fiscal year 2025 and raises its…
Occidental Petroleum Corp (NYSE: OXY) is inching higher this morning after Israel launched an airstrike on Iran, resulting in a meaningful increase in oil prices.Brent crude gained as much as 7.0% today following reports that Israel’s attack has killed senior Iranian officials, sparking fears of broader regional escalation.This new wave…
Travel and leisure stocks bore the brunt of investor anxiety on Friday after Israel launched airstrikes on Iranian targets, stoking fears of an escalating conflict in the Middle East. The strikes, aimed at crippling Iran’s nuclear infrastructure, rattled global markets and sent oil prices surging, sparking a classic flight to…
US markets closed in the red on Friday, also ending the week down, as it snapped a 2-week winning streak. Israel is launching airstrikes on Iran, which has pushed the energy prices up, dragging the market down.The S&P 500 index fell 1.13% to 5,976.97. The Nasdaq dropped 1.30% to 19,406.83.…
Archer Aviation Inc. (NYSE: ACHR) tanked nearly 15% on Friday after raising some $850 million through a registered direct offering.According to the electric vertical takeoff and landing (eVTOL) company, the said offering involved about 85 million of its shares, each of which was sold at a unit price of $10.The…
There is a considerable amount of uncertainty in the base metals market surrounding the implication of the trade deal between the US and China. Base metal prices reacted unevenly to the US-China tariff agreement. Aluminium prices initially increased, while nickel and copper prices declined.At the time of writing, the three-month copper…
Air India’s long-awaited turnaround, spearheaded by the Tata Group, has encountered a serious setback after the fatal crash of AI171 on Thursday that killed all but one of the 242 passengers and crew on board.The accident, which has drawn global attention and prompted a regulatory investigation, threatens to derail the…
The relationship between tech billionaire Elon Musk and President Donald Trump took a contentious twist, casting uncertainty over SpaceX’s involvement in a critical US missile defense initiative known as the ‘Golden Dome.’ A report from news agency Reuters indicates that the feud, which erupted publicly last week, has led to…
Brazil’s service sector grew for the third straight month in April, fueled in part by strong transport demand associated with Lady Gaga’s giant concert in Rio de Janeiro, the national statistics agency IBGE said Friday.Gaga’s free show on Copacabana Beach on May 3 that attracted an estimated 2.1 million fans appears to…
Travel and leisure stocks bore the brunt of investor anxiety on Friday after Israel launched airstrikes on Iranian targets, stoking fears of an escalating conflict in the Middle East. The strikes, aimed at crippling Iran’s nuclear infrastructure, rattled global markets and sent oil prices surging, sparking a classic flight to…