San Francisco-headquartered Planet Labs (PL) tanked on Friday morning after the company issued full-year guidance that disappointed some growth-hungry investors.The satellite imagery specialist posted a record Q1 revenue of $94.2 million and scaled its backlog further, but structural margin adjustments and capital allocations underwhelmed short-term traders.Still, renowned Wedbush analyst Dan…
Shares of Intel Corp. and Advanced Micro Devices extended their declines on Friday as a sharp selloff across semiconductor stocks gathered pace, with investors continuing to react to Broadcom’s weaker-than-expected artificial intelligence outlook.The broad-based retreat came after Broadcom’s fiscal second-quarter earnings report, which beat headline expectations but failed to meet…
For nearly three years, JPMorgan wore its Tesla (TSLA) pessimism as a badge of conviction; this morning, that conviction quietly folded.In a research note on Friday, analyst Rajat Gupta – who took over TSLA coverage from long-time JPM auto expert Ryan Brinkman just weeks ago – upgraded the EV stock…
Shares of Micron Technology and SanDisk came under heavy selling pressure on Friday as a broad retreat in semiconductor stocks gathered pace. Investors reassessed the outlook for artificial intelligence-related names following Broadcom’s latest earnings report and a stronger-than-expected US jobs report.The weakness extended a sharp sector-wide pullback that began after…
Shares of Meta Platforms fell sharply on Friday after a report suggested the social media giant is exploring a potential multibillion-dollar stock offering to help finance its growing artificial intelligence ambitions.META shares dropped more than 5% during the session, with losses accelerating after the Financial Times reported that the company…
US stocks closed sharply lower on Friday as a broad selloff in semiconductor shares and a stronger-than-expected jobs report sparked concerns that the Federal Reserve could maintain a hawkish stance on interest rates.The technology-heavy Nasdaq Composite fell more than 4%, marking its largest one-day decline since the tariff-driven market turmoil…
Top US stock indices like the Nasdaq 100, S&P 500, and the Dow Jones are falling today, continuing a sell-off that started on Thursday. QQQ, which tracks the Nasdaq 100 Index, retreated to $708, down by 5.4% from its highest point this year. Similarly, the VOO and SPY ETFs have dropped…
The 2026 FIFA World Cup kicks off June 11 in North America – the “largest edition” in tournament history, with 48 teams, 104 matches, and 16 host cities spread across the US, Mexico, and Canada.The economic footprint is enormous, and for equity investors, the question isn’t whether money will be…
The US labor market delivered another upside surprise in May, with employers adding far more jobs than economists had expected. The stronger-than-anticipated hiring came despite rising energy costs, persistent inflation concerns, and uncertainty surrounding the ongoing conflict in Iran.The Bureau of Labor Statistics reported on Friday that nonfarm payrolls increased…
The Iran war is becoming a bigger problem for household finances.What began as a geopolitical shock has turned into a direct cost-of-living issue, hitting fuel, borrowing costs, investments and grocery bills at the same time.The April ceasefire was meant to cool markets, but tensions around the Strait of Hormuz and…