US stock markets closed firmly in the red on Thursday as the major indices fell to their lowest since November of last year. The investors remained on edge as the US-Iran war continued to weigh on the sentiment, and oil prices continued their upward trajectory. Dow Jones closed 739 points lower at 46,677.67, while the […]
Sen. Tommy Tuberville (R-Ala.) on Thursday shared a social media post calling Muslims “the enemy,” joining a growing number of sitting GOP members to share Islamophobic rhetoric. Tuberville on Thursday retweeted a post that showed a picture of New York Mayor Zohran Mamdani sitting cross-legged on the floor surrounded by people that was juxtaposed with […]
Sen. Ron Johnson said Thursday he wants the Senate to vote on nixing the legislative filibuster, as an effort to convince fellow Republicans to bypass it altogether is running into a brick wall. The Wisconsin Republican’s suggestion comes as the Senate will next week begin consideration of a partisan election bill known as the SAVE […]
The House Ethics Committee named members to the investigative subcommittee that will probe allegations against embattled Rep. Tony Gonzales (R-Texas), who allegedly had an affair with a staffer who later died by suicide. The panel will be chaired by Rep. Michael Guest (R-Miss.) and include Reps. Deborah Ross (D-N.C.), Ashley Hinson (R-Iowa) and Greg Stanton […]
Investors are bailing on Lucid Group (NASDAQ: LCID) this morning as the “ambitious” plans it laid out in its Investor Day presentation failed to alleviate concerns of widening losses and future dilution. However, for high-risk long-term investors, the firm’s announcement of mid-size electric SUV and robotaxi initiatives warrants looking beyond its near-term cash burn and […]
Shares of US chemical producers moved higher as investors assessed the impact of escalating tensions in the Middle East on global supply chains. Companies with significant production along the US Gulf Coast, including Dow and LyondellBasell Industries, have emerged as potential beneficiaries of disruptions to petrochemical exports from the region. Analysts at Citi upgraded both […]
UiPath Inc (NYSE: PATH) opened in the red this morning after the firm’s muted full-year outlook tempered its Q4 beat and announcement of a new $500 million share repurchase programme. To some, the sell-off may look like an overreaction, especially given that the software company posted its first-ever profit on a GAAP basis on March […]
Advanced Micro Devices (NASDAQ: AMD stock) slipped nearly 3% on Thursday as investors looked past an important overseas trip by Chief Executive Lisa Su and focused instead on a more immediate problem. The plunge on Thursday came amid broader market weakness as the oil prices continue to rise and the Iran-US conflict is escalating with […]
Palantir Technologies Inc (PLTR) is in focus today after CEO Alex Karp confirmed the company still uses Anthropic’s Claude AI, despite the Pentagon’s recent branding of the startup as “supply chain risk.” While the Department of Defense (DOD) plans on moving away from Anthropic, the integration remains active for now, he revealed at the “AIPcon […]
Shares of Tesla declined Thursday as broader US equity markets came under pressure amid rising oil prices and escalating tensions involving Iran. Tesla stock fell roughly 3% during the session. The weakness came alongside a broader market downturn. The Dow Jones Industrial Average dropped 611 points, or 1.3%, while the S&P 500 lost 1.2%. The […]