Fastly Inc (NASDAQ: FSLY) just reported its first profitable year on a non-GAAP basis, triggering what many media reports are framing as a “short squeeze”. In Q4, the cloud-computing company saw revenue pop 23%, helping its per-share earnings come in at 12 cents – more than double the 6 cents that analysts had forecast. At […]
Apple stock (NASDAQ: AAPL) slid nearly 4% on Thursday as investors trimmed exposure to the market’s biggest technology names and rotated into other parts of the S&P 500. The move looked less like a company-specific verdict on iPhone demand and more like a positioning shift, with money managers turning cautious on megacap valuations after a […]
Investors are bailing on Cisco (NASDAQ: CSCO) this morning despite it posting “record” revenue and coming in ahead of earnings estimates in its fiscal Q2. What’s dampening sentiment is the management’s conservative guidance for the current quarter, and the rising memory and AI hardware costs-driven decline in adjusted gross margins to 67.5%. However, Constellation Research […]
Tesla stock reversed early gains and fell around 3% on Thursday, as broader market weakness erased recent momentum and tempered optimism driven by supportive analyst commentary. The stock had climbed as much as 1.4% in early trading to $434.51, extending its recent rally and putting a fifth consecutive day of gains within reach. Tesla had […]
Europe’s corporate and legal landscape saw a sharp turn on Thursday, with Nuveen agreeing to buy Schroders in a landmark deal ending centuries of family control. Thames Water is scrambling for fresh funding to stave off nationalization, and the BBC is facing a legal setback in a high-stakes US lawsuit. Meanwhile, Amazon was hit with […]
Advanced Micro Devices (NASDAQ: AMD stock) dipped about 3% in a recent session, lagging the broader chip group even though there was no fresh warning or downgrade cycle tied to the move. The pullback appeared more like a short-term shift in risk appetite, amid profit-taking following a strong run and a rotation away from crowded, […]
Anthropic has closed a roughly $30 billion funding round that values the AI startup at about $380 billion, a deal that ranks among the largest private tech financings on record. The company behind the Claude assistant said the round reflects surging demand from enterprises, even as public markets have grown more selective about which AI […]
Washington moved to wind down a controversial immigration surge in Minnesota as federal agents began pulling back after weeks of backlash. Markets, meanwhile, remain tense: Bitcoin is stuck near $65,000 as traders debate whether another leg lower lies ahead. In corporate news, SoftBank-backed PayPay has filed for a blockbuster US IPO, while AI heavyweight Anthropic […]
CHICAGO — Cardi B was part of Bad Bunny’s Super Bowl halftime show. What she did exactly, well, that turned into a perplexing question for two major prediction markets. At least one Kalshi trader filed a complaint with the Commodity Futures Trading Commission over how the prediction market handled Sunday’s appearance by the Grammy-winning rapper. […]
A new attack ad from Republicans targeting U.S. Sen. Jon Ossoff, D-Ga., is slamming the vulnerable Democrat senator for requiring entrants at his political rallies to show proof of identification, but arguing that identification requirements for voting are a form of voter suppression. ‘Want to get into a Jon Ossoff rally?’ the advertisement’s narrator begins, […]