Reddit (NYSE: RDDT) shares are crashing this morning after an Adweek report said YouTube has officially overtaken the forum social media platform as the primary source of data for AI models. Investors are bailing on RDDT stock also because a senior Cleveland Research analyst warned the company’s revenue growth might be slower than previously expected […]
TikTok has agreed to settle with the plaintiff in a high-profile lawsuit over the alleged harms of social media, removing the video-sharing platform from a landmark trial set to begin Tuesday in Los Angeles Superior Court. An attorney for the plaintiff confirmed that while TikTok will no longer be part of the proceedings, the trial […]
SovEcon, a prominent agricultural consultancy, has substantially increased its forecast for Russian wheat exports for the 2025-26 marketing season. The projection has been raised by a significant 1.1 million metric tons (mmt), bringing the total expected exports to 45.7 mmt. This revised figure represents a notable acceleration in Russia’s position as a major global wheat […]
Micron stock (NASDAQ: MU) climbed over 6% on Tuesday, after the memory chipmaker broke ground on a roughly $24 billion advanced wafer fabrication facility in Singapore. The move signals confidence that supply constraints will persist through the decade. The expansion addresses acute global memory shortages driven by surging demand for artificial intelligence. Tuesday’s rally reflects […]
The Trump administration delivered a stunning blow to health insurers, proposing a near-flat 0.09% payment increase for Medicare Advantage plans next year, far below Wall Street’s expectations of 4 to 6%. The decision triggered an immediate stock market rout: Humana plunged 13 to 20%, UnitedHealth and CVS each fell roughly 10 to 19%, erasing approximately […]
Bitcoin is stuck in a tight band ahead of this week’s Federal Reserve decision, with several analysts flagging a potential Wyckoff “spring” that could push prices below $80,000 before momentum rebuilds. Flows and positioning remain skewed by US institutions, while safe-haven assets surge and macro uncertainty rises. Bitcoin holds range as event risk builds Bitcoin […]
European stocks are finally showing signs of life, with analysts at UBS highlighting a stronger and more reliable earnings backdrop than investors have seen in years. With valuations still trading at a discount compared to US peers, the stage is set for select European names to deliver outsized returns. To UBS experts, two stand out […]
TikTok’s Chinese parent ByteDance has finalized a long-anticipated deal to place the app’s US operations into a new, majority American-owned joint venture, securing US user data and averting a potential nationwide ban. The agreement marks a major milestone after nearly five years of political, legal, and regulatory battles over national security concerns surrounding the short-form […]
Capital One Financial Corp. has agreed to acquire fintech startup Brex in a deal valued at $5.15 billion, the transaction was disclosed on Thursday. Under the terms of the agreement, Capital One will pay 50% in cash and 50% in stock. Brex was previously valued at $12.3 billion, highlighting the valuation reset that has swept […]
Asian markets advanced on Friday after the Bank of Japan kept interest rates unchanged, while a weaker US dollar pushed gold and silver to fresh records. The session unfolded against a backdrop of major geopolitical and corporate developments, including a landmark US deal for TikTok, political uncertainty in Japan after a snap election call, and […]