Articles by James Calloway
Goldman Sachs Legal Chief's Exit Amid Epstein Ties Rattles Market
Goldman Sachs shares closed flat at $905.14 after the bank's top lawyer said she would retire in June, with Justice Department documents revealing she accepted gifts from Jeffrey Epstein. Markets head into a holiday-shortened week after major indexes posted their largest weekly declines since November.
Applied Materials Forecast Lifts Chip Equipment Sector Amid Mixed AI Trade
Applied Materials jumped 8% Friday after issuing a quarterly outlook above analyst estimates, citing accelerating AI investments. The iShares Semiconductor ETF rose 0.9% while Nvidia and Broadcom slipped.
Booking Holdings Faces Investor Scrutiny Ahead of Q4 Earnings
Booking Holdings shares fell 7% leading into its quarterly results, set for release after markets close on February 18. Investors are focused on AI-related competitive threats and travel demand trends.
Costco Shares Approach $1,000 Ahead of Key March Earnings
Costco Wholesale shares gained 2% to close near $1,018, outperforming retail peers ahead of the Presidents Day market closure. The next major catalyst is the company's earnings and sales report scheduled for March 5.
Instacart Parent Soars on Strong Guidance, Eyes Key Catalysts Ahead
Maplebear Inc, parent of Instacart, closed up 9.2% at $36.30 following an upbeat quarterly forecast. The company reported a 14% rise in Q4 gross transaction value to $9.85 billion.
Lilly's $1.5B Oral Obesity Pill Stockpile Signals Major Launch Ambitions
Eli Lilly has accumulated $1.5 billion in pre-launch inventory for its experimental oral obesity treatment orforglipron, with the FDA's target decision date set for April 10. The substantial stockpile highlights the company's push to overcome supply limitations that have hampered the GLP-1 market.
Salesforce Gains Ahead of Holiday, Investors Eye Key Earnings Report
Salesforce shares advanced 2.31% on Friday, offering a reprieve after a volatile period. Markets are closed Monday for the holiday, with the company's fiscal Q4 and full-year 2026 results due after the bell on February 25.
Arista Networks Surges on Strong AI Outlook, Memory Costs a Concern
Arista Networks shares climbed 4.8% Friday following an upbeat revenue forecast and strong quarterly results, fueled by AI infrastructure demand, even as rising memory costs pressure margins.
Walmart Earnings Loom as Investors Gauge Consumer Health
Walmart shares approach $134 as the retail giant prepares to report quarterly earnings, offering a crucial snapshot of consumer demand ahead of key economic data.
Shopify's $2B Buyback Amid AI Commerce Debate
Shopify unveiled a $2 billion share buyback following robust Q4 earnings, but Wall Street remains divided on how AI-driven 'agentic commerce' will affect the company's future.
AppLovin Shares Rebound on Strong Q4, Analysts Adjust Targets Amid AI Concerns
AppLovin shares climbed 6.4% to $390.55 on Friday, rebounding from Thursday's decline after reporting strong fourth-quarter results. Analysts adjusted price targets amid ongoing concerns about artificial intelligence's impact on the ad-tech sector.