Articles by Sarah Chen
Palantir Shares Volatile Amid Thiel Sale Plan, Market Jitters
Palantir shares recovered after hours following a sharp intraday drop, as a filing revealed Chairman Peter Thiel's plan to sell stock. The broader market declined amid geopolitical worries.
Nvidia Slips Amid Broader Market Retreat; GTC Conference, Coherent Deal in Focus
Nvidia shares declined 1.3% to $180.09, mirroring a broader market selloff driven by energy price worries and delayed Fed rate cut expectations. The chipmaker remains in focus with its upcoming GPU Technology Conference and a new $2 billion optics agreement with Coherent.
Visa Expands Global Stablecoin Card Program with Stripe's Bridge
Visa's stock price remained flat following news of a major expansion of its stablecoin card initiative with Stripe's Bridge unit. The program will grow from 18 to over 100 countries, incorporating on-chain settlement via Lead Bank.
XRP Drops Amid Geopolitical Tensions as Ripple Expands Stablecoin Support
XRP declined 2.4% to $1.36, trading between $1.34 and $1.40, as geopolitical tensions weighed on crypto markets. Ripple announced an expansion of its payments platform to support stablecoins.
Bitcoin Retreats as Oil Spike Fuels Inflation Fears, ETF Inflows Provide Support
Bitcoin declined over 1% as escalating Middle East tensions drove oil prices higher, stoking inflation concerns. However, U.S. spot Bitcoin ETFs recorded significant inflows, highlighting conflicting market forces.
Strategy Inc Shares Decline Despite Bitcoin Purchase; Dividend Record Date in Focus
Strategy Inc shares dropped 2.6% to $134.11 despite a new $204.1 million bitcoin purchase. The company increased its preferred dividend rate to 11.5%, payable March 31 to shareholders of record March 15.
Circle Stock Rises on Inflation Fears; CFO Sells Shares Under Plan
Circle Internet Group's stock advanced 5.8% to $101.76 in a volatile session, driven by its rate-sensitive USDC stablecoin business amid shifting inflation expectations. The company's CFO sold shares under a pre-scheduled trading plan.
Amazon Stock Drops on AWS Data Center Disruptions in Middle East
Amazon stock declined 2.6% to $203 following AWS disclosures of drone attacks on Middle East data centers, with prolonged recovery expected. The disruption affected banking services and contributed to broader tech sector weakness.
Nvidia Shares Slide Amid Tech Rout, $4B Optics Investment
Nvidia shares declined over 2% in early trading, caught in a wider technology sector downturn. The chipmaker announced multiyear agreements to invest $2 billion each in optics companies Lumentum and Coherent.
Circle Stock Retreats Amid Rate Uncertainty and Insider Transactions
Circle Internet Group's stock declined 3.9% to $92.38 in Tuesday's early session, reversing recent gains. The drop coincided with insider sales and broader pressure on crypto-linked assets as rate cut expectations adjusted.
Apple Shares Dip Amid Tech Selloff as New M5 MacBooks and Budget iPhone Launch
Apple shares declined 0.9% to $262.44 Tuesday, caught in a broader tech selloff driven by a surge in oil prices. The company unveiled refreshed MacBooks with M5 chips and a lower-cost iPhone 17e, with preorders beginning March 4.