Articles by Sarah Chen
Mastercard Advances Stablecoin Settlement with SoFi, Shares Gain After Hours
Mastercard shares gained 0.6% in extended trading following news of a partnership with SoFi Technologies to integrate stablecoin settlement into its global payments network. Investors await further strategic updates at an upcoming investor conference.
Corning Shares Retreat After Hours on Revenue Target and Product Launch
Corning shares declined 6.6% in extended trading Tuesday, reversing prior gains following commentary on long-term financial targets and a new product announcement. Broader market concerns also weighed on sentiment.
Lam Research Leads Chip Equipment Selloff Amid Oil Spike, Insider Sales
Lam Research shares tumbled 5.9% in extended trading, dragging down peers like Applied Materials and KLA. The selloff was fueled by a sharp rise in oil prices and broader market避险 sentiment, with insider sales adding to the pressure.
MicroStrategy Stock Slides Amid Bitcoin Dip, New BTC Purchase Funded by Equity Sales
MicroStrategy shares dropped 3.6% to $132.68, tracking a bitcoin decline, after disclosing a $204.1 million bitcoin acquisition funded by equity sales and raising its preferred dividend rate.
Salesforce Authorizes $50 Billion Buyback, Shares Gain After Hours
Salesforce shares advanced in extended trading after the company disclosed a fresh $50 billion stock buyback program and a quarterly dividend, contrasting with a broader market decline driven by inflation and geopolitical concerns.
Circle Stock Extends Rally on Mizuho Target Hike, Fed Outlook
Circle Internet Group's stock advanced in extended trading following Mizuho Securities increasing its price target to $100, with the firm pointing to diminished prospects for imminent Federal Reserve interest rate reductions.
AWS Data Center Attacks, Major Investments Test Amazon's Cloud Strategy
Amazon stock showed minimal after-hours movement following reports of drone attacks on AWS data centers in the Middle East and new multi-billion dollar infrastructure investments in Spain and Virginia.
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.
