Latest News
Dominion Energy Outage Resolved Amid Major Grid Investment Push
Dominion Energy has restored service following a brief outage affecting approximately 1,000 customers in Norfolk, Virginia. The incident comes as the utility is executing a massive $64.7 billion capital spending program to expand grid capacity.
Grab Shares Slide on Subdued 2026 Revenue Forecast, Near 52-Week Low
Grab Holdings shares extended losses Friday, nearing a 52-week low, after the company's 2026 revenue projection missed Wall Street expectations. The stock decline contrasts with gains for U.S. peers.
MSTR Rises as Bitcoin Surges Past $73K Following Major Purchase
MicroStrategy shares advanced Friday as Bitcoin climbed above $73,000, fueled by the company's latest $1.28 billion cryptocurrency purchase. The business intelligence firm now holds 738,731 BTC acquired at a total cost of $56.04 billion.
Rivian's R2 Pricing Strategy Sparks Investor Concern Over Growth Timeline
Rivian Automotive shares fell as the company detailed pricing for its new R2 SUV, beginning with a high-performance model at $57,990, delaying more affordable versions. The EV maker faces pressure to meet 2026 delivery targets after posting a substantial net loss in 2025.
Amazon Shares Dip Amid Investor Caution Over Spending, Market Pressures
Amazon shares fell 0.7% to $208.11 Friday, overshadowing a favorable court ruling and a new AI hardware deal. Investor focus remains on the company's substantial capital expenditure plans and a challenging market environment.
AMD Shares Dip Amid Oil Surge, Meta Chip Strategy and Nvidia Event in Focus
Advanced Micro Devices shares declined over 2% Friday amid a broader tech selloff, with rising oil prices and shifting Fed expectations weighing on sentiment. Key developments include Meta's in-house AI chip plans and an upcoming meeting between AMD and Samsung.
Panama Canal Sees Traffic Rise as Middle East Tensions Reroute Shipping
The Panama Canal is experiencing increased vessel traffic as geopolitical tensions near the Strait of Hormuz and rising fuel prices make the shorter route more economical. Tanker crossings surged 11.2% in the first four months of the fiscal year.
Vale Shares Slip on RBC Downgrade Despite Record Iron Ore Output
Vale's stock declined as RBC downgraded the shares, arguing the recent rally has made them fairly valued. The move overshadowed strong operational results, including record annual iron ore output and a major milestone in recovering ore from waste material.
Pfizer Shares Dip as GSK RSV Vaccine Gains Ground, Eliquis Data Provides Support
Pfizer shares declined 1% to $26.60 Friday after GSK secured expanded FDA approval for its RSV vaccine, challenging Pfizer's market position. Encouraging clinical results for blood thinner Eliquis helped cushion the drop.
Rigetti Computing Stock Gains Amid Insider Sales, Focus on 108-Qubit Timeline
Rigetti Computing's stock edged higher Friday, closing at $16.17, while SEC filings revealed insider stock sales by its CTO and CFO to cover tax obligations. The quantum computing firm reported 2025 revenue of $7.1 million and a net loss of $216.2 million, as it pushes forward with its roadmap.
Dow Retreats Amid Inflation Jitters, $100 Oil Stirs Stagflation Fears
U.S. stocks declined Friday, with the Dow Jones Industrial Average holding near 46,660. Surging oil prices and persistent inflation data heightened stagflation worries before next week's Federal Reserve meeting.
