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Silver Plunges Over 3% as Dollar Strength, Oil Rally Pressure Metals
Spot silver dropped 3.2% to $68.97 an ounce, erasing prior gains amid a firmer dollar and surging oil prices. The broader precious metals complex also declined.
Gold Retreats as Dollar Strength, Oil Spike Dampen Fed Easing Bets
Gold declined sharply on Thursday, with spot prices dropping 1.1% to $4,455.51 an ounce. The sell-off was driven by a firmer U.S. dollar and rising oil prices, which reduced market expectations for near-term Federal Reserve interest rate cuts.
SoFi Shares Slide Amid Short-Seller Allegations and Analyst Defense
SoFi Technologies shares declined 3.7% to $15.94 amid ongoing pressure from short-seller allegations about undisclosed debt. The company has denied the claims while CEO Anthony Noto purchased shares and Mizuho maintained its bullish outlook.
Meta's AI Spending Spree Clashes with Job Cuts, Stock Drops
Meta Platforms is cutting hundreds of jobs while aggressively investing in AI infrastructure, with 2026 capital expenditures projected between $115 billion and $135 billion. The company's stock fell roughly 6.4% on Thursday, reducing its market valuation to approximately $1.84 trillion.
HPE Holds Gains After Analyst Target Hike, AI Backlog Tops $5B
Hewlett Packard Enterprise shares consolidated near weekly highs following a price target increase from Evercore ISI to $30. The firm highlighted robust CPU-driven server demand and a growing AI backlog exceeding $5 billion.
Grab Announces $400M Buyback Following Taiwan Expansion Deal
Grab Holdings saw its stock rise after unveiling a $400 million share buyback program, funded from its substantial cash reserves. This follows the company's recent $600 million deal to acquire Delivery Hero's foodpanda business in Taiwan.
Equitable and Corebridge to Merge in $22 Billion Deal, Forging Retirement Titan
Equitable Holdings and Corebridge Financial have agreed to combine in an all-stock transaction valued at approximately $22 billion. The merged entity will manage over $1.5 trillion in assets and serve more than 12 million customers.
Nu Holdings Shares Dip on Insider Sale Amid Growth and Margin Scrutiny
Nu Holdings shares declined 1.1% after a regulatory filing revealed Chief Growth Officer Cristina Junqueira sold approximately $4.44 million in stock. The move comes as the market evaluates the company's robust quarterly performance against increasing expenses and competitive pressures.
Micron Shares Slide on AI Memory Efficiency Fears, Rival Expansion
Micron Technology shares dropped 4.2% to $366.23 amid concerns over Google's new AI memory efficiency tool and competitor expansion. The decline follows Micron's record quarterly results and a planned $5 billion increase in 2026 capital spending.