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Tesla Shares Tumble as Robotaxi Service Faces Hurdles and Market Pressures Mount
Tesla shares dropped 3.8% to $406.11 Monday as tech stocks slumped and bond yields climbed, despite a rare price hike for Model Y and Musk's robotaxi expansion plans.
IREN Shares Slide 7% Following Costly AI Infrastructure Expansion
IREN shares dropped 7.2% to $49.15 after acquiring Awaken and completing a $3B note sale for AI infrastructure, with revenue declining and net loss widening.
Figma Stock Tests Recovery as AI Monetization Gains Traction
Figma shares edged higher Monday after the company reported a 46% revenue surge and raised its 2026 forecast, buoyed by early traction in AI credit monetization.
Nvidia Shares Dip Ahead of Earnings as Wall Street Watches for AI Demand Signals
Nvidia shares dropped 2.8% Monday ahead of its fiscal first-quarter earnings, as profit-taking and rising Treasury yields weighed on chip stocks. Analysts project $78.5 billion in revenue, with data center sales key.
Nu Holdings' Record Revenue Overlooked as Loan Provisions Rise
Nu Holdings shares fell 0.1% Monday as investors focused on higher loan-loss provisions, overshadowing record Q1 revenue of $5.3 billion and net income of $871 million.
SoFi shares flat after record Q1, tech platform revenue drops 27%
SoFi shares were flat Monday after record Q1 results, with net revenue up 43% to $1.10B but technology platform revenue down 27%.
2026 Earnings Test: Early Social Security Filers Face $24,480 Cap
Social Security claimants under full retirement age in 2026 will see benefits reduced if earnings exceed $24,480, with $1 withheld per $2 over the limit. The cap rises to $65,160 in the year full retirement age is reached.
Jury Rejects Musk's OpenAI Lawsuit, Clears Path for IPO
A jury unanimously ruled against Elon Musk's lawsuit against OpenAI, stating the case was filed too late. The decision lifts a major legal risk as OpenAI eyes a potential IPO.
Costco Shares Surge Amid Consumer Caution; Valuation Stays Elevated
Costco shares climbed to $1,064.98 as April sales rose 13% to $23.92B. The company raised its dividend and will report fiscal Q3 earnings on May 28.
Exxon Mobil Shares Rise as Oil Surges; Shareholder Vote Looms
Exxon Mobil shares rose 1.9% on Monday, tracking higher oil prices amid Middle East tensions. The company faces a May 27 shareholder vote on moving its legal home from New Jersey to Texas.
GE Aerospace Rises on Trump China Deal Hints, But Details Scarce
GE Aerospace shares rose Monday following Trump's comments on a potential China jet order, but the absence of concrete details leaves investors wary.