Latest News
S&P Global Shares Rebound After Profit Guidance Sparks Selloff
S&P Global shares gained 1.7% on Thursday, rebounding after a two-day slide. The stock had fallen following the company's 2026 adjusted EPS guidance, which came in below its medium-term targets.
ServiceNow Holds Near $100 as AI Spending Scrutiny Weighs on Software Sector
ServiceNow shares steadied near $100 following a sharp sell-off, as market pressure mounts on software firms to demonstrate returns from heavy AI investments. All eyes turn to Friday's inflation report for direction.
Bloom Energy Shares Slide 9% Amid AI Spending Doubts, CPI Wait
Bloom Energy shares dropped 9.2% Thursday, reversing early gains as tech stocks retreated. Investors weighed the company's $6 billion backlog against uncertainty over AI infrastructure spending and Federal Reserve policy.
Aramco Achieves 70% Domestic Procurement, Aims for 75% by 2030
Saudi Aramco has reached a 70% local content level in its procurement through the iktva program and is now targeting 75% by 2030. The initiative has added over $280 billion to the national GDP.
Unity Software Plunges on Weak Q1 Forecast, AI Concerns
Unity Software shares dropped nearly 10% following a weak first-quarter revenue forecast and analyst warnings about competitive threats from artificial intelligence.
Lam Research Dips Amid Export Settlement, CPI and Applied Materials Results Loom
Lam Research shares declined slightly in volatile trading as the sector digested a major export-control settlement and awaited key inflation data and peer earnings.
Adobe Stock Slides Amid AI Uncertainty and Rate Concerns
Adobe stock declined 1.4% to $253.66, tracking broader software sector weakness. Investors are weighing AI disruption risks against monetary policy uncertainty.
Verizon Shares Reach 52-Week Peak Amid Telecom Sector Strength
Verizon Communications shares surged to a fresh 52-week high, approaching $50, as telecom stocks rallied against a declining S&P 500. The advance follows the company's robust free cash flow outlook and a multi-billion dollar share repurchase authorization.
Astera Labs Shares Drop on Margin Outlook, Amazon Warrant Details
Astera Labs shares declined sharply following a reduced gross margin forecast and the disclosure of a major warrant agreement with Amazon. The company also announced a CFO transition.
Goldman Sachs Shares Slide 3.8% Amid Sector-Wide Retreat Ahead of CPI
Goldman Sachs shares dropped 3.8% to $908.84 Thursday, mirroring a broad decline in financial stocks as markets await Friday's crucial inflation report.
Albemarle Idles Australian Lithium Plant Amid Price Pressure
Albemarle shares dropped sharply after idling its Kemerton lithium processing unit in Australia. China's battery-grade lithium carbonate prices rose slightly, but spot trading remained sluggish.