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MARA Holdings Tumbles as Bitcoin Weakens Ahead of Key Debt Deadline
MARA Holdings shares slid 7.4% to $12.30 as bitcoin declined 3.3%, with a bondholder deadline approaching for its $1.5 billion Long Ridge Energy deal. Q1 revenue fell 18% to $174.6 million, and the company posted a $1.3 billion net loss.
Bradesco Shares Fall on Rising Credit Provisions Despite Profit Growth
Bradesco's New York-listed shares slipped Friday despite a 16.1% profit beat, as a 26.5% surge in loan-loss provisions and broader banking sector strains drove investor caution.
Amazon's AI Shopping Assistant Now Handles Checkout, Stock Dips 1.8%
Amazon launches Alexa for Shopping, an AI assistant that compares products, monitors prices, and automates purchases. Shares fell 1.8% to $262.50.
Natural Gas Futures Hit Seven-Week High on Output Drop and Early Heat
U.S. natural gas futures rose 3% to a seven-week high of $2.96/mmBtu on Friday, driven by lower output and forecasts of early-summer heat.
Brent Oil Nears $109 as Strait of Hormuz Tensions Persist
Brent crude climbed to near $109 a barrel as U.S.-Iran tensions kept the Strait of Hormuz largely closed, with only 30 vessels crossing daily. Falling U.S. inventories and Ukrainian refinery strikes added to supply concerns.
Grab Shares Sink to 52-Week Low Despite Strong Q1 Earnings as Indonesia Regulatory Risk Looms
Grab shares fell to a 52-week low of $3.46 despite strong Q1 results, as Indonesia's new 8% commission cap on ride-hailing raises margin concerns.
Bitmine Shares Fall 7.7% as Ethereum Slide Tests Tom Lee's $13.4B Treasury Bet
Bitmine shares slid 7.7% Friday as ether dropped 3.4% to $2,221, testing the company's strategy of holding 4.31% of ETH supply. Peer Bit Digital reported Q1 revenue fell 13.6%.
Apple-OpenAI Partnership Under Legal Strain Ahead of WWDC
OpenAI considers legal action against Apple over their ChatGPT-iPhone partnership, citing unmet integration and subscription goals. Apple's AI plans loom at WWDC starting June 8.
IREN Shares Slide After $3 Billion Convertible Note Sale for AI Pivot
IREN shares fell nearly 7% after closing a $3 billion convertible note sale to finance its transition from bitcoin mining to AI data centers.
SoFi Stock Dips 2.6% on PrimaryBid Deal as Market Eyes Rate Headwinds
SoFi Technologies shares fell 2.6% after acquiring PrimaryBid's technology assets. The deal aims to boost retail IPO access but comes amid rising net charge-offs and unchanged 2026 guidance.
Dow Drops Below 50,000 as Surging Yields and Oil Jolt Markets
The Dow Jones Industrial Average fell below 50,000 on Friday as rising Treasury yields and oil prices near $109 sparked inflation fears, with chip stocks like Nvidia, AMD, and Intel leading the decline.