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AI Memory ETF Surpasses $6.5 Billion in Rapid Launch, Outpacing Bitcoin Funds
The Roundhill Memory ETF (DRAM) hit $6.5 billion in assets 36 days post-launch, fueled by AI memory chip demand. Retail net buying surpassed $150 million, outpacing Nvidia.
Coterra Merger Concludes, Puts Devon Energy's Strategy to the Test
Coterra Energy shares stopped trading as its merger with Devon Energy closed, converting each share into 0.70 Devon share. The deal now tests Devon's ability to deliver on promised synergies.
Nasdaq Slides as Hot CPI Data Dents Rate Cut Hopes
U.S. stocks fell Tuesday after April CPI rose 0.6%, exceeding forecasts. The Nasdaq dropped 0.6% as energy costs surged and Treasury yields climbed, dampening hopes for Fed rate cuts.
Infleqtion Shares Jump on Quantum Sector Momentum, Earnings in Focus
Infleqtion shares rose 5.6% on Tuesday, tracking gains in quantum stocks after peers released Q1 data. The company's own earnings report on May 14 will be key.
McDonald's Shares Dip as Consumer Strain Challenges Value Strategy
McDonald's shares slipped 0.4% to $274.60 after JPMorgan cut its price target to $305, even as Q1 profit and revenue beat estimates. April sales turned negative as high gas prices and tighter budgets weighed on lower-income customers.
Lululemon's Slump Tests Investor Faith in Turnaround Plan
Lululemon shares fell to a 52-week low as weak North America sales, margin pressure, and CEO transition uncertainty test investor patience.
Gold Slips Below $4,700 as Dollar Strengthens and Inflation Data Surprises
Gold retreated from a three-week high, dropping 0.8% to $4,696.07, as a firming dollar and higher US inflation weighed on bullion demand.
Limerick City Council Approves 76-Unit Residential Development on Derelict Site
Limerick City and County Council has approved Thanos Securities' plan for 76 apartments on Catherine Street, clearing a long-derelict pub and nightclub site for housing. The project includes demolitions, refurbishment of protected structures, and a new six-storey building.
MARA Holdings Rises Despite Loss as AI Power Strategy Takes Shape
MARA Holdings shares rose 3.6% premarket Tuesday despite a $1.3B loss and revenue miss, as investors focus on debt reduction, Bitcoin sales, and an AI infrastructure pivot.