Latest News
Lyft Shares Hold Steady Despite Analyst Concerns Over Growth and Waymo Threat
Lyft shares posted a modest gain Friday, holding steady after Jefferies reduced its price target and highlighted risks from decelerating U.S. growth and Waymo's rapid expansion. The firm maintained a Hold rating.
Rithm Capital Tumbles to 52-Week Low Amid Rate-Driven REIT Selloff
Rithm Capital shares dropped to a 52-week low of $8.77, declining 3.3% amid heavy trading volume. The selloff reflects broader pressure on mortgage REITs as interest rates climb.
XRP Holds Near $1.43 as Regulatory Clarity Fails to Spark Rally
XRP remained near $1.43 Friday, down 1.3%, after U.S. regulators classified it as a digital commodity. The regulatory clarity failed to boost prices amid broader market declines driven by inflation and geopolitical tensions.
Super Micro Plunges on Co-Founder Charges Over AI Server Diversion
Super Micro Computer shares plummeted 33.2% after U.S. authorities charged co-founder Yih-Shyan 'Wally' Liaw and two others with illegally diverting $2.5 billion worth of AI servers to China. The company placed Liaw on leave and named a new compliance chief.
Brent Crude Surges to $112 on Iraq Force Majeure, Hormuz Tensions
Brent crude oil settled at $112.19 per barrel, its highest level since July 2022, after Iraq invoked force majeure on foreign-operated fields amid escalating regional tensions. The S&P 500 energy sector rose 2.8% as global equities fell on supply shock concerns.
Markets Slide on Iran Tensions, Oil Surge Dampens Rate Cut Outlook
U.S. equity indices declined Friday as geopolitical turmoil in the Middle East sent oil prices to multi-year highs, stoking inflation concerns and shifting market focus away from anticipated monetary easing.
Mortgage Rates Surge Past 6.5% as Bond Selloff Rattles Housing Market
Mortgage rates climbed above 6.5% Friday, reaching a multi-month high as Treasury yields surged. The jump pressured housing stocks and caused a sharp drop in mortgage applications.
Qatar LNG Attack Sparks Global Energy Crisis, EU Weighs Emergency Steps
Europe's benchmark natural gas price remains near a three-year peak after attacks on Qatar's Ras Laffan LNG complex, with repairs potentially lasting five years. The EU is preparing emergency interventions as global supply tightens.
Bitcoin Retreats Under $70K Amid Inflation Fears, ETF Outflows
Bitcoin declined below the $70,000 threshold on Friday, pressured by broader risk-off sentiment driven by inflation worries and outflows from spot ETFs. Major cryptocurrencies and related equities also traded lower.
Silver Tumbles on Rate Hike Fears, Dollar Strength
Silver prices dropped nearly 5% to $69.39 an ounce, heading for a weekly loss amid rising Treasury yields and a stronger dollar. The sell-off dragged down related mining equities.
FedEx Surges on Raised Forecast, Defies Broader Market Slump
FedEx shares advanced Friday as the logistics giant posted stronger-than-expected quarterly results and raised its annual profit guidance, contrasting with a declining broader market.