Latest News
Carvana Stock Split Goes Live as CVNA's Recovery Gains Traction
Carvana's 5-for-1 stock split takes effect Thursday, with shares trading on a split-adjusted basis Friday. The move follows record Q1 sales and a staggering stock rebound.
Trade Desk Shares Plunge on Q1 Miss, Weak Q2 Outlook
Trade Desk shares dropped over 12% premarket on Friday after Q1 profit missed estimates and Q2 revenue guidance fell short of expectations, stoking fears of competitive pressure and slower ad spending.
Cloudflare Cuts 1,100 Jobs in AI Pivot as Q1 Revenue Beats, Stock Drops
Cloudflare lays off 20% of its workforce, or 1,100 employees, as it pivots to an AI-first strategy. Despite beating Q1 earnings, its stock fell 19% after Q2 revenue guidance missed expectations.
Fidelity Cuts 800 Jobs, Plans 5,300 Hires in Tech Restructuring
Fidelity Investments cuts 800 jobs as it restructures technology and product teams, while planning 5,300 new hires this year, including 2,000 early-career employees.
CoreWeave Shares Slide on Weak Q2 Forecast Despite $99B Backlog
CoreWeave shares dropped ~7% pre-market after Q2 revenue guidance missed estimates and 2026 spending outlook increased. Q1 revenue doubled to $2.078B, but net loss widened to $740M.
Tempus AI Upsizes Convertible Debt to $400M, Eyes Loan Repayment
Tempus AI priced $400M in 0% convertible senior notes, using proceeds to repay $307.7M in loans. Shares fell 7.6% premarket despite strong Q1 revenue growth.
Iron Mountain Stock Slides 4% as AI Data Center Rally Pauses
Iron Mountain shares fell nearly 4% Thursday, ending a six-day rally, as the AI-driven data-center play faces renewed scrutiny despite strong Q1 results and a raised outlook.
Zoetis Shares Tumble After Pet Care Sales Slump, Guidance Cut
Zoetis lowered its 2026 revenue and profit forecasts after U.S. pet product sales dropped 11% in Q1, missing analyst estimates and sending shares down 21%.
Gasoline Prices to Stay Elevated Despite Potential Iran Deal, Analysts Warn
U.S. gasoline prices remain near 2022 highs above $4.54 per gallon as geopolitical tensions near the Strait of Hormuz continue to disrupt oil flows, with analysts forecasting no return to pre-war levels before 2027.
Planet Fitness Shares Dive 31% on Slashed 2026 Outlook and Membership Woes
Planet Fitness shares plummeted 31% after the company slashed its 2026 growth targets and paused a planned Black Card price hike due to weak member growth and increased competition.
Genmab Shares Slide on Profit Dip Despite Strong Revenue Growth
Genmab shares tumbled nearly 10% in Copenhagen after Q1 net profit plunged to $53M, weighed down by Merus deal costs and elevated R&D, despite a 25% revenue surge to $896M.