Latest News
Dow Drops for Fifth Straight Session as Oil Surge, Fed Decision Loom
The Dow Jones Industrial Average fell 320 points as traders braced for the Fed's rate decision, big tech earnings, and an oil shock from a potential Iran blockade.
General Dynamics Soars on Strong Submarine, Jet Orders; 2026 Outlook Raised
General Dynamics shares surged 10.9% after Q1 earnings and revenue topped estimates, driven by submarine and Gulfstream jet orders, lifting its 2026 outlook.
Teva Surges 11% as Branded Drugs Drive Q1 Beat, Emalex Deal Adds Tourette Candidate
Teva beat Q1 estimates with adjusted EPS of $0.53 on $3.98B revenue, as branded drug sales surged 41%. Shares rose 11% on the news.
Silicon Motion Shares Surge 30% on Record Q1 Sales, AI Storage Demand
Silicon Motion posted a record Q1 with revenue doubling to $342.1M, driven by AI storage demand. Shares jumped 30% as the company issued a strong Q2 forecast.
Starbucks Shares Surge on Raised Outlook and Strong Q2 Sales
Starbucks shares surged 10% after Q2 global comparable sales rose 6.2%, beating estimates, and the company raised its fiscal 2026 outlook, signaling CEO Niccol's turnaround is working.
Teradyne Tumbles 16% on Weak Guidance Despite Record AI-Driven Quarter
Teradyne dropped 16% after guiding Q2 sales and profit below Q1 levels, even as record AI-related revenue fueled a 87% YoY surge in the first quarter.
Mastercard Shares Surge Ahead of Earnings Following Visa's Strong Results
Mastercard shares jumped 3.8% to $526.90 as investors cheered Visa's earnings beat and raised outlook, setting the stage for Mastercard's own Q1 report on Thursday.
GE HealthCare Cuts 2026 Profit View on Rising Costs, Stock Plunges
GE HealthCare cut its 2026 profit forecast as rising chip, oil, and freight costs, along with tariffs, squeezed margins. Shares fell nearly 13%.
New US Export Curbs Target Applied Materials, Chip Tool Shipments to China's Hua Hong
The US Commerce Department ordered Applied Materials, Lam Research, and KLA to halt some chip-tool shipments to China's Hua Hong, targeting advanced chip production facilities. AMAT shares fell 5.8%.
Cognizant Shares Slide as Weak Guidance, Cost-Cutting Plan Overshadow $600M AI Deal
Cognizant shares dropped after second-quarter revenue guidance fell short of analyst forecasts, overshadowing a $600 million deal for AI firm Astreya and a new cost-cutting program.
ON Semiconductor Shares Surge on Major EV Chip Deals with Geely and NIO
ON Semiconductor shares jumped 8% after announcing expanded silicon carbide chip deals with Geely and NIO for 900V electric vehicle platforms.
NXP Surges on Auto Chip Revival and Strong Forecast
NXP shares jumped up to 25% after the company forecast Q2 revenue and profit above Wall Street estimates, signaling a rebound in automotive and industrial chip demand.