S&P 500 and Nasdaq Hit New Highs on Intel's AI-Fueled Rally
Markets Daniel Marsh

S&P 500 and Nasdaq Hit New Highs on Intel's AI-Fueled Rally

The S&P 500 and Nasdaq reached record highs Friday, led by a surge in chip stocks after Intel's upbeat forecast. The Dow fell slightly as software stocks weighed.

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SiriusXM and iHeartMedia in Early Merger Talks That Could Reshape Audio Landscape
Markets Daniel Marsh

SiriusXM and iHeartMedia in Early Merger Talks That Could Reshape Audio Landscape

SiriusXM and iHeartMedia are in early-stage merger discussions, Bloomberg reported. A tie-up would create a $12 billion audio powerhouse, combining satellite, broadcast, and podcast assets.

SIRI IHRT
Guggenheim Initiates Buy on Shake Shack Ahead of Q1 Earnings
Earnings James Calloway

Guggenheim Initiates Buy on Shake Shack Ahead of Q1 Earnings

Guggenheim initiated Shake Shack at Buy with a $120 target, boosting shares 5.6%. The call comes before May 7 earnings, with Q1 visits up nearly 20%.

SHAK CMG
CRISPR Therapeutics Shares Slide 11.6% as Casgevy Faces Revenue Test
Technology Sarah Chen

CRISPR Therapeutics Shares Slide 11.6% as Casgevy Faces Revenue Test

CRISPR Therapeutics shares fell 11.6% Friday as investors weigh Casgevy's market performance and upcoming governance decisions.

CRSP
Intellia Shares Surge on Eve of Historic CRISPR Phase 3 Data Release
Technology Sarah Chen

Intellia Shares Surge on Eve of Historic CRISPR Phase 3 Data Release

Intellia Therapeutics shares rallied 19.3% after hours Friday as investors await Phase 3 data from its HAELO trial of lonvoguran ziclumeran, an in vivo CRISPR gene-editing therapy for hereditary angioedema.

NTLA
Rivian Begins R2 Production, Options Market Signals Big Move Ahead of Earnings
Earnings James Calloway

Rivian Begins R2 Production, Options Market Signals Big Move Ahead of Earnings

Rivian has launched production of its R2 SUV, a key test for its expansion beyond premium EVs. Options markets are pricing in a significant move ahead of the company's Q1 earnings report on April 30.

RIVN TSLA UBER GOOGL
eBay Shares Fall 5% on UK Depop Review and Upcoming Earnings
Regulation James Calloway

eBay Shares Fall 5% on UK Depop Review and Upcoming Earnings

eBay shares fell 5.3% on Friday as UK regulators scrutinize its $1.2B Depop deal and investors await Q1 earnings on April 29.

EBAY AMZN
Deere Shares Slide Ahead of Earnings Amid Tariff and Demand Concerns
Earnings James Calloway

Deere Shares Slide Ahead of Earnings Amid Tariff and Demand Concerns

Deere & Company shares dropped 4.95% to $562.64 on Friday, underperforming peers before its fiscal Q2 earnings on May 21, with analysts projecting EPS of $5.81, down 12.5% year-over-year.

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Trade Desk Sees Short Interest Surge Ahead of Q1 Earnings
Markets Daniel Marsh

Trade Desk Sees Short Interest Surge Ahead of Q1 Earnings

Short interest in The Trade Desk surged 50% in March, creating squeeze risk ahead of its May 7 earnings report. The company faces questions on ad spending, competition, and agency relations.

TTD
Amazon-Backed X-Energy Soars 27% in Nasdaq Debut, Raising $1B for Nuclear Push
IPO Michael Okonkwo

Amazon-Backed X-Energy Soars 27% in Nasdaq Debut, Raising $1B for Nuclear Push

X-Energy shares jumped 27% in Nasdaq debut, raising $1.02 billion. The Amazon-backed nuclear developer targets AI power demand with small modular reactors.

OKLO SMR AMZN DOW
Beijing Warns US Chip Export Bills Threaten Global Supply Chain Stability
Regulation James Calloway

Beijing Warns US Chip Export Bills Threaten Global Supply Chain Stability

China warned that US export-control bills targeting semiconductors could disrupt global chip supply chains, following House panel approval of the MATCH Act.

MU ASML
Indian Markets Plunge 1,000 Points as Oil Surge, Weak Rupee Weigh on Sentiment
Markets Daniel Marsh

Indian Markets Plunge 1,000 Points as Oil Surge, Weak Rupee Weigh on Sentiment

Indian markets tumbled as oil prices surged and the rupee weakened, dragging the Sensex down 1,000 points. IT stocks led losses, while Nasdaq AI stocks offer potential buying opportunities.

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