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QVC Files for Chapter 11 Bankruptcy to Slash $5.3 Billion in Debt
QVC Group has initiated a prepackaged Chapter 11 bankruptcy filing to cut its debt load by over $5 billion. The company plans to maintain operations for its QVC and HSN brands throughout the restructuring process.
Intel Shares Reach 26-Year High Ahead of Critical Earnings Report
Intel's stock price climbed to levels not seen since the dot-com era, fueled by strategic AI deals and a $14.2 billion asset repurchase. The chipmaker's turnaround narrative now faces a crucial test with upcoming quarterly earnings.
Figma Shares Drop as AI Rivalry Intensifies, Valuation Gap Narrows
Figma shares declined sharply following the launch of Anthropic's Claude Design AI tool, intensifying competition in the design software sector. A new valuation analysis suggests the stock may be overvalued as investors weigh AI's impact on growth.
Stocks Soar as Strait of Hormuz Truce Eases Oil Prices, Lifting Rate-Cut Hopes
Major U.S. equity indices surged to new highs Friday after Iran confirmed the Strait of Hormuz would remain open during a 10-day truce, pushing oil prices lower and reviving expectations for Federal Reserve rate cuts later this year.
Oklo Jumps on White House Space Nuclear Push and Board Expansion
Oklo's stock climbed 8.5% to $69.69 following a White House memo accelerating space-reactor programs and a board overhaul adding industry veterans. The rally lifted peers like NuScale and BWX Technologies.
S&P 500 Soars as Oil Plunges on Strait of Hormuz Reopening
The S&P 500 surged 1.2% to a record 7,115 while Brent crude oil plummeted over 11% below $88 per barrel after Iran announced the Strait of Hormuz would remain open during the Lebanon ceasefire, shifting investor focus toward potential Federal Reserve easing.
Broadcom Gains on Meta AI Chip Extension, Goldman Reaffirms Bullish Stance
Broadcom shares advanced following Goldman Sachs reiterating a buy rating and $480 target, driven by Meta's expanded AI chip agreement through 2029. The firm continues securing major custom silicon deals.
XRP Surges on ETF Inflows and Ripple's Korean Bond Initiative
XRP gained 2.5% to $1.44, buoyed by $17 million in ETF inflows and Ripple's new Korean government bond settlement project. Trading volume exceeded $4 billion.