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Save Mart Shuts Two Lucky California Stores Amid Margin Pressures
Save Mart will close Lucky California stores in Danville and San Francisco due to underperformance, continuing a trend of grocers trimming weak locations.
Transocean Shares Slide 5.9% as Oil Price Drop Overshadows $185M Contract Backlog
Transocean shares tumbled 5.9% to $5.25 as oil prices fell on a US-Iran deal to reopen the Strait of Hormuz, overshadowing $185 million in new contract backlog.
Defense Stocks Slide as U.S.-Iran Deal Eases Geopolitical Risk
Lockheed Martin shares dropped 4.1% as defense stocks underperformed a rising market amid a U.S.-Iran interim deal that reduced geopolitical risk, with sector peers also declining.
Qnity Electronics Surges 7% in Broad Semiconductor Rally
Qnity Electronics climbed 7.2% in heavy trading as semiconductor suppliers rallied broadly ahead of the Juneteenth market closure.
Tech Rally Lifts Wall Street; Chip Stocks Surge on Apple-Intel Deal
U.S. stocks rose Thursday, powered by a semiconductor rally after Trump announced an Apple-Intel chip partnership. The Nasdaq climbed 1.48% as oil prices dropped, easing inflation concerns. Markets are closed Friday for Juneteenth.
CervoMed Shares Surge on Patent News, Then Retreat After $10M Stock Offering
CervoMed shares surged to $7.75 after a U.S. patent allowance for neflamapimod in pure DLB, but gave back most gains after announcing a $10 million stock offering at $4 per share. The stock last traded at $4.14, up 8.7%.
Amazon Shares Rise on AI Chip Sales Talks, AWS Spending in Spotlight
Amazon shares rose 2.4% on news of AI chip sales talks with external data centers, potentially opening a new revenue stream beyond AWS.
Butterfly Network Surges on Midjourney Scanner Deal and Chip Licensing Pact
Butterfly Network shares jumped over 50% after Midjourney announced a full-body scanner using Butterfly's ultrasound chips, spotlighting a five-year licensing deal worth up to $74 million.
Tech Stock Windfall Creates Tax and Diversification Challenges
SpaceX shares fell over 6% Thursday but are still 30% above $135 IPO price, as tech employees face tax and diversification challenges with concentrated stock wealth.
TSMC Hits Near-Record Levels Ahead of Holiday as AI Rally Lifts Taiwan Market
TSMC shares approached record highs in Taipei before the Dragon Boat Festival holiday, buoyed by sustained AI chip demand. The Taiex index closed at a new record, with TSMC adding over 200 points.