Chip Stocks Rally on Apple-Intel Deal, Oil Drop Offsets Fed Hawkish Tone
Markets Daniel Marsh

Chip Stocks Rally on Apple-Intel Deal, Oil Drop Offsets Fed Hawkish Tone

Chip stocks rallied on Apple-Intel partnership news, lifting the Nasdaq 1.04%. Oil prices slid after a US-Iran deal, offsetting the Fed's hawkish signals.

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Dow Rises on Chip Rally as Oil Slips; Fed Rate Outlook Clouds Gains
Markets Daniel Marsh

Dow Rises on Chip Rally as Oil Slips; Fed Rate Outlook Clouds Gains

The Dow gained 0.39% as chip stocks rallied on Intel's Apple deal and oil prices fell, but Fed rate concerns lingered with a 50% chance of a September hike.

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Apple Stock Rises as Cook Warns of Unavoidable Price Hikes Due to Chip Costs
Technology Sarah Chen

Apple Stock Rises as Cook Warns of Unavoidable Price Hikes Due to Chip Costs

Apple shares gained 0.8% after CEO Tim Cook said product price hikes are unavoidable due to surging memory and storage chip costs driven by AI demand, with Intel up 7.8% and Micron up 6.6%.

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IBM Shares Slide on Accenture's Weak Forecast and AI Control Fears
Technology Sarah Chen

IBM Shares Slide on Accenture's Weak Forecast and AI Control Fears

IBM dropped 6.9% after Accenture's weak sales outlook and an IBM study flagged AI control concerns, fueling fears of slower enterprise AI spending.

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Honda Partnership Fuels QuantumScape Stock Surge Amid Solid-State Battery Push
Technology Sarah Chen

Honda Partnership Fuels QuantumScape Stock Surge Amid Solid-State Battery Push

QuantumScape stock jumped 5.7% to $7.29 following a Honda R&D solid-state battery research agreement, but the company still lacks revenue and warns significant production is not imminent.

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Energy Fuels Shares Surge on $725 Million US Loan for Rare Earth Projects
Commodities Rebecca Torres

Energy Fuels Shares Surge on $725 Million US Loan for Rare Earth Projects

Energy Fuels shares surged 10% to $16.84 after the US government conditionally committed up to $725 million to support rare earth processing expansion.

UUUU
FreeCast Surges on Starlink Reseller Deal Amid Cash Concerns
Markets Daniel Marsh

FreeCast Surges on Starlink Reseller Deal Amid Cash Concerns

FreeCast shares soared after announcing a Starlink Business reseller deal, but the company's latest filing showed minimal cash and a going-concern warning.

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Kroger Shares Dip as Q1 Profit Misses Estimates Despite Revenue Beat
Earnings James Calloway

Kroger Shares Dip as Q1 Profit Misses Estimates Despite Revenue Beat

Kroger shares dropped 3% premarket after Q1 adjusted profit missed estimates by a cent, despite a sales beat. Margin pressure from price cuts and transport costs raised investor doubts.

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HIVE Digital Surges on $220M AI Cloud Deal with Bell and Cohere
Markets Daniel Marsh

HIVE Digital Surges on $220M AI Cloud Deal with Bell and Cohere

HIVE Digital Technologies shares rose 11% premarket after a $220 million GPU cloud deal with Bell AI Fabric and Cohere, adding $70 million in annual recurring revenue.

HIVE
AT&T Stock Dips as CFO Retirement Nears and Fiber Costs Weigh
Markets Daniel Marsh

AT&T Stock Dips as CFO Retirement Nears and Fiber Costs Weigh

AT&T shares slipped to $22.37 premarket on CFO transition news, as investors weighed heavy fiber and 5G costs, Verizon's competitive moves, and potential disruption from SpaceX's Starlink.

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Ondas Acquires Cyberhawk in $125M Deal, Boosting Drone Inspection Capabilities
Technology Sarah Chen

Ondas Acquires Cyberhawk in $125M Deal, Boosting Drone Inspection Capabilities

Ondas Inc. announced a $125M cash acquisition of Cyberhawk, a drone inspection firm, expanding its utility and energy market reach.

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Accenture Stock Dips on Weak Outlook Despite $4.18B Cybersecurity Investment
Earnings James Calloway

Accenture Stock Dips on Weak Outlook Despite $4.18B Cybersecurity Investment

Accenture slashed its full-year revenue growth forecast and issued weak Q4 guidance, sending shares lower premarket despite a $4.18 billion cybersecurity acquisition announcement.

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