Latest News
Ford Stock Dips 5% in Holiday-Shortened Week Amid Sales Drop and Legal Woes
Ford shares slid 5% for the week to $14.06 as investors weighed a 13.6% drop in May U.S. sales, a lawsuit over California’s Lemon Law, and uncertainty over continued imports of China-built Lincoln Nautilus amid new U.S. supply-chain rules.
Strait of Hormuz Reopens, Oil Prices Tumble as Supply Fears Ease
Oil prices plunged nearly 10% this week as tanker traffic resumed through the Strait of Hormuz after a US-Iran interim deal, but analysts caution that risks remain.
Amazon Stock Edges Higher Ahead of Prime Day, AWS AI Push
Amazon shares closed at $244.39, up 2.9% Thursday and 2.4% for the week, ahead of Prime Day and new AWS AI initiatives. Market momentum remains, but risks persist.
Wall Street Halts for Juneteenth After Chip Rally; Fed and Micron Earnings Loom
US stocks paused for Juneteenth after a chip-led rally pushed the S&P 500 to a record close, but investors brace for Fed hawkishness and key earnings from Micron next week.
Ondas Closes on $125M Cash-Heavy Cyberhawk Acquisition
Ondas surged 1.64% to $9.27 after announcing a $125M cash-heavy deal for drone-inspection firm Cyberhawk, which boasts 95% recurring revenue and $45M forecast sales.
Cisco Shares Dip Below June Peak as AI Infrastructure Demand Faces Margin Scrutiny
Cisco shares ended the pre-Juneteenth session at $119.54, down 1.3% for the week, as the market assesses whether robust AI infrastructure orders can offset margin headwinds.
Plug Power Stock Jumps 7.5% as Tax Credit Sale Boosts Liquidity, Hydrogen Sector Rallies
Plug Power shares jumped 7.55% on Thursday, driven by a $39.2 million tax credit sale and improved gross margins, as the hydrogen sector broadly rallied.
Transocean Shares Slide Despite $185M in New Contracts
Transocean shares dropped 12% to $5.31 in a holiday-shortened week, failing to gain traction from $185 million in new contracts amid oil price swings and merger risks.
AT&T Shares Slide Amid California Regulatory Clash Over Copper Network Phase-Out
AT&T shares dropped 5.5% to $22.01 this week as California regulators intensify opposition to the company's plan to phase out legacy copper-wire phone service, raising concerns over cost savings and future cash flow.
Starbucks accelerates India expansion, targets 50-100 new stores annually under Niccol
Starbucks is ramping up India expansion with plans for 50-100 new stores annually, as CEO Brian Niccol pivots from turnaround to global growth. The JV holds 30% market share but remains unprofitable.
