Latest News
SoFi Shares Slide 3.6% as Hot Inflation Data Revives Rate Hike Fears
SoFi stock dropped 3.64% to $15.87 as May inflation data surpassed expectations, reviving fears of Federal Reserve rate hikes and triggering a broad selloff in growth stocks.
Nokia Shares Slide as Nvidia's Telecom Push Raises AI Infrastructure Doubts
Nokia's ADR dropped for a second day, falling 3.25% to $13.40, as Nvidia's push into telecom tech casts doubt on Nokia's AI infrastructure role. Shares are 23% below last week's peak.
Social Security Trust Fund Depletion Date Accelerated to 2032, Benefit Cuts Loom
Social Security's retirement and survivor trust fund is now forecast to be depleted by late 2032, a quarter earlier than last year's projection, leading to a 22% benefit cut if Congress fails to intervene.
Navan Stock Jumps After Hours on Upgraded Forecast, Nears IPO Price
Navan shares surged over 18% after hours after the company raised its fiscal 2027 revenue growth outlook to 30%, driven by strong enterprise travel demand and AI tools.
Nvidia Tumbles as AI Chip Selloff Deepens, Valuation Contracts
Nvidia shares fell over $7 to $200.42 as chip stocks slumped, with the Philadelphia semiconductor index down 3.6%. Despite strong AI demand and record earnings, investors are shifting focus from fundamentals to macro risks.
Parabilis Medicines Rockets 58% in Nasdaq Debut After Record $670M IPO
Parabilis Medicines (PBLS) closed at $31.60 on its first trading day, a 58% jump from the $20 IPO price, after raising $670 million.
Joby Aviation CFO's Stock Sale Triggers Share Decline
Joby Aviation shares dropped 4.47% after the CFO disclosed a prearranged stock sale. The market focused on regulatory progress and cash burn rather than any new operational updates.
YY Group Surges on Humanoid Robot Plans; Risks Remain
YY Group shares surged to $0.165 after announcing a humanoid robot project using Unitree G1 robots. The rally faces risks from a net loss, dilution, and no robot revenue.
Snap Stock Slips as Tech Selloff Intensifies Ahead of CEO's AWE Keynote
Snap shares slid 4% to $5.38, extending a three-day losing streak amid a broader tech selloff, as investors focus on ad growth challenges and CEO Evan Spiegel's upcoming AWE keynote on June 16.