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U.S. Stock Futures Decline as CPI and Iran Tensions Heighten Fed Uncertainty
U.S. stock futures dropped premarket as investors awaited May CPI data, expected to show the fastest annual inflation since April 2023, with tech stocks leading declines amid rising oil prices and U.S.-Iran tensions.
Erie Insurance Rises to No. 308 on Fortune 500 Amid Market Headwinds
Erie Insurance advanced to No. 308 on the Fortune 500 with $14.6 billion in revenue, though analysts caution the P&C sector faces pricing pressure and rising catastrophe risks.
Oracle's $600B AI Cloud Bet Under Scrutiny Ahead of Q4 Earnings
Oracle shares fell nearly 3% to $205.81 as traders await Q4 earnings, with options pricing an 11% move. The company's $553B AI cloud backlog is key.
DraftKings Surges on Predictions Product Growth
DraftKings shares surged 11.34% after revealing strong May activity in its Predictions product, with annualized consumer volume up 24% month-over-month.
Micron Faces Critical AI Demand Test Ahead of June 24 Earnings
Micron shares fell 1.5% to $935.89 as the AI-chip rally cooled, yet bullish analyst calls and price targets up to $1,625 keep focus on June 24 earnings to validate its trillion-dollar valuation.
Ondas Shares Slide on 2.7M Share Resale Filing
Ondas Inc. shares dropped in premarket trading after an SEC filing to register 2.7 million shares for resale, tied to its Omnisys deal, adding supply pressure to the volatile defense drone stock.
SoFi Holds Steady as Risk-Off Mood Grips Markets
SoFi stock holds near $16.47 in premarket as Wall Street turns defensive amid inflation concerns and geopolitical tensions.
LVMH shares ease after rally as RBC reiterates buy rating ahead of H1 results
LVMH shares edged lower Wednesday after a four-day rally, as RBC reiterated its buy rating with a €600 target. Investors eye July's first-half results for signs of recovery in Fashion & Leather Goods and easing Middle East headwinds.
Roche Shares Inch Up on $2.3B Nurix Deal for Blood Cancer Drug
Roche shares gained 1.07% on a $2.3 billion deal with Nurix for bexobrutideg, a late-stage BTK degrader for CLL, set to enter Phase 3 this summer.
YY Group Surges Premarket After Deploying Humanoid Robots
YY Group (YYGH) shares surged to $0.19 in premarket after announcing the deployment of Unitree G1 humanoid robots for facility management, aiming to monetize operational data.
Tencent Shares Surge After $4.66B Bond Sale Draws Over $17B in Orders
Tencent shares rose 3.22% after a $4.66 billion dual-currency bond sale drew over $17 billion in orders, easing concerns about AI spending.
PAVS Stock Surges on $195M ATM Filing; Dilution Risks Loom
PAVS stock rose 19.6% premarket after filing a $195M at-the-market offering, an unusually large amount relative to its $1.07M market cap, raising dilution risks.