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Nokia Tumbles 7% as Nvidia's 6G Ambitions Cast Doubt on AI-Driven Growth
Nokia shares fell 7% on Tuesday amid reports that Nvidia is entering the 6G space, stoking fears over Nokia's AI growth narrative and its ability to maintain market share.
Social Security Fund Depletion Accelerated to 2032, 22% Benefit Cut Looms
Social Security's retirement fund is now expected to run out of reserves by late 2032, forcing a 22% cut in benefits without congressional intervention, as demographic and tax changes worsen the outlook.
Casey's After-Hours Surge Tops Street Estimates on Pizza and Fuel Strength
Casey's stock jumped in after-hours trading after the convenience-store chain beat earnings and revenue estimates, fueled by record pizza sales and higher fuel margins.
Oracle Stock Dips as AI Cloud Earnings Test Looms
Oracle shares slid 2.84% to $205.81 ahead of Wednesday's Q4 earnings, with options pricing signaling a potential 11% stock swing as investors scrutinize AI cloud capacity and spending.
Xcel Brands Surges on Coco Rocha-Baggallini Deal; Thin Float Fuels Volatility
Xcel Brands shares surged 10.5% to $2.10 on record volume after announcing an exclusive Baggallini-Coco Rocha handbag deal. The stock's tiny float of under 4 million shares amplified the move, despite ongoing financial challenges.
D-Wave Quantum Tumbles 9% as Speculative Tech Stocks Retreat Ahead of CPI Data
D-Wave Quantum shares dropped nearly 9% as a broad selloff in speculative tech stocks hit the sector, despite strong Q1 bookings. Revenue fell 81% and the company posted an $18.4 million loss.
Ford's AI and Energy Gains Stall as GM Unveils Sodium-Ion Battery Deal
Ford stock slips to $14.95 amid GM's sodium-ion battery news and a 13.6% sales decline. EDF deliveries not until 2028, but regulatory advantages may buoy the stock.
NuScale Power Slumps 7% as Nuclear AI Trade Falters
NuScale Power dropped 7.2% to $10.00 on heavy volume as risk-off sentiment hit nuclear stocks, with revenue declining sharply and no new contracts announced.
Visa, Mastercard Secure Preliminary Approval for $38B Fee Settlement
A Brooklyn judge gave preliminary approval to Visa and Mastercard's $38 billion swipe-fee settlement, capping consumer-card rates at 1.25% for eight years.
Opendoor Prepares for Russell 3000 Inclusion Amid Housing Market Challenges
Opendoor shares rose 0.8% to $4.34 as investors position for Russell 3000 inclusion. Q1 revenue fell to $720M with a $173M net loss, and the company warns of mortgage rate and housing market risks.