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Crypto Crash Deepens: Portnoy's Losses Mount as $390B Wiped Out
Dave Portnoy's crypto losses deepen amid a $390 billion market rout. Strategy's sale of 32 Bitcoin rattles investors, raising concerns of further sales.
Bitcoin Dips Below $60K as ETF Outflows Surge and Strategy Sells
Bitcoin dropped below $60,000 for the first time since October 2024, with $4.4 billion in ETF outflows and a rare sale by Strategy pressuring prices. Analysts eye $59,750 as critical support.
Eli Lilly Hits Record Close on Retatrutide Data; Market Awaits Monday
Eli Lilly shares closed at a record $1,131.42 Friday after retatrutide data showed significant reductions in sleep apnea and knee osteoarthritis pain. Investors eye Monday's trade for market reaction.
Realty Income Rises 1.82% Despite Market Selloff and Higher Yields
Realty Income rose 1.82% to $60.84 on heavy volume, bucking a broad market selloff and rising Treasury yields. The stock's 5.3% dividend yield and strong cash flow face a key test from upcoming CPI data and the Fed meeting.
Target Stock Declines Amid Rate Uncertainty Despite Solid Q1
Target shares fell 3.5% this week to $122.57 as strong Q1 results are overshadowed by robust jobs data and inflation fears that could limit Fed rate cuts, pressuring consumer spending.
Mexican Peso Suffers Biggest Drop Since March on Robust US Jobs Data
The Mexican peso plunged 1.1% to 17.4793 per dollar, its biggest daily drop since March, after a robust US jobs report strengthened the dollar and stoked expectations of prolonged higher US rates, reducing Mexico's yield appeal.
Nu Holdings $1 Billion Buyback Fails to Stem Share Decline Amid CFO Change and Credit Fears
Nu Holdings shares slid 8.8% to $11.97 despite a $1 billion buyback, as CFO transition worries and credit risks led to a BofA downgrade.
Adobe Stock Tumbles Ahead of Q2 Earnings as AI Monetization and CEO Succession Weigh
Adobe shares dropped 2.7% to $251.44 on Friday, nearing a 40% decline from their 52-week high, as investors brace for fiscal Q2 results on June 11 amid AI monetization concerns and rising competition.
American Airlines Stock Bounces Back as Fuel Costs Loom Large
American Airlines shares rebounded 1.5% to $13.50 on heavy volume after a weeklong slide, as the carrier trims summer flights amid soaring jet fuel costs that could add $4-$5 billion to expenses.
RTX Rises on Analyst Upgrade Amid Broad Market Selloff
RTX Corp. shares rose 0.88% Friday on a Jefferies upgrade, while the S&P 500 plunged 2.64% on rate fears. The company's $271 billion backlog and dividend increase offer support.
Medtronic Stock Edges Up on Earnings Beat, Tariff Warning Looms
Medtronic shares slipped 0.32% to $81.67 Friday after a post-earnings rally, as strong Q4 revenue growth and a dividend hike were offset by a $250 million tariff hit and profit guidance below consensus.