Latest News
Cybersecurity Stocks Surge as AI Safety Concerns Mount
SentinelOne led a 14% cybersecurity rally as investors bet on AI safety concerns. The stock's surge reflects hopes for increased security spending, but GAAP losses remain a concern.
BAC Slides 5% as Moynihan Tempers Q3 Trading, IB Outlook
Bank of America shares dropped over 5% after CEO Brian Moynihan guided Q3 trading revenue roughly flat and investment banking fees below analyst expectations.
Cornish Pirates Finalize Ownership Group with Sponsor, Terms Undisclosed
Cornish Pirates have filled the final seat in their ownership consortium with sponsor Adam Brooks, though the investment amount and ownership percentage were not disclosed.
JPMorgan's $80B Play on the Coming Small-Business Ownership Wave
JPMorgan Chase is ramping up small-business lending to $80 billion as a wave of retirements looms, with only 8% of owners fully prepared for succession.
Trade Deal Signals vs. Tariff Reality: Canada Talks Remain Stalled
President Trump hints at a US-Canada trade deal, but formal talks remain suspended and tariffs are set to expand. Markets show little optimism as USD/CAD dips.
Scholar Rock's Isembyld Approval Fuels Launch Test, Shares Slip
Scholar Rock's stock dropped 4.6% after FDA approval of Isembyld, its first drug for SMA. The focus shifts from regulatory approval to commercial launch execution.
Elmet Stock Surges as Pentagon Backs Tungsten Supply with $450M Investment
Elmet Group shares soared 31.7% after a $450M investment and $2B DLA contract, but only $150M is guaranteed funding.
HPE Retreats 9% After Evercore Flags Valuation Risk Post-158% Rally
HPE shares dropped 8.6% after Evercore ISI downgraded the stock to In Line, citing valuation after a 158.5% YTD rally. The $65 price target was unchanged.
Teva's Direct NYSE Listing Lifts Shares 4%
Teva Pharmaceutical began trading ordinary shares on the NYSE, replacing ADSs one-for-one. Shares rose 4.3% to $38.67.
Supermicro Shares Slide 6% Amid AI Spending Concerns
Super Micro Computer shares dropped 6% Monday on AI slowdown worries, despite record orders and strong guidance. The move reflects market concerns about AI infrastructure spending.
