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Brent Oil Nears $109 as Strait of Hormuz Tensions Persist
Brent crude climbed to near $109 a barrel as U.S.-Iran tensions kept the Strait of Hormuz largely closed, with only 30 vessels crossing daily. Falling U.S. inventories and Ukrainian refinery strikes added to supply concerns.
Grab Shares Sink to 52-Week Low Despite Strong Q1 Earnings as Indonesia Regulatory Risk Looms
Grab shares fell to a 52-week low of $3.46 despite strong Q1 results, as Indonesia's new 8% commission cap on ride-hailing raises margin concerns.
Bitmine Shares Fall 7.7% as Ethereum Slide Tests Tom Lee's $13.4B Treasury Bet
Bitmine shares slid 7.7% Friday as ether dropped 3.4% to $2,221, testing the company's strategy of holding 4.31% of ETH supply. Peer Bit Digital reported Q1 revenue fell 13.6%.
IREN Shares Slide After $3 Billion Convertible Note Sale for AI Pivot
IREN shares fell nearly 7% after closing a $3 billion convertible note sale to finance its transition from bitcoin mining to AI data centers.
SoFi Stock Dips 2.6% on PrimaryBid Deal as Market Eyes Rate Headwinds
SoFi Technologies shares fell 2.6% after acquiring PrimaryBid's technology assets. The deal aims to boost retail IPO access but comes amid rising net charge-offs and unchanged 2026 guidance.
Dow Drops Below 50,000 as Surging Yields and Oil Jolt Markets
The Dow Jones Industrial Average fell below 50,000 on Friday as rising Treasury yields and oil prices near $109 sparked inflation fears, with chip stocks like Nvidia, AMD, and Intel leading the decline.
Tesla Shares Decline on Stalled China FSD Approval After US-China Summit
Tesla shares dropped 3.7% after President Trump left Beijing without securing Chinese approval for its Full Self-Driving software, dampening investor sentiment.
Rivian's Robotics Spin-Off Mind Robotics Valued at $3.4 Billion
Mind Robotics, a robotics startup spun out of Rivian, raised $400 million at a $3.4 billion valuation. Rivian shares fell to $13.96 as R2 SUV deliveries begin.
Micron Drops 5% as Samsung Strike Looms Over AI Memory Boom
Micron stock slid 5.2% Friday on profit-taking and concerns over a possible Samsung strike that could disrupt AI memory supplies.
Plug Power Shares Slip Amid Cash Burn Concerns Despite Revenue Growth
Plug Power shares dipped 1.7% to $3.725 on Friday, as robust Q1 revenue growth of 22% to $163.5 million was overshadowed by a widened net loss of $245.3 million and operating cash burn of $150 million.
Ford Stock Retreats After AI-Driven Energy Storage Rally Fades
Ford shares dropped 7% Friday after a rally sparked by its new energy storage unit. The business targets data centers but hasn't shipped yet.