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ITT News30 articles
IREN shares tumble 9.5% as Bitcoin slide and AI spending jitters weigh
IREN shares fell 9.5% to $49.51, underperforming peers, as Bitcoin slid below $60,000 and analysts questioned its AI cloud pivot, chip delivery risks, and $4.4 billion revenue goal.
Palantir Edges Up After Hitting 52-Week Low on Valuation Concerns
Palantir Technologies shares rose 0.7% in premarket trading after dropping to a 52-week low. The AI software firm faces valuation pressure but secured new deals with the U.S. Army and Zeta Global.
Gold Prices Near ₹1 Lakh in Chennai as Fed Rate Jitters Cap Recovery
Chennai gold prices dropped to ₹1,08,000 per eight-gram sovereign, approaching the ₹1 lakh level, as U.S. inflation data and Fed rate hike concerns limited global gold's rebound from a six-month low.
Tech Rout Deepens as AI Stocks Tumble, Oil Surge Stirs Inflation Jitters
US stocks slumped Wednesday as AI stocks slid on dilution fears from Super Micro Computer's $7 billion financing plan, while surging oil prices stoked inflation worries, dragging the S&P 500 down 1.56%.
Goldman Drops 2026 Rate Cut Forecast, Fueling Market Jitters
Goldman Sachs no longer expects a Fed rate cut in 2026, following robust May jobs data. The shift intensifies market anxiety, with the Nasdaq dropping 4.18% and the S&P 500 falling 2.64% on Friday.
Chip Rout Wipes Out $1.3 Trillion, Sparking Bearish Jitters
A hotter-than-expected jobs report crushed hopes for easier Fed policy, sending the PHLX Semiconductor Index down 10.3% and wiping $1.3 trillion from chip stocks.
UiPath Shares Slip Amid Inflation Jitters and Analyst Caution
UiPath shares dropped 3.68% to $11.24, erasing Monday's rally, as tech selloff and hold ratings outweighed strong Q1 results and guidance.
AI Rally Cools: Chip Rout Erases $1.3 Trillion as Jobs Data Spurs Rate Jitters
Wall Street's AI-driven rally stalled Friday as chip stocks plunged, erasing $1.3 trillion in market cap, after a strong jobs report sparked Fed rate fears. The S&P 500 ended a nine-week winning streak.
Meta Shares Sink 5.5% on AI Funding Jitters Despite $31M Institutional Stakes
Meta shares dropped 5.5% on AI spending fears, while SEC filings show Waystone, Eaton, and Fidelis held $31.4 million in Meta at year-end. Analysts maintain a Moderate Buy with a $840.60 target.
Rigetti Computing Shares Tumble 14.5% as Tech Selloff Deepens on Rate Jitters
Rigetti Computing shares plunged 14.5% to $20.68 as a broad tech selloff, triggered by strong May payrolls and rate fears, swept through quantum stocks.
Amazon Stock Falls 3% on Rate Jitters, AI Rally Pauses
Amazon shares tumbled 3.1% on Friday amid a broad tech sell-off triggered by a stronger-than-expected jobs report, which revived fears of prolonged high interest rates.
Leveraged Chip ETF SOXL Tumbles 14.6% as Jobs Data Sparks Rate-Hike Jitters
SOXL dropped 14.6% as chip stocks tumbled on strong U.S. jobs data, raising rate-hike fears and underscoring the risks of triple-leveraged ETFs.
Keel Infrastructure Tumbles as AI Data Center Hopes Face Permitting Hurdles
Keel shares slipped 1.7% after a 98% monthly surge, as the market focuses on whether the company can convert its power-rich sites into AI data center leases amid Q1 losses.
Splash Beverage Surges After Submitting NYSE Compliance Plan
Splash Beverage shares jumped 71% to $0.2420 after filing a NYSE American compliance plan, with premarket trading at $0.3650. The company faces cash constraints and a lapsed Medterra CBD deal.
Strategy Inc.'s Minor Bitcoin Sale Sparks Major Market Jitters
A small Bitcoin sale by Strategy Inc. sent Bitcoin down 6.7% and raised fears about the firm's commitment to holding Bitcoin.
Wall Street Retreats as Oil Surge and Fed Jitters Rattle Markets
U.S. stocks retreated from record highs as rising oil prices and geopolitical tensions reignited inflation concerns, with the Dow shedding 582 points and traders pricing in a 40% chance of a Fed rate hike by year-end.
American Airlines Suspends Pittsburgh-Los Angeles Flights Amid Fuel Cost Surge
American Airlines (AAL) suspends daily Pittsburgh-Los Angeles flights from Aug. 5 to Oct. 4 due to high jet fuel costs, trimming a key West Coast route as fuel expenses surge over $4 billion.
Dow Edges Higher as AI Optimism Offsets Inflation Jitters
The Dow Jones gained 149 points on Tuesday, propelled by AI enthusiasm that outweighed inflation and rate worries. Investors now look to Friday's payrolls for direction.
Wall Street Wavers: Dow Dips on Oil Surge, Inflation Jitters
The Dow Jones slipped from record highs as rising oil prices and a strong manufacturing PMI stoked inflation concerns, while Nvidia's AI chip launch lifted tech stocks.
Rocket Lab Shares Slide 13% Amid SpaceX IPO Jitters and Valuation Concerns
Rocket Lab shares dropped 13% as traders reassess the stock ahead of SpaceX's record IPO, weighing high valuation and Neutron rocket risks.
Healthpeak Retreats After Hitting 52-Week High: Key Factors Ahead
Healthpeak dropped 1.85% Friday, ending a 2.9% weekly decline after a 52-week high. The REIT raised its 2026 FFO outlook; analysts are split. Jobs data and rates are key.
Caesars Stock Lags Fertitta's $31 Offer as Traders Eye Deal Hurdles
Caesars Entertainment stock remains below Fertitta Entertainment's $31 per share offer, with a 6% spread reflecting regulatory and closing risks.
Okta Stock Climbs on Q1 Beat, AI Identity Push Offsets Sector Jitters
Okta shares jumped 5.8% after Q1 revenue of $765M and EPS of $0.91 beat estimates, fueled by AI agent identity management demand.
Fertitta's $17.6B Caesars Buyout Gets Board Nod, Stock Lags Offer
Fertitta Entertainment buys Caesars for $17.6B ($31/share). CZR stock up 1.6% to $29.25, below offer. Go-shop until July 11 for higher bids.
Silver Slips Toward $76 as India Tariffs and Fed Jitters Weigh
Silver slipped 2.3% to $76.27 as India's new import curbs and Fed rate worries dampened demand. The metal remains up 129% year-over-year but well below January highs.
DJIA at 130: Nvidia, Visa, P&G Lead Dividend Growth Amid Bond Market Jitters
The DJIA turns 130 as Nvidia, Visa, and P&G are highlighted for dividend growth. Bond yields surge on inflation fears, raising stock market concerns.
Oil Surge on Iran Strikes, Fed Policy Jitters Weigh on Markets
U.S. stock futures edged higher Tuesday but gains faded as Brent crude surged over 2% to $98.21 on new U.S. strikes in Iran, raising inflation fears and Fed uncertainty.
London Stocks Dip as BT Stalls, Sage Shines, and Oil Jitters Return
The FTSE 100 fell 0.34% on Thursday as BT's flat core earnings, easyJet's loss warning, and oil above $106 weighed on the index, though Sage's raised outlook provided a bright spot.
Treasury Yields Approach 2007 Peaks as Bond Market Jitters Persist
The 30-year U.S. Treasury yield approached its highest since 2007, reaching 5.128%, while the 10-year yield rose to 4.593%, driven by inflation worries and Fed hawkishness.
Urban Outfitters Hits Record Q1, Nuuly Growth Offsets Tariff Pressure
Urban Outfitters posted record Q1 net income of $115.7M and sales of $1.48B, beating estimates. Shares rose 4% before dipping after hours, as tariff costs and inventory buildup tempered optimism.