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ITT News30 articles
Boustead Singapore Shares Ease 1.1% on Cyber Breach; Key Details Omitted
Boustead Singapore shares slipped 1.1% after a cyber incident at an overseas unit. Critical systems were restored, but key details like the unit and costs remain undisclosed.
Chip Rally Shields Tech From Rate Jitters as Jobs Data Surprises
Strong August jobs data revived rate concerns, dragging the S&P 500 down 0.4%. Chip stocks surged 3.5% on resilient demand, while small caps gained.
Standard Chartered Shares Flat as UAE Crypto Launch Stirs Little Excitement
Standard Chartered shares were nearly unchanged after launching institutional crypto trading in the UAE, as the bank provided no revenue targets or volume forecasts.
Planet Labs Stock Slides 9.5% as New Defense Deal Adds Little to Backlog
Planet Labs shares dropped 9.5% after announcing a one-year defense contract valued at up to $10 million, representing only 1.1% of its backlog. Investors await Q2 earnings.
Tech Futures Slide as Oil Above $90 Heightens Rate Jitters
Nasdaq futures fell 0.57% as oil above $90 and a 10-year yield near 4.82% tightened financial conditions, pressuring tech shares. Dell and GitLab gained on earnings, MongoDB fell.
Oil Holds Above $92 as Nasdaq Futures Slide 1% on Rate, Inflation Jitters
Nasdaq futures fell 1% as oil prices remained above $92, with rising yields and supply concerns weighing on growth stocks. Energy led gains while industrials lagged.
BP Stock Surges 5% on Oil Rally, But Valuation Leaves Little Room for Error
BP shares rose 5% last week as Brent crude climbed 6.39% to $94.39. Strong Q2 cash flow aided debt reduction, but the stock now trades near analyst targets, leaving limited upside.
McDonald's Hello Kitty-Godzilla Happy Meal Tests U.S. Traffic Woes
McDonald's new Hello Kitty-Godzilla Happy Meal aims to reverse sluggish U.S. foot traffic. Shares dropped 2.68% Monday, underperforming the S&P 500, as analysts watch for execution.
UnitedHealth Dips 1.5% as Minor Fund Filings Shed Little Light
UnitedHealth shares dropped 1.5% Monday, with newly disclosed fund filings covering just 0.006% of outstanding shares. Volume lagged 31% below average, while Q2 earnings beat expectations.
Rocket Stock Slips 2.6% as Modest Rate Cut Offers Little Relief
Rocket Companies shares dropped 2.6% as a 7-basis-point decline in 30-year mortgage rates cuts a typical monthly payment by only $16, underscoring limited near-term housing relief.
Micron Rebounds Sharply as AI Memory Demand Offsets Storage Sector Jitters
Micron (NASDAQ:MU) rebounded 8.4% from its session low after the company raised fiscal 2027 earnings forecasts, underscoring investor confidence in AI-driven memory demand.
Brent's July Rally Widens WTI Spread to 60% on Hormuz Jitters
Brent crude rose over 20% in July, widening its premium over WTI to $5.87 as Hormuz shipping concerns persist. Tanker traffic through the strait remains at 30-35% of pre-conflict levels.
TeraWulf Plunges 12% as AI Sector Jitters Hit Miner-to-Data-Center Plays
TeraWulf fell 11.9% to $15.05, tracking a 13.2% average decline among ex-miner rivals. Bitcoin edged down only 0.4%, underscoring the stock's new AI-infrastructure identity.
Oil Spike and Fed Jitters Drag Dow 852 Points; Two Stocks Account for Most of the Drop
US stocks slid midday Wednesday, with the Dow down 852 points, as oil prices surged and the Fed decision approached. Two high-priced components accounted for most of the drop.
AI Investment Jitters Outweigh Oil Drop, Nasdaq-100 Futures Slide
Nasdaq-100 futures fell 1.04% in premarket trade as skepticism over AI spending overshadowed a boost from lower oil prices. Nvidia slipped 5% on OpenAI funding reports.
Global Tech Sell-Off Deepens as AI Jitters and Chip Rout Shake Markets
US futures fell sharply on Tuesday as a sell-off in chip stocks and growing AI concerns weighed on sentiment. Nvidia dropped 5%, losing $250 billion in value, while the KOSPI tumbled 10.8%.
Tencent Stock Slides 5.8% as Gaming Jitters and Buyback Pause Weigh
Tencent shares fell 5.8% last week as gaming worries and a buyback pause weighed on the stock ahead of second-quarter results.
Oil Surge and Inflation Jitters Test AI Stocks Ahead of Key Earnings
Brent crude climbed to $90.87, widening the divergence with semiconductor stocks and raising inflation risks ahead of key tech earnings from GOOGL, TSLA, and INTC.
Sherritt International Faces Heightened Risks After Cuba Grid Collapse
Cuba's repeated grid failures escalate restart costs and recovery risks for Sherritt International, as noteholders reveal competing emergency funding proposals.
Intel's $79 Billion Pre-Earnings Plunge Sparks Investor Jitters
Intel shares plunged 14.1% in the week leading to earnings, wiping out roughly $79 billion in market value as the chip sector faces valuation scrutiny.
Defense Boom Propels Saab to Record Q2 Profit; Tariff and Energy Jitters Weigh on US Futures
Saab's Q2 profit soared 41% to 2.79B SEK, beating estimates, as defense orders surged 141% amid European rearmament. US futures slipped on tariff and energy cost concerns.
Pakistan's Crypto Fatwa Sparks Regulatory Uncertainty for $41.6B Remittance Market
A fatwa against crypto purchases under Islamic law pressures Pakistan's regulatory framework, potentially impacting $41.6 billion in annual remittances and digital asset adoption.
Semis Rebound; Micron's $250B US Bet Fuels AI Rally Despite Oil Jitters
Micron's massive US investment plan boosted AI-chip stocks, with the Nasdaq climbing 1.3%. Oil prices fell, easing inflation fears, but geopolitical risks remain.
Brazil Defers Gasoline Subsidy Removal, Fueling Fiscal Jitters
Brazil delays decision on gasoline subsidy removal until next week, prioritizing rural debt restructuring and citing Iran conflict uncertainty, reigniting market inflation and fiscal worries.
Futures Rebound as Oil Retreat Eases Market Jitters
U.S. stock futures edged higher Thursday, led by Nasdaq 100 contracts, after oil's surge and geopolitical fears triggered a selloff. The market eyes jobless claims and Fed policy signals.
South Korean Stocks Tumble 20% from Peak Amid Chipmaker Volatility and AI Jitters
South Korean shares dropped 20% from their peak amid chipmaker volatility and AI concerns. Crinetics Pharmaceuticals surged 98.7% on a $10 billion Vertex acquisition deal.
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%.