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OTH News30 articles
GE Vernova Shares Dip Ahead of Holiday, Wind Losses Offset Grid Demand
GE Vernova shares declined 1.77% to $802.13 on Friday, retreating from recent highs ahead of the Presidents Day market closure. The company balances robust orders for gas turbines and grid infrastructure with persistent challenges in its wind segment.
Adobe Stock Tests Lows Amid AI-Driven Software Selloff
Adobe stock closed slightly higher Friday but remains down 25% year-to-date, hovering just 5% above its 52-week low. The broader software sector has shed $2 trillion in market value since October.
Communication Sector Stalls as Ad Worries Offset Gains
Communication services stocks lacked momentum entering a holiday-shortened week, with the sector's main ETF finishing essentially unchanged. Heavyweight internet stocks declined while telecom and media names provided some support.
Tech Sell-Off Deepens Ahead of Key Fed, Nvidia Events
Major technology stocks retreated sharply ahead of the holiday weekend, with Apple and Nvidia posting significant losses. The sell-off reflects growing investor anxiety over massive AI investments and margin pressures.
C.H. Robinson Recovers as Insiders Buy After AI-Driven Selloff
C.H. Robinson stock rose 4.9% on Friday, recovering from a steep selloff sparked by concerns over AI technology in freight brokerage. Company insiders bought shares after the decline.
Disney Recovers 3% After Bond Offering Details Emerge
Disney shares climbed 3% to $105.45, recovering from a prior 5.7% drop. The company filed to sell $4 billion in senior notes ahead of key inflation data next week.
Thermo Fisher Prices $3.8B Bond Offering to Fund Clario Acquisition
Thermo Fisher Scientific raised $3.8 billion through a multi-tranche bond offering to fund its planned Clario acquisition. Shares closed down nearly 1% on Friday.
Tech Selloff Deepens as AI Concerns Weigh on Apple, Nvidia
Major technology stocks closed lower Friday, with Apple and Nvidia declining over 2% each, as concerns about artificial intelligence's impact and elevated spending pressured the sector.
T-Mobile Shares Climb on Buyback Boost and European Debt Offering
T-Mobile shares advanced as the company doubled its Q1 buyback target to $5 billion and priced a €2.5 billion European bond offering. The telecom also reported strong postpaid phone net additions.
Rocket Lab Shares Slide Amid Space Sector Sell-Off, Key Test and Earnings Ahead
Rocket Lab shares dropped 5.2% amid a broader space stock sell-off. Investors are focused on an upcoming hypersonic test and the company's February 26 earnings report.
Musgrave to Cut 82 Back-Office Jobs in Efficiency Drive, Partners with Infosys
Musgrave plans to eliminate up to 82 finance and HR positions across three Irish cities, transferring support functions to Infosys. The move follows rising costs and squeezed margins in Ireland's competitive grocery market.
S&P Global Shares Rebound After Profit Guidance Sparks Selloff
S&P Global shares gained 1.7% on Thursday, rebounding after a two-day slide. The stock had fallen following the company's 2026 adjusted EPS guidance, which came in below its medium-term targets.
UiPath Recovers Slightly After Sharp Selloff, Eyes March Earnings
UiPath shares edged higher in premarket trading Thursday, attempting to stabilize after a nearly 10% decline. The automation software firm is scheduled to report fourth-quarter and full-year results on March 11.
St. James's Place Recovers After AI-Driven Selloff, Focus Turns to Earnings
St. James's Place shares rose 2.6% in London trading, partially recovering from a 13.4% plunge triggered by AI tax tools from U.S. startup Altruist. Investors now await the wealth manager's full-year results on February 25.
Uber shares slip after hours amid Lyft selloff, Dubai robotaxi deal with Baidu
Uber Technologies stock declined over 3% in extended trading, pressured by a sharp drop in rival Lyft and news of a $335 million acquisition of Getir's Turkey food delivery business.
Salesforce Shares Drop on AI Deal and Layoff Concerns
Salesforce stock fell 4.4% in after-hours trading amid reports of workforce reductions and questions about AI investment returns. The company confirmed its acquisition of AI startup Cimulate.
Marsh & McLennan Shares Decline Amid Bond Offering and AI Sector Pressure
Marsh & McLennan shares fell 0.71% as the company filed for a senior notes offering and registered shares for employee awards, while insurance brokers face ongoing concerns about AI disruption.
Disney Shares Slide on Streaming Bundle and Bond Offering News
Disney stock fell 1.2% as the company announced a Disney+ bundle with Sky in the UK and Ireland and launched a $4 billion bond sale.
Robinhood Shares Dip as Crypto Revenue Shortfall Offsets Gains in Equities and Options
Robinhood's stock declined premarket after Q4 revenue missed estimates, driven by a 38% drop in crypto trading revenue. The company reported record platform assets of $324 billion and projected higher 2026 operating expenses.
Intel Recovers Slightly After Sharp Sell-Off, Focus Shifts to Upcoming Catalysts
Intel shares edged higher in premarket trading Wednesday, attempting to stabilize after a 6% decline. Investors are assessing macro risks and awaiting the company's upcoming presentation at Mobile World Congress.
LPL Financial Shares Stabilize After AI Tax Tool Sparks Brokerage Selloff
LPL Financial shares steadied in premarket trading following an 8.3% plunge, as investors assess the threat of AI automation to traditional tax-planning fees. The selloff spread across major brokerage firms after fintech Altruist unveiled an AI-powered tax strategy tool.
Upwork Shares Stabilize After Sharp Sell-Off on Weak Q1 Outlook
Upwork stock steadied in premarket trading following a 19% plunge after the company issued first-quarter revenue guidance below analyst expectations, citing AI pressure and higher costs.
Intel Recovers Slightly in Premarket After Sharp Sell-Off, Eyes AI and Auto Wins
Intel shares edged up 0.45% in premarket trading, attempting to stabilize after a 6.19% plunge. The chipmaker faces supply constraints and a projected Q1 2026 loss but is highlighting AI and automotive partnerships.
Schwab Shares Rebound Slightly After AI Tax Tool Fears Trigger Brokerage Selloff
Charles Schwab stock edged higher in premarket trading Wednesday, attempting to stabilize after a sharp 7.4% decline the prior session. The selloff was driven by concerns that new AI-powered tax planning tools could pressure advisory fees across the brokerage sector.
Sage Group Hits One-Year Low Amid European Tech Selloff
Sage Group shares fell 1.9% to a one-year low, pressured by a broader downturn in European tech stocks following weak guidance from Dassault Systèmes.
Indian Indices Climb on Trade Deal Hopes, Domestic Buying Offsets Foreign Outflows
Indian benchmarks advanced Wednesday, with the Nifty50 nearing 26,000, buoyed by optimism over a potential India-US trade agreement and significant net purchases by domestic institutions.
Aon Recovers from AI-Driven Selloff as Investors Weigh Brokerage Disruption
Aon shares rebounded 3.1% after Monday's sharp decline triggered by an AI-powered insurance comparison tool. The market is assessing whether such technology could pressure traditional broker fees.
Seagate Leads AI Storage Selloff Amid Economic Data Delays
Seagate Technology shares dropped over 6% on Tuesday, leading declines in AI-linked storage hardware as investors weighed delayed economic reports and broader tech spending concerns.
Coherent Shares Slide as Bain Capital Affiliate Files to Offload $2.2 Billion Stake
Coherent Corp stock fell over 4% after a Bain Capital affiliate filed to sell 9.4 million shares worth approximately $2.22 billion, marking another significant secondary offering following disposals in late 2025.
JPMorgan Faces Internal Pushback Over Full-Time Office Mandate
JPMorgan Chase employees warn that resisting CEO Jamie Dimon's five-day office requirement could harm careers, as a petition for hybrid work gains limited traction.