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TPH News30 articles
Global Chip Rout Deepens as AI Spending Doubts Spark $1 Trillion Nasdaq Selloff
A global semiconductor selloff erased over $1 trillion in Nasdaq 100 premarket value as investors fret over AI infrastructure returns. South Korea's KOSPI plunged 10% and chip heavyweights like SK Hynix and Samsung tumbled more than 12%.
Soy Allergen Omission Triggers Power Plate Meals Frozen Meatloaf Recall
Power Plate Meals LLC recalls 5,795 pounds of frozen meatloaf with garlic mashed potatoes for undeclared soy. Products shipped to MN, ND, SD; no adverse reactions reported.
Alphabet's AI Cost Fears Trigger Nasdaq Slide; Dow Gains on Oil Drop
Alphabet (GOOGL) tumbled 5.5% on AI spending worries, pulling the Nasdaq down 1.41%, while a drop in oil prices lifted the Dow 0.12%.
Definium Shares Surge on LSD-Based Depression Drug Trial Success
DFTX shares soared 64.2% premarket after Definium's Phase 3 Emerge trial showed DT120 achieved an 8.1-point placebo-adjusted benefit in major depressive disorder.
Infosys Stock Faces Pressure After Accenture Downgrade Triggers IT Selloff
Infosys shares plunged 6.75% as Accenture's reduced fiscal 2026 growth forecast triggered a sector-wide selloff, pushing Nifty IT to a three-year low. Investors are reassessing Indian IT stocks ahead of Infosys' July 23 earnings.
Chubb's Valuation in Focus as War-Risk Consortium Launch Triggers Stock Dip
Chubb shares closed at $323.40, down 1.36%, as a new marine war-risk consortium and undervalued label draw investor attention ahead of Monday's trading.
Industrial Sector Outperforms as Falling Oil and AI Demand Fuel Rally
S&P 500 industrials surged 2.6% last week, outpacing the market as falling oil prices eased transport costs and AI-driven equipment orders rose. FedEx earnings and key U.S. data this week will test the rally.
ASML Shares Dip on China Export Restrictions, AI Rally Pauses
ASML shares slipped 0.6% in Amsterdam after the company denied shipping EUV chipmaking tools to China, interrupting an AI-led rally. China's share of sales is expected to fall from 33% to 20% in 2026.
XRP Falls Below $1.15 as Whale Distributions Outweigh ETF Inflows
XRP fell 4.64% to $1.13 after breaking below $1.15, as whales distributed over 30 million tokens and active addresses halved, testing support near $1.10 despite $2.55 million in ETF inflows.
ATLAS Infrastructure Partners Trims Edison Stake; Rigetti Overvalued After Funding
ATLAS Infrastructure Partners reduced its Edison International stake by 9.2% in Q4. Rigetti Computing is deemed 26.5% overvalued despite a $100 million funding deal.
Nvidia's $25B Bond Sale Triggers Stock Dip Amid AI Spending Concerns
Nvidia shares dropped 2.37% to $207.41 after the company upsized its first bond sale in five years to $25 billion, amid $85 billion in demand, shifting focus from AI growth to funding needs.
New York Begins Distributing $2B in STAR Property Tax Relief to Nearly 3 Million Homeowners
New York has begun distributing over $2 billion in STAR property-tax relief to nearly 3 million homeowners, with most receiving $350-$600 and seniors $700-$1,500.
AtaiBeckley Surges as Phase 3 Trials for Depression Drug Begin
AtaiBeckley shares jumped 7.8% to $4.14 after announcing the start of Phase 3 trials for its lead depression drug BPL-003, with results expected in early 2029.
Russian Fuel Supply Tightens Amid Ukrainian Drone Strike and Tatneft Restrictions
Tatneft restricts fuel sales at its stations after a Ukrainian drone strike hits a key Moscow refinery, with wholesale gasoline and diesel prices surging 10% in early June.
Nu Holdings Gains Despite Citi Downgrade; Focus Shifts to Q2 Credit Metrics
Nu Holdings shares rose despite a Citigroup downgrade to Neutral, with Q2 credit quality and margins now the key focus for investors.
AmEx to Acquire TheFork from TripAdvisor for $700M, Expanding Dining Network
American Express will acquire TheFork from TripAdvisor for $700 million in cash, expanding its dining network to 75,000 bookable venues and allowing TripAdvisor to focus on its Experiences segment.
GE Vernova Bounces Back as AI Power Demand Drives Focus on Electrification
GE Vernova shares rebounded 3.6% after a sharp May decline, fueled by strong AI-driven data-center demand and record electrification orders.
Schwab Stock Gains on Record May Metrics Amid AI and Crypto Headwinds
Charles Schwab shares rose 1.3% after reporting record May results, including $13.14 trillion in client assets and 11.8 million daily trades, as investors weigh growth against AI and crypto concerns.
Redwire Stock Recovers Premarket After $500M Dilution Fears Trigger 18% Weekly Drop
Redwire (RDW) recovers to $15.69 premarket after an 11.5% Friday drop tied to a $500M ATM offering, with analysts eyeing Q2 results as the next catalyst.
SpaceX Stock Steady at $161; Musk's $1 Trillion Revenue Goal Raises Valuation Questions
SpaceX shares trade at $160.95, 19% above IPO, as Musk's $1 trillion revenue target clashes with a $4.94 billion loss. Options and index inclusion may add volatility.
SpaceX Soars 20% in Historic IPO, Hits $2.1 Trillion Market Cap
SpaceX surged nearly 20% on its first trading day, closing above $160 and reaching a $2.1 trillion market cap, marking the largest IPO ever.
Elbit Systems Surges 11.5% on German SkyStriker Deal and US Howitzer Pact
Elbit Systems shares surged 11.5% on June 11 after announcing a strategic partnership with Diehl Defence for SkyStriker loitering munitions and a US howitzer pact with Anduril.
Nvidia Holds Near $5 Trillion as China CPU Push and AI Benchmark Stir Investor Interest
Nvidia shares closed near $5 trillion on Friday, as news of potential China orders for its Vera CPU and new AI benchmark results keep the stock in focus.
Space Stocks Reel as SpaceX's $2.1 Trillion Debut Reshapes Sector
SpaceX's $75B IPO sent shockwaves through the space sector, with smaller players like Rocket Lab and AST SpaceMobile hit hard. All eyes are on AST's upcoming satellite launch.
SpaceX IPO Surge Sparks Debate Over $2.1 Trillion Valuation
SpaceX soared 19% on its Nasdaq debut, closing at $160.95 and giving it a $2.1 trillion market cap, but a 112 price-to-revenue ratio and over $4 billion in annual losses fuel investor debate.
Sumitomo Electric's Rally Raises Fair Value Questions Amid Pullback
Sumitomo Electric stock surged 300% in 12 months but pulled back 15.7% last week, trading near its DCF fair value of ¥10,975. CVR Energy and Icahn Enterprises also show mixed valuation signals.
Altria Shares Edge Higher Ahead of Ex-Dividend Date; Focus Shifts to Q2 Earnings
Altria shares recovered to $71.94, up 0.74%, as the June 15 ex-dividend date approaches. The stock offers a 5.89% yield and trades near the average analyst target of $71.75. All eyes are on July 30 Q2 earnings.
SpaceX Soars 19% on Nasdaq Debut, Musk Becomes First Trillionaire
SpaceX surged 19% on its first trading day, closing at $160.95 and achieving a $2.1 trillion market cap. Elon Musk's net worth hit trillionaire status, while Virgin Galactic and Rocket Lab shares fell sharply.
SpaceX IPO Triggers Sector Rotation Away from Smaller Space Stocks
SpaceX's IPO surged 19% to $160.95, sparking a broad selloff in space stocks as investors rotated capital. Rocket Lab fell 10.8%, AST SpaceMobile dropped 15.5%.
Nvidia's Market Cap Nears $5 Trillion as AI Demand Signals Diverge
Nvidia's market cap nears $5 trillion amid strong AI demand signals from a $10 billion infrastructure fund and Vera China launch, but risks like stalled GPU shipments and high valuation persist.