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Stocks Dip as Oil Surge Fuels Inflation Fears, Fed Cut Hopes Fade
US stocks retreated Tuesday as a hotter-than-expected April CPI report and surging oil prices dampened rate-cut expectations, with tech and chip stocks leading declines.
Under Armour Turnaround Hits Investor Skepticism as Profit Forecast Falls Short
Under Armour shares tumbled nearly 20% after the company's fiscal 2027 profit forecast of 8-12 cents per share fell far short of analysts' 23-cent estimate, raising doubts about the turnaround.
Lululemon's Slump Tests Investor Faith in Turnaround Plan
Lululemon shares fell to a 52-week low as weak North America sales, margin pressure, and CEO transition uncertainty test investor patience.
Wall Street's Record Rally Faces Key Inflation Test This Week
The S&P 500 and Nasdaq closed at all-time highs Friday, with investors now focused on April inflation data, Cisco earnings, and US-China trade talks this week.
Lululemon Founder's Board Challenge Weighs on Shares
Lululemon shares fell in premarket trading following a new proxy filing from founder Chip Wilson, who is seeking board changes. The stock has declined significantly this year.
Novo Nordisk B Shares Surge on South African Court Ruling Against Compounder
Novo Nordisk B shares surged 9.9% in three sessions after a South African court halted iDexis from supplying compounded semaglutide, potentially shifting demand to Novo.
Palantir Hits 52-Week Low as AI Hype Fades, Valuation Under Scrutiny
Palantir Technologies fell over 6% to a 52-week low of $119.76 as AI software valuations come under pressure, despite strong U.S. revenue growth and a raised 2026 outlook.
Getty Images Surges on OpenAI Deal, Financial Details Remain Under Wraps
Getty Images (GETY) saw its stock jump 167% premarket after revealing a multi-year partnership with OpenAI to display licensed images in ChatGPT, but financial terms were not disclosed.
Plug Power's Cash Position and Project Progress Under Scrutiny
Plug Power shares closed at $2.85, up 7.55% on Thursday, but the market's focus remains on liquidity challenges and the company's ability to monetize projects.
Denny's Launches All-Day Value Menu with Under-$10 Deals
Denny's launches its Clock's Off Menu nationwide on June 24, featuring all-day breakfast, lunch, and dinner options with under-$10 deals to attract value-conscious customers.
Starbucks accelerates India expansion, targets 50-100 new stores annually under Niccol
Starbucks is ramping up India expansion with plans for 50-100 new stores annually, as CEO Brian Niccol pivots from turnaround to global growth. The JV holds 30% market share but remains unprofitable.
Rigetti Valuation Under Scrutiny as Quantum Sector Navigates CHIPS Act Hurdles
Rigetti shares trade near $20 as investors weigh a $100M government funding letter against a $6.85B valuation, with analysts warning of a potential 50% decline.
Wall Street Mixed as Market Awaits Fed Decision Under New Chair Warsh
U.S. stocks closed mixed Wednesday as the market awaited the Federal Reserve's rate decision under new Chair Kevin Warsh. Chip stocks rebounded, but stronger-than-expected retail sales raised inflation concerns.
AT&T Stock Dips as Telecoms Underperform Ahead of Fed Decision
AT&T (T) shares slipped 1.23% Monday as telecoms lagged the broader market. Attention now turns to Q2 earnings on July 22, where free cash flow, fiber, and debt will be key.
SoFi Gains Ahead of Earnings, Valuation Under Scrutiny
SoFi Technologies rose 3.35% to $17.14 as growth stocks rallied, but its high P/E ratio and unconfirmed Q2 earnings date leave the stock vulnerable to disappointment.
SMCI Stock Under Pressure Ahead of $7B AI Financing Closure
Super Micro Computer shares fell 4.7% to $30.46 as investors assess dilution from a $7B capital raise tied to $39B in AI-server orders.
Convicted Fintech Founder Seeks Trump Pardon in JPMorgan Fraud Case
Charlie Javice, convicted of defrauding JPMorgan in its $175 million Frank acquisition, is seeking a presidential pardon from Donald Trump as appeals and legal battles continue.
Microsoft Underperforms as Nasdaq Rebounds; Xbox Layoffs Loom
Microsoft shares fell 2.8% to $386, lagging a Nasdaq rebound, as investors weighed reports of upcoming Xbox layoffs and ongoing weakness in gaming revenue.
SoFi Technologies Recovers to $15.95 Amid Broad Tech Rally; Fintech Sector Under Scrutiny
SoFi Technologies (SOFI) bounced back to $15.95 on Thursday, recovering from a 3.6% drop, as tech stocks rallied. The fintech firm's strong Q1 results and new products are weighed against its high beta and mixed analyst ratings.
Robinhood Surges as IPO Underwriting Nod Opens New Revenue Streams
Robinhood shares jumped 3% to $86.36 as the broker gains approval to underwrite IPOs, moving closer to Wall Street's core. The move comes as SpaceX's IPO draws massive retail demand and CFTC weighs event contract regulations.
Oracle's $600B AI Cloud Bet Under Scrutiny Ahead of Q4 Earnings
Oracle shares fell nearly 3% to $205.81 as traders await Q4 earnings, with options pricing an 11% move. The company's $553B AI cloud backlog is key.
XRP Nears $1.13 as Bears Dominate, Key Support Under Threat
XRP slid to $1.13, breaking its four-month $1.20-$1.60 range, as selling pressure overwhelmed institutional buying. CoinDesk warns a break below $1.14 could trigger further declines.
C3.ai Shares Rebound After Earnings; Turnaround Efforts Under Scrutiny
C3.ai shares rose 2.2% after hours as fiscal Q4 revenue topped estimates, but fiscal 2027 revenue guidance fell short, keeping turnaround concerns alive.
Market Movers: Micron Surges on AI, Preferred Bank Undervalued
US stock futures edged higher Tuesday amid robust global manufacturing data, while Micron Technology reported a 196% surge in Q2 revenue driven by AI demand.
Amazon Stock Slips Despite Record Tech Benchmarks; AI Spending Under Scrutiny
Amazon shares dropped 3.5% Monday, trailing record highs in the Nasdaq and S&P 500, as investors focused on the company's massive AI-related capital expenditures.
Berkshire's First Major Deal Under Abel: Taylor Morrison Acquisition
Berkshire Hathaway will acquire Taylor Morrison for $72.50 per share, a 24% premium, valuing the builder at $8.5 billion. Shares jumped 22% premarket.
Micron's AI-Driven Surge Puts Rival Samsung Under Pressure
Micron Technology (MU) is riding a wave of AI server demand, nearing a $1.11 trillion market cap. UBS tripled its price target to $1,625, while rivals like Samsung push new HBM chips.
Uber Under Pressure as Delivery Hero Bid Looms
Uber shares slipped nearly 2% last week to $70.40 as the market awaits a possible formal offer for Delivery Hero, with analysts flagging antitrust hurdles.
Rivian Shares Surge Ahead of R2 SUV Launch; NHTSA Probe Underway
Rivian shares closed at $16.30, up 7.24%, as the company prepares for R2 customer deliveries starting June 9. Meanwhile, NHTSA investigates potential rear toe-link defects on over 114,000 R1S and R1T vehicles.
HP Stock Rises on AI PC Growth; Margins Under Pressure from Memory Costs
HP shares gained after beating Q2 estimates, with AI PCs now 44% of shipments. However, rising memory costs and a trimmed 2026 EPS forecast tempered the outlook.