Why analysts think there is more to come in Micron’s rally?
Micron Technology’s stock continues its rapid ascent, hitting fresh all-time highs this week as Wall Street analysts raise their expectations ahead of the company’s fiscal first-quarter earnings report on December 17. The memory chip maker has become one of the
US stocks open mixed as Oracle’s $50B AI spending plan sparks market jitters
US stocks opened mixed on Thursday as Oracle’s troubling earnings report spooked investors despite the Federal Reserve’s dovish rate cut just a day earlier. The S&P 500 fell 0.3%, unable to hold Wednesday’s momentum near record highs, while the tech-heavy
Tesla stock slips 2%: is this start of a broader TSLA sell-off?
Tesla stock (NASDAQ: TSLA) slipped over 2% on Thursday as renewed questions about valuation, margin pressure, and execution risks on autonomous driving spooked investors. The downward cycle of Tesla stock began with Morgan Stanley’s recent downgrade to “Equal Weight,” which prompted
Spanish police search Plus Ultra headquarters in separate money-laundering probe
On Thursday, Spain’s National Police entered the offices of airline company Plus Ultra to obtain financial documentation as part of a closed money-laundering investigation filed in Madrid’s Investigative Court No. 15. According to sources cited by the Spanish news agency EFE,
Commodity wrap: silver hits record high, gold rises after divided Fed rate cut; oil prices fall
Gold prices were slightly higher on Thursday after the US Federal Reserve cut interest rates. Meanwhile, silver prices continued to rally with the metal hitting a fresh record high on COMEX, buoyed by lower interest rates and a supply crunch. Oil prices
EU eases methane law compliance for oil, gas imports, potentially boosting US gas
The European Union plans to ease compliance for companies under its methane emissions law on oil and gas imports. This change could boost US gas exports to the EU, following pressure from the Trump administration for an amendment to the policy. Starting
Oracle’s AI spending spree sparks biggest sell-off in months
Oracle (NYSE: ORCL) crashed as much as 14% on Thursday morning after the legacy technology company raised its guidance for AI spending, even as revenue fell short of expectations in its fiscal Q2. The giant’s $16.06 billion in quarterly revenue missed