JPMorgan cuts Netflix rating, citing balanced risk-reward post-rally; stock falls
Shares of Netflix fell over 2.3% in premarket trading Monday after JPMorgan downgraded the streaming giant to “neutral” from “overweight”, even as it raised its price target on the stock to $1,220 from $1,150. The new target implies a modest
Bitcoin ETF open interest dips 5% to $29.47B as BTC holds near $102.9K
US-listed spot Bitcoin exchange-traded funds (ETFs) recorded net inflows of $260.27 million, extending a trend of positive capital movement into digital asset products. However, open interest has now dropped 5% to $29.47 billion, marking a slowdown from recent weeks as
US stocks slip in the red on Monday: Dow down 100 points, S&P drops 0.5%
US stocks fell sharply on Monday after Moody’s downgraded the country’s credit rating, triggering a surge in Treasury yields and renewed pressure on equity markets. The Dow Jones Industrial Average declined by 130 points, or 0.3%. The S&P 500 dropped 0.58%,
Why this brokerage downgraded UnitedHealth’s rating to ‘hold’
Brokerage firm TD Cowen downgraded the recently under-fire UnitedHealth to a “hold” rating. The research firm also slashed the price target to $308 from $520. Why did the analysts downgrade UnitedHealth’s stock TD Cowen’s analyst, Ryan Langston, said the new V28 Medicare
Should Klarna IPO remain on watch list after sharp increase in Q1 loss?
Klarna is in focus this morning after reporting a rather steep year-on-year increase in its quarterly loss to $99 million. In Q1 of last year, the financial technology company had lost $47 million. Klarna’s first-quarter update arrives shortly after the buy
Nvidia opens NVLink Fusion ecosystem, expands Taiwan AI footprint with Foxconn partnership
Nvidia has unveiled a major expansion to its AI hardware strategy with the launch of NVLink Fusion, a platform that allows third-party processors to work seamlessly alongside Nvidia GPUs. Previously restricted to Nvidia’s own chips, the NVLink interconnect technology will
Cathie Wood says Trump’s tariffs could unlock tech and healthcare growth
President Donald Trump’s trade tariffs, announced in April, have sparked sharp reactions across global markets. While many interpret the move as protectionist, Cathie Wood, founder of ARK Investment Management, believes the policy shift may instead pave the way for more