Dow falls 230 points as hot inflation data rattles Wall Street
US stocks opened subdued on Wednesday after another stronger-than-expected inflation report reinforced expectations that the Federal Reserve may keep interest rates elevated throughout the year, while a rebound in semiconductor stocks helped support technology-heavy indexes. The Dow Jones Industrial Average fell
Alibaba shares fall as AI spending dents earnings despite strong growth
Shares of Alibaba Group fell more than 2.5% in premarket trading on Wednesday after the Chinese technology giant reported mixed quarterly results, with revenue growth supported by artificial intelligence demand but profitability sharply hit by aggressive investment spending. Alibaba posted a
Micron rally has more room to run, BofA says as it raises PT; shares rise
The stock of Micron Technology has been on a stunning rally over the last year, with its share price surging by more than 720% during the period, but Bank of America says it sees more upside. BofA Securities lifted its price
Tilray Brands stock is in a freefall: key reasons and what next
Tilray Brands stock price remains in a freefall this year and is now trading at its lowest level since July 9 last year. It recently lost the crucial support level at $5.95, and is down by over 76% from its
SCHD ETF stock just flashed a rare pattern: here’s why it may surge
The Schwab US Dividend Equity (SCHD) ETF has remained on edge in the past few days and is now hovering near its all-time high of $32.15. It has soared by 20% in the last 12 months and is about 4%
China’s AI stock rally gets a Jensen Huang boost: Why analysts remain bullish
Chinese artificial intelligence model developers rallied sharply on Wednesday after Nvidia Chief Executive Officer Jensen Huang joined US President Donald Trump on his visit to Beijing, fuelling hopes that China could gain wider access to the chipmaker’s advanced semiconductors. Shares of
UK stocks flat as Starmer uncertainty hits sentiment
UK stocks were little changed on Wednesday, lagging behind broader European markets as growing political uncertainty in Britain weighed on investor sentiment. The benchmark FTSE 100 edged 0.03% higher by 11:07 am GMT, while the mid-cap FTSE 250 slipped 0.1%. Investors were