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Stock Market Today: The Dow Jones index drops, but the Nasdaq rises as memory-chip stocks Micron and Sandisk rally sharply.
The chipmaker revised its plan after investors raised concerns about its risk exposure tied to large financing commitments
The Chinese tech giant has agreed to transfer its full stake in the gaming studio to Asian private-equity firm Trustar Capital
Piper Sandler analyst Patrick Moley gave a the stock an ‘Overweight’ rating with a $22 price target.
Why the Centurion mine lawsuit matters for Peabody Energy Peabody Energy (BTU) is under pressure after investors filed a securities class action lawsuit tied to earlier statements about production prospects at its Centurion premium hard coking coal mine. The complaint focuses on whether disclosures around Centurion’s commissioning challenges and shipment volumes gave investors a fair picture of operational risks and potential financial impact. See our latest analysis for Peabody...
SentinelOne (NYSE:S) shares fell 2. 9% in pre-market trading after Deutsche Bank downgraded the cybersecurity company from Buy to Hold, concluding that the stock’s recent rally had left less room for additional near-term gains.
Snap (NYSE:SNAP) shares dropped 12. 4% in pre-market trading as investors reacted to a significant court ruling involving social media liability, a large insider share sale and continued caution among Wall Street analysts despite the company’s better-than-expected second-quarter results.
ADV, AEM and ASEKY have been added to the Zacks Rank #5 (Strong Sell) List on August 17, 2026.
Stocks dipped as Treasurys and oil prices resumed their climb upward.
Alibaba sells its gaming arm, Lingxi Games, to Trustar Capital in a reported $1.5 billion deal, days before earnings.
Rocket Lab (NasdaqGS:RKLB) successfully launched and deployed eight satellites for MDA Space to support Globalstar's direct to device constellation. The mission marks the first batch in a larger multi satellite deployment under a significant contract with MDA Space and Globalstar. The flight highlights Rocket Lab's role as a vertically integrated partner providing both satellite manufacturing and launch services for commercial customers. This kind of contract backed satellite and launch...
Odds of a Fed rate hike in September or 2026 slip further after Goldman Sachs says markets are still too hawkish even as inflation cools. As a result, US stock futures and Bitcoin price are bouncing today. Ad Ad Fed Rate Hike Odds Slip as Goldman Sachs Warns Markets Still Overly Hawkish The Wall Street
Asian stocks mostly rose Monday following a retreat on Wall Street as investors assessed fresh data that tempered expectations for a US interest rate hike but indicated weakness in the world's top economy.While there are growing concerns about the state of the US economy, Asian investors are taking a more positive approach for now, with tech firms again enjoying a recovery from July's selloff.
The move comes as Alibaba's Qwen models surpass 3 billion downloads, putting its open-source AI push in competition with U.S. players including Google and Meta.
Alibaba Group (NYSE:BABA), the Chinese e-commerce group, has agreed to sell its video game division to Trustar Capital, the Asian private equity firm, in a transaction that Bloomberg News reported may value the unit at more than $1.5 billion. The divestment of Lingxi Games is part of a...
Ferrari (NYSE:RACE)’s (Ferrari (NYSE:RACE) first all-electric car has sold for $40 million at a charity auction, setting a record for the highest price paid for a new car at auction. The customised, tailor-made Ferrari (NYSE:RACE) Luce was sold during Monterey Car Week by RM Sotheby’s, with...
By Kane Wu and Eduardo Baptista HONG KONG, Aug 17 (Reuters) - Alibaba Group is expected to reap more than $2 billion from the sale of its game developer unit Lingxi Games to private equity firm
FedEx stock has delivered an 86.0% return over the past year, while the Discounted Cash Flow (DCF) intrinsic value estimate currently indicates the shares trade at a 33.6% discount to that estimate. This points to a company that still screens as undervalued despite a strong run. Over the last 12 months, FedEx has returned 86.0%, which puts the recent share price firmly in focus for investors assessing how much upside, if any, remains. The push to automate parts of the network with robotic...
Alibaba Group is selling its videogame arm in a deal worth at least $1.5 billion, as the Chinese company shifts its focus to artificial intelligence.
AVGO dipped 6% on Friday, piquing interest among retail investors ahead of the chipmaker's quarterly report due early next month.
Peabody Energy Corporation is facing a securities fraud class action in the Eastern District of Missouri, alleging it misled investors about production plans and commissioning challenges at its flagship Centurion premium hard coking coal mine, after reporting much lower-than-touted output in early 2026. Alongside the lawsuit, Peabody also filed a US$70.56 million shelf registration for 3,000,000 common shares tied to an ESOP-related offering, raising questions about capital needs,...
The insider dumped a substantial portion of their direct holdings after the stock surged 130% over the past year.
JANA Partners Management now holds about 3.66 million FISV shares worth nearly $180 million as of the second quarter, down from 4.44 million shares worth about $247.5 million in the previous quarter.
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) fell 3.1% in the morning session after a broad crypto market downturn prompted by a hawkish monetary outlook from the Bank of Japan and escalating geopolitical risks. The crypto market came under pressure following reports that Japan's central bank was planning to raise interest rates. At the same time, rising tensions between the U.S. and Iran reduced investor demand for riskier assets. This sentiment was reflected in Bitcoin's
Alibaba Group Holding Ltd. is selling its gaming arm in a deal worth at least $1.5 billion that will boost the Chinese e-commerce leader’s pivot to AI.
Receipts keep getting bigger, customer transactions keep slipping -- and the next test comes Tuesday.
Dean's liquidation is on the heels of the stock price climbing nearly 65% over the last 12 months.
It’s the second-fastest movie to reach that milestone, according to Rentrak’s Paul Dergarabedian, who sees a $10 billion year at the box office within reach.
SpaceX went public with an unusually tiny float available for trading. That's about to change in a big way.
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