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Dave Portnoy makes bold call as Bitcoin, XRP crash
TheStreet122d agobearish
Dave Portnoy makes bold call as Bitcoin, XRP crash

American businessman and social media personality Dave Portnoy is well-known for his honest takes on the crypto market and he doesn't hesitate to share his views even when he is sitting on a multimillion-dollar loss. The Barstool Sports founder posted a confessional video on X on June 4 in which he ...

Crypto Crash Today: Why Bitcoin, Ethereum, XRP, and Solana Are All Down Double Digits
24/7 Wall St.122d agobearish
Crypto Crash Today: Why Bitcoin, Ethereum, XRP, and Solana Are All Down Double Digits

The crypto market cap stood at $2.53 trillion last Wednesday. As of this morning, it has dropped to $2.25 trillion, with Bitcoin (CRYPTO: BTC) testing $61,500 overnight before rebounding to $63K. There’s quite a few reasons for the market plunge. Strategy broke a years-long rule and sold Bitcoin for the first time in nearly four ... Crypto Crash Today: Why Bitcoin, Ethereum, XRP, and Solana Are All Down Double Digits

Broadcom miss sparks fears around AI margin pressure, investor says
Reuters Videos122d agobearishVIDEO
Broadcom miss sparks fears around AI margin pressure, investor says

<body><p>STORY: Wall Street advanced on Thursday but disappointing results from Broadcom led a chip selloff that held the Nasdaq's gains in check.</p><p>Broadcom's revenue expectations sent its shares tumbling and cast&nbsp;a pall over the AI frenzy, which has sent chip stocks soaring so far this year.</p><p>"Traders, investors in the markets are anticipating potentially falling margins in the future because of the shift in Broadcom's business," said Rathbun. "Now, this actually has implications for the rest of AI."</p><p>Rathbun also said rising expenses tied to infrastructure, partnerships and raw materials could eventually create margin pressure if companies are not able to pass those costs on to customers.&nbsp;</p></body>

Billionaire Bill Ackman’s Pershing Square Exits Universal Music After Failed Takeover Bids, Stock Slumps 7%
24/7 Wall St.122d agobearish
Billionaire Bill Ackman’s Pershing Square Exits Universal Music After Failed Takeover Bids, Stock Slumps 7%

Bill Ackman’s Pershing Square has closed the book on one of its most ambitious activist campaigns. According to CNBC reporting based on The Wall Street Journal, the firm sold its entire stake in Universal Music Group (OTC:UMGNF) following two failed takeover attempts, sending UMG shares down 7% on the news. Shares have since rebounded, but ... Billionaire Bill Ackman’s Pershing Square Exits Universal Music After Failed Takeover Bids, Stock Slumps 7%

Lululemon shares fall on weak sales outlook as Q1 earnings top estimates
Proactive122d agobearish
Lululemon shares fall on weak sales outlook as Q1 earnings top estimates

Lululemon Athletica Inc (NASDAQ:LULU) shares fell about 10% in after-hours trading on Thursday after the athletic apparel retailer issued guidance pointing to a potential decline in sales, despite reporting first-quarter results that narrowly topped Wall Street expectations. The company...

Wall Street Analyst: Broadcom’s Flat AI Guidance Justified the Selloff, but Nvidia Remains Best-in-Class Chip Play
24/7 Wall St.122d agobearish
Wall Street Analyst: Broadcom’s Flat AI Guidance Justified the Selloff, but Nvidia Remains Best-in-Class Chip Play

Broadcom held the line on its AI guidance for its upcoming third quarter on Wednesday night, but the stock still fell 15% on Thursday morning. That counterintuitive outcome sits at the center of KeyBanc Capital Markets analyst John Vinh’s reaction on CNBC’s Squawk Box, where he defended his Overweight rating on Broadcom (NASDAQ:AVGO) while reiterating ... Wall Street Analyst: Broadcom’s Flat AI Guidance Justified the Selloff, but Nvidia Remains Best-in-Class Chip Play

Lululemon (NASDAQ:LULU) Exceeds Q1 CY2026 Expectations But Stock Drops
StockStory122d agobearish
Lululemon (NASDAQ:LULU) Exceeds Q1 CY2026 Expectations But Stock Drops

Athletic apparel retailer Lululemon (NASDAQ:LULU) announced better-than-expected revenue in Q1 CY2026, with sales up 4.3% year on year to $2.47 billion. On the other hand, next quarter’s revenue guidance of $2.46 billion was less impressive, coming in 5.1% below analysts’ estimates. Its GAAP profit of $1.69 per share was 1% above analysts’ consensus estimates.

A Look At LyondellBasell (LYB) Valuation After Recent Share Price Pullback And Recycling Growth Plans
Simply Wall St.122d agobearish
A Look At LyondellBasell (LYB) Valuation After Recent Share Price Pullback And Recycling Growth Plans

Stock performance snapshot and recent context LyondellBasell Industries (LYB) stock has pulled back about 11% over the past month, while still showing a gain of roughly 2% over the past 3 months and about 52% year to date. Over the past year the stock has returned around 29%. However, the 3 year and 5 year total returns show declines of about 11% and 15%. This provides important context for anyone reviewing the recent move. See our latest analysis for LyondellBasell Industries. Recent moves...

Texas AG Paxton to Probe Whether Celsius Marketed Energy Drinks to Children
The Wall Street Journal122d agobearish
Texas AG Paxton to Probe Whether Celsius Marketed Energy Drinks to Children

Texas Attorney General Ken Paxton has launched an investigation into Celsius Holdings to probe whether the company knowingly marketed energy drinks toward children and teenagers. The investigation will focus on the Alani Nu line of energy drinks, sold by a Celsius subsidiary and marketed with “colorful packaging, playful design elements, and youth-oriented branding strategies,” Paxton’s office said Thursday. Celsius Holdings didn’t immediately respond to a request for comment.