SpaceX (SPCX) stock rose more than 1% on Friday to around $149 after initially slipping, extending its recovery from this week’s decline as investors digested another major artificial intelligence compute agreement. The latest contract could add $1.11 billion in monthly revenue beginning December 1, according to CFO Bret Johnsen, who disclosed the agreement at Goldman
Investors are heading into next week’s Federal Reserve meeting with expectations of a rate hike at their strongest levels in months after August inflation data showed that price pressures remain stubbornly high. The Consumer Price Index released Friday showed headline inflation rising 0.4% in August from July and 3.4% over the past year. Both readings
Brent crude oil price pulled back today, September 11, as traders started booking profits after the recent rally. It also retreated ahead of a potential meeting between Iran and Gulf countries. It was trading at $104, down modestly from this week’s high of $109.85. Iran and Gulf countries meeting Brent and West Texas Intermediate benchmarks
Oracle shares rose 6% in premarket trading on Friday after stronger-than-expected quarterly results and an upbeat outlook helped ease investor concerns over the cloud computing company’s debt-funded artificial intelligence spending. The enterprise software giant reported first-quarter revenue of $19.35 billion, ahead of the $19.14 billion consensus estimate from LSEG. Net income reached $4.7 billion, up
The situation continues to deteriorate for TripAdvisor’s stock. It fell to a record low of $8.82 on Thursday, extending a downward trend that started in 2014, when shares peaked at $98.80. Most notably, the current price is far below the $17.50 that a mystery buyer, speculated to be Apollo, had offered for the company. TripAdvisor’s
The US Consumer Price Index rose 0.4% in August, accelerating from a 0.1% increase in July and adding to pressure on the Federal Reserve to tighten monetary policy at its meeting later this month. The increase in headline CPI was in line with the Dow Jones consensus forecast. Prices were also 3.4% higher in August
Enbridge stock has suffered a sharp drop this week, falling to its lowest level since February, following some notable company announcements. Its US-listed shares have now declined for seven straight weeks and are down 16.50% from their high for the year. So, is it safe to buy the dip? Why Enbridge stock has slumped Enbridge
US stocks rose Friday as investors looked to recover from four consecutive sessions of declines, with easing oil prices helping sentiment. The Dow Jones Industrial Average rose 520 points, or 1%, while the S&P 500 gained 0.9% and the Nasdaq Composite advanced 0.8%. The rebound came after the major averages posted four straight daily declines.
Apple Inc (AAPL) officially entered the foldable market today, taking direct aim at rival designs. Addressing attendees at the flagship Cupertino launch event, newly installed CEO John Ternus emphasized that modern smartphones require expansive visual space to keep up with user demands. “For a device that plays such a central role in your life, a
Advanced Micro Devices (AMD) shares rose on Wednesday after Chief Financial Officer Jean Hu outlined an expanding artificial intelligence opportunity and said the company expects its data center business to double in 2027. The bullish outlook has also prompted analysts to raise their price targets, while Bank of America data showed increasing institutional ownership of