The social media landscape shifted violently this week as a wave of selling wiped billions in market value. The catalyst? A landmark legal blow; a California jury found Google and Meta Platforms negligent in a high-profile “social media addiction” trial, sparking fears of a costly regulatory overhaul. Amidst the carnage, however, a senior Wells Fargo
The global video-game industry is entering a period of recalibration after Sony raised prices of its flagship PlayStation 5 consoles for the second time in less than a year, underscoring mounting cost pressures tied to memory chip shortages and supply-chain strain. The move, which lifts US prices by as much as $100 starting April 2,
The S&P 500 Index continued its strong downward trend last week as the Iran war continued, pushing crude oil and natural gas prices higher. The SPX index fell to $6,368, its lowest level since August last year. It has fallen in the last five consecutive weeks. S&P 500 Index in focus as Iran war takes
A surge in artificial intelligence adoption may be displacing some workers, but its overall effect on aggregate employment and wages in the United States has remained limited so far, according to a study released by the European Central Bank on Monday. The study comes as companies continue to invest heavily in AI tools, fuelling concerns
US stock futures struggled for direction on Monday as investors returned from the Juneteenth break to a market caught between easing oil risks and a more hawkish Federal Reserve. Progress in US-Iran talks helped pull crude prices lower, reducing fears of a fresh inflation shock from the Middle East. But the relief was not enough
Shares of AstraZeneca rose on Friday after the drugmaker reported positive results from late-stage clinical trials of its experimental chronic obstructive pulmonary disease (COPD) treatment, tozorakimab. The UK-based pharmaceutical company said the drug candidate met its primary objective in two Phase 3 studies, OBERON and TITANIA, marking a significant milestone in its respiratory pipeline. The
Lumentum stock price has gone vertical this year and is now trading at its all-time high. LITE jumped to a high of $803, up by 1,600% from its lowest level in December. This rally may be about to end as it approaches the distribution phase of the Wyckoff Theory. Wyckoff Theory suggests that the Lumentum
Nvidia shares remain under pressure, tracking a broader pullback in artificial intelligence-linked stocks. The stock fell 1.8% in early trading on Friday, after dropping 4.2% on Thursday to its lowest close since mid-December. It is now down around 10% for the year. The weakness reflects a shift in investor sentiment. AI-driven technology stocks, once market
Shares of Meta Platforms extended their selloff on Friday, as mounting legal setbacks weighed on investor sentiment, but the recent decline also points to a deeper concern building beneath the surface. While US court verdicts have triggered immediate losses, investors are increasingly focused on the broader implications for Meta’s business model and future risk profile.
For the better part of a year, Wall Street has operated on a cynical yet profitable mantra – “Trump Always Chickens Out,” or the TACO trade. The strategy was simple. Whenever the White House issued a fire-and-brimstone threat – be it “Liberation Day” tariffs, the sudden annexation of Greenland, or military ultimatums – investors would