Nasdaq Opens Higher as Amazon Rally Offsets Apple's Post-Earnings Slump
The Nasdaq Composite gained at Friday's open, with a more than 14% surge in Amazon stock overpowering a 9% drop in Apple shares following their respective earnings reports.
Latest by Marcus Chen
Roblox Downgraded by BMO and Deutsche Bank on Slower Monetization, Weak Outlook
Analysts at BMO Capital Markets and Deutsche Bank have downgraded Roblox stock, citing a weak quarterly report and a strategic platform shift that is hurting near-term monetization and reducing financial visibility.
Mizuho: China's CXMT Poses Limited Threat to Global DRAM Pricing
Analysts at Mizuho argue that concerns over Chinese memory maker CXMT flooding the global DRAM market are overblown, citing technological constraints and a slower-than-expected growth trajectory.
Euronext Stock Hits 52-Week High on Record Q2 Earnings Beat
Shares of the pan-European exchange operator surged after it reported record second-quarter revenue and profit that significantly exceeded analyst forecasts, driven by broad-based growth and expanding margins.
US Adds 43 More Firms to China Forced Labor Import Ban List
The U.S. has expanded its import ban list, adding 43 companies, including a major electronics component maker, over their alleged ties to forced labor in China's Xinjiang region. The move increases compliance risks for global supply chains.
Nestlé Lobbies US Regulators for Simpler Food Ingredient Labeling
The global food giant is pushing for changes to U.S. food labeling rules, aiming to replace complex scientific names with more common terms to appeal to ingredient-conscious consumers.
GE Vernova Stock Rallies as Analysts Dismiss Post-Earnings Sell-Off
GE Vernova shares gained nearly 5% as investors reassessed the company's strong fundamentals following a wave of bullish analyst ratings. The energy equipment maker's stock is recovering from a post-earnings sell-off that Wall Street now views as an overreaction.
T. Rowe Price Stock Slides as $6.5 Billion Outflow Overshadows Earnings Beat
Shares of the Baltimore-based asset manager fell sharply after its second-quarter report, as investors focused on persistent client redemptions rather than better-than-expected profit and revenue.
Corteva Shares Tumble on Q2 Revenue Miss and Muted Outlook
Shares of agricultural sciences firm Corteva fell sharply after its second-quarter revenue fell short of analyst expectations, overshadowing an earnings beat and raising concerns about its full-year performance.