Moody's Ratings has changed its outlook on Matador Resources to stable from positive, citing a substantial increase in debt following a series of large, primarily debt-funded acquisitions.
Shares of digital health companies Teladoc and GoodRx declined Thursday after OpenAI announced a new feature allowing ChatGPT to connect with and analyze users' personal medical records and health data.
The private equity owners are reportedly exploring a move to add debt to the accounting firm, which could result in the largest dividend transaction of the year, according to a Bloomberg report.
A series of key economic reports are due Friday, including S&P Global PMI and new home sales, which will offer fresh insights into U.S. business activity and the state of the housing market.
Ukrainian President Volodymyr Zelenskiy announced that U.S. defense contractor RTX has shown interest in jointly producing Patriot missile interceptors in Ukraine, following a U.S. pledge to grant Kyiv a manufacturing license.
Advanced Micro Devices announced its new 'Helios' AI servers are in full production and will ship by the end of Q3, a key step in its strategy to compete with Nvidia. CEO Lisa Su also revealed that ChatGPT creator OpenAI plans to deploy the new hardware.
Corporate earnings reports drove significant market divergence on Thursday, with industrial firms like RTX posting strong gains while major technology and telecom companies, including T-Mobile and Amazon, faced heavy selling pressure.
U.S. shale energy stocks have delivered returns exceeding 40% in the past year, outperforming crude oil and prompting investors to weigh high valuations against strong free cash flow and market momentum.
Microsoft is swapping OpenAI's image-generating AI with its own proprietary models in products like Bing and PowerPoint, a strategic shift aimed at cutting operational costs by as much as 85%.
