Shares of major enterprise software companies including IBM, Salesforce, and ServiceNow declined after a report revealed Starbucks is developing its own AI-powered tools to replace vendor applications as part of a major cost-cutting initiative.
Shares of FuelCell Energy surged after the company signed a memorandum of understanding with Siemens to jointly develop and deploy scalable fuel cell power solutions for commercial projects.
Shares in the Danish shipping giant fell after it confirmed plans to restart a key service through the Red Sea, a move expected to increase vessel capacity and pressure freight rates that had recently surged.
The German shipping line's stock initially fell sharply on news that a key competitor would restart a major route, signaling a potential end to inflated freight rates, before recovering to close slightly higher.
Meta Platforms shares declined in pre-market trading as investors reacted to CEO Mark Zuckerberg's comments about slower-than-expected AI development and a new regulatory order in France.
Bernstein has raised its 2026 gold price forecast to $4,533 per ounce, citing sustained demand from central banks and expectations of a limited rate-hike cycle from the U.S. Federal Reserve.
Raymond James has initiated coverage of SpaceX with a Strong Buy rating and an $800 price target, the highest on Wall Street, implying a potential 440% upside from its recent closing price.
Citi analysts have initiated coverage of Chinese automaker Chery with a 'Buy' rating and a HK$36 price target, citing the company's leading export position and attractive valuation following its recent listing.
The coffee giant is reportedly building its own AI-powered software for inventory and maintenance, aiming to reduce its $400 million annual software spend as part of a wider $2 billion cost-saving plan.
