Shares of Jackson Financial (JXN) surged after Jefferies upgraded the stock to 'Buy' from 'Hold' and raised its price target, citing the company's strong leverage to equity market performance.
Standard Chartered analysts report that uncertainty over the evolving Bitcoin strategy of major corporate holder Strategy is creating near-term price pressure, but the bank maintains a $100,000 year-end price target for the cryptocurrency.
Derivatives exchange Cboe Global Markets plans to list options on SK Hynix just two business days after the chipmaker's U.S. market entry, a move that could quickly boost liquidity for the major AI stock.
Prices for high-bandwidth memory (HBM) could more than double by 2027, driven by intense demand from the artificial intelligence sector and significant manufacturing constraints, according to a report from DigiTimes. The supply squeeze is expected to benefit major memory producers while leaving smaller buyers facing potential shortages.
Canadian stock futures edged higher Friday, supported by a global tech rally and easing geopolitical tensions, as investors await a key domestic jobs report that could influence the Bank of Canada's next interest rate decision.
AI chipmaker Cerebras Systems is adding 200 megawatts of data center capacity in Europe, a move analysts at UBS view as a key step in de-risking its major supercomputer deployment for OpenAI.
The European Commission has issued preliminary findings against Meta, alleging that Facebook and Instagram's design features create addictive behaviors that pose risks to children, potentially violating the Digital Services Act.
The British pound strengthened against a broadly weaker U.S. dollar on Friday, as subsiding geopolitical risks in the Middle East shifted investor focus back to interest rate differentials.
Delta Air Lines reported second-quarter earnings and revenue that surpassed analyst expectations and reaffirmed its strong annual forecast, signaling sustained travel demand despite higher fuel costs.
