Category: Latest News

Quest Diagnostics Incorporated (NYSE:DGX), a prominent provider of diagnostic testing and information services, has hit a record-breaking share price of $180.11, pushing the company’s market capitalization to nearly $20 billion. Analysts currently view the stock as trading above its estimated fair value, signaling robust investor confidence. The achievement follows a year of steady growth, during…

Ford Motor Co. (NYSE:F) continues to struggle with securing a stable supply of rare earth magnets from China, essential components in its vehicle manufacturing process. In a Friday interview with Bloomberg TV, Ford CEO Jim Farley characterized the situation as highly volatile, saying the company is operating on a “day-to-day” and “hand-to-mouth” basis regarding the…

Shares of Visa (NYSE:V) dropped 5.4%, Mastercard (NYSE:MA) fell 4.6%, and American Express (NYSE:AXP) slipped 2% after a Wall Street Journal article disclosed that leading retailers are considering issuing their own stablecoins to bypass conventional card payment fees. Other payment companies also saw declines, with Capital One (NYSE:COF) down 3%, PayPal (NASDAQ:PYPL) losing 2.6%, and…

Indian officials are probing various factors related to the recent Air India Boeing (NYSE:BA) 787-8 crash in Ahmedabad, which tragically claimed over 240 lives, according to a Reuters report on Friday. The ongoing investigation is examining technical issues such as potential problems with engine thrust, flap malfunctions, and the unusual circumstance of the landing gear…

Clorox Co (NYSE:CLX) stock recently hit its lowest point in a year, dropping to $125.66 as the company faces mounting pressures in a challenging market environment. Known primarily for its bleach and cleaning products, Clorox has experienced a 5.65% decline in its share price over the past 12 months amid ongoing supply chain disruptions and…

Shares of Archer Aviation Inc. (NYSE:ACHR) dropped 15% on Friday following the company’s announcement of an $850 million capital raise through a registered direct offering. The deal involved the sale of 85 million shares at $10 each. The move bolsters Archer’s liquidity position to approximately $2 billion on a pro forma basis, but the significant…

OpenAI will maintain its collaboration with Scale AI, even after Meta Platforms (NASDAQ:META) acquired a significant 49% ownership stake in the startup through a $14.8 billion deal announced Friday. Speaking at the VivaTech conference in Paris, OpenAI Chief Financial Officer Sarah Friar affirmed the company’s commitment to open collaboration across the artificial intelligence ecosystem, regardless…

Nvidia (NASDAQ:NVDA) is joining forces with Deutsche Telekom (USOTC:DTEGY) to roll out what will be Europe’s first dedicated industrial AI cloud platform, aimed at supporting German manufacturers. According to a joint announcement on Friday, the project is expected to be fully operational by 2026. The initiative marks a key step in advancing AI-driven digital transformation…

U.S. tech heavyweights saw broad losses early Friday as investors pivoted away from riskier assets in response to escalating geopolitical tensions following Israeli airstrikes on Iran. The elite group of technology firms dubbed the “Magnificent Seven” all traded in the red during early pre-market hours. Apple (NASDAQ:AAPL) slipped 1.2%, Microsoft (NASDAQ:MSFT) lost 1.1%, and Meta…

Several major U.S. retailers, including Walmart (NYSE:WMT) and Amazon (NASDAQ:AMZN), are reportedly evaluating the potential to issue their own stablecoins—a move that could shift billions in transactions away from conventional banking systems and significantly reduce processing fees. A report from The Wall Street Journal indicates that both retail powerhouses have explored launching proprietary digital currencies…