Category: Latest News
-
Snap shares tumble as court ruling and insider selling deepen investor concerns
Snap (NYSE:SNAP) shares dropped 12.4% in pre-market trading as investors reacted to a significant court ruling involving social media liability, a large insider share sale and continued caution among Wall Street analysts despite the company’s better-than-expected second-quarter results. The stock fell to $4.74 ahead of the opening bell, compared with its previous close of $5.41,…
-
Rothschild upgrades Apple to Buy as foldable iPhone and AI strategy drive optimism
Rothschild & Co Redburn has upgraded Apple (NASDAQ:AAPL) from Neutral to Buy and lifted its price target sharply to $400 from $260, citing the company’s expected entry into foldable smartphones alongside the potential evolution of its artificial intelligence strategy. Analysts led by Timm Schulze-Melander said Apple’s AI offering, Apple Intelligence, has so far fallen short…
-
Anthropic IPO valuation looks to $190-200 billion revenue target for 2028
Anthropic (NASDAQ:ANTP) could be heading towards one of the largest initial public offerings on record, but determining an appropriate valuation is requiring Wall Street to look considerably further ahead than usual. Bankers and investors are reportedly basing their calculations partly on how much revenue the artificial intelligence company could generate two years from now. Anthropic…
-
S&P 500 nears record as weak retail data and Iran tensions shape critical week
The S&P 500 enters a pivotal week for earnings and economic data within touching distance of a record close, after finishing Friday, August 14, just 13 points below its all-time closing high of 7,798.99. The benchmark slipped 0.17% to 7,785.76 in the previous session, with Applied Materials (NASDAQ:AMAT) contributing to the decline after its shares…
-
Gold rises towards $4,400 as weaker dollar supports prices despite Middle East inflation concerns
Gold prices moved higher on Monday, remaining close to $4,400 an ounce as weakness in the U.S. dollar and softer economic indicators provided support, while uncertainty over Middle East energy supplies continued to pose an inflation risk. At 01:04 ET (05:04 GMT), XAU/USD gained 0.5% to $4,399.44 an ounce, while Gold Futures advanced 0.4% to…
-
Oil prices steady after strong weekly gains as Iran and Hormuz risks persist
Oil prices traded in a narrow range on Monday after posting strong gains the previous week, with ongoing uncertainty surrounding U.S.-Iran relations and disruption in the Strait of Hormuz continuing to support crude markets. Brent oil futures were up 0.1% at $88.62 a barrel by 00:42 ET (04:42 GMT), while West Texas Intermediate crude futures…
-
Fed rate hike bets retreat as markets await retail earnings and fresh economic signals: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures were mixed on Monday as investors further reduced expectations for an interest rate increase from the Federal Reserve in September following a run of softer economic data. Attention is also turning towards a busy week of retail earnings, including results from Walmart (NYSE:WMT), Home Depot (NYSE:HD) and Lowe’s (NYSE:LOW). Elsewhere, Anthropic’s (NASDAQ:ANTP)…
-
Ferrari’s one-off Luce EV sells for record $40 million at charity auction
Ferrari (NYSE:RACE) has sold a unique, specially commissioned version of its first fully electric vehicle, the Luce, for $40 million at auction, with the proceeds set to fund education initiatives supporting young people. The sale took place in partnership with RM Sotheby’s during Monterey Car Week and provides a high-profile boost for Ferrari as it…
-
Morgan Stanley Favours Quality, AI Adopters and Financials as Earnings Growth Broadens
Morgan Stanley sees U.S. corporate earnings momentum spreading well beyond the largest technology companies, creating opportunities in quality stocks, artificial intelligence adopters, large-cap financials and consumer discretionary goods. Strategists led by Michael Wilson argue that investors are also becoming more selective, increasingly rewarding businesses that combine earnings growth with strong free cash flow and operating…
-
JPMorgan Raises S&P 500 Target to 8,000 as Earnings and AI Growth Strengthen Outlook
JPMorgan has increased its 2026 S&P 500 price target to 8,000 from 7,800, pointing to an exceptionally strong second-quarter earnings season and growing evidence that massive artificial intelligence investments are translating into stronger business performance. The bank also raised its earnings forecasts for both 2026 and 2027, although elevated interest rates, geopolitical risks and heavy…