ADVFN US – Market Content Editor
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Xponential Fitness Shares Slide After CEO Retirement Announcement
Xponential Fitness Inc. (NYSE:XPOF) saw its stock tumble nearly 19% on Thursday following news that CEO Mark King will be stepping down due to health concerns. The unexpected announcement triggered investor unease, fueling a steep selloff amid concerns about the company’s leadership stability. King, who has led the global franchisor of boutique fitness and wellness…
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CoreWeave Shares Drop as AI Infrastructure Spending Overshadows Revenue Outlook
Shares of CoreWeave (NASDAQ:CRWV) slid more than 6% on Thursday following the company’s first earnings report since its March IPO, as investors reacted to a projected surge in capital expenditures that far outpaces expected revenue for 2025. The Nvidia-backed AI cloud provider revealed plans to invest heavily in infrastructure, estimating annual capital spending at nearly…
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Walmart Flags Incoming Price Hikes Amid Tariff Pressures, Skips Q2 Profit Guidance
Walmart (NYSE:WMT) warned on Thursday that it will begin raising prices later this month as new U.S. tariffs drive up costs, even as its first-quarter U.S. same-store sales beat expectations. Despite the caution, shares in the retail giant edged 0.5% higher in early trading and remain up over 60% year-over-year. The company chose not to…
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Coinbase Faces Up to $400 Million Loss Following Cybersecurity Breach
Cryptocurrency exchange Coinbase (NASDAQ:COIN) revealed it could incur losses between $180 million and $400 million due to a recent cyberattack that compromised account information for a portion of its user base. The news sent the company’s stock down roughly 3% in Thursday’s premarket trading. According to the company, it received a message from an unidentified…
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UnitedHealth Shares Drop Sharply Amid Reports of DOJ Criminal Probe Into Medicare Practices
Shares of UnitedHealth Group (NYSE:UNH) tumbled nearly 7% in premarket trading Thursday, following a report from The Wall Street Journal that the U.S. Department of Justice is conducting a criminal investigation into the company’s Medicare billing practices. This development further deepens the challenges facing the health insurance giant, which has already been navigating a turbulent…
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Jefferies Upgrades Petrobras to ‘Buy’ as Cost Discipline Enhances Investment Appeal
Petrobras (NYSE:PBR) received a bullish upgrade from Jefferies, which raised its rating on the Brazilian state-run oil giant from Hold to Buy, citing a more favorable risk-reward profile fueled by recent cost-cutting initiatives and a tighter approach to capital allocation. The reassessment follows Petrobras’ Q1 2025 earnings, where management emphasized a strategic shift toward operational…
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Walmart and Other Retail Giants Scramble to Salvage U.S. Summer Shopping Season
Major American retailers such as Walmart (NYSE:WMT) and a range of apparel brands are racing to replenish their inventories with goods made in China, as they prepare for the critical summer shopping season kicking off in late May. The urgency follows a temporary easing of tariffs between the U.S. and China, bringing rates down from…
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U.S. First-Time Unemployment Benefit Claims Unchanged
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in unchanged in the week ended May 10th The report said initial jobless claims came in at 229,000 last week, unchanged from the previous week’s revised level. Economists had expected jobless claims to tick up to 229,000 from the…
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Dow Jones, S&P, Nasdaq, Futures Pointing To Initial Weakness On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a lower open on Thursday, with stocks likely to move to the downside following the mixed performance seen in the previous session. Traders may look to cash in on the recent strength in the markets, which saw the Nasdaq…
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Nasdaq Top 5 Premarket Losers: Healthcare Triangle, Klotho Neurosciences, New Fortress Energy, NanoVibronix, MDJM
Here are the top five losers by percentage on the Nasdaq before the market opened. Healthcare Triangle Inc (NASDAQ:HCTI)Healthcare Triangle Inc is a healthcare information technology company focused on advancing innovative industry-transforming solutions in the sectors of cloud services, data science, and professional and managed services for the healthcare and life sciences industry. Price: 0.038Percentage…