ADVFN US – Market Content Editor
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Bitcoin Falls Below $71,000 as Tech Market Weakness Weighs on Risk Assets
Bitcoin (COIN:BTCUSD) dropped sharply on Thursday, falling close to the $70,000 mark as reduced market liquidity and a widespread sell-off in global technology stocks placed renewed pressure on risk-sensitive assets. The leading cryptocurrency was down 7.6% at $70,427.1 as of 00:28 ET (05:28 GMT), marking its lowest level since early November 2024. During the session,…
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Alphabet’s AI Spending Signals, Amazon Earnings and Central Bank Decisions Drive Market Focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures suggested a mixed start to trading on Wall Street as investors evaluated major technology earnings and the continued volatility in software stocks. Alphabet (NASDAQ:GOOG) attracted particular attention after indicating it could significantly increase investment to support its artificial intelligence expansion, while market focus is also shifting toward results from e-commerce giant Amazon…
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Nasdaq Slumps To Lowest Closing Level In Over A Month But Dow Rises
After weighing on the markets during Tuesday’s session, technology stocks showed another significant move to the downside during trading on Wednesday. The tech-heavy Nasdaq slumped to its lowest closing level in over a month after flirting with its record highs just a week. The Nasdaq ended the day off its lows of the session but…
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Levi Strauss shares climb as Jefferies launches coverage with Buy rating
Levi Strauss (NYSE:LEVI) shares rose more than 2% on Wednesday after Jefferies initiated coverage on the denim group with a Buy recommendation, citing improving market share prospects and a business mix that supports steady revenue and earnings growth. Jefferies said Levi is well positioned to deliver long-term annual revenue growth of around 4% to 5%…
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Envirotech Vehicles shares jump on progress in modular data infrastructure project
Envirotech Vehicles Inc. (NASDAQ:EVTV) shares climbed 12.1% on Wednesday after the electric vehicle manufacturer announced meaningful advances in its modular data and power infrastructure initiative being developed in partnership with AZIO AI Corporation. The company said it has completed an on-site engineering and technical validation review, marking the shift from design and feasibility work into…
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Concorde International shares jump on $600 million merger with AI specialist YOOV
Concorde International Group Ltd (NASDAQ:CIGL) shares climbed 20.9% on Wednesday after the company unveiled a merger agreement with YOOV Group Holding Limited, an artificial intelligence–driven provider of business automation solutions. The transaction assigns a $600 million valuation to YOOV and marks a strategic shift for Concorde, which is combining its background in security services with…
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Mobix Labs surges after winning FAA approval for drone sensing platform
Mobix Labs, Inc. (NASDAQ:MOBX) shares jumped 51.5% on Wednesday after the company revealed it had received Federal Aviation Administration certification for its next-generation drone-based airborne sensing system. Securing FAA approval marks a major regulatory step, allowing Mobix Labs to transition the program from development into commercial rollout. With certification in hand, the company has begun…
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Johnson Controls jumps after strong Q1 beat and upgraded outlook
Johnson Controls International plc (NYSE:JCI) delivered a strong start to fiscal 2026, reporting first-quarter results on Wednesday that topped market expectations and prompted the company to lift its full-year guidance. Shares of the energy efficiency and building technologies group surged 8.09% in pre-market trading following the announcement. Adjusted earnings per share for the quarter came…
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Ares Capital posts Q4 results in line with forecasts, revenue narrowly below consensus
Ares Capital Corporation (NASDAQ:ARCC) reported fourth-quarter 2025 results that broadly met market expectations, with core earnings matching forecasts while revenue came in slightly under analysts’ projections. The business development company delivered core earnings per share of $0.50 for the quarter, in line with consensus estimates. Revenue totaled $793 million, just below the $795.2 million analysts…
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Polyrizon shares gain on plan to buy majority stake in private aviation company
Polyrizon Ltd. (NASDAQ:PLRZ) shares moved about 2% higher after the pre-clinical biotechnology company disclosed plans to acquire a controlling interest in Arrow Aviation Ltd., a privately held global aviation services provider. Under a non-binding memorandum of understanding, Polyrizon intends to purchase a 51% stake in Arrow Aviation for roughly $5.8 million (NIS 18,000,000) in cash.…