Finance
Stocks making the biggest moves midday: Meta, Best Buy, AppLovin, Scotts Miracle-Gro and more
Check out the companies making the biggest moves in midday trading: Meta Platforms — The social media giant tumbled more than 6%. Meta lost two major legal cases concerning child safety this week. While the financial penalties aren’t large relative to the company’s size, Meta’s losses in court raise questions around Big Tech’s role in […]
Read More
Stocks making the biggest moves premarket: Micron, Sandisk, Newmont and more
Check out the companies making the biggest moves in premarket trading: Memory stocks — Shares of memory chipmakers tumbled following the unveiling of Google’ s new AI model, which the company said could reduce the amount of memory required to run large language models. Sandisk dropped nearly 4%, Micron Technology , Western Digital and Seagate […]
Read More
Stocks making the biggest moves after hours: Worthington Steel, Karman, MillerKnoll and more
Check out the companies making headlines after the bell : MillerKnoll — The furniture stock plunged 14%. MillerKnoll posted fiscal third-quarter adjusted earnings of 43 cents on revenue of $926.6 million. That reflected a year-over-year decline of 2% for adjusted earnings and an increase of 6% for revenue. The company warned of a roughly $8 […]
Read More
The research firm whose AI paper knocked the whole stock market is out with another big call
Key Points Citrini Research, the firm that issued a market-shaking bearish call on artificial intelligence earlier this year, is now warning that an oil-driven slowdown could drag down stocks. “If the war doesn’t end, equities will go lower,” Citrini founder James van Geelen wrote in a new Substack post. Even if the conflict in the […]
Read More
Former SEC chair Jay Clayton says regulators would scrutinize trading ahead of Trump post
Key Points Volume in S&P 500 and oil futures spiked on Monday roughly 15 minutes before President Donald Trump said the U.S. and Iran held talks over the weekend and that strikes on Iranian infrastructure would be halted. “Any move like that in advance of any announcement, the regulators are going to look at,” Jay […]
Read More
Stocks making the biggest moves premarket: Chewy, EchoStar, Arm, KB Home & more
Check out the companies making the biggest moves premarket: CF Industries — The fertilizer manufacturer and distributor fell nearly 4% as reports on negotiations surrounding the U.S.-Iran war signaled the commodity’s shortage could end. Fertilizer prices have soared since the closure of the Strait of Hormuz, sending shares of CF Industries up more than 27% […]
Read More
Jamie Dimon says Iran war makes Middle East peace prospects better in the long term
Key Points JPMorgan Chase CEO Jamie Dimon said the Iran war is risky in the short run but could improve the odds of a lasting Middle East peace. Dimon tied the peace calculus directly to economics, arguing that foreign direct investment flowing into the region will stall without stability. Speaking with Palantir executive Mike Gallagher […]
Read More
Stocks making the biggest moves premarket: Netgear, Jefferies Financial, Apollo Global & more
Check out the companies making headlines before the bell: Netgear — The San Jose, Calif.-based maker of WiFi routers and network switches surged 11% after the Federal Communications Commission (FCC) banned all imports of consumer routers made abroad, saying they pose national security risks. Jefferies Financial Group — Shares of the investment bank rallied nearly […]
Read More
Moody’s cuts rating on private credit fund run by KKR and Future Standard to junk as bad loans grow
Key Points Moody’s Ratings downgraded a private credit fund run by KKR and Future Standard to junk amid rising bad loans and a string of weak earnings. The ratings firm lowered the debt ratings of FS KKR Capital Corp one notch to Ba1 from Baa3 — pushing it into “junk” territory. Moody’s said the fund’s […]
Read More
Apollo gives investors only 45% of requested withdrawals from $15 billion private credit fund
Key Points Apollo’s $15 billion private credit fund received withdrawal requests equal to 11.2% of shares — more than double its 5% quarterly cap — and will return just 45 cents on the dollar to investors. Unlike rivals including Blackstone, which recently relaxed redemption limits to meet investor demand, Apollo is holding firm at the […]
Read More