Here’s why software stocks like Adobe, Salesforce, ServiceNow, Atlassian are crashing
Software stocks are in a freefall. Adobe stock price continued its freefall this week, reaching its lowest level since April 2020. It has now erased all the gains made during…
Central bank buying strengthens gold; silver to be volatile, says ING Group
Gold and silver are bouncing back after experiencing one of the sharpest corrections in precious metals in more than a decade. While short-term volatility is expected to remain high as markets…
US futures steady as tech rout deepens, AI fears weigh on software stocks
US stock index futures were muted on Wednesday after a sharp rotation out of technology stocks dragged major benchmarks to a losing session, while investors assessed earnings updates and prepared…
Uber outpaces revenue forecasts: why is the stock tanking over 5%
Uber closed the year with revenue that exceeded market expectations, underlining steady demand across its ride-hailing and delivery businesses even as investors focused on softer profitability and cautious near-term signals.…
Yum Brands posts mixed earnings as Taco Bell outpaces KFC and Pizza Hut
Yum Brands ended the final quarter of the year with results that reflected a widening performance gap across its restaurant portfolio. Strong demand at Taco Bell and steady international growth…
Zurich Insurance raises bid for Beazley to £8B, board backs takeover deal
Zurich Insurance has agreed an improved takeover bid for UK-listed cyber and speciality insurer Beazley, valuing the company at about £8 billion ($10.96 billion).Under the revised cash offer, Beazley shareholders…
Why Anthropic’s new Claude plugins sparked global selloff in software stocks
A sharp selloff in global software stocks deepened on Wednesday for a second day as investors grappled with the unsettling possibility that artificial intelligence could erode, rather than enhance, the…
AMD beats revenue, but stock plunges 9%: is AI chip hype cracking?
Advanced Micro Devices reported record fourth-quarter revenue of $10.27 billion and crushed profit expectations, yet investors punished the AMD stock with a 9% premarket plunge on Wednesday.The investors reacted sharply…
Here’s why NVIDIA stock price could be at risk of a crash to $150
NVIDIA stock price remains under pressure this week, even as American equities soared to a record high. NVDA dropped to a low of $180, down by 15% from its highest…
Eli Lilly beats earnings, lifts outlook on booming Zepbound and Mounjaro sales
Eli Lilly reported stronger-than-expected fourth-quarter earnings and issued robust guidance for the coming year, as soaring demand for its GLP-1 drugs reaffirmed its dominance in the global weight-loss drugs market.The…