Trump Media stock (NASDAQ: DJT) dropped 8.03% to $9.39 on Monday before slipping slightly further after hours, as investors confronted another quarter of heavy losses and little revenue. The Truth Social owner reported a $238.1 million second-quarter net loss, compared with about $20 million a year earlier, while revenue rose 89% to $1.7 million. Much
Foreign investors continued pulling money from Asian equities in July, but the headline outflow masks a striking shift underneath: capital moved away from the region’s biggest AI winners while selectively returning to markets with less dependence on the semiconductor boom. Investors sold a net $25.48 billion of shares across seven major Asian markets during the
Twilio stock price jumped to its highest level since January 2022 after publishing strong financial results. TWLO hit a high of $248, up by over 500% from its lowest level in 2023, with its market capitalization hitting over $37 billion. Twilio’s business is gaining momentum Twilio has become one of the best-performing software companies in
The popular iShares 20+ Year Treasury Bond ETF (TLT) has slumped into a correction as its outflows rose and as long-term US bond yields rose. It is also under pressure as the US public debt nears the $40 trillion milestone. It was trading at $82.7 on Friday, down by 10% from its highest point last
Twilio stock price jumped to its highest level since January 2022 after publishing strong financial results. TWLO hit a high of $248, up by over 500% from its lowest level in 2023, with its market capitalization hitting over $37 billion. Twilio’s business is gaining momentum Twilio has become one of the best-performing software companies in
A weaker-than-expected US jobs report showed the labor market contracted in July, prompting investors to scale back expectations for a Federal Reserve rate hike. Gold prices climbed to a seven-week high as lower rate expectations boosted demand for bullion. Oil prices remained volatile as markets assessed negotiations over transit through the Strait of Hormuz amid
US stocks ended higher on Friday, with the S&P 500 closing at a record high as weaker-than-expected July jobs data reduced expectations for a Federal Reserve interest rate hike in September and boosted investor appetite for technology and growth stocks. The S&P 500 rose 0.6% to finish at 7,756.44, while the Nasdaq Composite climbed 1.3%
Retail crypto trading has cooled, but the dollar-pegged tokens underneath it are having their best year. “In the past 12 months, there’s been over 300 million unique users of stablecoins, which is an absurdly high number,” said Patrick Kim of the analytics firm Artemis. “If you told this to someone five years ago, they would
Samsung Electronics and SK Hynix have gone from powering South Korea’s artificial-intelligence rally to becoming symbols of its violent unwind. Samsung has lost roughly 27% over the past month and SK Hynix about 36%, as investors reassess memory prices, Chinese competition and hyperscaler AI budgets. Friday offered little relief as Samsung finished 0.22% higher, while
SpaceX (SPCX) inaugural earnings call following its blockbuster debut on Nasdaq sent “seismic” ripples across Wall Street. While investors digested the aerospace giant’s eye-popping $15.8 billion artificial intelligence (AI) capital expenditure outlay and its bold operational roadmaps, Elon Musk made it clear where that capital is flowing. By laying out the fundamental physical and architectural