Nike’s (NKE) Jordan brand is gaining ground among sneaker resellers, offering an “encouraging” signal for a business still struggling to regain its footing. Citi’s tracking showed Nike captured 72.3% of resale volume in September, a 63bps increase from August, with Jordan driving most of the improvement. That also exceeded the 70.8% average recorded between June
Strategy (formerly known as MicroStrategy) stock (MSTR) fell on Friday as investors assessed the potential removal of the Bitcoin treasury company from MSCI’s global equity indexes, despite a rise in Bitcoin prices. The company also announced plans to maintain a 12% annualised dividend rate on its STRC preferred stock for November, subject to shareholder approval
Apple AAPL shares edged higher after the company’s first foldable smartphone, the iPhone Duo, sold out shortly after preorders opened on Friday. At 11:05 AM EST, the stock was trading around $346.46, up approximately 1.3% from Thursday’s close, as investors assessed the initial response to Apple’s long-awaited entry into the foldable phone segment. Users on
Traders are increasingly betting that billionaire Elon Musk’s Tesla and SpaceX will merge by early 2027, bringing fresh momentum to one of Wall Street’s most ambitious merger theories. By Friday morning, prediction-market odds of a merger before March had reached 56%, compared with 29% only earlier this week. The data follows a Barclays’ research note
Taiwan Semiconductor (TSM) plans to spend as much as $64 billion on capital expenditure (capex) this year, a commitment that could understandably make some shareholders nervous. But the size of that investment tells only half the story. TSMC’s latest financial disclosures show a business generating enough cash to fund “substantial” expansion, cover its dividend payments,
Micron Technology, SanDisk and SK Hynix stocks continued to fall on Thursday as concerns about Chinese memory-chip competition and a broader artificial intelligence sell-off weighed on the sector. Analysts see potential support from shareholder returns, but warn that a recovery could be harder to achieve than during previous market corrections. Micron shares MU fell as
Tesla TSLA shares fell close to 2% on Thursday, extending their losing streak to four sessions as a broader technology sell-off and speculation about a potential merger with SpaceX weighed on investor sentiment. The electric vehicle maker’s shares have declined around 18% this year, with investors assessing the company’s ambitious artificial intelligence plans, upcoming product
Microsoft shares rose on Thursday as five Wall Street firms raised their price targets, citing demand for its Azure cloud platform and growing enterprise adoption of artificial intelligence, even as the broader AI trade remained under pressure. Microsoft stock MSFT was recently up around 1.12% at $539.67 after falling 1.8% in the previous session. The
ServiceNow shares NOW rose 6.2% in trading on Thursday after TD Cowen raised its price target on the enterprise software company to $165 from $140 and reiterated its Buy rating. Analyst Derrick Wood expects a strong third-quarter performance, supported by customer upgrades, growth in security products and demand from US federal agencies. The gains came
Anthropic reported third-quarter revenue of $16.8 billion as growth slowed from the previous quarter, raising questions about its planned IPO valuation. US wholesale inflation accelerated to 6.3% annually in September, strengthening concerns about persistent price pressures and the Federal Reserve’s interest rate outlook. CoreWeave shares rebounded as BNP Paribas highlighted the risks associated with its