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Amazon’s Shares Gain as $4B Deal with AI Firm Anthropic Announced
Shares of Amazon gained over 1% on the news that the company is looking to invest up to $4 billion in AI startup Anthropic.
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Market Analysis
How China’s Property Crisis Can Spill into Commodities, Other Markets
Chinese property stocks nosedived again on Monday after Evergrande scrapped crucial creditor meetings.
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FaZe Holdings Up 36% in Mysterious Premarket Surge
Shares of FaZe Holdings rallied around 36% on Monday in a mysterious pump.
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MicroStrategy Tops Up Bitcoin Holdings to $4.68B, Stock Down 0.8%
Michael Saylor's MicroStrategy bought over 5,400 BTC, new filings revealed, taking its total BTC holdings worth to $4.68 billion.
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$16.9B Worth of Equities Sold in a Week as Bond Inflows Continue: Report
Investors offloaded $16.9 billion worth of stocks in the latest week after central banks remained hawkish amid sticky inflation.
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Cisco to Acquire Splunk for $28B, Shares Fall 4.2% Premarket
Shares of Cisco fell in premarket after the company announced it has agreed to buy Splunk for $28 billion.
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Broadcom Shares Down 5.8% Premarket After $14.2M Fine
Broadcom's shares fell nearly 6% in the Thursday premarket after South Korea regulators slapped a $14 million fine on the company.
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Instacart’s Shares Have Dropped 18% Since Listing, Trading at $32
Delivery service provider Instacart saw its share price tumble 18% since the Monday market debut.
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Ars Pharmaceuticals Shares Hit All-Time Low as FDA Rejects EpiPen Alternative
Shares of drugmaker Ars Pharmaceuticals crashed over 57% after FDA disapproved its EpiPen alternative.
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Nike is 20% Down YTD, But Can it Run Again?
Nike's shares inked a fresh 10-month low on Tuesday, broadening the stock's 2023 losses to 20%.
Market Analysis
MSCI China Index Continues Losing Streak, Down 8% This Year
MSCI China Index, which covers 85% of the Chinese stock market, is down 8% in 2023 amid persisting property market woes.
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Arm’s Shares Continue to Fall in Premarket, Bernstein Sets $46 Target
Shares of Arm fell in premarket trading Monday following a successful debut day that valued the company at over $65 billion.
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Is Adobe’s AI Play Already Priced In?
Adobe's shares dipped on Friday despite a robust Q3 report, raising questions whether its AI rally is already priced in.