AMC Entertainment AMC shares rose about 7% in trading on Friday after CEO Adam Aron sharply criticized Robinhood Markets’ efforts to offer tokenized real-world assets, including tokens linked to AMC stock. Aron warned Robinhood CEO Vlad Tenev that the cinema chain could pursue legal action if the fintech company does not stop trading what AMC
Blue Owl stock has staged a strong comeback in recent months, climbing from a low of $7.60 in April to around $11.85 currently. The rally could have further room to run after the stock formed a golden cross and a bullish flag pattern, while fading jitters across the AI sector could provide an additional tailwind.
Uber Technologies is cutting about 3,300 jobs as Chief Executive Dara Khosrowshahi moves to streamline the company’s organization, reduce costs and speed up decision-making at a time when the ride-hailing giant is preparing for a potentially disruptive shift toward autonomous vehicles. The cuts, equivalent to roughly 10% of Uber’s workforce, sent shares (UBER) about 2%
Snowflake stock has remained in a narrow range in the past few weeks, but this may change later today, September 2nd, when the company publishes its financial results. SNOW was trading at $319.80, down modestly from last month’s high of $341. Snowflake to publish earnings as growth continues Snowflake, one of top technology companies that
US private employers added jobs at a slower-than-expected pace in August, with hiring increasingly concentrated in healthcare and a handful of other industries, suggesting the labor market is losing momentum as the Federal Reserve weighs its next policy moves. Payrolls processor ADP said Wednesday that private-sector employment increased by 38,000 last month, down from an
US stocks opened mixed on Wednesday as investors weighed renewed US-Iran tensions, rising global bond yields and continued strength in the artificial intelligence trade. The Dow Jones and S&P 500 indices edged higher, while the Nasdaq Composite slipped as investors assessed the impact of elevated oil prices on inflation and the Federal Reserve’s policy outlook.
MongoDB stock MDB fell sharply on Wednesday after the database software company reported second-quarter results that beat expectations but failed to deliver the faster Atlas growth investors had anticipated. Shares were down 13% in trading at $375.72 after closing Tuesday down 4% ahead of the earnings release. The selloff came despite 30% year-over-year revenue growth,
PI price has risen 2.6% over the past 24 hours to roughly $0.0934 as traders position ahead of Pi Network’s expected Protocol 27 upgrade on Sept. 15. CoinGecko puts PI at $0.09337 at the time of writing, with the token also up 4% over the past seven days, 8.4% in two weeks and 13.7% over
Samsung Electronics and SK Hynix shares fell about 3% Wednesday as a fresh macro shock hit the AI-memory trade. Samsung traded at 252,750 won in early Seoul dealings, down 3.16%, while SK Hynix dropped 3.6% to 1.632 million won. The KOSPI opened 3.08% lower as renewed US-Iran fighting pushed oil prices higher and drove investors
Rocket Lab stock (NASDAQ: RKLB) is under pressure, Neutron’s inaugural launch window is narrowing and NASA has handed a major Mars communications contract to Blue Origin. Yet Cathie Wood’s ARK Investment Management is buying. ARK purchased 504,799 Rocket Lab shares across three ETFs on Tuesday, worth about $31.6 million at the $62.54 closing price. That