Shares of Rivian Automotive, Inc. fell sharply on Friday after the release of its latest quarterly results. Investors shifted focus away from improving fundamentals toward the company’s growing reliance on a single customer and the uncertain ramp-up of its next-generation vehicle platform.The stock declined about 5.7% on Thursday.Amazon dependence draws…
Elevated oil prices, partially linked to the US-Israeli war on Iran, helped Chevron top Wall Street’s first-quarter earnings estimates on Friday, driven by strong results from its upstream business.The company significantly surpassed expectations, reporting adjusted earnings of $1.41 per share, beating the LSEG consensus estimate of 95 cents. However, this strong…
Shares of Nvidia declined in early trading on Friday, slipping below the closely watched $200 level after a sharp drop in the previous session.The move comes as investor concerns about rising competition overshadow strong demand signals from artificial intelligence spending.The stock initially rose 1.4% to $202.08 before reversing course to…
One is the public face of the artificial intelligence boom. The other is the world’s richest man, a leading force behind the electric vehicle revolution and a self-styled futurist.Now, Sam Altman and Elon Musk are locked in a high-stakes legal battle over the future of OpenAI—the company that helped bring…
Shares of Paramount Skydance Corp surged on Friday, rising over 8% to $11.25 after a bullish analyst upgrade from Morgan Stanley, snapping a six-session losing streak. The move comes despite the stock remaining down roughly 18% year to date, highlighting a sharp shift in investor sentiment.The rally also outpaced broader…
Spirit Airlines is preparing to cease operations after failing to secure a last-minute financial lifeline, marking a dramatic fall for a carrier that once reshaped budget air travel in the United States.The airline had been seeking a $500 million rescue package from the administration of Donald Trump, but talks broke…
Shares of Twilio Inc. surged on Friday after the company delivered stronger-than-expected first-quarter results, standing out in a software sector that has struggled for positive momentum in 2026.The stock rose about 21% to $180.79, hitting a four-year high in the session. The rally extends Twilio’s gains to roughly 30% year-to-date…
US equities ended Friday on a mixed note, with the S&P 500 and Nasdaq Composite extending their record-setting run, while the Dow Jones Industrial Average lagged as investors weighed strong earnings against geopolitical uncertainty and easing oil prices.The S&P 500 rose 0.3% to a fresh intraday and closing high, while…
Five more states are joining a federal antitrust lawsuit aimed at stopping the blockbuster merger of Nexstar and Tegna, a corporate tie-up that would create the largest operator of local television stations in the country. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content.…
The Iran war has led to higher prices at the gas pump. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Gas prices in the United States, up more than 30% since the U.S. and Israel launched the war, have soared as the global…