BigBear.ai (NYSE: BBAI stock) surged about 18% on Friday after a string of company announcements and heavy trading activity rekindled interest in the beaten-down AI stock.Volume witnessed considerable growth versus recent sessions, a sign that both news-driven buyers and short-covering traders stepped in.The move left investors debating whether today’s rally…
The Japanese yen slipped as traders positioned for Sunday’s snap election, with markets expecting Prime Minister Sanae Takaichi to extend her hold on power and keep a reflationary policy mix in place.According to MUFG Bank analysts, Japan’s political backdrop is adding “downward pressure on the yen,” while Polymarket pricing cited…
Wall Street’s favourite macro assumption that inflation will cool “enough” to let the Federal Reserve cut rates on a predictable timetable faces a real stress test in the coming weeks.The Bureau of Labor Statistics will publish January’s Consumer Price Index (CPI) next week on February 13, followed by the Producer…
Elon Musk’s decision to have SpaceX acquire artificial intelligence startup xAI has sent ripples across global financial markets, reviving long-standing speculation about whether his sprawling corporate empire could eventually be consolidated into a single technology conglomerate.The acquisition, announced earlier this week, already comes amid reports that SpaceX is pursuing an…
The software sector is currently weathering a violent storm, characterized by a rapid sell-off that some are calling a “SaaSapocalypse.”The panic intensified this week as AI startup “Anthropic” introduced advanced capabilities to its Claude Cowork agent, fueling fears that traditional software-as-a-service models are on the brink of obsolescence.However, Wedbush’s senior…
Tech stocks have struggled in recent days amid fears of overspending on artificial intelligence and a sharp selloff in software and semiconductor names. Apple, however, has emerged as a rare outperformer, bucking the broader downturn and attracting renewed investor interest.Shares of Apple were up about 6% this week as of…
Qualcomm (NASDAQ: QCOM) shares opened about 11% down on Feb. 5 after the semiconductor giant issued cautious guidance for its fiscal Q2 that overshadowed its record-breaking performance in the holiday quarter.In its earnings release, the company based out of San Diego, CA, cited the global memory shortage that’s forcing smartphone…
Precious metals are experiencing renewed selling pressure, with silver prices falling sharply on Thursday. This decline has largely erased the brief rebound the sector saw earlier this week.On COMEX, the March silver contract shed more than 13% on Thursday, while gold fell more than 2% below $4,900 per ounce. Meanwhile, oil…
For years, the primary cloud hanging over Nio Inc (NYSE: NIO) has been its inability to translate technological brilliance into sustainable profitability.Its persistent “cash burn” often scared away value-oriented investors, keeping the stock price under pressure despite rising delivery numbers.However, that major overhang just evaporated. In a historic “profit alert”…
Europe’s news agenda turns on policy signals, capital markets, regulation and geopolitics. The Bank of England held rates at 3.75% but cracked the door to cuts, jolting sterling and bond markets. Corporate focus shifts to Hong Kong as Syngenta revives IPO ambitions. Regulators tighten their grip on Big Tech with…