Investors are bailing on Skillz (NYSE: SKLZ) on Friday morning despite the company securing a monumental $420 million jury verdict in its high-stakes litigation against Papaya Gaming. The federal jury in Manhattan ruled that Papaya had engaged in systematic false advertising by using “bots” in its skill-based games, misleading players into thinking they were competing
Shares of Eli Lilly came under pressure on Friday after early prescription data for its newly launched weight-loss pill suggested a slower rollout compared with rival Novo Nordisk’s competing product. According to data from healthcare analytics firm IQVIA, Lilly’s Foundayo recorded 3,707 prescriptions in the US during its second week on the market, up from
Shares of Nvidia surged on Friday, putting the stock on track for a record closing high as renewed optimism around artificial intelligence demand rippled across the semiconductor sector. The rally was partly fuelled by strong earnings from Intel, which reassured investors about the durability of demand for advanced computing hardware. Nvidia’s stock rose 4.8% to
Shares of X-Energy Inc. surged in their market debut on Friday, opening sharply above their initial public offering price after the company raised more than $1 billion in an upsized offering that drew strong investor demand. The Rockville, Maryland-based nuclear energy firm priced its IPO at $23 per share, above the marketed range of $16
US President Donald Trump is dispatching envoys to Pakistan in a renewed push for talks with Iran, even as uncertainty persists over diplomatic progress. Google is deepening its artificial intelligence push with a multibillion-dollar investment in Anthropic, underscoring the intensifying race for computing infrastructure. Intel shares surged after stronger-than-expected earnings signaled improving momentum in its
US equities ended the week on a mixed note, with the S&P 500 and Nasdaq Composite closing at record highs on Friday, supported by optimism around potential US-Iran talks and a surge in semiconductor stocks led by Intel. The Dow Jones Industrial Average, however, lagged behind, ending the session slightly lower. The S&P 500 rose
The Indian rupee’s valuation against major global currencies has dropped to its lowest level in more than a decade, weighed down by rising crude oil prices and persistent foreign outflows. Data from the Reserve Bank of India’s latest bulletin showed that the rupee’s 40-currency real effective exchange rate (REER) fell to 92.72. The REER adjusts
The US Federal Reserve is widely expected to keep interest rates unchanged at its upcoming April 28–29 meeting, as policymakers weigh the economic fallout from a surge in energy prices against signs of resilience in the labour market. The decision comes at a time when financial markets are recalibrating expectations for rate cuts, while Fed
Meta Platforms and Microsoft will give Wall Street its most important AI test of the quarter on Wednesday, April 29, when both companies report after the bell. Meta’s Q1 2026 earnings call is set for 2:30 p.m. PT, while Microsoft has said it will publish fiscal Q3 2026 results after the close of the same
Intel stock (NASDAQ: INTC) soared as much as 28% in premarket trading on Friday after the chipmaker posted stronger-than-expected first-quarter earnings. The company issued second-quarter revenue guidance that topped Wall Street forecasts. For a company long written off as a laggard in the AI race, the move was a sharp reminder that sentiment can change