Wall Street and currency markets remained cautious on Thursday after revised government data showed the US economy expanded more slowly than previously estimated during the first quarter of 2026. The US Commerce Department said gross domestic product (GDP) grew at an annualized rate of 1.6% in the January-to-March period, down from the earlier estimate of
Wall Street traded mixed on Thursday as investors weighed softer-than-expected monthly inflation data against escalating geopolitical tensions between the United States and Iran, which pushed oil prices sharply higher. The Dow Jones Industrial Average fell 194 points, or 0.37%, while the S&P 500 and Nasdaq Composite fell 0.14% and 0.24%, respectively. Markets initially found some
The red-hot Roundhill Memory ETF (DRAM) is firing on all cylinders amid the rising demand for its constituent companies. It jumped to a record high of $62 this week, up by 120% from its all-time low. This surge, together with its robust inflows, have brought its assets under management (AUM) to $12.18 billion, making it
A security incident has affected StakeDAO’s infrastructure on Arbitrum, with researchers identifying abnormal activity tied to its vsdCRV contract. The exploit is linked to a suspected infinite minting vulnerability that may have allowed the creation of an extremely large supply of synthetic staking tokens, reportedly around 5.4 trillion vsdCRV units. Early tracking also suggests that
Shares of X-FAB surged sharply on Wednesday, rising as much as 76% during trading, as retail investors piled into the stock following a viral social media post that promoted the company as an attractive investment opportunity. The rally marked the latest example of heightened enthusiasm surrounding semiconductor companies, particularly those linked to artificial intelligence, photonics,
Shares of Zscaler (ZS) plunged more than 23% in Wednesday’s premarket trading. The cybersecurity company reported better-than-expected quarterly earnings. However, its cautious guidance heightened concerns over slowing customer acquisition, rising competition, and higher AI-related infrastructure costs. The sharp selloff highlighted growing investor sensitivity toward software companies whose valuations remain heavily dependent on sustained high growth,
CoreWeave (NASDAQ: CRWV) stock price remains under pressure this month, despite its rising role in the artificial intelligence (AI) industry, where it has become the partner of choice of top companies. CRWV dropped to $105 on Tuesday, down from this month’s high of $138. With its short interest at 14% and its stock down by
Wall Street opened higher on Wednesday as investors extended a technology-driven rally fueled by artificial intelligence optimism, while also monitoring fragile diplomatic developments between the United States and Iran. The S&P 500 and the Nasdaq Composite climbed nearly 0.07%. The Dow Jones Industrial Average gained roughly 147 points. The gains followed another record-setting session for
Broadcom (NASDAQ: AVGO) stock has moved sideways in the past month as the recent bullish momentum faded. This consolidation may be calm before the storm as it has formed a bullish flag pattern ahead of its quarterly earnings on June 3. Broadcom stock has formed a giant bullish flag pattern The daily chart shows that
Virgin Galactic (NYSE: SPCE) stock price has gone parabolic this month, reaching its highest point since December last year. SPCE shares have jumped by 65% from their lowest level this year. So, will the stock continue rising as short interest jumps? Virgin Galactic has soared ahead of the SpaceX IPO The SPCE stock price has