Stocks erase morning losses in volatile trading session |
Stocks bounced back from morning losses as the S&P 500 posted a modest gain, the Nasdaq 100 posted a modest loss, and the Russell 2000 finished flat. The real estate sector was the best-performer while consumer staples was the worst-performer. An agreement between the US and Iran on a "set of guiding principles" sent oil prices lower and lifted shares of airlines, including United Airlines, American Airlines, Alaska Air, JetBlue, and Delta Air Lines. Stocks that moved higher: |
- Masimo skyrocketed as Danaher closed in on a $9.9 billion deal to acquire the medical device maker.
- Compass Pathways surged after reporting encouraging late-stage trial results for its psilocybin depression treatment.
- ZIM Integrated Shipping Services skyrocketed on news that its rival Hapag-Lloyd signed a deal to buy the company for $35 a share in cash.
- Norwegian Cruise Line spiked after the Wall Street Journal reported that Elliott Investment Management has built more than a 10% stake in the company.
- Paramount Skydance gained as Netflix granted Warner Bros. Discovery a seven-day waiver to resume deal talks with Paramount.
- Fiserv rose after the Wall Street Journal reported that Jana Partners has built an activist position in the payments company.
- Figma gained after partnering with Anthropic for a new "Code to Canvas" feature.
- AMC ticked higher amid a Bloomberg report on the company's efforts to refinance $2.5 billion in debt.
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- Gemini Space Station, the crypto firm the Winklevoss brothers founded, plummeted after three top executives left in a "big shakeup."
- JFB Construction Holdings sank after announcing a $1.5 billion merger with drone maker Xtend in a pact backed by Eric Trump.
- Atlassian fell after it reportedly froze hiring amid the software stock rout.
- ServiceNow ticked lower despite the CEO announcing a plan to purchase $3 million in company stock, as well as five other executives canceling preset stock-selling plans.
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Analysts and company execs are trying to dispel fears around AI's impact on gaming, but Wall Street is still wary. Read more. |
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Being concerned about "overinvestment" is really a very narrow statement about worries over hyperscalers' ROI. Read more. |
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On Sunday, Logan Paul sold his Pikachu Illustrator "Pokémon" card for a record $16.5 million to AJ Scaramucci, son of former White House Communications Director Anthony Scaramucci. Read more. |
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- Walmart's earnings have high bar to clear as search for safety pushes valuations into stratosphere
Walmart's underwhelming full-year guidance catalyzed a momentum stock meltdown this time last year. - After more than 4 years of pain, Rivian had a wild ride last week
The EV maker's software division helped power a strong Q4, as industry giants pump the brakes on their electric ambitions. - President Trump, the "undisputed champion of beautiful, clean coal," wants the Defense Department to start buying more of it
US total coal consumption, however, has plummeted in the last two decades. - Most of America's 10 favorite US presidents served over 100 years ago
A new YouGov survey finds many American adults think, when it comes to presidents, you can't beat the classics. - Hedging the AI trade and crypto with futures
As anxiety over the AI trade increases and volatility in crypto spikes, traders who are worried about downswings can manage risk with futures. - Younger companies and leaders embrace more remote work, new study finds
Firms founded in the past decade have nearly twice the WFH rates of those started before 1990. - Wendy's sales got crushed during the pandemic — last quarter was even worse
The chain is planning to close as many as 6% of its locations in the first half of 2026. - Tesla's 45 Austin Robotaxis now have 14 crashes on the books since launching in June
Tesla submitted five new crash reports in January involving its Austin Robotaxi fleet, Electrek reports. - Sony is reportedly considering pushing the PlayStation 6 to 2028 or 2029 as AI RAM demand squeezes consumer electronics
AI-led memory shortages threaten to hike gaming costs, along with a host of other electronics. - Bitcoin struggles to reach $70,000 as it heads for worst Q1 since 2018
If bitcoin ends February in the red, it will be its fifth consecutive monthly loss, and one analyst says bitcoin could "revert to $10,000."
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