U.S. stock futures edged higher Wednesday, stabilizing after a sharp selloff in technology shares. Investor focus shifts to Alphabet's earnings and key labor market data for clues on the economy's health and the Federal Reserve's next move.
BitMine Immersion Technologies (BMNR) shares continue their sharp decline, shedding nearly a third of their value in a month, as investors flee despite the chairman's defense of the company's massive unrealized losses on its Ethereum holdings. Technical indicators and a breakdown in chart structure suggest the sell-off has further to run.
Disney's latest animated juggernaut isn't just a theatrical hit; it's a case study in how the company leverages blockbuster IP to drive growth across streaming, parks, and consumer products, creating a competitive moat that rivals struggle to breach.
While the OBBBA extends tax relief to millions, analysis shows high-income filers are positioned to capture a disproportionate share of the benefits, raising questions about the law's equity.
A former adviser to Donald Trump claims AI-powered transparency will prevent Bitcoin from ever reaching $1 million, drawing swift backlash from the crypto community and reigniting debates about the digital asset's core value proposition.
Anthropic's enhancement of its AI legal assistant has triggered a sector-wide sell-off, raising urgent questions about the future value proposition of established data platforms like FactSet in an AI-driven market.
Elutia Inc.'s independent chairman Kevin Rakin invested $74,000 in company shares last week, marking the largest insider buy in the past year. The move comes as the medical technology firm navigates a challenging market for early-stage healthcare innovators.
The launch of Anthropic's specialized legal plugin for Claude has sent shockwaves through the legal tech and services sector, triggering significant stock declines for established players and reigniting debates about the future of legal work and traditional law firm economics.
Despite persistent pressures in its government-backed Medicaid and Medicare businesses, Elevance Health reported Q4 performance in line with expectations, crediting strategic portfolio shifts and cost controls. CEO Gail Boudreaux outlined actions to stabilize margins, while analysts zeroed in on future risks and the growth trajectory of its commercial and Carillon health solutions segments.
While the broader market rallied, Wynn Resorts shares have stagnated, weighed down by a heavy debt load and underwhelming cash generation. Analysts flag risks and point to alternative opportunities.
A sharp selloff gripped data analytics, software, and professional services stocks on Tuesday, as investors reassessed the sector's vulnerability following Anthropic's launch of AI tools capable of automating key legal, sales, and marketing functions.
Two children and two adults walked away from a harrowing crash in Franklin, Tenn., after their truck flew off an interstate overpass. First responders are pointing to proper restraint use as the key to survival.
A sharp sell-off in U.S. technology stocks has rippled across Asian markets, dragging down regional indices and sending Bitcoin below $77,000. The shift reflects growing investor caution over lofty AI valuations and a broader rotation into more defensive sectors.
South Carolina Republican Nancy Mace has forcefully denied a magazine profile's claims that she ordered staff to deliver liquor after midnight, revealing a lifelong genetic condition that she says makes alcohol consumption dangerous. The allegations, countered by sharp criticism from a former aide, emerge as Mace faces a separate ethics committee probe.
U.S. software stocks extended losses Tuesday as investors grappled with the potential for new AI technologies to automate core business functions, threatening established revenue models across legal, sales, and marketing sectors.
A wave of selling hit technology and data-focused stocks Tuesday, fueled by investor concerns that new AI agents could disrupt legacy software businesses. The Nasdaq fell sharply as bitcoin extended recent losses, signaling a broader retreat from risk.
The car-sharing pioneer, founded in Cambridge in 2000, is closing its Seaport corporate office and consolidating operations with parent company Avis Budget Group. While service continues, the move marks the end of an era for the brand's Boston roots.
A sharp selloff in data service and software companies, triggered by new AI automation tools, weighed heavily on the Nasdaq and overshadowed a record high for the Dow. The market grapples with sector rotation, strong earnings elsewhere, and lingering concerns over Fed policy and a partial government shutdown.
The release of Anthropic's new Claude plugin for legal document review and compliance tracking has triggered a sharp sell-off in key legal software and publishing stocks, underscoring investor anxiety over AI's disruptive potential in the professional services sector.
CNBC's Jim Cramer voiced strong support for AstraZeneca when questioned by an investor considering a switch to AbbVie, highlighting the resilience of the pharmaceutical giant's oncology division.
