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CrowdStrike shares slumped 11% in premarket trading on Thursday despite the cybersecurity company delivering better-than-expected quarterly results, as investors appeared unimpressed by annual recurring revenue growth and likely opted to lock in gains following a blistering rally. The stock had been one of the strongest performers in the software sector, rising about 60% in May… Continue reading CrowdStrike shares drop on ARR shortfall despite strong quarterly results

China’s CATL, the world’s largest battery manufacturer, expects energy storage to account for half of its global sales by 2030, up from approximately 25% at present, according to a company executive. Kevin Tang, CATL’s Director of Energy Storage Systems for Europe, said the energy storage segment has grown significantly over the past five years. Speaking… Continue reading CATL expects energy storage to account for half of global sales by 2030

US stock futures were mixed on Thursday as a steep premarket drop in Broadcom dragged technology shares lower and interrupted Wall Street’s record-setting run. Nasdaq 100 futures led declines, while Dow contracts edged higher. The pullback followed a powerful advance to record highs and came as investors assessed fresh geopolitical risks, upcoming labour-market data and… Continue reading Wall Street futures remain mixed: 5 things to know before markets open

Elon Musk’s SpaceX is days away from what could become the largest initial public offering in history, giving the public its first opportunity to own shares in the rocket, satellite, and artificial intelligence company. The company has now disclosed its IPO price, launch timeline, and other details, answering some of the biggest questions investors have… Continue reading Before you invest in SpaceX: the IPO details most investors are missing

Universal Music shares fell on Thursday after billionaire investor Bill Ackman’s Pershing Square Capital Management sold its remaining stake in the world’s largest music company, ending a five-year investment that is expected to generate profit of at least $600 million. The disposal involved approximately 80.6 million Universal Music shares valued at more than $1.5 billion,… Continue reading Universal Music shares fall as Ackman sells $1.5B stake

Meta Platforms is facing another delay in its artificial intelligence rollout, and investors have a familiar question: how much patience does the stock still deserve? The company’s Muse Spark developer API has reportedly been pushed back several times, with no confirmed launch date as of this week. That would be a smaller issue if Meta… Continue reading Meta’s AI push hits another delay: is META stock still a buy?