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Dow slips as Treasury yields, oil prices keep Wall Street cautious

US stocks opened cautiously on Monday as investors monitored rising Treasury yields, elevated oil prices, and ongoing tensions in the Middle East following a volatile end to last week’s record-setting rally. The Dow Jones Industrial Average fell roughly 44 points, or 0.08%, while the S&P 500 was unchanged. The Nasdaq Composite was up by 0.13%.… Continue reading Dow slips as Treasury yields, oil prices keep Wall Street cautious

Dominion Energy surges as NextEra acquires company in $66.8B mega deal

Shares of Dominion Energy surged in trading on Monday after utility giant NextEra Energy announced plans to acquire the company in a $66.8 billion deal that would create the largest electric utility operator in the United States. Dominion shares (D) rose about 10% following the announcement, while NextEra Energy stock slipped more than 3.6% as… Continue reading Dominion Energy surges as NextEra acquires company in $66.8B mega deal

Strategy (MSTR) buys another $2B in Bitcoin as holdings top 843,000 BTC

Strategy (previously known as Microstrategy) MSTR, the bitcoin treasury company led by executive chairman Michael Saylor, disclosed Monday that it acquired an additional 24,869 bitcoin for approximately $2.01 billion between May 11 and May 17. According to an 8-K filing with the Securities and Exchange Commission, the company purchased the bitcoin at an average price… Continue reading Strategy (MSTR) buys another $2B in Bitcoin as holdings top 843,000 BTC

Dow futures plunge 370 points: 5 things to know before market opens

US stock index futures fell on Monday as rising Treasury yields and oil prices renewed pressure on equities and revived concern that borrowing costs may stay elevated for longer. Futures tied to the Dow Jones Industrial Average fell 373 points, or 0.8%, while contracts linked to the S&P 500 and Nasdaq-100 slipped 0.4% and 0.3%.… Continue reading Dow futures plunge 370 points: 5 things to know before market opens

Tesla expands robotaxi as Elon Musk predicts AI-led driving future

Elon Musk said on Monday that fully self-driving vehicles operating without human safety monitors are expected to become more common across the United States later this year, following their introduction in Texas. Speaking via video link at the Smart Mobility Summit in Tel Aviv, Musk said self-driving cars were already operating in Texas without safety… Continue reading Tesla expands robotaxi as Elon Musk predicts AI-led driving future

ServiceNow stock flashes a death cross amid rising SaaSpocalypse concerns

ServiceNow stock price has tumbled in the past few months, erasing billions of dollars in value as the market capitalization has dropped from $233 billion to $98 billion. NOW has tumbled amid the rising concerns that artificial intelligence tools will disrupt its business model. So, is it safe to buy the dip or sell the… Continue reading ServiceNow stock flashes a death cross amid rising SaaSpocalypse concerns

Gold price drops as bond yields rise and Goldman Sachs flags key catalyst

Gold price continued its strong downward trend on Monday, reaching its lowest level since March 30th. It was trading at $4,545, down by nearly 20% from its highest point this year. This retreat continued as headwinds rose, even as Goldman Sachs analysts identified a major potential catalyst. Gold price drops as major headwinds emerge Gold… Continue reading Gold price drops as bond yields rise and Goldman Sachs flags key catalyst