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Shares of Adobe fell sharply by 8% in premarket trading on Friday after the software company said long-time chief executive Shantanu Narayen would step down, triggering investor concern at a time when the industry is also grappling with rapid changes brought about by artificial intelligence. While the fiscal first quarter results largely beat estimates, the… Continue reading Adobe drops as Narayen exit and AI worries overshadow earnings beat

Global markets opened Friday under pressure as geopolitical tensions in the Middle East continued to shape investor sentiment. Asian equities slid for a second straight week while oil hovered near the key $100 per barrel level amid fears of prolonged supply disruptions. Meanwhile, a temporary US waiver allowing purchases of Russian oil already stranded at… Continue reading Morning Brief: Asian stocks fall; Bitcoin jumps after US oil waiver

The FTSE 250 Index retreated sharply this week, reaching its lowest level since December last year. It dropped to £22,150, down by over 7.2% from its highest point this year, losing millions of pounds in value. The index will be in the spotlight next week as the Bank of England (BoE) interest rate decision on… Continue reading Top FTSE 250 shares to watch: IG Group, Travis Perkins, Trustpilot

Investors in Goliath Ventures have filed a proposed class action in the US District Court for the Northern District of California, accusing JPMorgan Chase of enabling an alleged $328 million crypto Ponzi scheme. The lawsuit claims JPMorgan served as Goliath’s primary bank during the operation, processing deposits and transfers to Coinbase wallets despite multiple warning… Continue reading Why are investors suing JPMorgan over a $328M crypto Ponzi case?

After years of underperformance that left investors questioning the “King of Coffee,” Josh Brown is officially ringing the bell for a Starbucks (NASDAQ: SBUX) comeback. The veteran trader and chief executive of Ritholtz Wealth Management argues that the coffee giant has transitioned from a “fallen angel” into one of the most compelling opportunities in the… Continue reading Why Josh Brown sees Starbucks as ‘best stock in the market’

US stock markets closed firmly in the red on Thursday as the major indices fell to their lowest since November of last year. The investors remained on edge as the US-Iran war continued to weigh on the sentiment, and oil prices continued their upward trajectory. Dow Jones closed 739 points lower at 46,677.67, while the… Continue reading US stocks close deep in red, Dow tumbles 739 points on war jitters

Investors are bailing on Lucid Group (NASDAQ: LCID) this morning as the “ambitious” plans it laid out in its Investor Day presentation failed to alleviate concerns of widening losses and future dilution. However, for high-risk long-term investors, the firm’s announcement of mid-size electric SUV and robotaxi initiatives warrants looking beyond its near-term cash burn and… Continue reading Lucid stock offers three big reasons to warrant a long-term investment

Advanced Micro Devices (NASDAQ: AMD stock) slipped nearly 3% on Thursday as investors looked past an important overseas trip by Chief Executive Lisa Su and focused instead on a more immediate problem. The plunge on Thursday came amid broader market weakness as the oil prices continue to rise and the Iran-US conflict is escalating with… Continue reading Why is AMD stock falling ahead of Lisa Su’s high-stakes Korea trip?

UiPath Inc (NYSE: PATH) opened in the red this morning after the firm’s muted full-year outlook tempered its Q4 beat and announcement of a new $500 million share repurchase programme. To some, the sell-off may look like an overreaction, especially given that the software company posted its first-ever profit on a GAAP basis on March… Continue reading UiPath stock: why sell-off makes sense despite Q4 beat and buyback