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Shares of RTX Corp. rose on Thursday after Jefferies upgraded the aerospace and defense company to Buy from Hold and raised its price target to $220 from $210. The Wall Street firm cited improving profit margins, growth opportunities in the commercial aerospace engine aftermarket, and the strength of RTX’s defense business as key drivers behind… Continue reading RTX stock rises 4% after Jefferies upgrade, lifts target to $220

Trafigura Group delivered a strong financial performance in the first half of its 2026 financial year, posting a net profit of $4.1 billion despite challenging global conditions marked by geopolitical tensions and supply chain disruptions. The Singapore-headquartered commodities trader announced its half-year results on 4 June 2026, showcasing broad-based contributions across its major divisions.  Strong… Continue reading Trafigura delivers record half-year profit, dividend amid global tensions

Technology stocks came under heavy pressure on Thursday after Broadcom’s latest outlook failed to satisfy investors who had been betting on an even faster acceleration in artificial intelligence-related demand. Broadcom shares slumped 15%, putting the semiconductor giant on track to become the worst-performing stock in the S&P 500. The decline quickly spread across the broader… Continue reading Broadcom rout hits Micron, AMD, others: AI demand, memory-chip cycle under focus

Nvidia (NVDA) shares edged lower on Thursday but held up considerably better than many semiconductor peers as investors digested a sharp sector-wide selloff triggered by Broadcom’s earnings report. Nvidia stock fell 0.8% to $214.75 in early trading. While the stock remained under pressure, the decline was modest compared with losses elsewhere in the semiconductor sector.… Continue reading Why Nvidia stock is outperforming AI peers today

US stocks opened lower on Thursday as a sharp selloff in semiconductor shares following Broadcom’s quarterly results weighed on investor sentiment. Markets were also closely watching rising geopolitical tensions in the Middle East and the release of fresh US economic data. The S&P 500 fell about 0.28%, while the Nasdaq Composite dropped roughly 1%. The… Continue reading Dow jumps 500 points as Broadcom selloff drags Nasdaq lower

Top space stocks are in a freefall this week, with Virgin Galactic (NYSE: SPCE) falling to $4.25, its lowest level since May 28. It has slumped by over 53% from its highest point last week.  Intuitive Machines (LUNR) stock has dropped by 30% from its highest point last week, while Rocket Lab (RKLB) has fallen… Continue reading Here’s why Intuitive Machines, Virgin Galactic, Rocket Lab stocks are falling

The UK’s benchmark FTSE 100 index fell to its lowest level in more than two weeks on Thursday, weighed down by sharp declines in Asia-focused lenders and miners after reports of tighter offshore banking restrictions in China. Lower crude oil prices also dragged energy stocks lower, adding to the market’s weakness. By 1144 GMT, the… Continue reading FTSE 100 drops amid China banking concerns and falling oil prices

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