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Papa Murphy’s is preparing for a sizeable retreat after parent company MTY Food Group identified dozens of loss-making US restaurants for closure. MTY plans to shut 68 corporate-owned locations across its portfolio, including roughly 45 to 50 Papa Murphy’s stores. The process will take six to nine months, with most closures expected during the fiscal… Continue reading Is Papa Murphy’s in trouble as up to 50 pizza stores face closure?

Wall Street is beginning to factor SpaceX’s growing telecom ambitions into its outlook for the US communications sector. Research firm Bernstein on Monday lowered price targets for five major telecom companies, citing valuation risks tied to SpaceX’s Starlink business as investors increasingly assess the satellite operator’s long-term competitive threat. The brokerage reduced its target on… Continue reading SpaceX’s Starlink threat causes Bernstein to cut Verizon, AT&T, Comcast PTs

US stocks face a potentially volatile session on Tuesday as investors digest bank earnings before the June consumer price index lands at 8:30 AM ET. Economists expect annual inflation to ease to 3.8% from 4.2% in May, helped by the earlier retreat in gasoline prices. Core inflation is forecast to rise 2.8% annually and 0.2%… Continue reading June CPI due today: 3 stocks that could make explosive moves

Asian stocks fell on Tuesday as a fresh escalation in the US-Iran conflict pushed oil to a one-month high and revived fears that an energy shock could force central banks to keep borrowing costs elevated. MSCI’s broadest gauge of Asia-Pacific shares outside Japan dropped 1.7%, while Taiwan’s benchmark slid to a one-month low and South… Continue reading Nikkei 225 crashes as oil shock and war fears rip through Asia

SanDisk stock (NASDAQ: SNDK) suffered another bruising session on Monday, dropping 12.6% to $1,673.97 as investors rushed out of memory and semiconductor stocks. The decline continued after the close, with the stock slipping a further 2.4% by late trading. The contrast is striking as SanDisk has fallen almost 29% from its late-June record and endured… Continue reading SanDisk stock keeps plunging, so why are analysts raising price targets?

US stocks closed lower on Monday as escalating tensions between the United States and Iran triggered a sharp rise in oil prices and renewed concerns over inflation, while a broad sell-off in semiconductor stocks added to pressure ahead of a busy week of corporate earnings and economic data. The Dow Jones Industrial Average fell 138… Continue reading Dow falls 138 points as Iran tensions hit chip stocks, lift oil prices

President Donald Trump announced the reinstatement of a US blockade on Iranian shipping and proposed a 20% charge on cargo transiting the Strait of Hormuz. Oil prices surged as markets assessed renewed risks to global energy supplies, while gold fell on expectations that higher energy costs could keep US interest rates elevated. Meanwhile, SpaceX shares… Continue reading Evening digest: Trump’s Hormuz toll plan lifts oil as SpaceX stock slides

Nvidia (NVDA) stock declined on Monday, even as fresh announcements on artificial intelligence infrastructure spending reinforced expectations of continued demand for the chipmaker’s products. Shares of Nvidia were down 3.2% at $204.12 in trading. The decline broadly tracked weakness in the wider market, with the Nasdaq Composite falling 1.4%. However, Nvidia outperformed the broader semiconductor… Continue reading Nvidia stock slips 3%: why are analysts still bullish?