Rivian stock sinks as dilution fears take center stage

Rivian Automotive Inc (RIVN) is sliding on Tuesday morning after the electric vehicle (EV) maker announced a sizable public offering of about 75 million shares. As sudden dilution fears take center stage, RIVN is reversing much of its recent gains from a stellar quarterly delivery report, reminding investors that its expansion plans remain rather expensive.… Continue reading Rivian stock sinks as dilution fears take center stage

Samsung’s earnings send a warning ahead of Big Tech results: brace for volatility

Samsung Electronics delivered blockbuster quarterly earnings, but its sharp share-price decline may have offered investors a more important message than the results themselves: in a market driven by artificial intelligence, strong numbers are no longer enough. The South Korean technology giant reported a near 20-fold increase in second-quarter operating profit and roughly doubled revenue from… Continue reading Samsung’s earnings send a warning ahead of Big Tech results: brace for volatility

KuCoin partners with UAE Team Emirates–XRG ahead of 2026 Tour de France

KuCoin, a cryptocurrency exchange, has announced a partnership with UAE Team Emirates–XRG, a professional cycling team. The partnership will make its public debut at the 2026 Tour de France, with KuCoin branding displayed on the team’s buses, support vehicles, and fleet cars throughout the three-week race. Under the agreement, KuCoin will become the team’s exclusive… Continue reading KuCoin partners with UAE Team Emirates–XRG ahead of 2026 Tour de France

SanDisk stock drops as Samsung-led chip selloff hits memory sector

Shares of SanDisk Inc. (SNDK) fell sharply in trading on Tuesday as a broad selloff in memory-chip stocks spread from South Korea to US markets despite strong preliminary earnings from Samsung Electronics. SanDisk shares declined 8% after falling 23% over the previous three trading sessions. The stock has been one of the strongest performers in… Continue reading SanDisk stock drops as Samsung-led chip selloff hits memory sector

Dow gains 160 points as chip selloff drags Nasdaq ahead of earnings season

Dow Jones opened higher on Tuesday even as the Nasdaq came under pressure from another broad selloff in semiconductor stocks, highlighting a divergence in US equity markets ahead of the second-quarter earnings season. The Dow Jones Industrial Average gained about 160 points, or 0.3%, while the Nasdaq Composite fell around 0.7%. The S&P 500 slipped… Continue reading Dow gains 160 points as chip selloff drags Nasdaq ahead of earnings season

Crinetics stocks surge after Vertex agrees to $10B cash buyout

Crinetics Pharmaceuticals shares surged after Vertex Pharmaceuticals announced an agreement to acquire the endocrinology-focused biotech companyin a deal valued at approximately $10 billion. The all-cash transaction values Crinetics at $85 per share and is expected to close during the current quarter, subject to customary conditions. The acquisition sparked a sharp rally in CRNX stock. CRNX… Continue reading Crinetics stocks surge after Vertex agrees to $10B cash buyout

Fiserv stock rises 6% as top US banks reportedly consider buying its card network

Shares of Fiserv climbed more than 6% in premarket trading on Tuesday after a report said several of the largest US banks had explored acquiring one of the fintech company’s debit-card networks, highlighting the growing strategic importance of payments infrastructure as banks compete with fintech firms and crypto players. According to The Wall Street Journal,… Continue reading Fiserv stock rises 6% as top US banks reportedly consider buying its card network

Bank of England warns AI could amplify market and cyber risks

The Bank of England has warned that artificial intelligence is emerging as a growing threat to financial stability, citing heightened market expectations, rising leverage and increasing cyber risks linked to the technology. In its half-yearly assessment of risks to Britain’s financial system, released on Tuesday, the central bank said earlier concerns over elevated share price… Continue reading Bank of England warns AI could amplify market and cyber risks

Kospi tumbles as Asian markets ask if Samsung’s AI boom is priced in

Asia’s chip rally finally met a stronger earnings number it could not celebrate. Samsung Electronics delivered a forecast that would normally electrify the market, pointing to another record quarter as AI demand keeps memory supply tight. Yet regional equities fell on Tuesday, a sign that investors are no longer rewarding the sector simply for beating… Continue reading Kospi tumbles as Asian markets ask if Samsung’s AI boom is priced in