Can Micron stock really move 11% after earnings as options heat up?

Micron stock (NASDAQ: MU) reports fiscal third-quarter earnings after the US market close on Wednesday, and the options market has already marked the event as a potential shock. The stock has been one of the biggest AI winners of the year, with gains of more than 800% over the past 12 months and a market… Continue reading Can Micron stock really move 11% after earnings as options heat up?

FedEx stock sinks 7% as margin hit overshadows earnings beat after freight spinoff

FedEx shares fell more than 7% in premarket trading on Wednesday as investors looked past better-than-expected quarterly earnings and focused on shrinking margins at the company’s core delivery business and the uncertainties created by its recent freight spinoff. The delivery giant recently separated its highly profitable trucking unit, FedEx Freight, as part of a strategy… Continue reading FedEx stock sinks 7% as margin hit overshadows earnings beat after freight spinoff

Wall Street futures mixed today: 5 things to know before the market opens

US stock futures found a tentative bid on Wednesday, but the rebound looked more like a pause than a reset. After two sessions of selling, investors moved back into parts of the technology complex, helped by gains in memory-chip names before Micron Technology’s results. The mood was still cautious as the Nasdaq 100 had just… Continue reading Wall Street futures mixed today: 5 things to know before the market opens

FTSE 250 edges up as Segro rally lifts UK property stocks

London’s domestically focused FTSE 250 index rose on Wednesday, supported by a sharp rally in real estate stocks after Segro rejected a $16.6 billion takeover approach from US-based Prologis. The midcap FTSE 250 edged up 0.1% by 0755 GMT, while the blue-chip FTSE 100 was flat. Real estate shares led the gains. The FTSE 350… Continue reading FTSE 250 edges up as Segro rally lifts UK property stocks

ByteDance weighs biggest-ever offshore borrowing to support AI expansion

ByteDance, the Chinese technology company behind TikTok, is in preliminary talks with banks for what could be its largest offshore loan to date, Bloomberg News reported on Wednesday. The company is seeking a new-money facility of about $20 billion, with a proposed tenor of three years and an option to extend it by up to… Continue reading ByteDance weighs biggest-ever offshore borrowing to support AI expansion

STOXX 600 opens flat as investors weigh US-Iran talks and ECB outlook

European shares were muted at the open on Wednesday as investors assessed developments in US-Iran negotiations, monitored the outlook for central bank policy, and reacted to sector-specific moves across the region. The pan-European STOXX 600 edged 0.02% lower to 634.50 points by 0715 GMT. The benchmark reflected a cautious start to the day, with weakness… Continue reading STOXX 600 opens flat as investors weigh US-Iran talks and ECB outlook

Nikkei 225 stumbles as Asian markets count the cost of AI trade reversal

Asian markets tried to find their footing on Wednesday, but the calm looked fragile after a sharp unwind in the global AI trade reminded investors how quickly this year’s winners can turn into sources of stress. The selling was not broad panic. It was more selective than that. Traders cut exposure to technology, semiconductors and… Continue reading Nikkei 225 stumbles as Asian markets count the cost of AI trade reversal

Dow slips 45 points as tech sell-off deepens on AI and chip stock weakness

US stocks fell on Tuesday as a technology-led sell-off extended into a second session, with semiconductor and artificial intelligence-related shares leading losses amid global market weakness. The S&P 500 declined 1.43%, while the Nasdaq Composite dropped 2.21%. The Dow Jones Industrial Average ended slightly below the flatline, down by 45 points after earlier intraday weakness.… Continue reading Dow slips 45 points as tech sell-off deepens on AI and chip stock weakness

Strategy (MSTR) stock slumps as Bitcoin bet and preferred shares under pressure

Shares of Strategy (previously known as Microstrategy), the bitcoin-accumulation firm founded by Michael Saylor, fell sharply on Tuesday and were on track for their lowest close in more than two years. MSTR stock dropped 4.8% in afternoon trading and is now down more than 30% this year, reflecting renewed pressure across both its equity and… Continue reading Strategy (MSTR) stock slumps as Bitcoin bet and preferred shares under pressure