Paul Tudor Jones says AI bull market has ‘another year or two to run’
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Whirlpool says Iran war causing ‘recession-level industry decline.’ The shares are down 20%
“War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March,” the company said.
Stocks making the biggest moves premarket: Whirlpool, Shake Shack, McDonald’s, Arm Holdings & more
These are the stocks posting the largest moves in the premarket.
Peloton beats estimates on revenue as higher subscription prices offer a boost
Peloton CEO Peter Stern told CNBC that the company believes raising prices on its subscriptions was a value-driven move.
This aluminum producer is on fire. Why Wells Fargo sees the stock rising even more
Analyst Timna Tanners upgraded the aluminum miner and smelter to overweight from equal weight.
McDonald’s earnings top estimates despite ‘challenging environment’
Shares of McDonald’s have fallen 10% over the last year, hurt by concerns about the broader economy.
Anthropic CEO says 80-fold growth in first quarter explains ‘difficulties with compute’
At Anthropic’s developer conference in San Francisco, CEO Dario Amodei said the company is ‘working as quickly as possible’ to provide additional compute.
EU weighs restricting use of U.S. cloud platforms to process sensitive government data, sources tell CNBC
There have been increasing calls within Europe for the region’s most critical workloads to diversify away from dominant U.S. cloud providers.
Oil prices fall below $100 as U.S.-Iran tensions keep traders focused on Strait of Hormuz risks
Oil prices fell Thursday, as investors continue to assess the latest developments in the Middle East amid concerns over renewed tensions between Iran and the U.S.
Japan may have fired its yen bazooka twice, but markets are testing Tokyo’s resolve
Japan’s Ministry of Finance has intervened in the yen over the country’s Golden Week holiday.