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ASOS stock slumps as analysts warn profit gains may not offset sales weakness

British online fashion retailer ASOS warned on Tuesday that annual revenue would come in below market expectations, citing subdued consumer demand and…
Stock

Dow futures tank 150 points amid looming shutdown: 5 things to know before Wall Street opens

Dow futures plunged 150 points on Tuesday, as investors weighed political uncertainty in Washington against lingering concerns over economic growth. With Congress…
Stock

Spotify names Co-CEOs as founder Daniel Ek transitions to Executive Chairman role

Spotify announced on Tuesday that founder Daniel Ek will step down as chief executive officer at the start of 2026, transitioning to…
Stock

Explained: OpenAI’s new parental controls for ChatGPT and what they do

OpenAI has unveiled robust new parental controls for its flagship chatbot, ChatGPT, marking a pivotal move toward protecting teenagers online. The initiative…
Stock

Huawei to double AI chip output in 2026, targeting 1.6 million dies

Huawei Technologies Co. is preparing to step up its production of advanced artificial intelligence chips despite persistent US sanctions and manufacturing hurdles….
Stock

Wells Fargo shares in red as Morgan Stanley downgrade citing limited upside

Wells Fargo shares edged lower in premarket trading Monday after Morgan Stanley analyst Betsy Graseck downgraded the bank to equal weight from…
Stock

Dow futures soar 200 points on Monday: 5 things to know before Wall Street opens

US stock futures showed some gains on Monday, with Dow futures soaring 200 points, as traders tried to shake off last week’s…
Stock

Is this the end of quarterly reporting by public companies?

Public markets run on rhythm, and if the beat changes, prices move differently. That is what is at stake as the administration…
Stock

Lucid stock price is at risk as CEO confirms cash crunch fears

Lucid stock price has recovered this month, moving from a low of $15 to $24, its highest point since August 5. Still,…
Stock

Weekly wrap: TikTok deal, pharma tariffs, crypto crash and Nvidia OpenAI deal

This week was marked by sweeping moves from the White House, sharp turbulence in cryptocurrency markets, and a controversial shift in US…
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