Meta (META) stock dropped after reports emerged of potential 20% workforce cuts aimed at funding the company’s $600 billion AI infrastructure investment.
Browsing: Stocks
Custodia Bank’s Federal Reserve master account appeal rejected 7-3 by appeals court, while Kraken becomes first crypto firm to secure Fed access.
Billionaire Stanley Druckenmiller predicts stablecoins will replace traditional payment systems in 10-15 years as the market cap reaches $300 billion.
Circle’s USYC token has overtaken BlackRock’s BUIDL fund to become the largest tokenized U.S. Treasury product with $2.2B in supply in an $11B market.
Meta (META) stock declined 2% after delaying its Avocado AI model to May 2026. The company is exploring a temporary Google Gemini licensing deal.
Private credit funds are limiting withdrawals as PIK loans double since 2022. BlackRock, Morgan Stanley, and Cliffwater face redemption pressure. What’s next?
Amazon (AMZN) AWS announces partnership with Cerebras to deploy specialized AI chips claiming 25x faster inference than Nvidia GPUs. Stock slips 0.44%.
Target (TGT) stock jumps 6% as CEO Michael Fiddelke slashes prices on 3,000+ items and unveils a $6B turnaround strategy targeting busy families.
Morgan Stanley names Nokia (NOK) a top pick with €8.50 target, citing accelerating AI and cloud infrastructure demand driving optical networking growth.
Zillow (Z) stock rebounds 6% from 52-week low as JPMorgan says concerns are overblown. March 24 AI summit eyed as key catalyst for recovery.
Adobe (ADBE) settles DOJ lawsuit for $150M over hidden cancellation fees. Stock fell 5.62% as company agrees to pay penalties and provide free services.
Block (XYZ) stock dropped 7% to $60 on legal concerns but rebounded to $81 after major restructuring and guidance boost. Analysts remain bullish with targets up to $105.
Micron (MU) stock climbed 5% Friday as top analysts boosted price targets ahead of Q2 earnings, citing unexpectedly strong memory pricing trends.
Boeing (BA) wins $2.43B in U.S. Air Force contract modifications for E-7A Wedgetail aircraft, bringing total program value to $5.01B through 2032.
Apple (AAPL) lowers China App Store fees to 25% from 30% following regulatory talks. Small developers see cuts to 12%. Stock edges up 0.3% premarket.