Nasdaq declines on sharp drop in tech stocks The technology-heavy Nasdaq Composite closed in the red on Friday. The decline was led by the semiconductor sector and the debut of Moonshot AI's Kimi-K3. This weighed on investor sentiment, causing US equities t
Independent Bank targets Q4 2026 return on assets of 1.4% Independent Bank Corp. has set targets for Q4 2026, including a return on assets of 1.4% and a net interest margin of 3.9%-3.95%. The bank's management cited solid deposit growth, strong C&I loan growth, and co
Autoliv reaffirms its Q2 2026 adjusted operating margin outlook of 10.5%-11% while targeting $40M in annual pretax savings. Autoliv maintained its 2026 adjusted operating margin forecast of 10.5%-11% during its Q2 2026 earnings call, citing strong sales and record adjusted
Tesla earnings and Farnborough Air Show may impact stock prices Next week's key events include the Farnborough Air Show and Tesla earnings. The ECB policy statement and WTI crude futures expiry may also influence market sentiment. Stocks like Sandisk and We
ASTS up 7.8% after upgrade to Buy AST SpaceMobile shares rose 7.8% in Friday's trading. The company was upgraded to Buy from Neutral with an $85 price target. The upgrade comes after the shares slumped 44% in the past six months.
AXP stock falls 1.7% after six-session gain American Express shares ended a six-session winning streak on Friday, falling 1.7% to $355.37. The stock had gained over 4% in the preceding six sessions. So far this year, the stock has fallen, although the exact decli
The Dow Jones Industrial Average surrendered early gains after a Fed official reinforced hawkish policy signals ahead of the July meeting. The Dow Jones Industrial Average reversed a 600-point intraday rally to trade near 52,250, down nearly 300 points, as hawkish Fed comm
The bank reported Q2 earnings of $549 million and targets a 3.7% net interest margin exit rate for the quarter. Regions Financial Corporation reported second-quarter earnings of $549 million, or $0.64 per share, aligning with adjusted figures of $583 million and $0.68 per
Moonshot AI's Kimi K3 release sparks a sell-off in chip stocks, wiping billions in market value amid fears of reduced U.S. AI spending. Moonshot AI unveiled Kimi K3, a 2.8-trillion-parameter open-weight model, triggering a broad decline in semiconductor and AI stocks. The
CFG exits USD 100M+ in credit facilities for two private prison firms following sustained activist campaigns and shifting business conditions. Citizens Financial Group is terminating credit facilities for CoreCivic and The GEO Group, two major private prison operators, cit
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