Sharplink resumes Ethereum purchases after an eight-month hiatus, acquiring 5,000 ETH for $7.85 million amid a 50% price decline this year. Sharplink (NASDAQ: $SBET) purchased 5,000 Ethereum ($ETH) worth $7.85 million on June 25, marking its first acquisition since October
The firm increased its Micron (MU) target citing long-term supply deals worth $100 billion and strong AI-driven demand. Morgan Stanley raised its price target for Micron Technology (MU) to $1,200 from $1,050, maintaining an "Overweight" rating. The revision reflects growin
Strategy stock hits lowest level since February after Bitcoin's decline triggers $1.1 billion in crypto liquidations. MicroStrategy’s stock fell to $85.33 on June 26, its lowest since February 2024, as Bitcoin’s drop to near $58,000 weighed on crypto-linked equities. The c
Investors weigh AI valuation concerns and OpenAI’s potential IPO delay, capping gains in major indexes. The S&P 500 edged up 0.2% on Friday, paring earlier losses as a selloff in technology stocks offset broader market gains. Concerns over elevated valuations tied to artif
The bid for Thorne, growing at 30 percent annually, marks Unilever’s latest push into the high-margin wellness sector. Unilever is considering a $4 billion offer for Thorne, a U.S. supplements brand, as part of its strategy to expand in the wellness market. The proposed de
Micron’s Q3 revenue jumped 346% and gross margins hit 85%, signaling prolonged memory chip shortages through 2028. Micron reported a 346% year-over-year revenue increase in its third quarter, with earnings per share rising more than tenfold. Gross margins surged to 85%, wh
Shareholders approved three new directors, resolving a proxy fight and easing governance concerns ahead of a CEO transition. Lululemon Athletica Inc (NASDAQ:LULU) shares climbed over 3% following shareholder approval of three management-backed directors at its annual meeti
Rinvoq’s year-over-year sales growth decelerated to 20.2% from 28.6%, contrasting with Skyrizi’s accelerating 29.2% expansion. AbbVie’s Rinvoq posted a 20.2% year-over-year sales increase in the latest quarter, down from 28.6% growth in the prior period. The slowdown contr
Monthly mortgage payments on median-priced homes have doubled to $2,000 since 2019, deterring sales and limiting inventory. U.S. housing market activity has stalled as mortgage rates near 6.5% erase affordability gains from a brief February dip below 6%. Monthly carrying c
Shares of crude oil tanker operator DHT hold near buying support following a temporary US-Iran agreement reducing Strait of Hormuz risks. DHT Holdings Inc (DHT) is testing key support levels as energy markets stabilize after the US and Iran reached an interim peace agreeme
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