Steel Dynamics lowered Q2 earnings guidance to $3.51-$3.55 per share, missing estimates due to a $16M writedown. Steel Dynamics (STLD) revised its Q2 earnings guidance downward, citing a $16M asset writedown that reduced estimated earnings. The company now expects earnings
Bitzero secures over 1 GW of low-cost electricity amid growing industry concerns over AI-driven energy shortages. Bitzero, a NASDAQ-listed firm, has secured more than one gigawatt of low-cost power across Norway, Finland, and North Dakota. The move anticipates a looming en
SPCX stock shifts into post-IPO exhaustion SPCX has lost its bullish momentum, with sellers using the $208-$214 area aggressively. The stock is now testing lower value around $193.50-$196.50. Key resistance zones are $198.50-$202.60 and $208.50-$214.50, whi
U.S. equities fell after the Federal Reserve maintained interest rates, reinforcing investor concerns over prolonged tight monetary policy. U.S. stocks closed lower Wednesday as the Federal Reserve kept interest rates unchanged, aligning with market expectations. The S&P 5
S&P 500 falls 1.2% after Fed decision The Federal Reserve left interest rates unchanged, a decision that was broadly anticipated by investors. The benchmark S&P 500 fell 1.2%, while the Nasdaq Composite declined. This decision was made after Wall Street's major a
Tokenized equities market surges nearly fivefold year-over-year, driven by crypto platforms offering onchain access to traditional assets. Blockchain.com has broadened its tokenized stock offerings, capitalizing on a market now valued at $1.57 billion. The move follows a r
Major US indices edge lower while short-term Treasury yields rise sharply, signaling reduced rate-cut expectations. US equities traded modestly lower as investors awaited Federal Reserve commentary, with the Dow Jones down 0.17% and the S&P 500 off 0.54%. The NASDAQ declin
Diageo initiates restructuring with job cuts and cost reductions to improve profitability amid declining U.S. alcohol sales. Diageo’s new CEO, Dave Lewis, is executing deep cost cuts and restructuring measures to bolster profitability as U.S. sales weaken. The moves mirror
Jabil expects AI-driven revenue growth to sustain into FY 2027, supporting operating margins above 6%. Jabil Inc. projected its core operating margin will exceed 6% in fiscal year 2027, driven by continued growth in AI-related revenue. The company cited strong demand and e
Edge AI demand and earnings strength drive upgrades for Sandisk and IBM, while Micron faces downgrades due to oversupply concerns. Analysts upgraded Sandisk (SNDK) and IBM (IBM) citing strong demand for edge AI and consistent earnings performance. Sandisk is expected to be
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