UnitedHealth Group raised its full-year profit forecast on Thursday. The company reported second-quarter earnings that beat Wall Street expectations. The strong results suggest its turnaround efforts are gaining momentum. However, elevated medical costs continue to pressure the broader health insurance industry. Shares of the company rose more than 6% in premarket trading after the largest
Advanced Micro Devices stock (NASDAQ: AMD) was heading for a second straight decline on Thursday despite bullish Wall Street research. AMD fell about 3.2% to $513 in premarket trading after dropping 3.5% on Wednesday, putting the stock on course for a two-session fall of about 6%. The weakness reflected a wider retreat from semiconductor stocks
GE Aerospace stock fell more than 4% in premarket trading even after the company reported strong quarterly earnings. The shares dropped to $344.70, leaving them about 10% below their highest level of the year. So, is this post-earnings sell-off likely to deepen, or does it present a buying opportunity ahead of a rebound? GE Aerospace
Dell Technologies stock has moved sideways since May, when it peaked at a record high of $469.60. It retreated to $412 as investors remained jittery about the AI sector and its hefty valuation metrics. Still, despite the pullback, it remains 274% above its lowest point this year. Dell stock has benefited from the AI boom
London’s FTSE 100 traded lower on Thursday as escalating tensions between the United States and Iran weighed on investor sentiment, while losses in technology stocks added further pressure to the blue-chip index. The FTSE 100 declined 0.2% to 10,492.99 points by 1038 GMT as investors adopted a cautious approach amid rising geopolitical uncertainty. Iran tensions
On Monday, the US government transferred approximately $297 million in seized Bitcoin and Ether to Coinbase Prime, a move it occasionally makes. This prompts the same two questions each time: is this merely for safekeeping, or is it a prelude to a sale, and will the government uphold its 16-month-old pledge not to sell confiscated
SpaceX has become one of Wall Street’s biggest targets for short sellers just weeks after completing the largest initial public offering in history, as investors increasingly bet that the Elon Musk-led company’s blockbuster valuation could come under pressure. The stock briefly slipped below its $135 IPO price on Wednesday before recovering to close at $135.27,
Salesforce stock has plunged by more than 50% from its December 2024 peak as concerns about its growth outlook have intensified. Its market capitalization has fallen from more than $347 billion to about $136 billion, and the selloff could continue as investors remain concerned about the company’s strategy and long-term growth prospects. Salesforce stock has
Binance Coin (BNB) is back in focus after a series of developments strengthened interest in the Binance ecosystem while technical indicators pointed to a possible trend reversal. At the time of writing, BNB was trading at $577.34, leaving it within striking distance of the next major technical hurdle. Bullish chart pattern puts $647 in focus
IBM stock suffered its worst one-day decline on record after the technology group admitted that customers were moving money away from its products and towards urgently needed data-centre infrastructure. The stock plunged 25.2% to $217.07 on Tuesday, leaving it just above its 52-week low, after preliminary second-quarter revenue and profit missed Wall Street forecasts. Yet