Why Alphabet’s stock could see its worst drop in years after the latest results
A doubling of cloud revenue wasn’t enough to appease Wall Street as investors grew more concerned that AI is hurting the company’s ability to make money off…
Fortinet’s stock is taking a dive after earnings. Here’s why.
Cybersecurity stocks are broadly falling as growth slows significantly in one of Fortinet’s business segments. Source：MarketWatch
Lumentum’s stock pops as investors cheer a possible sale to Marvell
An agreement between the companies could come next week, Bloomberg reported Source：MarketWatch
Canadian ‘crypto king’ case to go to jury as criminal trial winds down
Aiden Pleterski, facing fraud charges in Canada over his alleged role in a digital asset Ponzi scheme, said that he was innocent at closing.…
Bitcoin-backed mortgages are coming to Canada, but borrowers are still unaware of the cost
Prospective borrowers face collateral liquidation risks if bitcoin prices drop, though APX said property and crypto collateral will be handled distinctly.…
Chipotle expects modestly higher sales this year as drive-thru ‘Chipotlanes’ come to more stores
The fastcasual chain says menuprice increases helped results. It also noted rising beef costs and “higher protein usage” as people try to find ways to pack…
ServiceNow’s stock slides as earnings miss clouds a raised AI outlook
Even with an uptick in multimilliondollar AI deals, ServiceNow’s earnings results weren’t enough to win over software skeptics Source：MarketWatch
U.S. oil-refinery stocks are up roughly 150% this year. How long could this historic run last?
Analyst predicts the ‘mother of all maintenance seasons’ for refineries that have been running at high capacity Source：MarketWatch
The cost of money itself is on the ballot as voters struggle with pricey car loans, mortgages and credit-card debt
Interest rates aren’t expected to decline anytime soon, as the Federal Reserve holds steady on Wednesday. Source：MarketWatch
Why did the Fed hold off on raising interest rates? Warsh says it’s because an ‘information rich’ period is coming.
Federal Reserve Chairman Kevin Warsh addressed why the central bank didn’t raise interest rates on Wednesday. Source：MarketWatch
Here’s what just sent Oracle’s stock soaring
The company’s new financial targets paint a rosier picture of its AI economics than investors had feared. Source：MarketWatch
Sam Bankman-Fried wrote to actor portraying him in Netflix series
The former FTX CEO remains incarcerated as Irish actor Anthony Boyle portrays him in a series about the downfall of the crypto exchange and his relationship…