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Applied Materials shares sink on light forecast

The Applied Materials logo on Dec. 17, 2024. Nurphoto | Nurphoto | Getty Images Applied Materials shares sank more than 10% in extended trading Thursday as the semiconductor equipment company provided outlook for the current quarter that came in light. Here’s how Applied Materials did in its third-quarter earnings results versus LSEG consensus estimates: EPS: … Read more

WPP shares sink 15% as ad agency cuts profit forecast

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. WPP has slashed its forecast for revenues and profits this year, sending shares in one of the world’s biggest advertising agencies down 15 per cent on Wednesday. The group said that like-for-like revenue in 2025 … Read more

Tesla shares sink after Elon Musk says he will launch new US political party

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Tesla shares tumbled after the electric-car maker’s chief executive Elon Musk said he would form a new political party, escalating a feud with US President Donald Trump that could imperil the billionaire’s business … Read more

Shares in Labubu owner Pop Mart sink after state media warns against ‘blind boxes’

Surprise commentary from a Chinese state-owned media outlet helped to send shares of Pop Mart, the toy store behind the buzzy Labubu dolls, down by 3.6% in Hong Kong trading Friday.  People’s Daily, a state media outlet, published an article on Friday criticizing the practice of selling “blind boxes,” a practice in which chains sell … Read more

Stocks sink amid instability in the Middle East, Fed decision

Stocks fell on Tuesday as Trump signaled that the U.S. could enter the war between Israel and Iran. Tariffs aren’t the only bearish signal on investors’ minds. Now they have to worry about a brewing war in the Middle East as well. The S&P 500 dropped 0.84% on Tuesday as reports emerged that President Trump … Read more

Bitcoin and broader crypto market sink as Israel launches airstrikes against Iran

Bitcoin and the rest of the crypto market tumbled on Friday morning after Israel launched a series of airstrikes against Iran, marking a major escalation in the ongoing conflict in the Middle East.  Bitcoin is down 2% in the last 24 hours, according to Binance, falling from $107,000 to a low of $103,000 before rebounding … Read more

Zhao dark pool DEX could sink HyperLiquid, says top trader

A brewing battle in the decentralized exchange world may be taking shape, as prominent trader James Wynn warns that Binance founder Changpeng Zhao’s proposed dark pool perpetuals DEX could upend HyperLiquid’s edge. Wynn, who has criticized HyperLiquid’s referral program and compensation model, argues that Zhao’s superior resources, execution history, and focus on solving MEV-related transparency … Read more

Chip software stocks sink on report Trump ordered halt to China sales

The Synopsys headquarters in Mountain View, California, on April 13, 2022. David Paul Morris | Bloomberg | Getty Images Shares of chip design software makers Cadence and Synopsys tumbled in Wednesday trading after the Financial Times reported that the White House told them to stop selling to clients in China. Cadence stock declined nearly 11%, … Read more

Moderna’s Super-Vaccine for Flu and Covid Works—Now Politics Could Sink It

Moderna’s mRNA-based flu and covid-19 vaccine could provide the best of both worlds—if it’s actually ever approved by the Food and Drug Administration. This week, scientists at Moderna published data from a Phase III trial testing the company’s combination vaccine, codenamed mRNA-1083. Individuals given mRNA-1083 appeared to generate the same or even greater immune response … Read more

Alphabet shares sink on report Apple may add AI search to its browser

Eddy Cue, senior vice president of internet software and services at Apple Inc., speaks during a keynote session at the South By Southwest (SXSW) conference in Austin, Texas, U.S., on Monday, March 12, 2018. David Paul Morris | Bloomberg | Getty Images Alphabet and Apple shares sank Wednesday after Eddy Cue, Apple’s services chief, said … Read more

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