Market news archive — page 9

Shares of Alnylam Pharmaceuticals retreat following AstraZeneca's disclosure of disappointing full trial results for a cardiovascular silencer drug candidate, sparking market concern over the asset.

Regulatory clearance for the cancer treatment arrives one month post-filing, triggering a fivefold equity rally and $11.5 billion peak sales estimates.

US dollar stabilizes near a one-week peak while gold consolidates around $4,600 per ounce ahead of Federal Reserve Chair Kevin Warsh’s address at the Jackson Hole Economic Symposium.

Premarket trading shows Gap jumping 13% and PayPal dropping sharply after a buyout deal fell apart, while Affirm and Marvell also post major moves.

Motor vehicle maker Lucid initiates a safety recall covering over 27,000 Air sedans after regulators flag a potential fire hazard tied to the interior lighting circuit.

Fast-food operator McDonald's has confirmed the restoration of a viral chicken menu item, scheduling its relaunch for September 1 following a two-year absence from the permanent lineup.

Marvell Technology stock fell after investor focus shifted to the timing of revenue from a Google AI partnership, causing unmet expectations to outweigh the company's otherwise strong financial performance.

The Trump administration has deployed a U.S. Navy blockade to slash Iranian oil exports and escalate economic warfare, following unsuccessful July airstrikes aimed at ending Tehran's claims over Hormuz.

Elastic updated its fiscal 2027 outlook, targeting revenue of $1.998B–$2.010B and raising non-GAAP EPS guidance. Fresh projections triggered immediate buying pressure, lifting the stock sharply.

A federal judge ruled that the Trump administration illegally placed Anthropic on a restricted supply chain list, violating First Amendment rights and issuing an immediate permanent injunction.

Marvell Technology stock dropped 8% in premarket trading after its fiscal 2028 outlook failed to meet investor expectations, overshadowing second-quarter revenue that beat estimates and registered strong growth.

Air New Zealand Ltd. declared a net loss for fiscal 2026, marking its worst annual result since 2023 as elevated fuel prices linked to Middle East tensions and engine availability constraints offset growth in traffic and capacity.

Equity markets saw concentrated volatility on Friday as PYPL and MRVL led regular-session movers, while after-hours activity expanded the list to include WDAY, ADSK, S, RBRK, ULTA, and GAP.

The Eurozone's Economic Sentiment Indicator climbed to 98.4 in August, surpassing forecasts of 97.5 and marking an upward revision to the prior month, while industrial confidence and employment expectations also posted gains.

Asian equities closed with divergent results on Friday, buoyed by a significant boost from Nvidia, while investors weighed risks from Middle East tensions and waited for cues from upcoming economic forums.

Amazon confirms a power purchase agreement in Germany and announces four new wind energy project investments in Sweden to support data center operations.

Google has revised its spam regulations in the European Union to mitigate regulatory risks and prevent the imposition of antitrust fines in the region.

Taiwan's weighted index posted a 0.72% advance to close above the 45,975 mark, marking a third consecutive session of gains that have lifted the benchmark by over 2.6% amid ongoing strength in technology equities.

France's preliminary consumer price index rose to a 2.4% year-over-year rate in August, up from 2.1%, aligning precisely with market expectations.

Anthropic is reportedly evaluating a strategic partnership with MatX, pivoting from previously halted acquisition negotiations valued at $7 billion that were initially driven by goals to enhance the company's chip development capabilities.

The cybersecurity firm posted second-quarter results that surpassed analyst expectations, triggering a notable increase in its share price following the earnings release.

A consortium involving Stripe and Advent has abandoned its $50 billion acquisition attempt for PayPal, halting negotiations and concluding the targeted buyout effort.

The crypto sector records broad gains as Bitcoin consolidates near $80,000 and Solana breaks above $100, supported by nine million dollars in fresh ETF allocations ahead of key macroeconomic commentary.

BitGo has purchased NYDIG's institutional trading division, absorbing roughly 30 employees and existing client relationships to strengthen its derivatives capabilities amid signs of a cryptocurrency market recovery.

Global stocks pull back as traders await Federal Reserve Chairman Kevin Warsh’s Friday keynote, with forex and bond markets holding steady ahead of expected policy guidance.

OpenAI has launched advertisements within ChatGPT subscriptions in India across free and low-cost tiers to enhance revenue generation, while simultaneously signaling an operational expansion into the Brazilian market.

Conavi Medical Corp. reported a third-quarter net loss of C$6.33 million, with market identifiers reflecting an expansion in the deficit compared to prior periods as the firm completes its quarterly earnings release.

Federal Reserve Bank of Boston President Susan Collins has pushed back against arguments for an immediate interest rate increase, characterizing recent inflation data as mixed and aligned with a trend of gradual disinflation while maintaining that the current policy stance remains slightly restrictive.

Tokyo inflation recorded a rise in August across headline and core gauges, bolstering prospects that the Bank of Japan will enact a policy rate shift during its scheduled meeting mid-month.

Iran conditions Strait of Hormuz reopening on ending the Gaza conflict, Israeli withdrawal from Lebanon, and halting attacks on Syria, as reports emerge that President Trump has rejected returning to a June deal.

Sierra Madre Gold and Silver Ltd. released second-quarter earnings data revealing total revenue of $8.23 million and GAAP earnings per share of $0.00.

Marvell Technology lifted its fiscal 2028 revenue forecast to $18 billion, citing greater than 60% growth in its data center segment, but the stock failed to rise after July-quarter results offered little upside to estimates.

A federal judge has ruled the Defense Department's attempt to blacklist Anthropic unlawful, highlighting unresolved supply chain dependency concerns in defense AI procurement.

Workday surpassed second-quarter revenue and earnings forecasts with $2.65 billion in sales, while announcing fiscal 2028 guidance that anticipates approximately 11% subscription revenue growth and a minimum two-point non-GAAP margin expansion.

Rubrik boosted its fiscal 2027 subscription ARR projection to $1.88 billion–$1.885 billion and guided for free cash flow of $323 million–$333 million, though shares sold off sharply during the session.

LifeVantage revealed a capital expenditure forecast of $3 million to $3.5 million for fiscal year 2027 while withholding broader financial guidance due to an ongoing chief executive officer transition, triggering a decline in the company's equity price.

The aerospace manufacturer has entered a $131 billion contract potentially funded by taxpayers, coinciding with an $880 million U.S. Navy award and related equity purchases.

President Trump's family cryptocurrency banking venture secures preliminary federal approval as the UAE's national security advisor assumes a 49 percent ownership stake in the project.

Wheat futures surge to three-year peaks and Euronext contracts reach one-month highs, driven by intensifying concerns over the stability of grain shipments from the Black Sea region amid the ongoing Russia-Ukraine conflict.

Energean is negotiating exclusively to purchase a portfolio of oil and gas assets in Egypt from BP, a transaction with an estimated value of approximately $1 billion.

SentinelOne reported a wider second-quarter net loss while second-quarter revenue rose to $291.98 million from $242.18 million a year earlier, prompting shares to slip during after-hours trading.

Equity shares advance significantly following the joint abandonment of the planned corporate combination and the introduction of a newly announced share repurchase program.

US regulators authorize seasonal coronavirus immunizations alongside a simplified daily antiretroviral option from Gilead Sciences.

Boeing has restored profitability and driven revenue growth while stabilizing global production, prompting market analysis that contrasts the manufacturer's recovery with emerging opportunities presented by Joby Aviation.

JetBlue Airlines announces significant board changes as activist investor Carl Icahn reclaims his seats while directors Lynn and Miller step down from their roles.

RTX has been awarded a $240.75 million contract modification by the Department of Defense to fund support work for the F135 engine powering the F-35 aircraft.

The retailer reports GAAP earnings of $6.55 and revenue of $3.03 billion, both exceeding consensus figures, prompting an upward revision to annual guidance.

Hyperliquid Strategies Inc. released first-half results updating its HYPE digital asset treasury to $1.9 billion, disclosing a $773.4 million deployment acquiring 16.5 million tokens at $46.77 apiece, while shares of PURR climbed 15%.

Bank of Montreal upgraded First Solar to Outperform, stating the recent decline linked to Section 232 measures was excessive, driving a rise in share prices.

Rupert Murdoch is reportedly weighing a re-merger of News Corp and Fox Corp, prompting volatile trading in both companies' shares amid renewed speculation informed by court documents and video evidence.