Stock Market News — page 6

PayPal shares plunge as reports surface that suitors are withdrawing from a potential acquisition involving Stripe, ending months of takeover speculation and leaving the company to pursue an independent turnaround.

Wire coverage reveals distinct Required Minimum Distribution rules for 401(k)s versus IRAs, warning that rolling over 401(k) balances without accounting for these differences can increase costs and reduce account values.

Klarna shares advanced 5 percent following reports that the chief executive officer executed a personal equity purchase valued at nearly $10 million, prompting a positive market response to the significant insider transaction.

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.

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

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

Equity markets reacted to a positive rating adjustment from Wells Fargo, which cited abundant commercial prospects as the primary catalyst for the stock's upward movement.

Enterprise software provider reports Q2 FY2027 results, driving stock rally as artificial intelligence initiatives demonstrate measurable progress to investors.

Nvidia's total supply commitments have more than doubled to $279 billion, largely driven by increased orders for memory components, marking a sharp escalation in procurement compared to the prior quarter.

Veeva Systems stock rises as the company reports stronger-than-anticipated sales figures and quarterly profits.

HealthEquity set fiscal 2027 revenue guidance at $1.411 billion to $1.421 billion, citing marketplace and AI expansions, as shares trade lower following the update.

The semiconductor leader delivers robust quarterly results alongside a major capital allocation push and rapidly growing non-tech divisions, though market attention focuses on working capital and receivables.

Enterprise software equities surged following Salesforce’s second-quarter earnings beat, an expanded AI partnership, and upgraded financial guidance, fundamentally shifting sector sentiment.

Derivative trading activity registered elevated contract turnover for Palo Alto Networks and several other S&P 500 constituents during Thursday market operations.

Reports surface regarding a potential Nvidia purchase of Hugging Face amid the company's introduction of the Microduck AI-powered robot.

Best Buy surpassed quarterly estimates across multiple metrics and upgraded its full-fiscal-year forecast on Thursday, citing robust first-half results and notable strength in computing products.