Xbox, the gaming unit of Microsoft Corp (MSFT), has reportedly pulled out of a deal to fund and publish IO Interactive’s upcoming game Project Fantasy, as it reportedly re-evaluates its investment decisions. IO Interactive said it will continue developing the game but will now need to find other fu…
Intuitive Machines (LUNR) and Firefly Aerospace (FLY) saw their shares gain 2% and 1%, respectively, on Tuesday after the National Aeronautics and Space Administration (NASA) awarded the space companies lunar lander contracts for the Artemis moon base project.The lunar lander contracts include $144…
Shares of Lucid Group (LCID) gained about 3% on Tuesday after Nuro released a video showing Uber Technologies (UBER) CEO Dara Khosrowshahi taking a ride in a Lucid Gravity SUV being developed as a robotaxi, which helped build confidence in the autonomous vehicle deal between the three companies.The…
Shares of Ambarella Inc. (AMBA) surged on Tuesday after Rosenblatt Securities named the edge AI chipmaker as one of its top stock picks for the second half of 2026, citing its strong positioning in the rapidly growing physical AI market.Rosenblatt highlighted Ambarella among a select group of techn…
Amazon.com, Inc.’s (AMZN) cloud unit Amazon Web Services (AWS) announced on Tuesday a $1-billion investment to establish a specialized engineering division to embed top-tier artificial intelligence experts directly within client organizations.The newly formed AWS Forward Deployed Engineering (FDE…
Shares of Moleculin Biotech (MBRX) plunged more than 25% on Tuesday after the company announced interim data from its mid-to-late stage clinical trial for Annamycin in relapsed or refractory acute myeloid leukemia (AML), which did not achieve statistical significance.The drop follows four straight…
Block Inc. (XYZ) shares could have more room to run as improving profitability and tighter cost controls strengthen the company’s earnings outlook, according to Piper Sandler.The brokerage double upgraded the payments company to ‘Overweight’ from ‘Underweight’ following a transfer of coverage and r…
Shares of Concentrix Corporation (CNXC), Farmmi Inc. (FAMI), and Hertz Global Holdings (HTZ) slumped to 52-week lows on Tuesday as investors reacted to a mix of stock offerings and financial results that fell short of Wall Street expectations.At the time of writing, CNXC shares were down more than…
Artificial intelligence is becoming a key factor in how central banks assess inflation, economic growth and financial stability, according to the Bank for International Settlements.The BIS said in its 2026 Annual Economic Report that policymakers must now account for AI’s increasingly broad economi…
Shares of Concentrix Corp (CNXC) hit their record lows on Tuesday after the company reported its second-quarter earnings and slashed its outlook, triggering multiple analysts to lower their price targets on the stock.At the time of writing, CNXC stock was down 16%.Wall Street Points Out Guidance Cu…
Palantir Technologies (PLTR) share price gained nearly 2% on Tuesday amid reports that Japan is weighing the adoption of the firm’s AI defense systems for the command-and-control infrastructure of its Self-Defense Forces.Defense Ministry sources told Japanese publication Asahi Shimbun, that Palanti…
Shares of Sarepta Therapeutics (SRPT) rose around 6% on Tuesday after the company announced that U.S. regulators had accepted its applications seeking full, permanent approval for two of its existing medicines for Duchenne muscular dystrophy.The positive market reaction came after Sarepta revealed…
Shares of Sable Offshore (SOC) sank on Tuesday after the company said it plans to raise up to $450 million through a combination of stock and notes offerings.At the time of writing, SOC stock was down more than 50% and was on track to hit a record low.SOC’s OfferingThe company said it is working wi…
Shares of Candel Therapeutics (CADL) jumped 9% on Tuesday after the biotech company launched a pivotal Phase 3 trial of its lead cancer therapy in advanced non-small cell lung cancer (NSCLC), expanding its clinical ambitions beyond its promising late-stage success in prostate cancer.CADL shares, wh…
On Tuesday, a coalition of major payment, banking, and crypto firms, including Visa (V), Mastercard (MA), Stripe, BlackRock (BLK), and Coinbase (COIN), is backing a new dollar-pegged stablecoin called Open USD (OUSD).The stablecoin was being developed by Open Standard in an effort that would challe…
Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday that interest rates may need to be raised to bring inflation back under control.During an interview with CNBC, Hammack said that inflation has been elevated for the past five years. “We’ve got inflation that’s too high, and it’s…
Bitcoin (BTC) miners just got a fresh yardstick for their AI ambitions, and one analyst said it shows how cheaply the market is pricing them.Digital Realty Trust (DLR) has agreed to purchase three fully leased AI data centers in Northern Virginia from Blackstone (BX) for $3.5 billion, a deal that V…
Wedbush’s Global Head of Tech Research, Dan Ives, said Tuesday that the upcoming earnings will be a “huge validation moment” for big tech, adding that he expects the Magnificent Seven (MAG 7) stocks to significantly outperform in the second half of the year.Ives said AI investments by companies lik…
Shares of AeroVironment Inc. (AVAV) skyrocketed on Tuesday after the company reported better-than-expected fourth-quarter (Q4) results. AeroVironment shares were on track for their best single-day gains in more than two years.However, Wall Street is not happy, with analysts at UBS trimming their pr…
Shares of Vistagen (VTGN) crashed on Tuesday after the company said its anxiety therapy, Fasedienol, did not meet key goals in a late-stage trial.At the time of writing, VTGN was down more than 71% and on track to hit a record low.Findings From VTGN’s PALISADE-4 Phase 3 TrialThe company said that F…
