Xpeng Inc - ADR (XPEV) Stock Price Today
BMO downgrades Lululemon to Underperform amid legal probe and weak sales outlook
BMO Capital Markets initiated coverage of Lululemon Athletica with an Underperform rating and a $70 price target, citing weakening demand in key markets and margin pressures. This follows a 4% revenue decline in Q2 and a reduced full-year forecast. M...
Pinterest stock drops 8% amid CFO resignation and slower growth guidance, signaling a premium multiple reset.
Pinterest shares fell 8% without new headlines, continuing a 21% decline over the past month due to CFO resignation and lowered Q3 revenue growth guidance (13-15% vs. 18.2% in Q2). Despite solid user growth and cash flow, the high valuation (P/E 54.8...
Splitit integrates with Jack Henry to help banks offer installment payments and compete with BNPL apps
Splitit has integrated its installment payment platform with Jack Henry’s SilverLake core banking and Banno Digital platforms. This partnership aims to help banks and credit unions retain customers by offering buy now, pay later (BNPL) options direct...
A 5% yield bond ETF may help cover retirement income gaps if Social Security benefits are cut by 2032.
Social Security's trust fund is projected to run out by 2032, potentially reducing retirees' benefits and creating an income gap. This shortfall is due to demographic shifts and the program's limited investment options. To supplement future income, r...
IREN aims for $4B AI cloud revenue with NVIDIA backing, targeting 80% stock upside amid execution risks.
IREN, transitioning from Bitcoin mining to AI cloud infrastructure, secured a $3.4B AI Cloud contract with NVIDIA and a $2.1B NVIDIA investment commitment to scale up to 600,000 GPUs. Despite a recent quarterly revenue miss and a net loss due to mini...
OpenAI scientist warns AI risks like bioweapons as GPT-6 Astra launches, raising concerns for NVIDIA investors.
OpenAI's chief scientist Jakub Pachocki has warned about serious risks from advanced AI, including bioweapons and cyberattacks, even as OpenAI releases its latest model, GPT-6 Astra. He highlights that AI systems evolve unpredictably and alignment wi...
Gold ETFs see $18bn inflow in August amid debt concerns and rate hike fears
In August, gold-backed ETFs attracted $18 billion in capital, marking the second-largest monthly inflow on record, driven by concerns over rising global sovereign debt and potential dollar weakening. North American and European funds led the inflows ...
Bitmine nears 5% ETH supply goal with $15.7B crypto holdings, driving strong Q3 gains and staking over 5M ETH.
Bitmine Immersion Technologies has accumulated 4.9% of the total Ethereum supply, holding $15.7 billion in crypto assets including 5.93 million ETH. The company has achieved 97% of its goal to acquire 5% of all ETH in just 15 months, contributing to ...
US sanctions Xinbi Guarantee, a Chinese-linked scam platform laundering $52M in crypto from Americans
The US Attorney for the District of Columbia announced sanctions against Xinbi Guarantee, an online platform used by Chinese cybercriminals to facilitate scams targeting Americans, including fraudulent cryptocurrency investments. Authorities restrain...
Jim Cramer favors Morgan Stanley over fintechs, praising its steady growth and $10T client assets milestone.
Jim Cramer expressed skepticism about the wave of new fintech and blockchain IPOs, describing many as similar and hard to differentiate. Instead, he highlighted Morgan Stanley as a strong, quietly executing incumbent that recently surpassed $10 trill...
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