Walmart has reduced prices on various groceries and household essentials at Walmart and Sam's Club to attract more customers and offer better value. Meanwhile, Meta Platforms faces a massive $1.4 trillion civil penalty lawsuit from four U.S. states accusing it of designing Facebook and Instagram to addict young users and violating privacy laws, with a key trial set for August. Samsung Electronics projected a 19-fold profit surge but saw shares fall due to labor costs and profit-taking. Crinetics Pharmaceuticals' shares doubled after Vertex Pharmaceuticals announced a $10 billion acquisition deal expected to close in Q3 2026.
Global semiconductor stocks fell sharply overnight across major markets, dragging Nasdaq 100 futures lower ahead of the U.S. open. Despite strong earnings like Samsung's record profit, chip stocks including SK Hynix, Tokyo Electron, and Taiwan Semico...
Walmart announced a nearly 15% price reduction on ground beef and other items, a move praised by President Donald Trump as 'patriotic' and said to be in response to a request from his administration. The price cuts had already taken effect the previo...
Following a weak US jobs report, retail stocks Walmart, Target, and Costco showed varied market responses. Walmart and Costco are seen as potential buys on dips due to their appeal to cost-conscious consumers, while Target remains stable with technic...
Deployable Energy's Unity microreactor reached criticality at Idaho National Laboratory, fulfilling a presidential executive order goal for advanced reactors. Meanwhile, Constellation Energy signed a long-term power purchase agreement to supply carbo...
The Dow Jones Industrial Average closed at a record 52,900.07 after June payrolls missed expectations, signaling a cooling labor market. This weaker jobs report eased fears of further Federal Reserve rate hikes, boosting investor confidence and drivi...
