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Meta Stock Slides 14% After Announcement of Plans for “Aggressive” AI Expenditures

Meta, the parent company of Facebook and Instagram, announced plans to launch “aggressive” spending on research of Artificial Intelligence and development of AI products. The news didn’t sit well with the investors and caused the company’s stock to slide more than 14% in after-market...

Stocks Continue Slide as Israel-Iran Tension Ensues

Stocks on the New York Stock Exchange continued their drop-off on Friday as investor anxiety rose following Israel's retaliatory strike against Iran. Market composure returned soon after once the scope of the Israeli response appeared to be limited. Futures on the Dow Jones Industrial Average...

United Airlines Stock Jumps 14% After Strong Q1 Results and Optimistic Projections for Q2

Following a strong first-quarter earnings report, United Airlines saw its stock jump 14% on Wednesday. Investors were also intrigued by the company’s optimistic projections for Q2. United Airlines reported a pre-tax loss of $164 million as well as an adjusted loss of 15 cents per...

European Stocks Rises as Gold Hits Fresh Record

European stocks rose on Friday and Asian markets stuttered, with gold and oil advancing. This comes as tensions in the Middle East heighten and U.S. inflation data awaits, thereby contributing to widespread market uncertainty. Futures on the Euro Stoxx 50 rose 0.7%, while in the...

Futures Stall as Markets Await Fresh Inflation Data

Futures on the New York Stock Exchange remained stagnant during early trading on Monday as investors cautiously await inflation data to be released later in the week. With the Consumer Price Index (CPI) set to be released on Wednesday, markets will be waiting to...

Positive Jobs Report Lifts U.S. Stocks

Stocks listed on the New York Stock Exchange continued their recovery on Friday following the March jobs report from the US Bureau of Labor Statistics. The tech-heavy Nasdaq Composite jumped 0.4%, while the S&P 500 gained 0.3%. The Dow Jones Industrial Average edged 0.1%...