With the Middle East aflame, the boring world of corporate software — and its massive cash flows — suddenly looks good to investors.
Category: Business
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Bitcoin tumbles as oil and gas prices spike and the market’s mood turns risk-off
Bitcoin ETFs reverted to outflows and bitcoin suffered $192 million in liquidations in the past 24 hours.
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Rocket Lab slips with other momentum stocks despite DOD hypersonic test deal, new analyst “buy” call
The stock is flat, with the market looking at an ugly open related to the war.
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CarMax says EV and hybrid searches are up 9.3% this month as gas prices surge
Car shoppers are increasingly looking toward more fuel-efficient options as the war in Iran continues to spike gas prices.
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NHTSA expands Tesla FSD probe, focusing on whether system can detect when cameras can’t see the road
Unlike Google’s Waymo, Teslas don’t have lidar.
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Uber will invest $1.25 billion in Rivian in a new robotaxi deal
The ride-hailing company has more than 20 autonomous vehicle partnerships.
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Oil and gas prices jump after Middle East strikes hit key energy infrastructure
Attacks on Iranian and Qatari energy facilities pushed Brent crude to $118, widening the gap to WTI.
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Apple to bring in $1 billion in AI revenue — without big AI spending
Apple is behind on developing its own AI, but it’s making plenty of money from the AI boom.
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Lilly reports encouraging trial results for its next-gen GLP-1 shot
Patients taking the highest dose of retatrutide lost 16.8% of their body weight after 40 weeks, more than its current bestseller, tirzepatide.
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Gold and silver dip amid inflation concerns and ongoing Iran war
Spot prices across both precious metals have dropped this morning.
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Micron blew the lights out on earnings, so why is the stock dropping?
After a relentless rise into the print, a stunning beat — 21% on revenue and 36% on adjusted EPS — wasn’t quite enough to keep the momentum going.
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Micron reports another stellar quarter and blowout guidance
The memory chip specialist did it again.