Meta stock sinks nearly 7% as AI spend pushes free cash flow negative
Meta shares fell nearly 7% after reporting negative free cash flow in Q3 and raising its full-year capital expenditure guidance to $135-$145 billion amid AI investments.
Moderna shares plunge after cancer vaccine data leaks — despite positive results
Moderna shares fell as much as 25% Thursday after a cancer vaccine data leak, though the full results showed positive efficacy in reducing melanoma recurrence and death risk alongside Merck’s Keytruda immunotherapy.
As the U.S.-Iran war heats up again, these parts of the stock market and economy could be affected
Escalating U.S.-Iran military tensions rekindled concerns about oil price impacts on the economy, though stock markets showed resilience with the S&P 500 near record highs despite rising energy costs.
Bank of America shares drop after third-quarter revenue miss and regulatory penalty
Bank of America shares fell nearly 5% after the bank reported a $1.2 billion regulatory penalty and revenue miss driven by weak trading operations in the third quarter.
Morgan Stanley tops estimates as equities trading revenue beats expectations by $909 million
Morgan Stanley’s third-quarter profit rose 6.5% to $4.91 billion as equities trading revenue surged 41% to $5.8 billion, beating expectations by $909 million.
French supermarket giant’s shares plunge 14% after warning ‘unprecedented’ unrest will hit business
French supermarket giant Carrefour’s shares plunged 14% after the company cut its full-year profit forecast, citing unprecedented social unrest and security concerns affecting consumer spending and store operations.