News Powered By AI
News Powered By AI
Rising US Treasury yields are pushing toward levels that could trigger a stock market correction, with survey respondents identifying 5% to 5.5% as potential tipping points for a 10% decline.
Global equity funds experienced net outflows of $15.52 billion during the week through September 9, driven by rising oil prices and inflation concerns amid geopolitical tensions.
Salesforce stock surged 18% after reporting strong quarterly results driven by a $2.6 billion gain from its Anthropic investment stake and accelerating AI product revenue growth.
Okta’s shares surged 20% after the identity software provider topped fiscal second-quarter estimates, with revenue rising 11% and net income increasing significantly on strong demand for AI security tools.
CrowdStrike surged over 11% after reporting record second-quarter results, with revenue jumping 26% as artificial intelligence security threats drive enterprise adoption of its services.
ChargePoint stock surged more than 70% Thursday after the EV charging company beat second-quarter expectations and provided optimistic forward guidance, with CEO Rick Wilmer calling it “the beginning of the momentum.”
