West Texas Intermediate (WTI) crude oil is rallying on Wednesday, climbing more than 2% intraday as markets react positively to renewed momentum in US–China trade negotiations and a larger-than-expected drop in US crude inventories.
Alpha Liquid Terminal launches ChatAnalyst, an AI-powered research tool for crypto, equities, FX, and private markets. Multilingual and integrated with Google AI.
When asked about the bill resulting in a potential deficit increase of $2.4 trillion over the next decade, Bessent refrained from providing details but said the Trump administration’s proposal would result in “smart spending.”
Shares of personalized clothing company Stitch Fix (NASDAQ:SFIX)
fell 5.7% in the afternoon session after the company reported underwhelming first quarter 2025 (fiscal Q3) results: Sales were flat, and it continued to lose customers. In addition, margins stayed weak and in the red.
Shares of security and Aerospace company Lockheed Martin (NYSE:LMT)
fell 5.1% in the afternoon session after the U.S. Air Force significantly cut its request for F-35 fighter jets. The Air Force, Lockheed's largest customer, reduced its forecasted order from 48 planes to 24. This unexpected cut raises concerns about future revenue growth from the F-35 line, and may prompt investors to reassess their expectations.
Shares of software development tools maker GitLab (NASDAQ:GTLB)
fell 9.5% in the afternoon session after the company reported underwhelming first quarter 2025 (fiscal 2026) results: its full-year revenue guidance was in line, and investors were likely hoping for more. On the other hand, GitLab raised its full-year EPS guidance. In addition, the quarter's EPS and adjusted operating income exceeded Wall Street's estimates by a wide margin. Overall, this was a weak quarter.
Shares of power resiliency solutions provider American Superconductor (NASDAQ:AMSC)
fell 13.2% in the afternoon session after the company announced an underwritten public offering of 4.1 million shares of its common stock for $28 per share. AMSC expects the gross proceeds from this offering to be $115,500,000. Notably, before the announcement, AMSC had roughly 40m shares outstanding, which means the stock sale could significantly raise the supply. This could have a negative impact on its stock price as the increase in the supply of outstanding shares dilutes the ownership of existing shareholders.
Shares of foodservice packaging supplier Karat Packaging (NASDAQ:KRT) fell 14.3% in the afternoon session after the company announced the sale of 1.5 million shares for $27 per share by some members of its management team. The company itself is not selling any shares in this offering and will not receive any proceeds from the sale.
Shares of e-commerce pet food and supplies retailer Chewy (NYSE:CHWY) fell 9.7% in the afternoon session after the company reported underwhelming first-quarter 2025 results. Margins dipped slightly and customer growth was modest. Free cash flow margin also declined, highlighting both top- and bottom-line weaknesses. Overall, this was a softer quarter.
Just when gold thought it ruled the galaxy, silver returned with a vengeance. After drifting above 100:1, the gold-to-silver ratio is falling fast, now back to ~92. Silver prices are charging, investment flows are turning, and the market is waking
The video-trained AI model enables robots to understand physical dynamics, predict outcomes, and perform real-world tasks such as object handling and spatial navigation.
Stripe acquires Privy, a crypto wallet infrastructure startup, to strengthen its push into crypto and simplify digital value transfer. Deal expected to close soon.
As part of the London deal, China will supply the U.S. with rare earth resources and magnets, while Chinese students will be allowed to access colleges and universities in the United States.
Kazia on Wednesday announced positive preclinical data for its paxalisib drug in triple-negative breast cancer. The company's stock is soaring over 77% on exceptionally high and unusual trading volume.
U.S. stocks ticked higher at midday Wednesday, buoyed by signs of progress in U.S.-China trade negotiations and cooler-than-expected inflation data, both of which supported risk appetite.
