British online fashion retailer ASOS warned on Tuesday that annual revenue would come in below market expectations, citing subdued consumer demand and a slow recovery in its fast-fashion business. The London-listed company said profit would still rise more than 60% from last year but land at the lower end of its previously guided range of

Spotify announced on Tuesday that founder Daniel Ek will step down as chief executive officer at the start of 2026, transitioning to the role of executive chairman. The move will mark the end of his formal tenure as CEO after nearly two decades leading the company. Co-CEO model introduced Beginning January 1, 2026, Gustav Söderström,

Celsius Holdings is set for additional gains as its core and acquired beverage lines strengthen across markets, according to Morgan Stanley. The investment bank upgraded the energy drink maker to overweight from equal weight, citing expectations for renewed topline growth momentum. Alongside the upgrade, Morgan Stanley raised its price target on the stock to $70

Nvidia and AMD look set to ride a huge wave of growth as AI spending is expected to explode in the coming years. Citigroup just put a number on it and forecasted that nearly $3 trillion is set to be poured into AI infrastructure by 2029. Nvidia clearly leads the pack with its powerhouse chips

The Neos S&P 500(R) High Income ETF (SPYI) stock price has done well this year and is now hovering at its record high. In addition, the fund has an 11% yield, much higher than the Vanguard S&P 500 ETF (VOO), which yields just 1.1%. Why the SPYI ETF yields too much The SPYI ETF is

US stocks edged lower on Tuesday as investors weighed the prospect of a federal government shutdown against an otherwise strong September for equities. The Dow Jones Industrial Average hovered just below the flatline, while the S&P 500 and the Nasdaq Composite each slipped 0.1%. Shutdown risks have added to broader concerns about a slowing labour

Wolfspeed stock kicked off Tuesday with a 35% uptick in pre-market trades after Monday’s eye-popping rally. The company just wrapped up a tough Chapter 11 bankruptcy, slashing its massive debt and hitting the reset button on its finances. That fresh start has investors feeling hopeful about Wolfspeed’s future in the chip business. But with such

CoreWeave Inc. said on Tuesday it has struck an agreement to supply Meta Platforms Inc. with up to $14.2 billion of artificial intelligence cloud infrastructure, underscoring the steep costs associated with building and deploying advanced AI models. Shares of CoreWeave jumped more than 13% on market open after the announcement, extending a rally that has

Firefly Aerospace shares fell sharply after one of the company’s rockets exploded during testing, raising new concerns about the challenges facing the newly public space technology provider. The stock dropped 23.65% to $28.22 on Tuesday open, following the incident involving the company’s Alpha Flight 7 rocket. Alpha rocket booster destroyed Firefly confirmed that the first

Tesla stock edged lower on Tuesday even as Wall Street analysts lifted their price targets, with investors turning their attention to upcoming third-quarter delivery results. The Tesla stock was down 1.3% at $437.09 in early trading, while S&P 500 and Dow Jones Industrial Average futures slipped 0.1% and 0.2%, respectively. The stock is also under