JHVEPhoto/iStock Editorial via Getty Images Alphabet ( GOOG ) ( GOOGL ) shares slid on Tuesday to their lowest close since November, leaving the stock on the brink of entering a bear market after a sharp retreat from recent highs. The Google parent fell more than 3% to around $290, marking its steepest single-day decline since June. The drop leaves the stock roughly 17% below its February peak nea...
JHVEPhoto/iStock Editorial via Getty Images Alphabet ( GOOG ) ( GOOGL ) shares slid on Tuesday to their lowest close since November, leaving the stock on the brink of entering a bear market after a sharp retreat from recent highs. The Google parent fell more than 3% to around $290, marking its steepest single-day decline since June. The drop leaves the stock roughly 17% below its February peak near $350, putting it within striking distance of the 20% threshold typically used to define a bear market. The selloff comes amid broader weakness in U.S. equities, as rising bond yields and persistent geopolitical tensions weigh on investor sentiment. Rate-sensitive technology stocks have come under renewed pressure, with investors rotating away from high-growth names. Alphabet ( GOOG ) ( GOOGL ) has also lagged some of its mega-cap peers in recent sessions, as concerns build around the cost of scaling artificial intelligence infrastructure and the potential impact on margins. Ongoing regulatory scrutiny has added another layer of uncertainty for investors. Volumes were elevated compared with recent averages, pointing to active repositioning as the stock approaches key technical levels. A further leg down would tip the shares into bear market territory, underscoring the shift in sentiment around one of Wall Street’s most closely watched technology companies. Here is a chart posted by Mike Zaccardi: Mike Zaccardi More on Alphabet Alphabet: Inside Google Cloud's New Growth Pillars Alphabet Q4: A Fairly Valued Tech Titan To Buy Now Alphabet: Apple AI Deal Is The Biggest Blind Spot Google DeepMind teams up with Agile Robots for AI robotics push U.S. bans new foreign-made routers over security risks
JHVEPhoto/iStock Editorial via Getty Images Alphabet ( GOOG ) ( GOOGL ) shares slid on Tuesday to their lowest close since November, leaving the stock on the brink of entering a bear market after a sharp retreat from recent highs. The Google parent fell more than 3% to around $290, marking its steepest single-day decline since June. The drop leaves the stock roughly 17% below its February peak nea...
JHVEPhoto/iStock Editorial via Getty Images Alphabet ( GOOG ) ( GOOGL ) shares slid on Tuesday to their lowest close since November, leaving the stock on the brink of entering a bear market after a sharp retreat from recent highs. The Google parent fell more than 3% to around $290, marking its steepest single-day decline since June. The drop leaves the stock roughly 17% below its February peak near $350, putting it within striking distance of the 20% threshold typically used to define a bear market. The selloff comes amid broader weakness in U.S. equities, as rising bond yields and persistent geopolitical tensions weigh on investor sentiment. Rate-sensitive technology stocks have come under renewed pressure, with investors rotating away from high-growth names. Alphabet ( GOOG ) ( GOOGL ) has also lagged some of its mega-cap peers in recent sessions, as concerns build around the cost of scaling artificial intelligence infrastructure and the potential impact on margins. Ongoing regulatory scrutiny has added another layer of uncertainty for investors. Volumes were elevated compared with recent averages, pointing to active repositioning as the stock approaches key technical levels. A further leg down would tip the shares into bear market territory, underscoring the shift in sentiment around one of Wall Street’s most closely watched technology companies. Here is a chart posted by Mike Zaccardi: Mike Zaccardi More on Alphabet Alphabet: Inside Google Cloud's New Growth Pillars Alphabet Q4: A Fairly Valued Tech Titan To Buy Now Alphabet: Apple AI Deal Is The Biggest Blind Spot Google DeepMind teams up with Agile Robots for AI robotics push U.S. bans new foreign-made routers over security risks
Honda Motor Co. and Sony Group Corp. have scrapped plans to jointly develop an electric vehicle and will rethink their partnership as the carmaker’s financial troubles deepen. Development of the first- and second-generation Afeela EVs will be shelved effective immediately, the companies said in a joint statement Wednesday. They will also reevaluate Sony Honda Mobility Co., their joint venture esta...
Honda Motor Co. and Sony Group Corp. have scrapped plans to jointly develop an electric vehicle and will rethink their partnership as the carmaker’s financial troubles deepen. Development of the first- and second-generation Afeela EVs will be shelved effective immediately, the companies said in a joint statement Wednesday. They will also reevaluate Sony Honda Mobility Co., their joint venture established in 2022. Honda and Sony’s decision to scrap the Afeela, a premium EV that combined Honda’s vehicle development and production capabilities with Sony’s expertise in image sensors and entertainment, underscores the strain on legacy automakers due to the mounting costs of EV development. Honda Chief Executive Officer Toshihiro Mibe , who warned weeks ago of ¥2.5 trillion ($15.7 billion) in EV-related charges, is due to announce a new business plan in May. Read More: Honda’s Car Troubles Began Long Before Disastrous Bet on EVs “Honda had already announced an EV overhaul, so there was concern about what would happen to Afeela,” said Toyo Securities Co. analyst Hideki Yasuda . “It’s a big driver for Sony, so it should continue on, with or without Honda.” Customers who had already placed orders for the first-generation Afeela will be fully reimbursed, according to the carmaker. Honda has also canceled the development and launch of three EV models planned for North America, and is forecasting operating losses of ¥270 billion to ¥570 billion for the fiscal year ending in March.
JHVEPhoto General Motors ( GM ) said it will invest a total of $600M in its South Korean unit to upgrade manufacturing facilities and products. This total comprises two $300M commitments: one from December 2025 and a new one targeting press machine upgrades at plants in Bupyeong and Changwon. The funds will be used to upgrade production capabilities, improving product quality and boosting technolo...
JHVEPhoto General Motors ( GM ) said it will invest a total of $600M in its South Korean unit to upgrade manufacturing facilities and products. This total comprises two $300M commitments: one from December 2025 and a new one targeting press machine upgrades at plants in Bupyeong and Changwon. The funds will be used to upgrade production capabilities, improving product quality and boosting technological competitiveness for small-size SUVs at its plants in South Korea. The move comes as GM Korea remains central to the automaker’s global export strategy despite a 7.5% decline in 2025 sales, largely due to U.S. tariffs on imported vehicle. The funding is also considered a positive signal for the company's Korean workers amid lingering concerns about a potential exit, following a $7.15B government-backed rescue in 2018 that includes a 10-year no-exit clause. More on General Motors General Motors Looks Like A Bargain, But It Isn't General Motors Company (GM) Presents at Bank of America Global Automotive Summit - Slideshow General Motors Company (GM) Presents at Bank of America Global Automotive Summit Transcript General Motors begins testing next-generation autonomous driving Chinese EV makers look to gain ground in North America amid the tariff backdrop
imaginima/iStock via Getty Images EchoStar ( SATS ), Rocket Lab ( RKLB ), and AST SpaceMobile ( ASTS ) rose in premarket trading on Wednesday after a report from The Information said SpaceX ( SPACE ) is preparing to file for an initial public offering as soon as this week or next. The Information report said SpaceX ( SPACE ) could seek to raise more than $75B in the IPO, citing a person familiar w...
imaginima/iStock via Getty Images EchoStar ( SATS ), Rocket Lab ( RKLB ), and AST SpaceMobile ( ASTS ) rose in premarket trading on Wednesday after a report from The Information said SpaceX ( SPACE ) is preparing to file for an initial public offering as soon as this week or next. The Information report said SpaceX ( SPACE ) could seek to raise more than $75B in the IPO, citing a person familiar with the plans, with individual investor allocation potentially exceeding 20%, though the final structure has yet to be determined. EchoStar ( SATS ) gained +6.6%, while Rocket Lab ( RKLB ) advanced +3.5%, and AST SpaceMobile ( ASTS ) added +3.4% ahead of the open. Other space and satellite names up premarket include Intuitive Machines ( LUNR ) +4.7%, Virgin Galactic ( SPCE ) +2.1%, Sidus Space ( SIDU ) +2.5%, Iridium Communications ( IRDM ) +1.6%, Globalstar ( GSAT ) +1.9%, Viasat ( VSAT ) +2.5%. The move reflects rising investor interest in satellite and space infrastructure stocks and follows earlier strategic ties in the sector, including a plan for SpaceX to acquire EchoStar’s ( SATS ) wireless spectrum assets in a deal valued at $17B. The transaction involves AWS-4 and H-block spectrum licenses used for satellite and mobile communications. More on EchoStar, SpaceX, etc. Rocket Lab: This $1B Capital Raise Is More Bullish Than You Think Rocket Lab: Waiting Is Hard Rocket Lab Winning The Space Race - High Growth Cadence Triggers Speculative Buy Elon Musk's SpaceX may file for U.S. IPO as early as this week, report says Germany’s satellite plan sparks EU tensions over cost, coordination
tadamichi/iStock via Getty Images Introduction We last wrote on ASGN Incorporated ( ASGN ) in December of last year, when we reinstated our 'Sell' rating from our September commentary. To recap, ASGN provides IT solutions related to staffing and related services across the commercial and government sectors in the US and international markets. Growth vulnerabilities, declining margins, and a long-t...
tadamichi/iStock via Getty Images Introduction We last wrote on ASGN Incorporated ( ASGN ) in December of last year, when we reinstated our 'Sell' rating from our September commentary. To recap, ASGN provides IT solutions related to staffing and related services across the commercial and government sectors in the US and international markets. Growth vulnerabilities, declining margins, and a long-term technical breach on the long-term chart were reasons for our initial bearish stance last September. Furthermore, the fact that ASGN was aligning its investment strategy with the belief that AI-oriented demand solutions and federal business contract awards would continue to gain traction was somewhat foolhardy in our view. To date, sentiment remains bearish, given that shares of ASGN are down roughly 22% since our September 2025 commentary approximately 6 months ago. Then, on the 20th of November last year, the sustained pattern of lower lows came to a temporary halt on the announcement of the 'Everforth,' whose function was to amalgamate all of ASGN's existing segments under one parent identity. Lofty, forward-looking financial goals based on the improvement of operational efficiencies, where management believed its value-adding products and services could remain ahead of the AI curve, were strong reasons why shares rallied on the investor-day announcement well into the new year. The AI factor framework and management's commitment to aggressively purchase its own stock also tied into the bullish argument from a forward-looking basis. Buy the Rumour, Sell the News Suffice it to say, the investor day 'pledges' in November of last year, in hindsight, resulted in investors 'buying the rumour' but then 'selling' the news. The 'news' here was the release of the company's fourth quarter and annual earnings (2/4/2026), where the Q4 GAAP result of $0.59 missed the consensus by a large $0.20 per share margin. Bottom-line profitability trends matter, especially in an outfit such a...