STORY: Wall Street's main indexes closed lower on Tuesday, with the Dow and S&P 500 each shedding about two-thirds of a percent, and the Nasdaq losing more than eight-tenths of a percent. The benchmark 10-year Treasury yield climbed to its highest level in more than a year on mounting inflation concerns as oil prices stayed elevated... and with no clear resolution to the U.S. war in Iran. Tuesday'...
STORY: Wall Street's main indexes closed lower on Tuesday, with the Dow and S&P 500 each shedding about two-thirds of a percent, and the Nasdaq losing more than eight-tenths of a percent. The benchmark 10-year Treasury yield climbed to its highest level in more than a year on mounting inflation concerns as oil prices stayed elevated... and with no clear resolution to the U.S. war in Iran. Tuesday's profit-taking also came as investors anxiously awaited quarterly results from AI chip leader Nvidia, due after Wednesday's market close. Mike Mussio is president of FBB Capital Partners. "This is the third day in a row we're looking at some red on the screen. But we've had a lot of green over the past several weeks. So a few days down a percent or inside a percent or so should not be unexpected. We're in a little bit of a lull between some data that we received in terms of inflation data a week or so ago. And then tomorrow after the close, we will have Nvidia's earnings, which of course is what everybody's kind of waiting for to see what happens - which includes, are we going to continue to have the all-clear sign and move higher from there, or is it time for a little bit of additional profit-taking?" Among individual stock moves, cloud firm Akamai Technologies shed more than 6% after the company announced a $2.6 billion convertible bond offering. Shares of Home Depot closed higher after the home improvement chain beat sales and profit estimates despite warning of a cautious consumer. And shares of Target rose 3% ahead of its quarterly earnings results, scheduled before Wednesday's opening bell.
Expand NYSE : PATH UiPath Today's Change ( -0.85 %) $ -0.09 Current Price $ 10.55 Key Data Points Market Cap $5.6B Day's Range $ 10.41 - $ 11.30 52wk Range $ 9.20 - $ 19.84 Volume 42M Avg Vol 32M Gross Margin 82.98 % UiPath (PATH 0.85%), an automation platform providing robotic process automation solutions, closed Tuesday’s session at $10.54, down 0.99%. The stock moved after a collaboration with ...
Expand NYSE : PATH UiPath Today's Change ( -0.85 %) $ -0.09 Current Price $ 10.55 Key Data Points Market Cap $5.6B Day's Range $ 10.41 - $ 11.30 52wk Range $ 9.20 - $ 19.84 Volume 42M Avg Vol 32M Gross Margin 82.98 % UiPath (PATH 0.85%), an automation platform providing robotic process automation solutions, closed Tuesday’s session at $10.54, down 0.99%. The stock moved after a collaboration with Microsoft Korea to locally launch Automation Cloud, and investors are watching how this expands regional cloud automation adoption. The company’s trading volume reached 41 million shares, which is about 28% above compared with its three-month average of 32.1 million shares. UiPath went public in 2021 and has fallen 85% since its IPO. How the markets moved today S&P 500 (^GSPC 0.67%) slipped 0.67% to 7,353.61, while the Nasdaq Composite (^IXIC 0.84%) fell 0.84% to finish at 25,870.71. Within software - infrastructure, industry peers Microsoft (MSFT 1.45%) closed at $417.42 (-1.44%) and ServiceNow (NOW 1.64%) ended at $101.83 (-1.54%), underscoring pressure across enterprise software names. What this means for investors UiPath shares moved modestly lower alongside enterprise software peers, even as the company announced a collaboration with Microsoft Korea to launch Automation Cloud locally in South Korea. The launch gives Korean enterprises access to UiPath’s cloud automation platform with local data-residency support, a factor that can matter for large organizations managing regulated or sensitive workflows. The update aligns with UiPath’s broader effort to expand cloud-based automation through major technology partners rather than relying solely on direct enterprise sales. Future customer wins, or Microsoft-led deployments in South Korea would provide a clearer read on whether local Automation Cloud availability is converting into recurring cloud revenue.
Key Points Agilysys' earnings are rising at an impressive clip. Management sees subscription revenue growth of at least 30% in the year ahead. 10 stocks we like better than Agilysys › Shares of Agilysys (NASDAQ: AGYS) rose on Tuesday after the hospitality software provider's strong quarterly growth metrics assuaged investors' concerns regarding potential disruption from artificial intelligence (AI...
Key Points Agilysys' earnings are rising at an impressive clip. Management sees subscription revenue growth of at least 30% in the year ahead. 10 stocks we like better than Agilysys › Shares of Agilysys (NASDAQ: AGYS) rose on Tuesday after the hospitality software provider's strong quarterly growth metrics assuaged investors' concerns regarding potential disruption from artificial intelligence (AI). Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Solid sales and profit gains Agilysys' total net revenue grew 11.7% year over year to $82.9 million in its fiscal 2026 fourth quarter ended March 31. The software specialist's recurring revenue, which includes subscription and maintenance charges, climbed 18% to $54.4 million and now accounts for 65.5% of total net revenue. Investors prize recurring revenue streams due to their predictability. Subscription revenue growth was particularly strong at 24.1%. "Fiscal 2026 was an outstanding year across all crucial major metrics, including record-shattering sales and world-class customer retention levels, which have positioned us well for another record year in fiscal 2027," CEO Ramesh Srinivasan said. Rather than a threat, Agilysys sees AI as a catalyst for improved profitability. "Sweeping AI-related changes across the entire organization, especially in R&D [research and development], are helping us to improve operating leverage across several business areas and increase the pace of competitive product differentiation of our hospitality-focused software solution ecosystem," Srinivasan said. These AI-powered initiatives helped to drive the company's gross margin up to 64.4% from 60.7% in the year-ago quarter. Agilysys' adjusted earnings, in turn, jumped 17% to $0.63 per share. An upbeat forecast Management guided for full-year revenue of $365 million to $370 m...
SoFi Technologies (NASDAQ:SOFI), a digital financial services company that offers lending, investing, and banking, closed at $15.23, down 3.06%. The stock declined, along with major U.S. indexes, on concerns of conflict-related inflation and high Treasury yields. Trading volume reached 63.5 million shares, coming in 5.2% below its three-month average of 66.8 million shares. SoFi Technologies IPO'd...
SoFi Technologies (NASDAQ:SOFI), a digital financial services company that offers lending, investing, and banking, closed at $15.23, down 3.06%. The stock declined, along with major U.S. indexes, on concerns of conflict-related inflation and high Treasury yields. Trading volume reached 63.5 million shares, coming in 5.2% below its three-month average of 66.8 million shares. SoFi Technologies IPO'd in 2021 and has grown 21% since going public. How the markets moved today S&P 500 (SNPINDEX:^GSPC) fell 0.67% to 7,354, while the Nasdaq Composite (NASDAQINDEX:^IXIC) lost 0.84% to finish at 25,871. Among credit services peers, LendingClub (NYSE:LC) closed down 2.43% at $15.25, and Upstart (NASDAQ:UPST) ended up 0.50% at $28.08 as investors weighed sector fundamentals. What this means for investors SoFi soared to record highs last year, but — down over 40% year-to-date — it has struggled in 2026. Even its recent solid Q1 results didn’t help it to rebound, in part because Wall Street was disappointed that it didn’t raise its full-year forecast. A few factors are weighing on investor confidence, including a critical report from a short-seller that the firm has dismissed as “inaccurate.” Today’s drop is likely due to soaring Treasury yields and growing fears that the Federal Reserve could increase interest rates. Both pressured markets today and could present headwinds for SoFi’s lending arm. Long-term, the bigger question is whether SoFi can achieve its goal of becoming a one-stop shop as it seeks to disrupt traditional financial services. It is a competitive space, but SoFi’s continued growth in its customer base and ability to embrace new technologies, including stablecoins, may give it the edge. Should you buy stock in SoFi Technologies right now? Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoFi Technologies wasn’t one of them. Th...
In this article CBRS BABA Follow your favorite stocks CREATE FREE ACCOUNT Tesla and SpaceX CEO Elon Musk attends a state banquet for President Donald Trump and China's President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images SpaceX, which is getting set to publicly disclose its IPO prospectus, has picked Goldman Sachs to lead what's l...
In this article CBRS BABA Follow your favorite stocks CREATE FREE ACCOUNT Tesla and SpaceX CEO Elon Musk attends a state banquet for President Donald Trump and China's President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images SpaceX, which is getting set to publicly disclose its IPO prospectus, has picked Goldman Sachs to lead what's likely to be a record offering, according to people familiar with the matter. Goldman will have the lead left position on the prospectus, followed by Morgan Stanley , and then Bank of America , Citigroup and JPMorgan Chase , said the people, who asked not to be named due to confidentiality. Elon Musk's reusable rocket company could make its prospectus public as soon as Wednesday after confidentially filing with the Securities and Exchange Commission last month. The offering is expected to bring in a record sum as SpaceX was most recently valued at $1.25 trillion by Musk, when he merged the company with xAI, his artificial intelligence startup, in February. SpaceX didn't immediately respond to a request for comment. Only two tech companies — Facebook and Alibaba — have been valued at even $100 billion after their first day of trading on U.S. exchanges. AI chipmaker Cerebras debuted on the Nasdaq last week, and closed with a market cap of about $95 billion, setting the stage for what could be a year of mega IPOs tied to the AI trade. SpaceX is looking to get to the public market ahead of AI model leaders OpenAI and Anthropic, which are each valued at close to $1 trillion by private investors. Those companies are eyeing to go public as soon as this year. For Musk, the highly anticipated prospectus is set to land just days after he suffered a stinging defeat in court to OpenAI and Sam Altman , its CEO. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
China's expanding AI ecosystem and easing U.S.-China tensions are reviving the case for Chinese equities, in particular the technology sector, according to UBS. Suresh Tantia, head chief investment officer of Asia equity strategy at UBS Global Wealth Management, told CNBC's " Squawk Box Asia " that easing tensions between Washington and Beijing after last week's Trump-Xi summit should allow invest...
China's expanding AI ecosystem and easing U.S.-China tensions are reviving the case for Chinese equities, in particular the technology sector, according to UBS. Suresh Tantia, head chief investment officer of Asia equity strategy at UBS Global Wealth Management, told CNBC's " Squawk Box Asia " that easing tensions between Washington and Beijing after last week's Trump-Xi summit should allow investors to refocus on market fundamentals rather than geopolitical escalation risks. "It seems like both countries are following the policy of live and let live, and that's not bad news from a market perspective, because markets can go back to fundamentals," Tantia said Tuesday. So far this year, Chinese equities have lagged behind regional peers such as South Korea and Taiwan that have been riding the tech boom. Tantia, however, said the outlook for the country's technology sector remains underpinned by structural growth in AI-related investment. "What we can see is that China is building its own AI ecosystem, similar to what the U.S. has done, and that AI ecosystem is going to create a lot of investment opportunities for domestic companies. And the market is huge," he said. Tantia pointed to strong earnings from Chinese technology firms, particularly in cloud computing. Chinese tech giant Baidu on Monday posted a 49% surge in revenue in its AI-focused business to 13.6 billion yuan ($2 billion). Chinese AI company Zhipu, which listed in January, last month reported its revenue rose about 132% in 2025 from a year earlier. "Looking at the valuation and double-digit earnings growth, we think from a risk-reward perspective it makes a lot of sense to for investors to buy China equity market and China tech stocks," Tantia said. .HSI YTD mountain Performance of the Hang Seng Index year-to-date On Monday, China reported a slew of underwhelming economic data for April with consumption, industrial output and investment growth missing market expectations as the fallout from the Iran war ...
In this article @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT The U.S. Capitol in Washington, DC, US, on Wednesday, April 22, 2026. Eric Lee | Bloomberg | Getty Images The Senate on Tuesday advanced a resolution to halt military action in Iran after a surprise defection from Republican Sen. Bill Cassidy of Louisiana, dealing a blow to President Donald Trump 's war effort. The vote, though...
In this article @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT The U.S. Capitol in Washington, DC, US, on Wednesday, April 22, 2026. Eric Lee | Bloomberg | Getty Images The Senate on Tuesday advanced a resolution to halt military action in Iran after a surprise defection from Republican Sen. Bill Cassidy of Louisiana, dealing a blow to President Donald Trump 's war effort. The vote, though preliminary, shows that the Senate now could have the votes to force Trump to pull back the military from Iran or seek congressional approval for additional action. Despite the War Powers Resolution advancing 50-47, it still has little chance of becoming law. It would need to pass a final vote in the Senate, clear the House and Trump would be almost certain to veto it. But the vote does show increasing headwinds to the war with Iran, especially as gas prices continue to soar ahead of the summer driving season and the 2026 midterms. Cassidy, who failed to advance to a runoff against Trump-endorsed challenger Rep. Julia Letlow, R-La., in a primary election last week, is now in the final months of his term in the Senate. His vote indicates that he is now more willing to challenge Trump. U.S. Senator Bill Cassidy (R-LA) attends a Health, Education, Labor, and Pensions (HELP) Senate Committee confirmation hearing on Marty Makary's nomination to be commissioner of the U.S. Food and Drug Administration (FDA), on Capitol Hill in Washington, D.C., U.S., March 6, 2025. Kent Nishimura | Reuters The war with Iran has now blown past the 60-day requirement under the War Powers Act for the president to seek the authorization of Congress for the use of military force. Though the Trump administration has challenged the law as unconstitutional, and claimed that a tenuous ceasefire in early April has stopped the clock by ceasing hostilities. Republicans, who broadly opposed the measure, may have also been hindered by absences that allowed the measure to proceed. Several senators, including S...
"Need Solidarity , Not Stigma": African Officials Say US Ebola-Related Restrictions Unnecessary The U.S. government on May 18 said it will not let people without U.S. passports enter the United States if they have been to African countries affected by, or close to, a new Ebola outbreak within the past 21 days. As Zachary Stieber reports for The Epoch Times, the countries are Uganda, Congo, and Sou...
"Need Solidarity , Not Stigma": African Officials Say US Ebola-Related Restrictions Unnecessary The U.S. government on May 18 said it will not let people without U.S. passports enter the United States if they have been to African countries affected by, or close to, a new Ebola outbreak within the past 21 days. As Zachary Stieber reports for The Epoch Times, the countries are Uganda, Congo, and South Sudan , the Centers for Disease Control and Prevention (CDC) said in a public health order. The order, signed by acting CDC Director Dr. Jay Bhattacharya, suspends the right of people from those countries to enter the United States because of “the serious risk posed by the introduction of Ebola disease into the United States by covered aliens based on the emergent outbreak of Ebola disease” in Congo. The public health order will be in effect for 30 days, according to the CDC. Federal law enables the CDC to prohibit entry by certain migrants if officials judge that barring their entry will prevent the “introduction, transmission, or spread of communicable diseases from foreign countries.” U.S. officials also said they are going to step up public health screening and monitoring of other travelers who have arrived from areas affected by the outbreak. Screening includes identifying symptoms such as fever and analyzing possible exposure history. “At this time, CDC assesses the immediate risk to the general U.S. public as low, but we will continue to evaluate the evolving situation and may adjust public health measures as additional information becomes available,” the public health agency said in a statement. One American who was in Congo has tested positive for Ebola, and six others were exposed, CDC officials said in a briefing on May 18. African officials on May 15 first confirmed the outbreak in Congo , reporting 80 confirmed and suspected deaths, and hundreds of confirmed and suspected infections. The outbreak has since spread to Uganda, and South Sudan borders the region...
Mid-market investment bank Lincoln International Inc. and its backers raised nearly $421 million in an US initial public offering priced at the top of the marketed range. The Chicago-based firm and some of its executives sold about 21.05 million shares at $20, according to a statement Wednesday. The firm had offered 20.6 million shares and the shareholders offered 445,942, marketed for $18 to $20 ...
Mid-market investment bank Lincoln International Inc. and its backers raised nearly $421 million in an US initial public offering priced at the top of the marketed range. The Chicago-based firm and some of its executives sold about 21.05 million shares at $20, according to a statement Wednesday. The firm had offered 20.6 million shares and the shareholders offered 445,942, marketed for $18 to $20 each, its filings showed. At the IPO price, Lincoln has a market value of about $2 billion based on the outstanding shares listed in its filings. The offering attracted demand for multiple times the available shares, people familiar with the matter have said. Lincoln, which advises business owners and private equity funds, had net income of $214.1 million on revenue of $783.8 million in 2025, compared with net income of $163.6 million on revenue of $578.7 million a year earlier, according to the filings. Founded in 1996, the company advises on mergers and acquisitions valuation services as well as fundraising and other capital solutions. It had roughly 1,400 people in offices across 14 countries, the filings show. Lincoln acquired advisory firm MarshBerry last year and didn’t disclose the terms of the transaction. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . The offering was led by Goldman Sachs Group Inc. and Morgan Stanley . The company’s shares will trade on the New York Stock Exchange under the symbol LCLN.
Central Asia is fast becoming Hong Kong’s next frontier for growth as the city makes a major strategic pivot towards the region. This welcome new direction is about to be further embraced, after the announcement that Chief Executive John Lee Ka-chiu will lead his administration’s biggest business delegation to Kazakhstan and Uzbekistan next month. More than 30 Hong Kong business leaders from secto...
Central Asia is fast becoming Hong Kong’s next frontier for growth as the city makes a major strategic pivot towards the region. This welcome new direction is about to be further embraced, after the announcement that Chief Executive John Lee Ka-chiu will lead his administration’s biggest business delegation to Kazakhstan and Uzbekistan next month. More than 30 Hong Kong business leaders from sectors ranging from logistics to innovation and technology as well as about 30 entrepreneurs from mainland China will join the chief executive on the trip to the nations’ respective capitals, Astana and Tashkent, in early June. It is sensible and timely for the city to deepen ties with the region. While announcing his plans, Lee noted Central Asia’s economic diversification and strong growth in finance, trade, infrastructure, tourism and green development – sectors where Hong Kong excels. Advertisement Kazakhstan is Central Asia’s largest economy and a key partner in Beijing’s Belt and Road Initiative. The emerging financial hub’s gross domestic product approached US$303 billion last year. Uzbekistan boasts the largest population among the five Central Asian countries. Earlier this month, it signed 15 bilateral agreements with China covering areas such as infrastructure, healthcare and metal production. Advertisement The authorities have spent several years promoting the city in the Middle East and Southeast Asia. Their success with promotional pushes in those areas is a testament to Hong Kong’s proactive approach to navigating global geopolitical uncertainties.