In this article SNAP UBER META XYZ Follow your favorite stocks CREATE FREE ACCOUNT Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty Images Shares of Snap climbed 13% Tuesday after shareholder Irenic Capital Management sent a letter to CEO Evan Spiegel ...
In this article SNAP UBER META XYZ Follow your favorite stocks CREATE FREE ACCOUNT Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty Images Shares of Snap climbed 13% Tuesday after shareholder Irenic Capital Management sent a letter to CEO Evan Spiegel outlining changes that could increase the stock's value by almost 600%. "Snap should not continue doing what it has been doing. It's not working," Irenic wrote in its letter, published on savesnapnow.com alongside a presentation of recommendations. According to the letter, Irenic Capital manages about $2.5 billion in assets and owns about 2.5% of Snap's Class A shares . The recommendations, titled "6 Steps to 7X," aim to increase Snap's stock price from $3.93 to over $26 per share. Irenic's recommendations include shutting down or spinning off Specs, the company's augmented reality glasses unit. The unit was announced to be a wholly owned subsidiary of Snap in January. Referencing previous layoffs from Uber , Meta and Block , Irenic said Snap should use artificial intelligence more heavily to cut 1,000 employees, or 21% of its workforce. "AI can and should replace many existing roles," Irenic wrote under 'rationalize costs,' the company's second recommendation. Read more CNBC tech news Nebius unveils plans to build one of Europe's largest AI factories as region scrambles for compute Micron shares have cratered 30% since the memory maker reported blowout earnings Delaware judge reassigns Elon Musk cases after accusation of bias Palo Alto shares pop as CEO Nikesh Arora buys stock for first time in years "Snap welcomes input from all shareholders and regularly engages with investors on strategy, capital allocation, and governance," Snap chairman Michael Lynton told CNBC in a statement. "We've taken steps to improve performance, strengthen free cash flow, and offset dilution, a...
ismagilov Shares of Marvell Technology ( MRVL ) surged 11.3% Tuesday afternoon following NVIDIA’s ( NVDA ) announcement of a $2B investment and an expanded strategic partnership. The collaboration will integrate Marvell’s capabilities into NVIDIA’s AI infrastructure ecosystem through NVLink Fusion, reinforcing Marvell’s positioning within next-generation data center architecture. The move also lif...
ismagilov Shares of Marvell Technology ( MRVL ) surged 11.3% Tuesday afternoon following NVIDIA’s ( NVDA ) announcement of a $2B investment and an expanded strategic partnership. The collaboration will integrate Marvell’s capabilities into NVIDIA’s AI infrastructure ecosystem through NVLink Fusion, reinforcing Marvell’s positioning within next-generation data center architecture. The move also lifted a broad range of exchange-traded funds with meaningful exposure to Marvell Technology. ETFs such as the Direxion Daily MRVL Bull 2X ETF ( MRVU ) and several semiconductor-focused funds posted notable gains as the stock rallied. Marvell remains widely held across the ETF landscape, with 292 funds collectively owning roughly 145.6M shares, underscoring its growing importance within AI-driven investment themes. Outlined below are the 10 ETFs with the largest portfolio allocations towards shares of MRVL: Direxion Daily MRVL Bull 2X ETF ( MRVU ), 10.73% allocation. Fidelity Disruptive Technology ETF ( FDTX ), 5.63% allocation. iShares MSCI Global Sustainable Development Goals ETF ( SDG ), 5.11% allocation. U.S. Global Technology and Aerospace & Defense ETF ( WAR ), 5.07% allocation. iShares Semiconductor ETF ( SOXX ), 5.04% allocation. Invesco PHLX Semiconductor ETF ( SOXQ ), 5.03% allocation. VanEck Fabless Semiconductor ETF ( SMHX ), 4.99% allocation. First Trust Nasdaq Semiconductor ETF ( FTXL ), 4.94% allocation. TCW Transform Systems ETF ( PWRD ), 4.91% allocation. iShares Future AI & Tech ETF ( ARTY ), 4.88% allocation. More on markets Treasury yields surge in March, posting the biggest monthly jump since 2024 Wells Fargo lowers its year-end S&P 500 target from 7,800 to 7,300 S&P 500 is on pace for its worst month since 2022 as broad selloff deepens Selling pressure intensifies as now nearly 300 of the S&P 500 names trade lower in 2026 Recession odds in 2026 jump to nearly 40% on prediction markets
Iran’s Islamic Revolutionary Guard Corps issued a warning to several major international corporations, alleging their involvement in operations conducted by the U.S. and Israel against Iran and said they would be treated as “legitimate targets.” The Revolutionary Guard on Tuesday accused companies including Apple, Oracle, Palantir, Microsoft, Alphabet and JPMorgan Chase of contributing to the plan...
Iran’s Islamic Revolutionary Guard Corps issued a warning to several major international corporations, alleging their involvement in operations conducted by the U.S. and Israel against Iran and said they would be treated as “legitimate targets.” The Revolutionary Guard on Tuesday accused companies including Apple, Oracle, Palantir, Microsoft, Alphabet and JPMorgan Chase of contributing to the planning and execution of attacks that resulted in the deaths of Iranian citizens. In what it labeled “Statement No. 51,” the Revolutionary Guard asserted American information and communications technology and artificial intelligence firms play a central role in identifying and tracking targets.
An online government portal to provide refunds on tariffs struck down by the US Supreme Court will handle claims for about 63% of 53 million import entries at issue when it first launches, according to a new court filing. A Trump administration official with US Customs and Border Protection told a judge in a declaration submitted Tuesday that the government won’t be able to process refund demands ...
An online government portal to provide refunds on tariffs struck down by the US Supreme Court will handle claims for about 63% of 53 million import entries at issue when it first launches, according to a new court filing. A Trump administration official with US Customs and Border Protection told a judge in a declaration submitted Tuesday that the government won’t be able to process refund demands for the remaining one-third of entries right away, and didn’t offer a specific time frame for rolling out later phases. The agency has previously told a judge on the US Court of International Trade that the US is working to have the first phase of the new refund system ready by mid-April. Read More: Judge Orders US to Stop Calculating Importers’ IEEPA Tariffs The government has estimated that importers paid more than $166 billion in tariffs under President Donald Trump’s executive orders that a majority of justices declared unlawful in February. Officials have committed to paying interest on any refunds as well. The first phase of the administration’s refund process will be able to accept claims for tariffs that haven’t become final yet, according to the government. Tariffs typically become “final” more than a year after goods enter the country, although so-called “informal” tariffs for low-value shipments can reach that status sooner. Lawyers for companies that paid Trump’s contested tariffs recently raised concerns in court about refund delays for these “final” duties. The lawyers said that more import entries will keep automatically hitting the final stage unless companies file protests — a potentially costly and time-consuming enterprise, they argued. The US trade court has put Judge Richard Eaton in charge of managing the tariff refund litigation. Earlier this month, Eaton ordered the government to begin the process of recalculating tariffs to remove the levies struck down by the Supreme Court, but his initial rulings didn’t cover “final” tariffs. After companies raise...
Amazon stock is down about 11% year-to-date, but Wall Street is starting to lean more bullish again. The shift comes as AWS growth reaccelerates, driven by strong demand for AI workloads. At the same time, Amazon’s advertising business continues to scale into a larger profit driver, giving the ...
Amazon stock is down about 11% year-to-date, but Wall Street is starting to lean more bullish again. The shift comes as AWS growth reaccelerates, driven by strong demand for AI workloads. At the same time, Amazon’s advertising business continues to scale into a larger profit driver, giving the ...
Many countries in Europe have called the conflict illegal, with some blocking Israeli and US planes from moving weapons through their airspace Donald Trump has launched a tirade against European countries that refused to join his war against Iran, calling out the UK and France, as transatlantic relations soured from the spiralling conflict that has wreaked havoc on the global economy. On his Truth...
Many countries in Europe have called the conflict illegal, with some blocking Israeli and US planes from moving weapons through their airspace Donald Trump has launched a tirade against European countries that refused to join his war against Iran, calling out the UK and France, as transatlantic relations soured from the spiralling conflict that has wreaked havoc on the global economy. On his Truth Social website, the US president told governments worried about fuel prices to “go get your own oil” by force from the Gulf, comments that sent oil prices even higher. Continue reading...
Alphabet stock under the microscope Alphabet (GOOGL) has seen its share price retreat in the past month and past 3 months, with returns of 12.27% and 12.62% declines respectively. This has prompted investors to reassess the current setup. See our latest analysis for Alphabet. The recent 13.22% year to date share price decline, alongside 12.27% and 12.62% share price declines over the past month an...
Alphabet stock under the microscope Alphabet (GOOGL) has seen its share price retreat in the past month and past 3 months, with returns of 12.27% and 12.62% declines respectively. This has prompted investors to reassess the current setup. See our latest analysis for Alphabet. The recent 13.22% year to date share price decline, alongside 12.27% and 12.62% share price declines over the past month and quarter, contrasts sharply with Alphabet's 1 year total shareholder return of 74.73% and 3 year...
Tiger Woods had two hydrocodone pills in his pocket as officers observed him acting "lethargic and slow" following his car crash in Florida last week, a police report says.
Tiger Woods had two hydrocodone pills in his pocket as officers observed him acting "lethargic and slow" following his car crash in Florida last week, a police report says.
Investors made an understandable knee-jerk decision that then took on a life of its own. But this company's bigger-picture bullish thesis is still perfectly intact.
Investors made an understandable knee-jerk decision that then took on a life of its own. But this company's bigger-picture bullish thesis is still perfectly intact.
IURII KRASILNIKOV/iStock via Getty Images By Stacey Morris, CFA As oil looks poised to notch its largest monthly gain ever amid the war in Iran, energy stocks have been the main bright spot in a tough tape, leading all other sectors by a landslide. To be fair, the energy benchmark was already up 25% before the war began and oil prices skyrocketed. Year-to-date through March 27, energy is up just o...
IURII KRASILNIKOV/iStock via Getty Images By Stacey Morris, CFA As oil looks poised to notch its largest monthly gain ever amid the war in Iran, energy stocks have been the main bright spot in a tough tape, leading all other sectors by a landslide. To be fair, the energy benchmark was already up 25% before the war began and oil prices skyrocketed. Year-to-date through March 27, energy is up just over 40% on a total return basis, while the S&P 500 is down 6.7% for the period. Following a month of war, it is time to revisit the implications for energy markets. The key variables for energy discussed at the onset of the war were: 1) how long the Strait of Hormuz would be closed; and 2) how much damage would be done to energy infrastructure in the region. The outcomes for both have likely been worse than initially feared. This note discusses some of the key developments in liquefied natural gas (LNG), oil, and liquefied petroleum gas (LPG) markets in recent weeks, as well as the medium-term implications of the war for North American midstream. Liquefied Natural Gas: Qatari Exports Possibly Hampered for 3-5 Years While the closure of the Strait of Hormuz has restricted LNG flows, Iranian attacks on a key export facility in Qatar are set to have longer-term impacts. According to reports , the damage will take 3–5 years to repair, keeping 12.8 million tons per annum (MTPA) or ~1.7 billion cubic feet per day (Bcf/d) offline. Qatar is the second-largest LNG exporter globally, and the damaged assets represent 17% of its capacity. For context, the U.S. exported 14.6 Bcf/d in 2025 ( read more ). The disruption to LNG flows and asset damage ultimately makes North American LNG relatively more attractive for global buyers in the long run. That stands to benefit established players like Cheniere ( LNG ) and Venture Global ( VG ) that can continue to add capacity over time. Cheniere and VG each have potential expansions of over 40 MTPA and 30 MTPA , respectively, that have not yet re...
Zscaler (NASDAQ: ZS) was one of the market's hottest cybersecurity stocks, reaching an all-time high of $368.78 per share on Nov. 19, 2021. But today, it trades at about $139. Zscaler's stock initially lost its luster as its growth cooled, but macro headwinds -- including rising interest rates and geopolitical conflicts -- further compressed its valuation. Yet after that steep sell-off, Zscaler's ...
Zscaler (NASDAQ: ZS) was one of the market's hottest cybersecurity stocks, reaching an all-time high of $368.78 per share on Nov. 19, 2021. But today, it trades at about $139. Zscaler's stock initially lost its luster as its growth cooled, but macro headwinds -- including rising interest rates and geopolitical conflicts -- further compressed its valuation. Yet after that steep sell-off, Zscaler's stock might be a good contrarian play for patient investors. Image source: Getty Images. Continue reading
So long, Sora -- we hardly knew ya -- and while we're on the subject -- hello Veo! Earlier this week, artificial intelligence pioneer OpenAI announced it's shutting down its Sora video generation project to cut costs and conserve computing power for more business-focused projects, which it hopes to sell to paying corporate clients. No sooner did Sora fall down, though, than Alphabet (NASDAQ: GOOG)...
So long, Sora -- we hardly knew ya -- and while we're on the subject -- hello Veo! Earlier this week, artificial intelligence pioneer OpenAI announced it's shutting down its Sora video generation project to cut costs and conserve computing power for more business-focused projects, which it hopes to sell to paying corporate clients. No sooner did Sora fall down, though, than Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) came up and kicked it. Alphabet stock is up 4% at 1 p.m. ET. Continue reading
May WTI crude oil (CLK26 ) today is up +0.91 (+0.88%), and May RBOB gasoline (RBK26 ) is up +0.0178 (+0.56%). Crude oil and gasoline prices are moving higher today, with crude oil posting a 3-week high after President Trump said he is willing to end the US military campaign...
May WTI crude oil (CLK26 ) today is up +0.91 (+0.88%), and May RBOB gasoline (RBK26 ) is up +0.0178 (+0.56%). Crude oil and gasoline prices are moving higher today, with crude oil posting a 3-week high after President Trump said he is willing to end the US military campaign...
PeopleImages/iStock via Getty Images Strategy ( MSTR ) stock, which is down by about 10% since my last analysis of the company, is ripe for accumulation upon my further analysis. Since my February 3 piece, I have taken much more time to deep dive into Bitcoin ( BTC ) and what I believe is the best overall way to own exposure to the cryptocurrency: through MSTR. Some people reading might think I wa...
PeopleImages/iStock via Getty Images Strategy ( MSTR ) stock, which is down by about 10% since my last analysis of the company, is ripe for accumulation upon my further analysis. Since my February 3 piece, I have taken much more time to deep dive into Bitcoin ( BTC ) and what I believe is the best overall way to own exposure to the cryptocurrency: through MSTR. Some people reading might think I was handed money on a platter; it's not true. I have been building from zero. When you start at zero, you need to look for convexity. Your claim to leadership will not be granted to you by mediocrity. It will be granted by strategy. And most of all, by meritocracy. After my extensive research into BTC sentiment dynamics, institutional adoption, and mNAVs, and with a little help from some experts in the field, I have concluded that BTC and MSTR are currently far more attractive than gold. And the great part about BTC is that only sentiment masters can trade it with near-perfection. Old-school resource analysts will find themselves drowned in the volatility. The Strategy You probably want me to hand it all to you on a platter, too. But I'm not going to do that. Instead, I will leave clues. It's not as complicated as it seems. You see, with BTC, we are not analyzing a company, so we do not need to locate the discounted value of future cash flows. There is no pure intrinsic value here. So, value investors (which I am in my other portfolio personalities) often balk. "How can anyone in their right mind own something as baseless and worthless as Bitcoin?" Answer: That's why you'll never make the 500% return in 24 months from MSTR stock. MSTR One-Week-Intervals Price Chart (Author's Chart) MSTR's mNAV , which is its enterprise value divided by Bitcoin NAV, is currently 1.16. The enterprise value is likely to reach 3x its underlying BTC NAV in the next bull cycle. Last cycle, it hit 4x at the peak. I admit, MSTR stock is something you need to watch closely. Have it open on your screen...
US crude prices quickly declined on increasing speculation that the war in Iran is headed toward an end. West Texas Intermediate futures fell about 1% to trade just under $102 a barrel. The move came after IRNA reported Iran’s president is ready to end the war while reiterating the country’s demands. Prices earlier rose by more than 3%.
US crude prices quickly declined on increasing speculation that the war in Iran is headed toward an end. West Texas Intermediate futures fell about 1% to trade just under $102 a barrel. The move came after IRNA reported Iran’s president is ready to end the war while reiterating the country’s demands. Prices earlier rose by more than 3%.
Shares in gold miner SSR Mining (NASDAQ: SSRM) rose by 8% by 12 a.m. today. The move comes as gold prices spiked, but investors shouldn't lose sight of the fact that equity markets did so as well. In addition, investors are warming to the company's management, recently signing a definitive share purchase agreement to sell a 80% stake in a mine in Turkey for $1.5 billion in cash. Few investors will...
Shares in gold miner SSR Mining (NASDAQ: SSRM) rose by 8% by 12 a.m. today. The move comes as gold prices spiked, but investors shouldn't lose sight of the fact that equity markets did so as well. In addition, investors are warming to the company's management, recently signing a definitive share purchase agreement to sell a 80% stake in a mine in Turkey for $1.5 billion in cash. Few investors will complain about a higher share price. Still, there's one thing to consider here: correlation. As recently discussed , a lot of speculative money has flowed into gold and silver over the last couple of years, which is likely why gold is often trading in line with the markets this year. Image source: Getty Images. Continue reading
The Aqara G350 is the first camera you can buy that supports Matter. | Photo by Jennifer Pattison Tuohy / The Verge The Connectivity Standards Alliance (CSA) released Matter 1.5.1 today , building upon the camera and video doorbell support added as part of the Matter 1.5 update last November . Although 1.5.1 is a minor update, it brings several improvements that will benefit both end users and com...
The Aqara G350 is the first camera you can buy that supports Matter. | Photo by Jennifer Pattison Tuohy / The Verge The Connectivity Standards Alliance (CSA) released Matter 1.5.1 today , building upon the camera and video doorbell support added as part of the Matter 1.5 update last November . Although 1.5.1 is a minor update, it brings several improvements that will benefit both end users and companies making these types of devices. The most notable update is more efficient camera streaming that will help reduce bandwidth demands when multiple people or systems are accessing the same feed. With Matter 1.5.1, cameras can simultaneously deliver multiple video streams with quality settings tailored to what it's being used for. A video recorder would get a hi … Read the full story at The Verge.