Fitch downgrades U.S. credit rating, AMD's AI chip plans - what's moving markets
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StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Evercore cuts PayPal (PYPL) to In Line on margin pressure
August 4, 2023 1:50 PM EDTEvercore ISI downgraded PayPal (NASDAQ: PYPL) to an In Line rating (From: Outperform) and cut their 12-month price target on the stock to $65.00 (From $85.00) based on a 2024 target price-to-earnings (PE) ratio of 12, down from 15.
The financial tech and payments company released their 2@ earnings... More
Yum! Brands (YUM) slides despite profit beat
August 2, 2023 8:56 AM EDTYum! Brands (NYSE: YUM) shares are down premarket Wednesday despite topping second-quarter earnings expectations.
The fast food company, which owns the likes of KFC and Taco Bell, reported earnings of $1.41 per share, $0.17 better than the analyst consensus estimate of $1.24.
YUM shares... More
