Author: Press Room

Check out the companies making the biggest moves premarket: Zscaler — Shares tumbled more than 23% after the cloud security company guided for current-quarter revenue of between $875 million to $878 million, falling short of the $879 million analysts were seeking, per LSEG. However, the company’s fiscal third-quarter adjusted earnings of $1.08 per share beat forecasts of $1.01 per share, while its $850 million revenue also exceeded the $835 million consensus estimate. Palo Alto Networks , CrowdStrike — The two cybersecurity stocks tumbled as Zscaler’s earnings brought down some of its peers with it. Palo Alto was off 4%, while…

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Stanley Druckenmiller just made a few portfolio moves that Wall Street is watching rather closely.The billionaire founder of Duquesne Family Office – widely regarded as the most influential active money manager since Warren Buffett’s retirement – has completely exited his position in Alphabet and piled into five AI hardware stocks instead.His latest 13F filing, covering holdings as of March 31st, reveals a bet on the physical infrastructure that powers artificial intelligence (AI), not the software giants who ride it.Names Druckenmiller has invested in include SanDisk, Micron, Seagate, Broadcom, and Arm.Why Druckenmiller walked away from Google stockDuquesne has offloaded its entire…

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President Trump will kick off the Great American State Fair in Washington, D.C, after several of the musical guests this week pulled out of the event, which has been described as a birthday bash to celebrate America’s 250th anniversary.Freedom 250, the organization behind the event, said Saturday that Mr. Trump will kick off the event on June 24 in an opening ceremony.  “As the visionary behind the Great American State Fair, we are excited to announce that President Trump will personally kick off this historic celebration on Wednesday, June 24 in an opening ceremony celebrating America’s 250th birthday,” said Danielle Alvarez,…

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Don’t fight the tape. That’s the message from strategists at Piper Sandler on Friday morning, and you know what, it’s hard to argue with their take. “The market’s price action continues to remind us of a simple mantra from the movie Maverick— ‘Don’t Think, Just Do,'” they wrote. “The primary trends are firmly bullish, rewarding investors who avoid over-analyzing the macro noise and instead follow the tape’s leadership. By sticking with momentum leaders and avoiding laggards, investors are capturing the market’s grind into new highs.” Importantly, in many cases, the winners are winning thanks to earnings, not simply multiple expansion. Take…

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NEWYou can now listen to Fox News articles! Novak Djokovic may have been enjoying the start of his third-round match against Brazilian Joao Fonseca, but that changed when one French Open cameraman got too close for his liking.A shot during the match went viral when Djokovic snapped at the cameraman who was right in the tennis star’s face in between sets at Court Philippe-Chatrier in Paris on Friday during French Open play.The cameraman decided to move in for a close shot after Djokovic won his second straight set over 19-year-old Fonseca, 6-4, but the Serbian legend was quick to stop…

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SINGAPORE: ASEAN member states are set to sign a landmark regional digital economy agreement at the 47th ASEAN Summit in November after concluding negotiations on the pact this week.The Ministry of Trade and Industry (MTI) said on Sunday (May 31) that Singapore welcomes the successful conclusion of negotiations on the ASEAN Digital Economy Framework Agreement (DEFA) at the Second Meeting of the 57th ASEAN Senior Economic Officials Meeting in Manila from May 27 to May 29.It will be ASEAN’s first comprehensive, region-wide agreement dedicated to the digital economy, aimed at strengthening digital connectivity and integration among ASEAN Member States.”The ASEAN…

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