Investors have plenty of news to sink their teeth into today, despite the stock market being closed for the Juneteenth holiday. Luckily, TipRanks is ready with all of the hottest stock market stories and headlines for Thursday.
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- Microsoft (MSFT) layoffs build on a worrying AI trend that will likely continue to worsen.
- CarMax (KMX) is set to report earnings tomorrow, and we have the latest details on what to expect.
- BYD (BYDDY) stock dropped after Brazil expansion plans were met with backlash.
- SoFi Technologies (SOFI) stock extended strong year-to-date gains with a rally.
- Stellantis (STLA) announced a recall following a deadly crash.
- Morgan Stanley analysts have doubled down with a bullish position on Meta Platforms (META) stock.
- Visa (V) stock dropped yesterday following new stablecoin legislation.
- The Federal Reserve refused to cut interest rates again and may not do so until late into 2025.
- Elon Musk’s X is reportedly working on financial trading and services that will launch soon.
- SoundHound AI (SOUN) is a top stock and we have deep insight into who owns the shares.
- Kroger (KR) is expected to report earnings tomorrow, and we have what investors need to know ahead of that.
- President Donald Trump has backed an $8 billion merger deal between Skydance Media and Paramount Global (PARA).
- Tesla (TSLA) may be delayed from launching its robotaxi service and this could negatively affect its stock.
- Switzerland’s central bank has lowered its interest rates to 0%.
- Nintendo (NTDOF) saw over 2,800 Switch 2 game consoles stolen in a heist.
- Circle (CRCL) stock has undergone a massive rally since going public.
- Elon Musk’s SpaceX saw one of its rockets explode during a flight last night.
- Walmart (WMT) and Kroger recalled certain meals following three deaths.
- New reports claim Microsoft may withdraw from negotiations with ChatGPT maker OpenAI.
- Aurora Cannabis (ACD) has denied reports of a $215 million acquisition and a new partnership.
- Warner Bros’ (WBD) game division announced leadership changes as it switches focus to core series.
Read more of the biggest stock market stories at TipRanks!