Cango (CANG) suffered a $452.8M loss in its first year mining Bitcoin. The company is now pivoting to AI as EcoHash after selling $305M in BTC.
Gold holds near $5,000 ahead of Fed meeting. Markets expect no rate change, but Powell’s guidance on future cuts could determine gold’s next move.
General Mills stock falls after Q3 earnings miss expectations at 64 cents per share and organic sales decline 3%, reaffirming weak full-year outlook.
Citi upgrades Netflix stock to Buy with $1,115 target. Three catalysts: margin expansion, Q4 2026 US price hike, and increased buyback potential.
Alibaba stock climbs 4.2% after announcing AI chip price hikes up to 34%, launching Wukong platform, and establishing Token Hub AI business unit.
Palladyne AI stock jumped 13% after GuideTech won a U.S. Navy contract to develop the ALRRM near-hypersonic missile capable of Mach 4.0+ speeds.
Macy’s stock soars 9% after beating Q4 earnings estimates with $1.67 EPS. However, full-year guidance disappoints as tariff risks loom over 2026 outlook.