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Stocks drop after Trump ramps up new tariffs and investors dump potential AI losers
PBS News· 2026-02-23 22:07
NEW YORK (AP) — U.S. stocks slumped Monday after President Donald Trump ramped up his newest tariffs, while investors continued to punish companies that could be losers in the artificial-intelligence revolution.READ MORE: Trump increases global tariffs to 15% after Supreme Court decisionThe S&P 500 fell 1% after Trump said on Saturday that he would place temporary 15% tariffs on other countries. That's up from the 10% rate he announced Friday following a Supreme Court ruling that struck down his sweeping "r ...
INVESTOR ALERT: Navan, Inc. Investors with Substantial Losses Have Opportunity to Lead the Navan Class Action Lawsuit – RGRD Law
Globenewswire· 2026-02-23 21:59
Core Viewpoint - The Navan class action lawsuit alleges that Navan, Inc. and its executives misled investors regarding the company's financial health and future expenses during its IPO, leading to significant stock price declines after the IPO [1][3][4]. Company Overview - Navan, Inc. operates an AI-powered software platform aimed at simplifying travel and expense management for users, customers, and suppliers [2]. IPO Details - Navan conducted its IPO on October 31, 2025, issuing nearly 37 million shares at an offering price of $25.00 per share [2]. Allegations of Misleading Information - The lawsuit claims that the IPO offering documents were materially false or misleading, particularly regarding a 39% increase in sales and marketing expenses shortly after the IPO, which was necessary to sustain revenue growth [3]. Financial Impact - On December 15, 2025, Navan reported a significant increase in sales and marketing expenses to nearly $95 million, up from $68.5 million in the previous quarter, which contributed to a nearly 12% drop in stock price following the announcement [4]. - By the time the lawsuit commenced, Navan's stock price had fallen to as low as $9.20 per share, representing a decline of nearly 63% from the IPO price [5]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased Navan common stock during the IPO to seek appointment as lead plaintiff in the class action lawsuit, representing the interests of all class members [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone, marking its fourth 1 ranking in the past five years [7].
Stocks Fall as Software Weakness, Tariff Risks Weigh | Closing Bell
Youtube· 2026-02-23 21:41
And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Cristina Aquino here to take you through to that closing bell. It's a global simulcast.Carol Massar joins us from the radio room. Emily Graffeo by our side to understand Avec and Katie Greifeld have the day off. Welcome to our audiences across all of our Bloomberg platforms, television, radio and our partnership with You Tube on a monday that I think a lot of investors Carol Massar would like to forget.Yeah, exact ...
Something Rare Is Happening In Emerging Markets – And You Are Still Missing It - iShares MSCI Emerging Index Fund (ARCA:EEM), iShares MSCI Peru and Global Exposure ETF (ARCA:EPU)
Benzinga· 2026-02-23 21:06
While U.S. software stocks wobble under the weight of AI disruption and the S&P 500 grinds sideways, something quite rare is unfolding beneath the surface of global markets.Emerging markets are quietly having a moment we haven't seen in decades.The iShares MSCI Emerging Markets ETF (NYSE:EEM) has just posted nine consecutive weekly gains — its longest winning streak since 2005, the peak of the last major emerging market leadership cycle. A 10-week winning streak — which could be achieved by the end of this ...
Oracle Corporation Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before April 6, 2026 to Discuss Your Rights – ORCL
Globenewswire· 2026-02-23 20:57
NEW YORK, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Oracle Corporation ("Oracle" or the "Company") (NYSE: ORCL) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Oracle investors who were adversely affected by alleged securities fraud between June 12, 2025 and December 16, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/oracle-corporation-lawsuit-su ...
Play the ‘SaaS Apocalypse’ Selloff in Palantir Stock With This 1 Winning, Protective Options Trade
Yahoo Finance· 2026-02-23 20:02
Palantir (PLTR) shares have cratered 26% in 2026. And they’ve corrected a menacing 39% since November. But don’t fear an end-of-days situation for PLTR stock. Exploit it with a bullish married put spread. If misery loves company, PLTR stock is far from alone. A risk-off trade in software-as-a-service or “SaaS” stocks has taken Wall Street by storm. More News from Barchart There’s extreme worry that AI agents are displacing traditional layered or “seat-based” software subscriptions and are set to render ...
US stocks drop amid uncertainty over Trump's tariff plans
New York Post· 2026-02-23 19:51
Group 1: Market Reaction to Tariff Changes - US stocks experienced a significant decline following the Supreme Court's cancellation of a key part of President Trump's tariff policy, with the Dow Jones Industrial Average dropping 800 points, or 1.6% [1] - The S&P 500 and Nasdaq Composite also fell by 1.2% and 1.3%, respectively, as investors reacted to the renewed trade tensions and potential AI losers [1][6] - The dollar slightly dipped, while gold prices increased by $100 to $5,226.90, indicating a shift towards safe-haven assets amid market uncertainty [4] Group 2: Impact of New Tariffs - President Trump announced a new 15% global tariff under Section 122, following the Supreme Court's ruling that eliminated broad import taxes [2][3] - This new tariff policy has raised concerns among global partners, leading the EU to pause the approval of a recent trade deal with the US [3] - Economists from Goldman Sachs noted that much of the trade disruption had already been factored into major companies' operations, suggesting limited immediate impact on business investment [5][9] Group 3: Sector-Specific Performance - AI-related stocks faced significant losses, with CrowdStrike falling 8.4% and AppLovin dropping 8.2%, as fears grew over competition from new AI technologies [6][7] - Major airline stocks also declined due to adverse weather conditions, with United, American, and Delta falling by 4.8%, 4.5%, and 3.5%, respectively [6] Group 4: Economic Outlook - The 10-year Treasury bill borrowing rate decreased to 4.03% from 4.08%, reflecting a shift in sentiment regarding future interest rate decisions [8] - Goldman Sachs' research indicated that the effects of tariffs on inflation and growth remain largely unchanged, with most of the cost passthrough to consumer prices having already occurred prior to the Supreme Court ruling [10]
Microsoft (MSFT) Positions for Long-Term AI and Enterprise Growth
Yahoo Finance· 2026-02-23 19:49
Microsoft Corporation (NASDAQ:MSFT) is one of Goldman Sachs’s top growth stock picks. On February 18, Microsoft Corporation (NASDAQ:MSFT) and CrowdStrike announced that the CrowdStrike Falcon cybersecurity platform is now available for purchase on Microsoft Marketplace. Customers can now apply existing Microsoft Azure Consumption Commitment (ACC) toward those purchases. Microsoft (MSFT) Positions for Long-Term AI and Enterprise Growth Source: Pexels Microsoft said the marketplace availability is designe ...
Salesforce Inc (CRM) Expands AI Capabilities With Momentum Acquisition
Yahoo Finance· 2026-02-23 19:49
Salesforce Inc. (NYSE:CRM) is one of the AI stocks that will go to the moon. On February 18, Salesforce Inc. (NYSE:CRM) entered into an agreement to acquire Momentum. The acquisition of the conversational insights and revenue orchestration platform will extend Agentforce 360 and Slackbot abilities to ingest and analyze unstructured data from third-party voice and video channels. Salesforce Inc (CRM) Expands AI Capabilities With Momentum Acquisition Salesforce plans to merge Momentum’s universal ingestion ...
ServiceNow Inc (NOW) Expands AI Strategy With Key Acquisitions
Yahoo Finance· 2026-02-23 19:49
ServiceNow Inc (NYSE:NOW) is one of the AI stocks that will go to the moon. On February 12, ServiceNow Inc (NYSE:NOW) announced the acquisition of Pyramid Analytics. The acquisition of the unified AI-powered business analytics and data science platform is part of the company’s bid to develop solutions that help organizations turn data into action. ServiceNow Inc (NOW) Expands AI Strategy With Key Acquisitions Kritchanut/Shutterstock.com Pyramid Analytics’ acquisition comes on the heels of its acquisitio ...