Etsy Faces Headwinds as Rising Gas Prices Hit Discretionary Spending
Oppenheimer lowers Etsy’s first-half sales estimates due to higher gas prices and plateauing buyers. Shares fall sharply.
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Circle Stock Drops as Clarity Act Limits Stablecoin Rewards
Circle Internet stock plunged after the latest Clarity Act draft banned rewards on stablecoin balances. Narrow yield rules spark sell-off.
Big Change at NASA: Lunar Gateway Paused, Moon Surface Base Now Priority – LUNR Falls
NASA shifts focus from Lunar Gateway to a Moon surface base. Intuitive Machines shares fall over 13% as the agency accelerates plans for sustained lunar presence.
Omnicom Orders Independent Audit of The Trade Desk After Publicis Fee Controversy
Omnicom has commissioned a third-party audit of The Trade Desk following Publicis’ claims of hidden fees.
FCC Bans New Foreign-Made Wi-Fi Routers Over Security Risks
The FCC has banned imports of all new foreign-produced Wi-Fi routers citing national security threats. What it means for TP-Link, Netgear, your home Wi-Fi and future router purchases.
Costco Challenges Celsius with New Kirkland Energy Drink
Costco’s new Kirkland Signature Sparkling Energy Drink closely mimics Celsius, with similar can size, caffeine content, and flavors. Stifel notes that this caused CELH stock to drop but sees only a near-term risk and maintains a Buy rating.