Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Affle to Acquire Perion Network in $420 Million All-Cash Deal to Expand CPCU Business
Affle's Israel-based subsidiary agreed to acquire Perion Network for about $420 million in cash at $11.70 per share, with a 40-day go-shop period running to December 11, 2026.
OPay Halts $304 Million U.S. IPO Hours Before Scheduled NYSE Debut Amid Regulatory Inquiry
OPay halted its $304 million U.S. IPO hours before its scheduled NYSE debut, citing a regulatory inquiry, after mutually terminating the underwriting agreement dated October 29, 2026.
OpenAI Trims Funding Round Target by $10 Billion Amid Tech Stock Selloff, FT Reports
OpenAI has cut its latest funding round target by $10 billion to about $20 billion amid a tech stock selloff, with its targeted valuation reduced to $1.25 trillion, according to a Financial Times report cited by CNBC and Seeking Alpha.
Binance Says It Has Replenished 90% of Assets Stolen in Record $6.3 Billion Hack
Binance says it has replenished 90% of the roughly $6.3 billion stolen in a record hack using company funds, with Co-CEO Richard Teng pledging to cover the rest.
AI-Spending Fears Spark Broad Tech Selloff as Nasdaq Posts Worst Day Since June, Semiconductors Lead Losses
A tech-led selloff sent the Nasdaq Composite down 2.86% to 25,437.00 — its worst day since June — as semiconductors slid, with Intel off almost 29% and AMD down close to 11%, CNBC and Seeking Alpha reported, amid growing scrutiny of AI spending and debt at providers like CoreWeave.
Meta Settles With Second Teen Plaintiff, Leaving Snap Alone to Face Social-Media-Addiction Trial
Meta has settled with a second teen plaintiff, K.D.B., days after jury selection began in a bellwether social-media-addiction trial, leaving Snap as the sole remaining defendant, according to CNBC and the New York Post.
Stock Market Today: Energy Leads While S&P 500 Slips
Energy led the session while the S&P 500 slips. See the validated market scorecard, sector performance, and what traders are watching next.
AbbVie Raises 2026 EPS Guidance to $13.95-$13.99 as Skyrizi and Rinvoq Fuel Q3 Beat, Dividend Hiked 5.2%
AbbVie raised full-year 2026 adjusted EPS guidance to $13.95-$13.99 and hiked its quarterly dividend 5.2% to $1.82 per share, citing Skyrizi and Rinvoq momentum alongside a smaller IPR&D expense impact than a year earlier.
Global Payments Completes $24.25 Billion Worldpay Acquisition, Divests Issuer Solutions to FIS
Global Payments has completed its $24.25 billion acquisition of Worldpay from FIS and GTCR and divested Issuer Solutions to FIS for $13.5 billion, becoming a pure-play commerce solutions provider.
Starbucks U.S. Comparable Sales Rise 7.7%, Topping Estimates, as China Conversion Weighs on International Revenue
Starbucks' fiscal Q4 2026 results show U.S. comparable sales up 7.7%, beating estimates, while International segment revenue fell 37% on the China licensed joint-venture conversion, with management citing momentum into fiscal 2027.
Reddit's Revenue Surges 53% in Q3, But Weak Q4 Outlook and Login Mandate Rattle Investors
Reddit's Q3 revenue rose 53% and beat estimates, but soft Q4 guidance and a planned mandatory login requirement tied to falling search referrals sent shares down more than 15%.
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