CognitMarket market news, portfolio research, and investor insights

Allegiant Travel Company (NASDAQ:ALGT) reported this week that its subsidiary, Allegiant Air, LLC, has exercised options to purchase six Boeing 737-8 aircraft under its existing 2021 purchase agreement with The Boeing Company. The agreement, documented in supplemental agreements signed October 19, 2026, brings Allegiant’s firm order total with Boeing to 56 aircraft, with 22 already delivered as of Friday. The six newly ordered aircraft are scheduled for delivery in 2028. The list price for these

Oct 23 (Reuters) - Allegiant Air said on Friday it had exercised options to buy six Boeing 737-8 aircraft under a 2021 purchase agreement with the planemaker.

The jets, scheduled for delivery in 2028, have a combined list price of more than $720 million, the company said.

Allegiant has 56 firm aircraft under the agreement, including 22 already delivered, while purchase options remain for another 74 jets.

Based on delivery year, the estimated market value of the planes is about $351 million, a

In this article

Investors ran for cover this week as fears surrounding artificial intelligence spending and higher oil prices both hit stocks, driving the yield on the 10-year U.S. Treasury note below 5%.

The benchmark yield remained just under 5% on Friday, after falling beneath that level Thursday for the first time in a month, as investors continued to express misgivings over the massive debt tech companies are taking on to finance their build-out of AI networks.

The magnitude of Thursday’

In this article

Even after another bond market rout Friday, investors are turning their attention toward Treasurys, anticipating that yields may be topping out.

The benchmark 10-year note spent the day flirting with the psychologically important 5% level as oil prices surged and a fresh consumer survey showed that inflation expectations remain a good distance above the Federal Reserve’s 2% goal.

Still, some market participants see reason for hope in a market bludgeoned this year over worries

Investing.com -- Markets are becoming increasingly unwilling to fund the buildout of AI infrastructure, Bank of America argues, flagging a sharp rotation in European equities and warning of further downside for stocks.

"Since early October, there have been increasing signs that markets are becoming less willing to fund the AI infrastructure build-out," BofA analysts said, pointing to AI data center developer Firmus withdrawing its planned initial public offering (IPO) due to weak demand.

CoreW

In this article

Kazakhstan may not be the first place that comes to mind when thinking about the global artificial intelligence boom, but several Big Tech companies have taken interest — including Nvidia.

Nvidia CEO Jensen Huang, who made his first visit to Kazakhstan on Friday, said the country could become a major AI computing hub serving Europe, pointing to its energy resources and plans to expand data center capacity.

Sitting in a fireside chat in Astana with Zhaslan Madiyev, Kazakhstan’s

Investing.com -- Celestica shares dropped 11.5% to trade at CAD 379.13, extending a sharp multi-week pullback as investors fled high-valuation AI infrastructure names amid a broad technology sector selloff and mounting caution ahead of a critical earnings event. The stock opened at CAD 406.28 before sliding to a session low of CAD 378.45, well below its 52-week high of CAD 655.50.

The primary driver of today’s pressure is a confluence of pre-earnings risk reduction and sector-wide sentiment det

Investing.com -- Western Digital Corp. (NASDAQ: WDC) shares initially surged about 4% in after-hours trading following stronger-than-expected quarterly results and upbeat guidance, but subsequently erased the gains as selling in AI stocks continued, extending the sector’s intraday slump.

The storage maker reported adjusted earnings of $4.64 per share for the first quarter of fiscal 2027, beating analyst expectations of $4.08. Revenue climbed 55% year over year to $4.38 billion, topping the $4.1

Investing.com -- Mining equities tumbled on Thursday after Freedom Broker issued a sweeping set of downgrades across North America’s top gold producers, citing trimmed near-term EBITDA forecasts, lingering operational risks, and valuation constraints. The analyst actions took a toll on market sentiment, sending shares of Agnico Eagle Mines Limited (NYSE: AEM) down 5.2%, Barrick Mining Corp (NYSE: B) lower by 5.1%, and Newmont Corporation (NYSE: NEM) down 4.1% during morning trading.

Agnico Eagl

Investing.com -- Gold producers are heading into a mixed third-quarter earnings season as lower gold prices and elevated costs put pressure on margins, partly offset by expected improvements in production, RBC Capital Markets said.

Average gold prices fell 6% quarter over quarter to $4,266 an ounce in the third quarter, from $4,513 in the second quarter. The decline is expected to weigh on margins for a second consecutive quarter, although some miners should begin benefiting from production imp

Investing.com -- Marvell Technology stock slid nearly 5.0% in morning trading to reach $232.62, dragged lower as a broad and sharp selloff swept through U.S. optical communications and AI-linked semiconductor stocks, with the selling that began in pre-market trading extending well into the regular session. Marvell was among a cluster of sector peers — including Lumentum, Credo Technology, Coherent, and Ciena — that each fell over 5% before the open, reflecting coordinated risk-off pressure acros

The Nasdaq Composite and S&P 500 plunged Thursday, another busy earnings day, with tech stocks leading declines. Meanwhile, crude prices rose on reports that the U.S. and Israel plan to renew attacks on Iran, while Treasury yields dropped.

The tech-focused Nasdaq Composite, benchmark S&P 500, and blue-chip Dow Jones Industrial Average were 2.2%, 1.2%, and fractionally lower, respectively, in recent trading.

Yesterday, the major U.S. indexes closed higher, led by big gains for tech stocks on an

In this article

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.

Hello, this is Leonie Kidd with today’s edition of Morning Squawk.

The pickup in volume during super early trading has been overwhelmingly to the downside.

Futures are worse, Asia closed deep in the red, and Europe is also broadly lower.

It seems the all-or-nothing approach to tech continues...

Futures are steadily declining this morning, with chip stocks once again under pres

Investing.com -- U.S. stock futures dropped sharply Thursday morning, with technology stocks leading losses amid increased geopolitical concerns and a continued selloff in the sector, according to JPMorgan's morning market note.

Oil prices climbed 2% to 3% on speculation about potential military action against Iran following the U.S. midterm elections, based on a New York Times report about U.S. and Israeli plans for renewed strikes.

Technology stocks showed particular weakness in premarket tr

In this article

Nvidia CEO Jensen Huang told CNBC Thursday that a surplus of memory supply is unlikely by 2029, despite a sell-off in memory stocks over the past week amid concerns about oversupply and weakening demand.

“One of the things that’s really great about memory is that you can always use more of it,” Huang told CNBC’s Arjun Kharpal in a wide-ranging interview on the sidelines of the company’s GTC Berlin conference. He added that HBM, a type of random access memory, or RAM, will be us

Get personalized, AI-powered answers built on 27+ years of trusted expertise.

Memory-stock investors may want to forget today.

Shares of big memory and data storage companies, many of which have been among the stock market’s biggest winners in recent months, were falling Thursday morning amid a broad pullback in tech stocks. The moves come ahead of the latest quarterly results from hard-drive maker Western Digital (WDC), which is slated to publish its fiscal first-quarter results after the clo