On this episode of Stock Movers:

- Block (XYZ) shares jump after the company announced that it's cutting 4,000 employees, reducing its workforce by nearly half, in a move the company describes as a bet on artificial intelligence changing the future of labor productivity.

- Trump Media & Technology (DJT) shares are up after the company said it is in talks to spin off businesses including Truth Social into a new public company following its pending merger with TAE Technologies.

- CoreWeave (CRWV) shares slide after a bigger-than-expected loss and boosting capital expenditures. CoreWeave has been taking on more debt to fund projects and is looking to raise about $8.5 billion from banks to help finance a build-out of cloud computing capacity for Meta.

On this episode of Stock Movers:
- Block (XYZ) shares jump after the company announced that it's cutting 4,000 employees, reducing its workforce by nearly half, in a move the company describes as a bet on artificial intelligence changing the future of labor productivity.
- Trump Media &amp; Technology (DJT) shares are up after the company said it is in talks to spin off businesses including Truth Social into a new public company following its pending merger with TAE Technologies.
- CoreWeave (CRWV) shares slide after a bigger-than-expected loss and boosting capital expenditures. CoreWeave has been taking on more debt to fund projects and is looking to raise about $8.5 billion from banks to help finance a build-out of cloud computing capacity for Meta.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. 

Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Block Jumps, Trump Media & Technology Up, CoreWeave Slides After Heavy Spending Alarms Investors 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e5a2ff90-95b5-4d68-9c80-b3fe010ab4db/transcript

On this episode of Stock Movers: 

- Nike (NKE) shares slid as much as 14%, to the lowest level since Feb. 2015, after the sportswear company forecast a revenue drop of as much as 4% for the fourth quarter, and warned sales declines could persist for the rest of this calendar year.

- Echostar (SATS) shares rose as much as 7.7% as SpaceX is said to target $2 trillion IPO valuation. 

- Lumentum Holdings (LITE) jumps 8.8%. Lumentum, fresh off a blockbuster first quarter during which the stock rose 84% and the company claimed a spot in the S&P 500, was up more than 11.7% at its intraday high. Lumentum has benefitted from an acceleration of hyperscaler capital spending

On this episode of Stock Movers: 
- Nike (NKE) shares slid as much as 14%, to the lowest level since Feb. 2015, after the sportswear company forecast a revenue drop of as much as 4% for the fourth quarter, and warned sales declines could persist for the rest of this calendar year.
- Echostar (SATS) shares rose as much as 7.7% as SpaceX is said to target $2 trillion IPO valuation.&nbsp;
- Lumentum Holdings (LITE) jumps 8.8%. Lumentum, fresh off a blockbuster first quarter during which the stock rose 84% and the company claimed a spot in the S&amp;P 500, was up more than 11.7% at its intraday high. Lumentum has benefitted from an acceleration of hyperscaler capital spending

Weekly Roundup: Nike Slides, Echostar Soars, Lumentum Jumps

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c314e430-c05a-418b-bb93-b420015bce3b/transcript

On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Katie Greifeld, Carol Massar and Tim Stenovec.

- SBA Communications (SBAC) shares jump as much as 18%, most intraday since 2008, after Bloomberg reports the tower operator is exploring options, including a potential sale, after receiving preliminary takeover interest.

- Shares of Blue Owl Capital (OWL) are moving lower after Blue Owl Credit Income Corp. disclosed a letter sent to its shareholders announcing redemptions in two of its private credit funds will be limited. Blue Owl said it will cap redemptions in its private-credit and technology-focused funds at 5% after receiving withdrawal requests totaling 21.9% in the former and 40.7% in the latter fund. Shares of Blue Owl Capital are down 7%, or 59c, to $8.13 in morning trading

- Tesla (TSLA) shares fell as much as 4.6% after the markets opened in New York, the biggest intraday drop in almost two months. The stock declined 15% this year through Wednesday’s close and has fallen 22% from a record high in December after the company posted one of its worst sales quarters in years, missing Wall Street’s expectations, as the carmaker struggles to turn around its core business and navigate an increasingly challenged electric-vehicle market

On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Katie Greifeld, Carol Massar and Tim Stenovec.
- SBA Communications (SBAC) shares jump as much as 18%, most intraday since 2008, after Bloomberg reports the tower operator is exploring options, including a potential sale, after receiving preliminary takeover interest.
- Shares of Blue Owl Capital (OWL) are moving lower after Blue Owl Credit Income Corp. disclosed a letter sent to its shareholders announcing redemptions in two of its private credit funds will be limited. Blue Owl said it will cap redemptions in its private-credit and technology-focused funds at 5% after receiving withdrawal requests totaling 21.9% in the former and 40.7% in the latter fund. Shares of Blue Owl Capital are down 7%, or 59c, to $8.13 in morning trading
- Tesla (TSLA) shares fell as much as 4.6% after the markets opened in New York, the biggest intraday drop in almost two months. The stock declined 15% this year through Wednesday&rsquo;s close and has fallen 22% from a record high in December after the company posted one of its worst sales quarters in years, missing Wall Street&rsquo;s expectations, as the carmaker struggles to turn around its core business and navigate an increasingly challenged electric-vehicle market

Closing Bell: SBA Communications Jumps, Tesla Slides, Blue Owl Lower, 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6cf51560-cf9f-466d-8f91-b420014e1d69/transcript

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Shares of Blue Owl Capital (OWL) are moving lower after Blue Owl Credit Income Corp. disclosed a letter sent to its shareholders announcing redemptions in two of its private credit funds will be limited. Blue Owl said it will cap redemptions in its private-credit and technology-focused funds at 5% after receiving withdrawal requests totaling 21.9% in the former and 40.7% in the latter fund. Shares of Blue Owl Capital are down 7%, or 59c, to $8.13 in morning trading.

- Globalstar (GSAT) shares rose in pre-market trading after a Financial Times report that Amazon.com Inc. is in talks to acquire the satellite provider. The deal would bolster Amazon’s effort to build its own satellite operation, the newspaper reported, citing unidentified people with knowledge of the discussions. The two sides remain in negotiations over some of the transaction’s complexity, the newspaper said.

- Tesla (TSLA) shares fell as much as 4.6% after the markets opened in New York, the biggest intraday drop in almost two months. The stock declined 15% this year through Wednesday’s close and has fallen 22% from a record high in December after the company posted one of its worst sales quarters in years, missing Wall Street’s expectations, as the carmaker struggles to turn around its core business and navigate an increasingly challenged electric-vehicle market.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of Blue Owl Capital (OWL) are moving lower after Blue Owl Credit Income Corp. disclosed a letter sent to its shareholders announcing redemptions in two of its private credit funds will be limited. Blue Owl said it will cap redemptions in its private-credit and technology-focused funds at 5% after receiving withdrawal requests totaling 21.9% in the former and 40.7% in the latter fund. Shares of Blue Owl Capital are down 7%, or 59c, to $8.13 in morning trading.
- Globalstar (GSAT) shares rose in pre-market trading after a Financial Times report that Amazon.com Inc. is in talks to acquire the satellite provider. The deal would bolster Amazon&rsquo;s effort to build its own satellite operation, the newspaper reported, citing unidentified people with knowledge of the discussions. The two sides remain in negotiations over some of the transaction&rsquo;s complexity, the newspaper said.
- Tesla (TSLA) shares fell as much as 4.6% after the markets opened in New York, the biggest intraday drop in almost two months. The stock declined 15% this year through Wednesday&rsquo;s close and has fallen 22% from a record high in December after the company posted one of its worst sales quarters in years, missing Wall Street&rsquo;s expectations, as the carmaker struggles to turn around its core business and navigate an increasingly challenged electric-vehicle market.

Blue Owl Lower, Globalstar Rises, Tesla Slides

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0ba54fd5-5446-424b-affa-b42001422e56/transcript

Block Jumps, Trump Media & Technology Up, CoreWeave Slides After Heavy Spending Alarms Investors

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