Rocket Lab stock swings as CEO files to sell shares; Cantor lifts target to $85

Rocket Lab stock swings as CEO files to sell shares; Cantor lifts target to $85

Rocket Lab shares rose 0.3% to $71.16 Tuesday after CEO Peter Beck filed to sell up to 28,761 shares worth about $2 million. The stock swung nearly 10% intraday. Cantor Fitzgerald raised its price target to $85 following the Geost acquisition, while other analysts cited delays in the Neutron rocket program. Rocket Lab reported record annual revenue of $602 million and a $1.85 billion backlog.
March 3, 2026

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Meta signs White House power pledge as AI data centers put U.S. electricity bills in focus

Meta signs White House power pledge as AI data centers put U.S. electricity bills in focus

March 4, 2026
WASHINGTON, March 4, 2026, 17:32 (EST) Meta Platforms (META.O) on Wednesday signed the White House’s Ratepayer Protection Pledge alongside Amazon, Google, Microsoft, OpenAI, Oracle and xAI, committing to cover new power and grid costs tied to data centers — large facilities packed with computer servers. The White House said the aim is to keep those expenses from landing on household electricity bills. (The White House) The Trump administration is rolling out the pledge ahead of November’s midterm elections, arguing it can ease voter concern over higher utility bills as AI data centers proliferate. One administration official said the sector needs
Broadcom stock after earnings: AI chip outlook tops estimates, buyback in focus

Broadcom stock after earnings: AI chip outlook tops estimates, buyback in focus

March 4, 2026
Broadcom shares rose 1.1% to $317.53 in after-hours trading after forecasting second-quarter revenue of about $22 billion, topping analyst estimates. First-quarter revenue climbed 29% to a record $19.31 billion, with AI chip sales up 106% year-on-year to $8.4 billion. The company authorized a new $10 billion share buyback and kept its dividend unchanged. Investors await further details on margins and AI demand in the earnings call.
Amazon stock price jumps after $427 million Virginia campus buy puts AI data centers back in view

Amazon stock price jumps after $427 million Virginia campus buy puts AI data centers back in view

Amazon shares rose 3.9% to $216.77 in after-hours trading Wednesday after announcing a $427 million purchase of George Washington University’s Virginia Science and Technology campus in Ashburn for new data-center capacity. The company faces zoning hurdles and local power constraints for the site. Investors await Friday’s U.S. jobs report as Amazon projects $200 billion in 2026 capital expenditures.
SoFi Technologies’ Mastercard stablecoin deal puts SoFiUSD settlement in focus as CEO buys $1 million of SOFI stock

SoFi Technologies’ Mastercard stablecoin deal puts SoFiUSD settlement in focus as CEO buys $1 million of SOFI stock

SoFi will partner with Mastercard to settle card payments using its SoFiUSD stablecoin, the companies said Tuesday. CEO Anthony Noto bought 56,000 shares for about $1 million, according to a regulatory filing. SoFi shares rose 0.8% to $18.75, while Mastercard slipped 0.1% on Wednesday. SoFiUSD is issued by SoFi Bank and backed one-for-one by cash.
Battalion Oil Corporation taps new investor for $15 million at $5.50 as BATL stock swings

Battalion Oil Corporation taps new investor for $15 million at $5.50 as BATL stock swings

March 4, 2026
Battalion Oil Corporation said it will raise about $15 million in a private placement at $5.50 per share, with net proceeds of $14.1 million expected. The unnamed institutional investor deal is set to close March 4. Shares surged to $29.70 Tuesday before falling 33% to $18.58 Wednesday. The company recently sold West Quito Draw assets for $60.1 million.
Ross Stores (ROST) stock jumps nearly 7% as spring outlook, buyback plan draw buyers

Ross Stores (ROST) stock jumps nearly 7% as spring outlook, buyback plan draw buyers

Ross Stores shares rose 6.9% to $211.35 Wednesday after reporting fourth-quarter sales up 12% to $6.6 billion and earnings per share of $2.00, both above guidance. Comparable store sales climbed 9%, and the company launched a $2.55 billion share buyback and raised its dividend. Executives cited strong traffic and broad gains across categories. Ross forecast 7%–8% comparable growth for the current quarter ending May 2.
Western Digital stock jumps as CEO flags hyperscaler orders through 2028

Western Digital stock jumps as CEO flags hyperscaler orders through 2028

March 4, 2026
Western Digital shares jumped 6.3% to $266.36 Wednesday afternoon, rebounding with storage peers after executives cited longer cloud customer order commitments and a firmer price outlook. CEO Irving Tan said top hyperscale clients have placed orders through 2028. Traders are watching Friday’s U.S. jobs report and the Fed’s March meeting for signals on rates and risk appetite.
Hilton takes over ex-Palazzo Versace on Australia’s Gold Coast — LXR brand lands in 2027

Hilton takes over ex-Palazzo Versace on Australia’s Gold Coast — LXR brand lands in 2027

March 4, 2026
Hilton signed a deal to manage and rebrand the former Palazzo Versace hotel on Australia’s Gold Coast under its LXR luxury label, with reopening set for 2027 after renovations begin in coming months. The hotel, currently trading as The Imperial, will remain open during the overhaul. Hilton shares were down 0.3% at $305.05 in New York afternoon trading. Financial terms were not disclosed.
ServiceNow stock rises as CEO share-buy filing lands and Morgan Stanley chat nears

ServiceNow stock rises as CEO share-buy filing lands and Morgan Stanley chat nears

March 4, 2026
ServiceNow shares climbed 1.3% to $114.66 Wednesday afternoon, rebounding after weeks of losses but still 46% below last July’s high. CEO William McDermott bought nearly $3 million in shares last week, according to an SEC filing. The company recently expanded its buyback authorization by $5 billion. McDermott is scheduled to speak at a Morgan Stanley conference later Wednesday.
Cisco stock (CSCO) rises as Splunk lands a telecom win and investors eye the next readout

Cisco stock (CSCO) rises as Splunk lands a telecom win and investors eye the next readout

Cisco shares rose 2.1% to $80.64 in afternoon trading Wednesday after announcing TPG Telecom will use Splunk software to upgrade security and operations across Australia. The move comes as Cisco highlights AI and security offerings at industry events and ahead of management’s appearance at a Morgan Stanley tech conference Thursday.
AST SpaceMobile stock jumps after Telus signs Canada satellite-to-phone deal, takes equity stake

AST SpaceMobile stock jumps after Telus signs Canada satellite-to-phone deal, takes equity stake

TELUS will take an equity stake in AST SpaceMobile and invest in ground infrastructure to support satellite-to-phone service across Canada, the companies said Wednesday. AST shares rose about 12% after the announcement. Service is planned for late 2026 using standard smartphones and low-Earth-orbit satellites. AST reported Q4 revenue of $54.3 million and a net loss of $74 million.
Heating oil price jumps above $3.25 as Hormuz disruption keeps fuel traders on edge

Heating oil price jumps above $3.25 as Hormuz disruption keeps fuel traders on edge

March 4, 2026
NYMEX April ULSD futures rose 2.2% to $3.2584 a gallon Wednesday as Middle East tensions stalled shipping through the Strait of Hormuz for a fifth day. U.S. distillate inventories increased by 0.4 million barrels last week but remain 3% below the five-year average, according to the EIA. Traders are watching Gulf shipping, Friday’s U.S. jobs report, and next week’s EIA update.
Why Intuit stock is up again: TurboTax momentum meets Direct File bill risk

Why Intuit stock is up again: TurboTax momentum meets Direct File bill risk

Intuit shares rose 1.6% to $440.24 in early afternoon trading Wednesday, extending a six-day rally. CEO Sasan Goodarzi reported strong TurboTax growth and dismissed chatbot disruption concerns. Democrats introduced a bill to revive the IRS “Direct File” program, posing potential competition for paid tax software. Trading volume in Intuit stock topped its 50-day average for two straight sessions.
Salesforce stock price slips as Formula 1 AI tie-up lands and buyback doubts linger

Salesforce stock price slips as Formula 1 AI tie-up lands and buyback doubts linger

Salesforce shares fell 0.2% to $195.73 in early afternoon trading Wednesday, tracking weakness across the software sector as investors weigh AI’s impact on subscription models. The company launched an AI-powered “fan companion” for Formula 1 and expanded its buyback program by $30 billion. U.S. private payrolls rose by 63,000 in February, ahead of Friday’s official jobs report. The Fed is expected to hold rates at its March meeting.
Mortgage rates today hold near 6% as refi demand jumps; Rocket stock slips in US trade

Mortgage rates today hold near 6% as refi demand jumps; Rocket stock slips in US trade

March 4, 2026
U.S. mortgage applications rose 11% last week, driven by a 14.3% jump in refinancing as 30-year fixed rates held at 6.09%, the Mortgage Bankers Association said. Mortgage News Daily reported the top-tier 30-year rate at 6.07%. Housing stocks fell, with Rocket Companies down 0.8%. Treasury yields firmed after strong service-sector data, while Fed officials warned of persistent inflation risks.
Nvidia stock rises as AI chip shares bounce; Broadcom earnings and jobs data next

Nvidia stock rises as AI chip shares bounce; Broadcom earnings and jobs data next

March 4, 2026
Nvidia shares rose 1.5% to $182.77 after announcing a $4 billion investment in photonics suppliers, lifting other AI-linked chip stocks mid-session. Advanced Micro Devices gained 4.8%, Broadcom added 2.4%, and Super Micro Computer climbed 5.9%. Investors await Broadcom’s earnings after the close and Friday’s U.S. jobs report for further direction. Goldman Sachs flagged near-term correction risks for global equities.
XRP price pops near $1.45 as bitcoin rallies — Trump crypto bill push in focus

XRP price pops near $1.45 as bitcoin rallies — Trump crypto bill push in focus

XRP jumped 5.8% to $1.45 on Wednesday, tracking a broader crypto rally as bitcoin topped $73,000 and ether climbed to $2,151. Traders cited easing Middle East tensions and renewed U.S. crypto legislation efforts. Nearly $3.9 billion in XRP changed hands, with market value near $88 billion. Investors now await Friday’s U.S. jobs report and updates on the Clarity Act.
Natural gas price drops after Tuesday rally as traders eye EIA storage report, Cameron LNG restart

Natural gas price drops after Tuesday rally as traders eye EIA storage report, Cameron LNG restart

U.S. April Henry Hub natural gas futures dropped 3.41% to $2.95/mmBtu by midday Wednesday, reversing part of Tuesday’s gains. Warmer U.S. weather forecasts and weaker LNG feedgas flows pressured prices despite ongoing Middle East risks. Leveraged gas ETFs BOIL fell 7.29% and KOLD rose 7.21%. Traders await Thursday’s U.S. storage report for the week ended Feb. 27.