Gaxos.ai Inc. shares rose 19.35% after-hours after expanding its Gaxos Labs platform with AI music, chat, and 3D tools to boost engagement and strengthen its generative AI strategy.
Blaize shares surged 21.39% after-hours after announcing a $50 million NeoTensr contract and a strategic Winmate MOU for AI edge infrastructure across Asia Pacific.
Economist Peter Schiff expressed concerns over New York City Mayor Zohran Mamdani's plan to open government-run grocery stores, warning it could undermine efficiency by removing the profit incentive. He noted that grocery margins are already below 2% and the plan may drive cost higher or require taxpayer support.
Punters on cryptocurrency prediction market raised odds that Iran would surrender its enriched uranium stockpile after Trump said the country agreed to abandon nuclear weapons.
Allbirds shares fell 8.20% after-hours after a nearly 700% surge, as investors weighed its AI pivot, heavy trading activity, and concerns over dilution and sustainability.
Leading cryptocurrencies held steady, while stocks closed at new records on Thursday as President Donald Trump said Iran agreed to transfer its "nuclear dust" to the U.S
If the economy slows, investors should pay heed to companies that sell everyday essentials, lock in recurring cash flow, or own assets people keep using no matter what the Bank of Canada does next.
