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Hotter-than-expected inflation sent stocks and crypto tumbling Wednesday, and Wall Street analysts wasted no time reshuffling their targets on Thursday, with major calls hitting Bank of America, Netflix, PayPal, and several energy giants all at once.
Bonds staged one of their biggest single-day rallies in years while crypto suffered a brutal $1 billion liquidation wave, and Wall Street analysts responded with a fresh round of double upgrades and surprise downgrades across banking, broadcasting, and beyond.
CoreWeave, Inc.’s (CRWV) shares fell 2% in overnight trading late Thursday, giving back some gains from the regular session amid sharp weakness over concerns about rising debt and the sustainability of its neocloud businesses.CoreWeave has become a key casualty of the latest market rout, triggered…