Top Stock Movers Now: Gartner, Axon Enterprise, Palantir, and More
U.S. equities declined at midday following a soft services industry report and President Donald Trump's comments on new tariffs.
Nvidia and other semiconductor makers saw their shares fall when Trump said tariffs on the chip industry were coming soon.
Axon Enterprise, DuPont, and Palantir Technologies all beat profit and sales forecasts and raised their guidance.U.S. equities fell at midday following a weak report on the services industry and concerns about new tariffs. The S&P 500, and Nasdaq dropped about 0.5% and the Dow Jones Industrial Average slipped 0.3%.
Gartner (IT) was the worst-performing stock in the S&P 500 when the research and advisory firm slashed its guidance on declining revenue at its largest research unit.
Shares of Vertex Pharmaceuticals (VRTX) slumped after the drugmaker announced a Phase 2 trial of its experimental pain medicine missed a key goal, and that it would no longer continue its development.
Shares of Nvidia (NVDA) and other chipmakers slid when President Donald Trump said in an interview he would be announcing new semiconductor tariffs soon.
Axon Enterprise (AXON) shares took off when the Taser maker exceeded earnings and revenue estimates and boosted its outlook on strong demand for its security products.
DuPont (DD) also raised its guidance as it lowered its estimate for how much tariffs would impact full-year earnings. In addition, the chemical and materials maker reported better-than-expected results, and shares gained.
Software analytics firm Palantir Technologies (PLTR) beat profit and sales estimates and lifted its outlook as it benefited from artificial intelligence product demand and more government contracts.
Oil futures slid. Gold prices rose. The yield on the 10-year Treasury note was little changed. The U.S. dollar was up on the yen, but lost ground to the euro and pound. Major cryptocurrencies traded down.
Read the original article on Investopedia
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
NYC mayoral hopeful Curtis Sliwa's group bills itself a charity despite losing tax-exempt status
NEW YORK —Republican mayoral candidate Curtis Sliwa's crime prevention group, the Guardian Angels, is soliciting donations while portraying itself as a tax-exempt charity — even though it was stripped of that status years ago amid tax issues and legal troubles involving the organization's longtime treasurer, according to a Daily News review of federal and state records. The Guardian Angels, which Sliwa founded in 1979 and still controls as CEO, hasn't filed a 990 Form with the U.S. Internal Revenue Service since 2019, the IRS's publicly available nonprofit database shows. In that database, the group's legal business name is listed as Alliance of Guardian Angels, Inc. The 990 Form is the equivalent of a tax return for a charitable organization, and due to the Guardian Angels' failure to file 990s three years in a row, the IRS revoked its tax-exempt 501(c)(3) charity designation in November 2022, per a notice included on the group's profile in the database. The revocation came a year after Rafael Alvarez, the Guardian Angels' now-former treasurer, landed in trouble with the U.S. Department of Justice, which forced his accounting firm, ATAX, to shutter permanently in 2021 due to a suspicion he was filing fraudulent returns for clients — a case that eventually resulted in Alvarez pleading guilty to criminal charges. Despite the charity status, the Guardian Angels has continued to describe itself as a 501(c)(3) group on its website, including on a page where it's asking supporters for money. 'The Alliance of Guardian Angels is a non-profit 501 (c) (3) organization founded in 1979 in New York City,' a banner reads on the page soliciting contributions via a big red 'donate' button that sends supporters to a PayPal page if they click it. 'Our mission is to provide positive role models for today's youth and work toward promoting community safety and betterment for the good of society overall.' According to legal experts, falsely portraying a group as a 501(c)(3) can result in fines and even criminal charges, especially if the misrepresentation involves the solicitation of donations. Taxpayers who donate to nonprofit charities who've lost their 501(c)(3) status can, in turn, also end up getting in trouble with the IRS if they claim their contributions as tax deductible. 'When a charitable nonprofit is no longer recognized as tax-exempt, it will be required to pay income taxes on revenue, including donations, and donors will no longer be able to deduct contributions to the organization,' according to the National Council of Nonproifts. IRS' press office didn't immediately return a request for comment this week. In addition to the IRS delinquencies, the Guardian Angels hasn't submitted tax filings with the New York state attorney general's office as required since 2019, either, an AG spokeswoman confirmed. The spokeswoman wouldn't comment further, but the AG's office typically works with delinquent nonprofits to try to get them into compliance before taking any enforcement action. Sliwa's campaign referred questions to Mario Kranjac, an attorney for the Guardian Angels, who blamed the filing failures on Alvarez, who served as the group's treasurer for over a decade and was personally friendly with Sliwa. Kranjac said the Guardian Angels believed all tax returns had been filed properly by Alvarez. 'Curtis Sliwa had no involvement in financial filings,' said Kranjac, an ex-mayor of Englewood, N.J. who mounted an unsuccessful Republican bid for governor of the state this year. 'The Guardian Angels are allowed to continue operating and are taking steps to correct the issue with counsel.' The tax troubles involving the Guardian Angels, whose members have been known for doing street and subway 'safety patrols,' are emerging as Sliwa is gearing up his GOP bid for mayor ahead of November's election. The revelations about the tax filing failures — and previously unreported details about Alvarez's role in the Guardian Angels' finances — could cast a shadow over Sliwa as he campaigns heavily on an anti-corruption message. It also raises questions about how, as mayor, Sliwa would manage a city with an annual budget of $116 billion, in addition to his own campaign, which just on Wednesday received $1.9 million in public matching funds. Alvarez served as the Guardian Angels' treasurer between 2010 and 2024, per his LinkedIn profile. Before the Guardians abruptly stopped submitting 990s, Alvarez and his accounting firm used to prepare and handle all of the group's federal and state tax filings, The News' review found. In those filings, Alvarez identified himself both as the group's treasurer and accountant. An attorney for Alvarez — who's currently in prison — didn't say why he stopped filing the group's taxes in 2019. The attorney, Michael Bachrach, did say he wasn't sure whether Alvarez ever filed fraudulent tax forms for the Guardian Angels. 'There were over 80,000 tax returns disclosed in discovery in that case, some fraudulent and other perfectly lawful,' said Bachrach. 'I don't recall whether Guardian Angels were amongst them.' When Alvarez had his firm shuttered by the feds in June 2021, he was already under criminal investigation by the DOJ over suspicions he had helped clients file tax returns with the IRS claiming fraudulent deductions for fictitious charity donations, medical costs and other expenses in order to lower their tax burdens, according to his indictment and other filings made in his case. In April 2024, the Manhattan U.S. attorney's office indicted Alvarez on charges alleging he had orchestrated a sprawling tax fraud scheme between 2010 and 2020 — spanning the period when he was handling the Guardian Angels' books — in which he and his firm stole $145 million from the IRS. His indictment alleged Alvarez was known as 'The Magician' among his clients because of the advanced methods he used to defraud the IRS. This spring, Alvarez was sentenced to four years in prison, ordered to forfeit more than $11 million and pay, together with any clients identified as having participated in the scheme, $145 million in restitution to the U.S. government. Alvarez's indictment doesn't identify his clients, but prosecutors wrote in court papers this spring some of them are being made to pay years' worth of back taxes. The Guardian Angels, which as a 501(c)(3) was exempt from most — but not all — federal and state taxes, isn't referenced in Alvarez's indictment and hasn't been accused of any wrongdoing. Sliwa and Alvarez go back personally, and he has over the years hyped up Alvarez's business many times on the radio. Speaking on his talk radio show in 2012, Sliwa called Alvarez 'my very cumpà,' Italian slang that translates to close friend, and told listeners in need of tax help: 'You need to talk to a professional, and the best is Rafael Alvarez.' Sliwa's group also gave Alvarez its coveted 'Red Beret Award' in 2011. On the campaign trail, Sliwa has vowed to turn the page on the dysfunction and corruption he argues has marred Mayor Adams' time at City Hall, pointing to the incumbent's federal bribery indictment, which was quashed this spring by President Trump's DOJ as part of a controversial arrangement. Sliwa ran unsuccessfully for mayor in 2021, clinching about 28% compared to the 67% received by Adams, the Democratic mayoral nominee in that race. Sliwa's seen as having a better shot this year, as the city's Democratic vote could be fractured by the fact that, in addition to Democratic nominee Zohran Mamdani, Adams and Andrew Cuomo are running on independent lines on the November ballot. Attorney Jim Walden is on an independent line as well. Mamdani continues to poll as the favorite to win the November contest, with most surveys predicting Cuomo as the runner-up candidate. Sliwa has in a number of polls placed third, pulling more support than Adams. _____
The Verge
13 minutes ago
- The Verge
Sonos confirms tariffs will increase its prices this year
Tom Conrad took over as CEO of Sonos in January as it continues to recover from last year's disastrous mobile app update, and now the company has issued its first quarterly earnings report after he dropped the interim tag from his title. Beyond the numbers, with $344.8 million in revenue and a net loss of $3.4 million, Conrad acknowledged the impact that President Trump's tariffs will have on its business, saying that 'it has become clear that we'll need to raise prices on certain products later this year,' as reported earlier by Bloomberg. Conrad didn't go into detail on the price changes and said that Sonos is working with its partners to share the extra costs, as nearly all of its products for the US are made in Vietnam and Malaysia, which are both facing higher tariff rates soon. Conrad: With respect to our operations, like many companies, the most significant near-term challenge has been the uncertain tariff environment. As a reminder short of a few accessories, and our passive speaker partnership with Sonance (I think this is what he said?) we do all of our us-bound manufacturing in Vietnam and Malaysia. We talked last quarter about the contingency planning we underwent to minimize the effects of terrorists on our business, while also doing what we can to limit the downstream impact to our customers. Last week's news, the tariff rates we were subject to going forward, appeared to be 20 percent for Vietnam and 19 percent for Malaysia. We continue to work closely with our contract manufacturers and our Channel Partners to share tariff costs, though it has become clear that we'll need to raise prices on certain products later this year. As these pricing changes land, we'll monitor consumer behavior closely as well as competitive Trends across our categories and will make adjustments in collaboration with our Channel Partners, when and if necessary, to ensure we're exploring every opportunity to optimize our respective top and bottom lines. In response to one of the analyst's questions, Conrad said, 'I think the best way to think about what we're trying to do here strategically is to craft a pricing plan that supports our goal of optimizing growth profit dollars.' As a result, the executive said that the price changes could vary across different products, depending on the market and with an eye towards what competitors are doing. He pointed to some software updates Sonos has released lately, like multiuser TV audio swap and TrueCinema audio adjustments for its Ace headphones, and a recent AI speech enhancement for the Arc Ultra. Posts from this author will be added to your daily email digest and your homepage feed. See All by Richard Lawler Posts from this topic will be added to your daily email digest and your homepage feed. See All Business Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All Sonos Posts from this topic will be added to your daily email digest and your homepage feed. See All Speakers Posts from this topic will be added to your daily email digest and your homepage feed. See All Tech
WIRED
13 minutes ago
- WIRED
A Single Poisoned Document Could Leak ‘Secret' Data Via ChatGPT
Aug 6, 2025 7:30 PM Security researchers found a weakness in OpenAI's Connectors, which let you hook up ChatGPT to other services, that allowed them to extract data from a Google Drive without any user interaction. Photo-Illustration:The latest generative AI models are not just stand-alone text-generating chatbots—instead, they can easily be hooked up to your data to give personalized answers to your questions. OpenAI's ChatGPT can be linked to your Gmail inbox, allowed to inspect your GitHub code, or find appointments in your Microsoft calendar. But these connections have the potential to be abused—and researchers have shown it can take just a single 'poisoned' document to do so. New findings from security researchers Michael Bargury and Tamir Ishay Sharbat, revealed at the Black Hat hacker conference in Las Vegas today, show how a weakness in OpenAI's Connectors allowed sensitive information to be extracted from a Google Drive account using an indirect prompt injection attack. In a demonstration of the attack, dubbed AgentFlayer, Bargury shows how it was possible to extract developer secrets, in the form of API keys, that were stored in a demonstration Drive account. The vulnerability highlights how connecting AI models to external systems and sharing more data across them increases the potential attack surface for malicious hackers and potentially multiplies the ways where vulnerabilities may be introduced. 'There is nothing the user needs to do to be compromised, and there is nothing the user needs to do for the data to go out,' Bargury, the CTO at security firm Zenity, tells WIRED. 'We've shown this is completely zero-click; we just need your email, we share the document with you, and that's it. So yes, this is very, very bad,' Bargury says. OpenAI did not immediately respond to WIRED's request for comment about the vulnerability in Connectors. The company introduced Connectors for ChatGPT as a beta feature earlier this year, and its website lists at least 17 different services that can be linked up with its accounts. It says the system allows you to 'bring your tools and data into ChatGPT' and 'search files, pull live data, and reference content right in the chat.' Bargury says he reported the findings to OpenAI earlier this year and that the company quickly introduced mitigations to prevent the technique he used to extract data via Connectors. The way the attack works means only a limited amount of data could be extracted at once—full documents could not be removed as part of the attack. 'While this issue isn't specific to Google, it illustrates why developing robust protections against prompt injection attacks is important,' says Andy Wen, senior director of security product management at Google Workspace, pointing to the company's recently enhanced AI security measures. Bargury's attack starts with a poisoned document, which is shared to a potential victim's Google Drive. (Bargury says a victim could have also uploaded a compromised file to their own account.) Inside the document, which for the demonstration is a fictitious set of notes from a nonexistent meeting with OpenAI CEO Sam Altman, Bargury hid a 300-word malicious prompt that contains instructions for ChatGPT. The prompt is written in white text in a size-one font, something that a human is unlikely to see but a machine will still read. In a proof of concept video of the attack, Bargury shows the victim asking ChatGPT to 'summarize my last meeting with Sam,' although he says any user query related to a meeting summary will do. Instead, the hidden prompt tells the LLM that there was a 'mistake' and the document doesn't actually need to be summarized. The prompt says the person is actually a 'developer racing against a deadline' and they need the AI to search Google Drive for API keys and attach them to the end of a URL that is provided in the prompt. That URL is actually a command in the Markdown language to connect to an external server and pull in the image that is stored there. But as per the prompt's instructions, the URL now also contains the API keys the AI has found in the Google Drive account. Using Markdown to extract data from ChatGPT is not new. Independent security researcher Johann Rehberger has shown how data could be extracted this way, and described how OpenAI previously introduced a feature called 'url_safe' to detect if URLs were malicious and stop image rendering if they are dangerous. To get around this, Sharbat, an AI researcher at Zenity, writes in a blog post detailing the work, that the researchers used URLs from Microsoft's Azure Blob cloud storage. 'Our image has been successfully rendered, and we also get a very nice request log in our Azure Log Analytics which contains the victim's API keys,' the researcher writes. The attack is the latest demonstration of how indirect prompt injections can impact generative AI systems. Indirect prompt injections involve attackers feeding an LLM poisoned data that can tell the system to complete malicious actions. This week, a group of researchers showed how indirect prompt injections could be used to hijack a smart home system, activating a smart home's lights and boiler remotely. While indirect prompt injections have been around almost as long as ChatGPT has, security researchers worry that as more and more systems are connected to LLMs, there is an increased risk of attackers inserting 'untrusted' data into them. Getting access to sensitive data could also allow malicious hackers a way into an organization's other systems. Bargury says that hooking up LLMs to external data sources means they will be more capable and increase their utility, but that comes with challenges. 'It's incredibly powerful, but as usual with AI, more power comes with more risk,' Bargury says.
