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Latest Stock Market News
Latest Stock Market News
09:22am, Wednesday, Dec 18, 2024
SandboxAQ raises over $300 million, boosting its valuation to $5.6 billion. Founded by ex-Google chief Eric Schmidt, the startup plans to enhance its engineering team and leverage quantum tech in AI, attracting top investors and partnerships. Traders should watch closely.
09:19am, Wednesday, Dec 18, 2024
On December 18, 2024, notable earnings reports are expected from companies including Micron Technology, Lennar Corporation, General Mills, and Jabil Circuit. Investors should monitor these announcements for market insights and potential impacts on stock performance.
09:15am, Wednesday, Dec 18, 2024
Dow faces longest losing streak since 1978, Fed eyes rate cut, and General Mills warns of profit hit amid rising costs and promotions.
07:17am, Wednesday, Dec 18, 2024
Birkenstock (NYSE: BIRK) exceeded Q4 revenue forecasts at €455.8 million, driven by strong full-price sales in the U.S. and Asia. However, its fiscal 2025 growth outlook fell short of expectations, causing some premarket turbulence. Investors should tread carefully.
03:22am, Wednesday, Dec 18, 2024
Kioxia's shares soared 14% on their IPO debut, valuing the semiconductor firm at ¥890 billion ($5.8 billion). The company raised ¥120 billion, marking Japan’s third-largest IPO this year amid rising investor interest in new offerings.
03:07am, Wednesday, Dec 18, 2024
Negotiations between Volkswagen (ETR: VOWG_p) and labor unions are intensifying as they address potential cuts in German operations. Traders should monitor developments closely, as the outcome could impact Volkswagen's stock performance and 2024 outlook.
02:46am, Wednesday, Dec 18, 2024
The Federal Reserve is set to announce a potential "hawkish cut" in borrowing costs, reducing the benchmark rate to 4.25%-4.50%. Analysts debate the pace of future cuts amid low inflation and economic growth under President-elect Trump. Stay tuned for updates.
10:26am, Tuesday, Dec 17, 2024
Kosmos Energy Ltd. (NYSE: KOS) shares surged 15% after announcing it won't pursue Tullow Oil plc (LON: TLW) acquisition talks. This decision clarifies its strategic focus, assuaging investor concerns and highlighting stability in the volatile energy sector.
09:56am, Tuesday, Dec 17, 2024
Express, Inc. (NYSE: EXPR) resolves SEC charges for failing to disclose $979,269 in executive compensation, leading to a 94% understatement in reported earnings. The SEC refrains from penalties due to the company's cooperation and remedial actions. Transparency remains crucial for investors.
09:51am, Tuesday, Dec 17, 2024
Pfizer (NYSE: PFE) reassures investors by aligning 2025 profit projections with market expectations, causing a 3% stock rise. Despite challenges from dwindling COVID-19 revenue and management criticism, forecasts predict profits of $2.80-$3 per share and revenues of $61-$64 billion.
09:16am, Tuesday, Dec 17, 2024
Tesla (NASDAQ: TSLA) shares rose 2% pre-market after Mizuho Securities upgraded its rating from 'Neutral' to 'Outperform' and raised the price target to $515. Analyst Vijay Rakesh cites a favorable regulatory environment and strong EV strategy as key growth drivers.
09:06am, Tuesday, Dec 17, 2024
Discover today's biggest U.S. premarket stock movers, including Nvidia, Pfizer, Coinbase, and more. See what's driving these key moves.
09:01am, Tuesday, Dec 17, 2024
Gold prices dipped 0.5% to $2,639.56 per ounce as traders await key central bank meetings, particularly the Fed's anticipated 25 basis point rate cut. Concerns about inflation and U.S. interest rates pressure gold and other metals, including copper.
04:15am, Tuesday, Dec 17, 2024
Germany's political parties are set to reveal economic recovery plans ahead of snap elections on February 23, following Chancellor Scholz's coalition collapse. Key issues include tax reforms, military support for Ukraine, and immigration controls, impacting market outlook.
04:11am, Tuesday, Dec 17, 2024
Walmart (NYSE: WMT) partners with Meituan to boost e-commerce in China, enhancing online sales via Meituan's popular app. This strategic move follows Walmart's $3.7B stake sale in JD.com, positioning it to reach cost-sensitive shoppers effectively.
08:31am, Monday, Dec 16, 2024
Week 51: All eyes are on the FED's rate decision, with investors anticipating another rate cut. Traders will also be watching crucial data on inflation, retail sales, GDP, home sales, and consumer confidence.
07:11am, Monday, Dec 16, 2024
India's trade deficit surged to $37.84 billion in November, far exceeding forecasts of $23.9 billion. While exports rose 2.17%, imports climbed 8.35%, raising concerns for investors and stock traders about economic growth sustainability.
06:39am, Monday, Dec 16, 2024
MicroStrategy (NASDAQ: MSTR) surged 6% premarket after being added to the Nasdaq 100 index. With $44 billion in Bitcoin, its stock has skyrocketed 550% this year, driven by Bitcoin’s surge above $106K. Analysts predict increased buying interest could boost shares further.
06:11am, Monday, Dec 16, 2024
Novo Nordisk (NYSE: NVO) plans to invest 8.5 billion Danish crowns ($1.2 billion) in a new manufacturing facility in Odense, Denmark, focusing on rare disease therapies. The plant, set to create 400 jobs by 2027, boosts Novo’s growth amid rising stock performance.
05:49am, Monday, Dec 16, 2024
This week, several key companies announce earnings: Micron (MU) on Dec 18, followed by Lennar (LEN) and Lennar Corp (LEN-B). On Dec 19, watch for Accenture (ACN), Nike (NKE), FedEx (FDX), and finally Carnival (CCL) on Dec 20. Key insights ahead!
07:31am, Friday, Dec 13, 2024
Friday Markets: U.S. futures rise after Broadcom's AI-fueled surge, oil sees weekly gains, and the Fed's rate decision next week adds uncertainty for investors.
05:41am, Friday, Dec 13, 2024
The U.S. Commerce Department has reached a preliminary $225 million subsidy agreement with Bosch (NYSE: BOSH) to boost SiC semiconductor production in California, aligning with efforts to strengthen domestic manufacturing for EVs and clean energy technologies.
05:37am, Friday, Dec 13, 2024
Costco's Strong Q1 Earnings Highlight Resilience Amidst High Valuations: Should Traders Take Notice?
Costco (NASDAQ: COST) reports Q1 revenue of $62.15B, up nearly 7%, with EPS at $4.04, exceeding expectations. Despite solid performance, analysts remain cautious due to high valuation. Costco's resilience makes it a key retail stock to watch.
04:02am, Friday, Dec 13, 2024
Investors eye record-high coffee prices driven by Brazil's weather crisis, with experts warning the rally could last years.
07:53am, Thursday, Dec 12, 2024
Get ahead of the markets: Nasdaq tops 20K, Apple adds ChatGPT to Siri, Albertsons sues Kroger, and Bitcoin breaks past $101K. Key updates you need to know before markets open.
07:40am, Thursday, Dec 12, 2024
Epic Games partners with Telefonica to pre-install its marketplace app on millions of Android devices, enhancing access to popular games like "Fortnite." This strategy could boost profit margins, engage users, and reshape market dynamics, making it crucial for stock traders to watch.
07:03am, Thursday, Dec 12, 2024
Exxon Mobil (NYSE: XOM) aims to be involved in Hess Corporation's (NYSE: HES) potential asset sale in Guyana, asserting its rights amid ongoing arbitration over the $53 billion Chevron deal. Traders should monitor developments closely.
06:58am, Thursday, Dec 12, 2024
Shares of Brunello Cucinelli (BIT: BCU) surged over 6% after an updated forecast raised full-year sales growth expectations to 11-12%. The luxury brand is thriving in the U.S. and China, with strong performance amid global market trends.
06:51am, Thursday, Dec 12, 2024
PACCAR (NASDAQ: PCAR) recalls 220,972 vehicles due to ABS and stability control concerns, impacting its stock and reputation. Traders should monitor potential volatility, operational performance, and competitive reactions as the situation unfolds.
06:49am, Thursday, Dec 12, 2024
Nemetschek (ETR: NEKG) shares fell over 4% after J.P. Morgan initiated coverage with an "underweight" rating, citing a price target of €95. Concerns over organic growth, high valuations, and market challenges indicate a tough trading outlook.
06:34am, Thursday, Dec 12, 2024
Boeing (NYSE: BA) cautiously resumes 737 MAX production after a strike, prioritizing safety over speed. Suppliers remain hesitant, impacting the fragile supply chain. The company targets 15-20 jets this month, aiming for 38 monthly by year-end amid uncertainty.
02:15am, Thursday, Dec 12, 2024
Broadcom (AVGO) Q4 earnings set for Dec. 12. Revenue forecast at $14.06B, up 51% YoY, driven by AI, and key partnerships.
07:57am, Wednesday, Dec 11, 2024
MetLife (NYSE: MET) is launching Chariot Reinsurance in partnership with General Atlantic, focusing on optimizing low-risk insurance investments. With over $1 billion in initial equity, the reinsurance firm aims to start operations in 2025, backed by $10 billion in MetLife policies.
07:54am, Wednesday, Dec 11, 2024
Shares of Candel Therapeutics (NASDAQ: CADL) soared 150% after positive phase 3 trial results for CAN-2409, an innovative viral immunotherapy for localized prostate cancer. The treatment shows significant improvement in disease-free survival, with further FDA discussions anticipated.
07:51am, Wednesday, Dec 11, 2024
Patterson Companies, Inc. (NASDAQ: PDCO) shares skyrocketed 35% after Patient Square Capital announced an acquisition deal worth $4.1 billion, offering $31.35 per share—a 49% premium. The deal aims for closure by Q4 FY 2025, pending approvals.
07:08am, Wednesday, Dec 11, 2024
Lowe's Companies (NYSE: LOW) unveiled its ambitious growth plans at the Analyst and Investor Conference, including the 2025 Total Home Strategy and investments in AI. With an innovative product marketplace and expansion into underserved markets, Lowe's aims for greater productivity and market share.
06:09am, Wednesday, Dec 11, 2024
On December 11, 2024, key companies will announce earnings, including Adobe Systems (ADBE), Nordson Corporation (NDSN), Kanzhun Limited (BZ), and Photronics (PLAB). Investors should watch these reports for market-moving insights.
08:56am, Tuesday, Dec 10, 2024
Tuesday Markets are steady as Nvidia faces China probe, Tesla sued over Autopilot crash, GameStop readies Q3 report, and EU probes Google over teen ad deal.
07:07am, Tuesday, Dec 10, 2024
Nippon Life Insurance (TSE: LIFI) is in talks to acquire Resolution Life Group Holdings for $8.2 billion, marking its largest overseas acquisition. This move highlights Japanese insurers' push for growth amid domestic challenges, creating potential market opportunities.
