Sign In
News Digest /
Latest Stock Market News
Latest Stock Market News
05:19am, Tuesday, Jun 25, 2024
SoftBank's shareholder voting reveals a plunge in support for CEO Masayoshi Son, down to 79.22% from 95.93% last year, following ISS's advisory against his reappointment due to low returns on equity. Traders should watch how these governance changes might impact SoftBank's stock.
04:43am, Tuesday, Jun 25, 2024
Boeing (NYSE: BA) has offered to acquire Spirit AeroSystems Holdings (NYSE: SPR) for $35 per share, a 6% premium. The stock-based deal aims to strengthen Boeing's supply chain, but Airbus's concerns may force Spirit to divest key plants. Ongoing negotiations signal imminent announcements.
04:39am, Tuesday, Jun 25, 2024
Airbus (EPA: AIR) shares fell 10% after revising its 2024 jet delivery forecast to 770, down from 800, due to supply chain issues. A provision charge in its space segment led to a lowered operating income outlook. Traders should expect potential volatility.
08:18am, Monday, Jun 24, 2024
Bank of America projects gold prices could reach $3,000 per ounce within 12-18 months, driven by potential Federal Reserve rate cuts and central bank purchases. Currently, gold averages $2,200 per ounce. Traders should monitor central bank activities and Fed policies.
08:13am, Monday, Jun 24, 2024
Oil prices rise amid increased summer demand and geopolitical tensions. Brent and WTI futures surge 0.5%, continuing a two-week gain. U.S. oil inventories drop while gasoline demand soars. Analysts and traders remain optimistic, despite a strong dollar and Fed rate concerns.
08:10am, Monday, Jun 24, 2024
Trump Media & Technology Group (DJT) stock surged 7% in premarket trading following news of securing $69.4M from warrant exercises, with potential for a total of $247M. The SEC-approved Form S-1 also unlocks $40M in restricted cash, enhancing financial flexibility.
09:56am, Friday, Jun 21, 2024
Housing Market Sentiment Hits New Low, Impacting Stock Investments and GDP
Recent reports show a significant dip in housing sentiment, driven by mortgage rates near 7% and high home prices. Fannie Mae's Home Purchase Sentiment Index fell to 69.4, impacting Q2 GDP forecasts. Traders should reasse...
05:12am, Friday, Jun 21, 2024
Palantir Technologies (NYSE: PLTR) surged 10.8% this week, buoyed by new contracts and a "buy" rating from Argus Research. Analyst Joseph Bonner highlighted Palantir's AI edge and strong commercial growth, though its lofty valuation suggests potential volatility.
05:11am, Friday, Jun 21, 2024
Dell Technologies (NYSE: DELL) requires on-site work for promotions, but nearly half of its U.S. staff prefer remote work. With policies tracking attendance, resistance remains strong due to personal and logistical benefits. Industry-wide, hybrid work sees higher job satisfaction and productivity.
05:06am, Friday, Jun 21, 2024
China urges Visa (NYSE: V) and Mastercard (NYSE: MA) to cut bank card transaction fees to 1.5% from the current 2-3% range. This move could impact revenue but aims to ease payments for international visitors. Stay tuned for further developments.
05:05am, Friday, Jun 21, 2024
**SoftBank CEO Reveals Bold AI Ambitions at AGM**
TOKYO (Reuters) - SoftBank Group (TYO: 9984) CEO Masayoshi Son aims to surpass human intellect with artificial super intelligence (ASI), outpacing it by 10,000 times. The company's AI and robotics focus entails massive capital and partnerships. T...
04:58am, Friday, Jun 21, 2024
Global Infrastructure Partners (GIP) confirmed BlackRock won't join the privatization of Malaysia Airports (MAHB) amid backlash over BlackRock's alleged Israel ties. GIP, alongside Khazanah Nasional, seeks to value MAHB at $3.9B. This move comes amid protests in Malaysia, a supporter of Palestini...
04:56am, Friday, Jun 21, 2024
Huawei tops tech strides: HarmonyOS now in 900M devices, ranks second in China. Huawei (SHENZHEN: 002502) achieves AI success, outpacing Western rivals. Sales of Harmony-equipped phones rise 68%. Watch this evolving tech giant's market impact. #Huawei #TechStocks #AI
04:52am, Friday, Jun 21, 2024
Paul Wick of Seligman Investments trims Nvidia (NVDA) stake, citing growth concerns. Nvidia, reliant on top 10 clients for 60-70% revenue, draws parallels with dot-com era Cisco. Despite AI-driven surge, long-term sustainability questioned. Keep Nvidia on watch.
07:41am, Thursday, Jun 20, 2024
The Bank of England held its interest rate at 5.25%, its highest in 16 years, amidst economic uncertainty and political pressure. Despite inflation nearing the 2% target, BoE Governor Andrew Bailey emphasized the need for stability before cutting rates. Market reactions anticipate future rate cut...
07:37am, Thursday, Jun 20, 2024
Nvidia (NASDAQ: NVDA) has overtaken Microsoft (NASDAQ: MSFT) as the world's most valuable publicly traded company, with a market cap exceeding $3.3 trillion. Driven by AI advancements, Nvidia's stock has surged over 200% in the past year, hinting at continued growth similar to past leaders like A...
03:16am, Thursday, Jun 20, 2024
Guzman Y Gomez (ASX: GYG) debuted on the Australian Stock Exchange with a 36% rise in share price, closing at AUS$30. The IPO raised AUS$335.1 million, boosting market capitalization to AUS$3 billion. Despite a net loss forecast for 2024, GYG plans aggressive store expansion.
03:11am, Thursday, Jun 20, 2024
Get a steady income with top S&P 500 dividend stocks. Altria (MO) offers an 8.8% yield but faces industry challenges. Verizon (VZ) delivers a stable 6.7% yield with potential growth. Walgreens (WBA) shows a 6.4% yield but comes with high risk. Choose wisely!
03:05am, Thursday, Jun 20, 2024
Nvidia (NVDA) vs. Broadcom (AVGO): Long-Term Investment Showdown
Choosing between Nvidia and Broadcom for a long-term investment hinges on understanding their strengths. Nvidia excels in GPU tech and AI growth, making it ideal for aggressive investors. Broadcom offers stability through its diver...
03:00am, Thursday, Jun 20, 2024
McDonald's (NYSE: MCD) ends its AI voice ordering tech partnership with IBM (NYSE: IBM) and plans to implement a new solution by year’s end. This move highlights potential growth for SoundHound AI (NASDAQ: SOUN), which already has successful engagements in the QSR sector. Investors eyeing SoundHo...
08:00am, Wednesday, Jun 19, 2024
Gold prices dipped slightly amid Juneteenth's muted trading, affected by the Federal Reserve's updated interest rate forecast. Despite this, robust central bank demand supports long-term bullish trends. Platinum and silver saw minor gains, while copper prices rebounded.
05:18am, Wednesday, Jun 19, 2024
Warren Buffett's Berkshire Hathaway increases its stake in Occidental Petroleum (NYSE: OXY) to nearly 29%, purchasing an additional 7.3 million shares. Occidental's stock gains 1%, now trading above $61. Berkshire's oil asset investments now approach $43 billion. Read more at StockInvest.us.
05:13am, Wednesday, Jun 19, 2024
Trump Media & Technology Group (TMTG) shares nosedive 15% following SEC approval for warrant swaps, adding to a 36% monthly decline. The move, meant to raise up to $247M, dilutes shareholder value, triggering market volatility. CEO Nunes remains optimistic despite pressures.
05:10am, Wednesday, Jun 19, 2024
Just Eat Takeaway (AMS: TKWY) partners with Amazon (NASDAQ: AMZN) to offer free delivery for Prime members in Germany, Austria, and Spain on orders over 15 euros. This strategic move could boost Just Eat's market position and enhance Amazon Prime's appeal.
03:33pm, Tuesday, Jun 18, 2024
Nvidia surpasses Microsoft to become the world's most valuable public company, driven by a surge in AI chip demand and impressive market performance.
09:09am, Tuesday, Jun 18, 2024
Apple ends Pay Later program, S&P 500 reaches record high driven by tech stocks, Nvidia's influence in tech index rises. Learn about the latest financial updates.
05:03am, Tuesday, Jun 18, 2024
Germany's property market faces a severe downturn as building permits plummet by 17% in April year-over-year, marking a stark 44% drop over the past two years. This downturn, fueled by aggressive ECB rate hikes, signals potential turbulence for construction and real estate stocks.
04:51am, Tuesday, Jun 18, 2024
Shell (LON: SHEL) to acquire Singapore's Pavilion Energy from Temasek, enhancing its LNG portfolio with significant new volumes and operational flexibility. The deal includes 6.5 mtpa supply contracts, regasification capacities in Europe and Singapore, and LNG bunkering. Completion is expected by...
04:44am, Tuesday, Jun 18, 2024
Fisker (OTC: FSRN) files for bankruptcy protection, struggling with cash burn and delivery issues of its "Ocean" SUVs. The company seeks asset sale and restructuring. Alongside other EV makers, Fisker faces supply chain crises, regulatory scrutiny, and halted manufacturing.
04:39am, Tuesday, Jun 18, 2024
Blackstone (NYSE: BX) to acquire Infocom (TSE: 4348) for $1.74 billion, driving Japanese M&A to a record $35.5 billion in 2023. Infocom’s stock soars, Teijin (TSE: 3401) to offload 58% stake, netting 105 billion yen. This landmark deal underscores Japan’s growing appeal to global investors.
08:14am, Monday, Jun 17, 2024
Monday Markets: "Disney-Pixar's Inside Out 2 breaks records, TDK unveils advanced battery material, and China's industrial production slows amidst property market decline.
06:20am, Monday, Jun 17, 2024
Tempus AI, Inc. (NASDAQ: TEM) announces its IPO, offering 11.1M shares at $37 each, targeting $410.7M gross. Underwriters have a 30-day option for an additional 1.67M shares. Trading starts June 14, 2024, on Nasdaq under "TEM". Lead underwriters: Morgan Stanley, J.P. Morgan, Allen & Company.
06:17am, Monday, Jun 17, 2024
Shares of SoFi Technologies (NASDAQ: SOFI) are down 74% from their peak, but have surged 48% since early 2023. Despite strong competition and a focus on personal loans, SoFi's digital-only strategy, impressive growth, and recent profitability make it an enticing buy. Evaluate both bearish and bul...
06:11am, Monday, Jun 17, 2024
Discover the allure of dividend stocks with insights into AbbVie (NYSE: ABBV) and Visa (NYSE: V). AbbVie thrives on innovation, ensuring resilient payouts with a 3.6% yield, while Visa's 420% dividend surge over a decade underscores its growth potential. Read more!
06:09am, Monday, Jun 17, 2024
**Berkshire Hathaway Trims Stake in BYD, Fetches $39.8 Million**
Berkshire Hathaway (NYSE: BRKa) offloaded 1.3M shares of electric vehicle maker BYD (SZ: 002594) for HK$310.5M ($39.8M), reducing its H-share stake from 7.02% to 6.90%. This strategic move could reflect diversification efforts amid...
06:03am, Monday, Jun 17, 2024
Goldman Sachs raises its year-end target for the S&P 500 to 5600, driven by strong earnings from mega-cap tech stocks like Microsoft (NASDAQ: MSFT) and Nvidia (NASDAQ: NVDA). The S&P 500 has gained 15% YTD, fueled by AI growth.
08:56am, Friday, Jun 14, 2024
Markets hit record highs as inflation eases, Adobe shares soar on strong earnings, and Netflix explores live sports broadcasting. Key economic data reviewed."
05:53am, Friday, Jun 14, 2024
Wells Fargo (NYSE: WFC) has dismissed over a dozen employees from its wealth-management unit for allegedly using "mouse movers" to fake productivity amid strict return-to-office policies. This move underscores the bank's commitment to ethical practices and could influence investor sentiment, espe...
05:51am, Friday, Jun 14, 2024
AstraZeneca (NASDAQ: AZN) shines with a robust oncology portfolio, highlighted by significant advances in treatments like Tagrisso and promising CAR-T therapies for liver cancer. CFO Aradhana Sarin emphasizes strong future prospects, aiming for $80B revenue by 2030.
05:48am, Friday, Jun 14, 2024
U.S. District Judge Margo Brodie in Brooklyn is expected to reject Visa's (NYSE: V) and Mastercard's (NYSE: MA) $30 billion antitrust settlement. The decision could impact their stock performance and regulatory outlook, affecting traders closely monitoring these financial giants.