Sign In
News Digest /
Latest Stock Market News
Latest Stock Market News
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.
05:44am, Friday, Jun 14, 2024
Adobe Inc. (NASDAQ: ADBE) showcases robust performance in Q2 FY 2024 with a record revenue of $5.31 billion, marking an 11% YoY increase. AI-driven innovations and heightened financial targets highlight future growth prospects. Keep an eye on ADBE for market strength and AI advancements.
04:23am, Friday, Jun 14, 2024
India's WPI surged 2.61% YoY in May, driven by soaring food costs, outpacing economists' 2.5% forecast. Food prices spiked 7.4%, with vegetables up 32.42%. Manufactured goods and fuel also saw price increases. Retail inflation eased to 4.75%, but high food inflation looms.
09:35am, Thursday, Jun 13, 2024
Lovesac (NASDAQ: LOVE) reported a narrower-than-expected Q1 fiscal 2025 loss of -$0.83 per share, beating forecasts of -$0.95. Revenue hit $132.6 million, surpassing the expected $128.08 million. Despite solid results, shares dipped 1.8%. The company reaffirmed strong full-year projections.
08:49am, Thursday, Jun 13, 2024
Wholesale prices fell in May, signaling a retreat in inflation. Markets reacted positively to the Fed's announcements, with the S&P 500 and Nasdaq reaching new highs.
06:57am, Thursday, Jun 13, 2024
Top investors are turning to high-yield dividend stocks despite market buzz. Key picks include Verizon Communications (NYSE: VZ) with a 6.58% yield, Pfizer (NYSE: PFE) at 5.99%, and AGNC Investment (NASDAQ: AGNC) boasting a 15.06% yield.
04:45am, Thursday, Jun 13, 2024
FedEx (NYSE: FDX) plans to cut 1,700-2,000 back-office jobs in Europe to counteract falling freight demand and aim for $125-$175 million in annual savings by fiscal 2027. The move, part of a larger $4 billion cost-reduction strategy, will have a pre-tax impact of $250-$375 million.
04:33am, Thursday, Jun 13, 2024
Broadcom Announces First Stock Split Since 2016 Amid 167% Surge: A Strategic Move in AI's Golden Era
Broadcom (NASDAQ: AVGO) shines in the AI sector with a 167% stock surge since last year, driven by robust financials and a 10-for-1 stock split announcement. Broadcom's AI-related revenues hit $3.1 billion, marking 25% of total revenue, and a recent 34% stock boost in 2024 underscores its growth ...
04:31am, Thursday, Jun 13, 2024
Samsung Electronics' Jay Y. Lee recently engaged with key executives from Meta, Amazon, and Qualcomm, discussing collaboration on AI, cloud computing, and semiconductor technology. These strategic alliances signal Samsung's drive to dominate the semiconductor sector and emerging tech markets.
03:43am, Thursday, Jun 13, 2024
Get insights on Adobe's expected Q2 earnings, revenue forecasts, and market performance.
08:38am, Wednesday, Jun 12, 2024
EU imposes higher tariffs on Chinese EVs due to unfair subsidies. S&P 500 and Nasdaq reach new highs. Key stock movements and Fed's inflation data release in focus.
08:09am, Wednesday, Jun 12, 2024
Learn why this stock's freshly issued Golden Star Signal can be interesting for strategic investors, highlighting its technical strength and growth potential.
05:30am, Wednesday, Jun 12, 2024
Discover why Palantir Technologies (NYSE: PLTR) stands out in the tech landscape. Known for pioneering data analytics and securing high-profile contracts, Palantir's innovation and strategic client partnerships make it a firm to watch. Diversify to mitigate risks. #Investing #StockMarket #PLTR
05:21am, Wednesday, Jun 12, 2024
Amazon Flex drivers file significant arbitration claims against Amazon.com (NASDAQ: AMZN), arguing misclassification as contractors. Representing 15,800 drivers, the claims address unpaid wages, overtime, and job expenses. Legal disputes raise concerns for Amazon's operational costs.
05:16am, Wednesday, Jun 12, 2024
Elon Musk faces a lawsuit from Tesla shareholders (NASDAQ: TSLA) over alleged insider trading and misuse of company resources. The Employees' Retirement System of Rhode Island claims Musk sold $30 billion in shares before bad news hit Tesla’s stock. This lawsuit coincides with a regulatory probe ...