Shares in artificial intelligence and cloud-computing-related companies were rising sharply before the bell Thursday after Meta Platforms and Microsoft results beat Wall Street expectations. The reports appeared to boost demand for shares in AI chip leader Nvidia Corp, which rose 2.8% in late trading Wednesday just after the earnings reports, and chip rival Advanced Micro Devices, which rose 2%. … Continue reading Microsoft, Meta jump 9% and 6%, raising value of AI-related stocks
The White House’s TikTok deal has devolved into quite a spectacle. Ahead of the Saturday (Apr 5) deadline for the app to divest from its Chinese parent company or face a United States ban, we still don’t have an answer on how it might do this. A flurry of last-minute interest has emerged, with players from Amazon … Continue reading GAME PLAN: China to decide Tik Tok’s fate in US
Ryanair shares are sliding, reports confirm today. Ryanair shares have slumped after the company said it would cut passenger traffic estimates for next year. Chief executive Michael O'Leary blamed uncertainty over how many aircraft it would receive from Boeing. The discount airline's stock dropped 2%. Mr O'Leary told Reuters the company was supposed to get … Continue reading What’s happening to Ryanair?
A Tesla shareholder filed a lawsuit on Thursday (May 30) accusing CEO Elon Musk of insider trading when he sold over US$7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the … Continue reading Tesla shareholder sues Elon Musk for alleged US$7.5 billion insider trading
Tokyo stocks closed lower on Monday, as investors stayed cautious before the release of earnings reports by major Japanese companies later this week. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 49.65 points, or 0.13 percent, from Friday at 38,179.46. The broader Topix index, meanwhile, finished 4.13 points, or 0.15 percent, … Continue reading Tokyo stocks nosedive amid caution ahead of earnings reports
A much better-than-expected jobs report ignited stock markets in the U.S, on Friday with all the major indices notching up strong gains. The U.S. dollar rocketed higher. 353 jobs were added to the economy last month although the unemployment rate was unchanged at 3.7 percent. "Today, the Bureau of Labor Statistics reported that the American … Continue reading U.S. stocks increase value due to employment rate changes in January 2024
U.S. stocks soared on Wednesday after the Federal Reserve left official interest rates unchanged and signaled three rate cuts are on the horizon. The news sent the Dow Jones industrials above 37,000 to touch a new record high. "The Fed has given the market an early holiday gift today when, finally, for the first time, … Continue reading U.S. stocks jump sharply on foreshadowed rate cuts
Despite economic data showing the labor market was easing and inflation in retreat, U.S. stocks soared on Thursday. "There is a little bit of a follow through from yesterday, and then this morning, we got some of the productivity and unit labor cost numbers, and the unit labor cost numbers are actually negative," Megan Horneman, … Continue reading US stocks rise as Nasdaq gains 233 points
Photo by Burak the Weekender on Pexels.com Nigerian stocks attained their peak level ever on Tuesday as the all-share index, which measures the overall performance of equities climbed 0.5 per cent to 66,490.3 basis points on the back of a series of market-friendly reforms helping Africa’s largest economy restore investor confidence to its markets Tuesday’s … Continue reading Nigerian Stocks More Profitable Now Than Ever
Photo by cottonbro CG on Pexels.com Diamond hands is a slang term for an investor who refrains from selling an investment (such as stock shares) despite downturns or losses. It can also refer to such an investor’s resolve or stubbornness. The term is often used positively to refer to an investor who doesn’t panic when their investment decreases or … Continue reading What does diamond hands mean?
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