S&P 500 Hits Record High; Longboard Pharmaceuticals Surges 51%, Tech Stocks Rally
S&P 500 Hits Record High; Dow Gains as Longboard Pharmaceuticals Surges 51% and Tech Stocks Rise S&P 500 Reaches Record High: The index closed at 5,859, driven by gains in tech stocks and anticipation of major earnings reports this week. Longboard Pharmaceuticals Jumps 51%: Shares surged after the announcement of a $2.6 billion acquisition deal […]
S&P 500, Dow Hit Record Highs, Oil Prices Slump Amid China Concerns
S&P 500, Dow Notch Record Closing Highs as Crude Slumps Major Indexes Set Record Highs: The S&P 500 and Dow Jones hit record closing highs on Monday, driven by strong tech performance. Crude Prices Decline: Oil prices dropped as concerns over China’s economy weighed on global demand outlook. No Major Earnings or Economic Data: The […]
Should You Buy Plug Power Stock While It’s Below $4?
Should You Buy Plug Power Stock While It’s Trading Below $4? A Closer Look at the Hydrogen Pioneer’s Future Plug Power’s stock has collapsed over the past 25 years, losing about 99% of its value since its IPO in 1999. The company has struggled with the slow adoption of hydrogen charging solutions, but insiders and […]
MicroStrategy Stock Rises 550% in 2024: Should You Invest?
MicroStrategy Stock Rises 550% in 2024: Should You Invest? MicroStrategy (NASDAQ: MSTR) has been one of the top-performing stocks in the U.S. markets throughout 2024. Its remarkable surge of 552.52% over the past year has captured the attention of investors, as the stock climbed from around $32 in October 2023 to an all-time high of […]
Tesla’s Robotaxi Event Disappoints Wall Street Bull; Key Questions Remain
One of Tesla’s Biggest Bulls ‘Disappointed’ After Robotaxi Event Tesla’s much-anticipated Robotaxi event left one of its most ardent supporters on Wall Street underwhelmed. Adam Jonas, one of Tesla’s top bulls from Morgan Stanley, expressed disappointment after the event, citing a lack of concrete details surrounding the autonomous taxi plans. The presentation of Tesla’s futuristic […]
US Stocks Mixed Amid Major Bank Earnings and Inflation Data; JPMorgan, Wells Fargo Rise, Tesla Falls
US Stocks Mixed After Major Bank Earnings, PPI Data Overview U.S. stocks experienced mixed performance on Friday, following quarterly earnings reports from major banks and a key inflation reading. The mixed results reflect investor sentiment around corporate performance and broader economic concerns, particularly around inflation and interest rates. At 09:35 ET (13:35 GMT), the Dow […]
Lloyd’s of London Warns: Geopolitical Conflicts Could Cost Global Economy $14.5 Trillion
Geopolitical Strife Could Cost Global Economy $14.5 Trillion Over 5 Years – Lloyd’s of London Lloyd’s of London has issued a warning that global geopolitical conflicts could lead to a staggering $14.5 trillion loss for the world economy over the next five years. The loss would stem primarily from disruptions in critical supply chains and […]
Tech Rally Drives S&P 500 to Record High as Dow Jumps 400 Points
Tech Rally Boosts S&P 500 to Record High as Microsoft, Amazon, and Apple Lead; Dow Jumps 400 Points U.S. stocks surged for the second consecutive day on Wednesday, with the S&P 500 hitting a record high, driven by a strong rally in technology stocks. Investors appeared unfazed by ongoing geopolitical risks. The S&P 500 rose […]
Adastra Announces 10:1 Share Consolidation Amid Market Expansion
Adastra Holdings Announces 10:1 Share Consolidation Langley, British Columbia – Adastra Holdings Ltd. (CSE: XTRX) (FSE: D2EP) has announced a 10:1 share consolidation pending approval from the Canadian Securities Exchange (CSE). The cannabis company, known for its top-tier Canadian concentrate brands, will consolidate its shares, reducing the number of issued and outstanding common shares from […]
PepsiCo Cuts Sales Outlook After Weak Q3 Results
PepsiCo Posts Weaker-Than-Expected Q3 Results, Cuts FY Sales Outlook Again PepsiCo reports a decline in third-quarter revenue and profit, citing the impact of inflation on consumer spending. The company reduced its full-year sales outlook for the second consecutive quarter, expecting only a low-single-digit sales increase, down from a previous estimate of 4% growth. Inflation continues […]