Reported about 1 month ago
Bilibili Inc. (NASDAQ:BILI) experienced an 8.28% surge in its stock price, closing at $21.06, driven by a positive outlook from Zacks Research, which cites significant improvements in earnings predictions. The company's net loss for Q1 was reduced by 99%, while revenues rose by 25%. Analysts project earnings per share of $0.16 for the current quarter, indicating a remarkable 277.78% increase from last year.
Source: YAHOO
Reported about 1 month ago
SharpLink Gaming, Inc. (NASDAQ:SBET) has seen a rise of 9.09 percent to $37.07 per share, driven by investor optimism that Ethereum prices could reach $4,000, marking a potential 48-percent increase from the current $2,700. The company's recent announcement of raising $425 million for an Ethereum treasury further boosts this sentiment, as analyst Peter Brandt expresses confidence in Ethereum's upward trend.
Source: YAHOO
Reported about 1 month ago
Circle Internet Group (CRCL) experienced a remarkable 10.66% increase in its stock price, closing at $117.20, following the successful raising of $1.1 billion through an upsized IPO. In just five days of trading, CRCL shares surged by 289%, marking it as one of the top-performing stocks recently. CEO Jeremy Allaire emphasized the company's reputation for regulation and transparency in the cryptocurrency space.
Source: YAHOO
Reported about 1 month ago
US stock markets saw gains on Thursday, led by the Dow, S&P 500, and Nasdaq, as President Trump urged the Federal Reserve for a significant rate cut, despite renewed tariff threats against trading partners. The Dow gained over 0.2%, with Boeing's shares affected by a recent plane crash. The dollar fell to a three-year low amidst new tariff concerns and mild inflation data, while investors prepared for potential interest rate cuts later this year amid ongoing trade tensions.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
The discussion on The Big Idea with Elizabeth Gore focuses on how small businesses can leverage AI to streamline operations and enhance efficiency. Highlighting insights from Zaw Thet, CEO of Exer AI, the episode covers practical applications, including using AI for scheduling, marketing, and problem-solving. The conversation emphasizes the importance of integrating AI tools into existing software and making processes easier for business owners, ultimately allowing them to reclaim time and address staffing challenges.
Source: YAHOO
Reported about 1 month ago
The recent immigration raids across the U.S., particularly in Los Angeles, have led to protests and have put companies like Home Depot in a difficult position due to their dependence on migrant labor. As the Trump administration intensifies immigration enforcement, Home Depot faces the risk of losing essential workers who form a critical part of the labor force in construction and other sectors. Experts highlight the potential repercussions on businesses, labor markets, and overall economic activity, noting that removing migrant workers could lead to significant disruptions in various industries.
Source: YAHOO
Reported about 1 month ago
Apple has internally set a target for a delayed upgrade of Siri, aiming for a spring 2026 release as part of its iOS 26.4 update. This redesign is expected to enable Siri to utilize personal data and on-screen activities to better assist users. The updates have faced significant delays due to engineering challenges, having initially been planned for launch alongside the iPhone 16 in 2024. Apple's AI teams are undergoing internal changes, and while the new features are highly anticipated, the timeline remains flexible as further development proceeds.
Source: YAHOO
Reported about 1 month ago
Boeing's stock experienced a significant drop of 4.8% after an Air India Boeing 787 Dreamliner crashed shortly after takeoff from Ahmedabad. This incident marks the first complete loss of a Dreamliner since its introduction in 2011. With at least 200 fatalities confirmed from the 242 passengers aboard, analysts expressed concerns that this crash could undermine investor confidence in Boeing, which had previously seen stock gains of nearly 25% this year after a tumultuous 2024.
Source: YAHOO
Reported about 1 month ago
Oracle's stock skyrocketed over 13% to an all-time high of $199.87 following strong fiscal fourth quarter results, with revenue of $15.9 billion and earnings per share of $1.70 exceeding analyst expectations. The company expects robust demand for its AI cloud services, raising its revenue forecast for fiscal 2026 to at least $67 billion. Analysts have responded positively, with several raising price targets for the stock up to $240. Oracle aims to invest significantly in its Stargate AI project amidst challenges from ongoing trade issues.
Source: YAHOO
Reported about 1 month ago
President Trump faces a contradiction in his desire for lower interest rates while imposing tariffs that could raise inflation. Despite recent inflation data showing stability, Trump and his allies criticize the Federal Reserve for not cutting rates. However, economic experts argue that the Fed must maintain its stance to avoid exacerbating inflation, which could rise due to Trump's tariffs. The Fed's reputation and market stability depend on navigating these complex interactions, cautioning against immediate rate cuts without seeing the full impact of tariffs.
Source: YAHOO
Reported about 1 month ago
Recent anxieties over the safety of US government bonds have been alleviated as a strong demand was observed during a 30-year bond auction, resulting in lower yields. Despite concerns about the implications of Trump's tax bill on the federal deficit, the Treasury Department successfully sold $22 billion worth of these bonds, highlighting restored investor confidence for now. Previous auctions also indicated solid demand, suggesting that while fears affected the bond market, U.S. Treasuries remain a favored investment, at least temporarily.
Source: YAHOO
Reported about 1 month ago
The US dollar is currently experiencing a decline amid recent economic data and potential tariffs from President Trump. Market strategist Art Hogan discusses the implications of these factors on the dollar and bond markets, noting that a weaker dollar may benefit American multinationals with international sales. As businesses prepare for earnings reports, the upcoming budget bill and trade negotiations will play crucial roles in shaping market performance.
Source: YAHOO
Reported about 1 month ago
AMD has launched its new MI350 line of AI chips, including the MI350X and MI355X, aiming to rival Nvidia's Blackwell processors by offering significantly improved performance and memory capacity. Alongside these chips, AMD introduced the AMD Developer Cloud, allowing developers cloud access to its powerful AI processors without needing to invest in hardware. This comes as both companies face challenges related to export controls affecting their businesses.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Boeing's stock plummeted by over 4% after an Air India plane, a Boeing 787-8 Dreamliner, crashed shortly after takeoff near Ahmedabad, resulting in 241 fatalities. The incident marked the first deadly accident involving the Dreamliner since 2011. Boeing CEO Kelly Ortberg expressed condolences and stated that the company is ready to assist in the investigation. The crash poses a significant setback for Boeing, which had seen a strong performance in shares earlier in the year.
Source: YAHOO
Reported about 1 month ago
Wedbush analysts have termed Oklo a 'clear leader' in the surging demand for nuclear energy, particularly following the company's recent contract with the Department of Defense to power an Air Force base. The analysts raised their price target for Oklo shares significantly, citing the growing need for clean energy as data centers expand. Oklo's innovative business model positions it well to benefit from this upswing in energy demand, reinforced by supportive government initiatives.
Source: YAHOO
Reported about 1 month ago
The International Monetary Fund (IMF) announced that its upcoming global growth forecast in July will consider recent trade developments, both positive and negative, but will not predict a similar GDP downgrade as the World Bank. IMF spokesperson Julie Kozack highlighted beneficial changes, such as recent tariff reductions between the U.S. and China, while also acknowledging ongoing uncertainties in trade negotiations. The IMF's next World Economic Outlook will be updated by the end of July, and the economic landscape remains complex with mixed indicators affecting growth expectations.
Source: YAHOO
Reported about 1 month ago
Bitcoin has now surpassed $100,000 for over a month, during which U.S. Treasury Secretary Scott Bessent projected a potential $2 trillion market for stablecoins. Expert Andy Baehr highlights this period of stability as investors and lawmakers increasingly recognize the role of stablecoins in the market. While the short-term direction remains uncertain, long-term optimism around Bitcoin and stablecoins appears strong, with institutional interest growing steadily.
Source: YAHOO
Reported about 1 month ago
BlackRock CEO Larry Fink has confirmed that he does not intend to leave the company anytime soon, despite recent executive departures. He emphasized the importance of leadership development and mentioned that they are actively preparing the next generation of leaders at BlackRock. Fink also highlighted recent significant investments made by the firm.
Source: YAHOO
Reported about 1 month ago
President Trump's latest tax and spending bill is poised to disadvantage American critical minerals companies by eliminating a crucial tax credit that supports the domestic production of vital materials like nickel and rare earths, essential for advanced technology and defense. This comes as lawmakers debate the bill, which prioritizes tax cuts and defense spending, putting companies at risk of closure without government support amid rising competition from China.
Source: YAHOO
Reported about 1 month ago
The average long-term mortgage rate in the US has decreased slightly to 6.84% for the second consecutive week, though borrowing costs remain high. Compared to last year's average of 6.95%, this week's decline is modest, driven by factors such as the Federal Reserve's interest policies and treasury yields. While rising rates have dampened the housing market, mortgage applications recently saw an uptick due to increased inventory, suggesting potential changes in buyer activity.
Source: YAHOO
Reported about 1 month ago
In a press conference, President Trump stated that he would not fire Federal Reserve Chair Jerome Powell but indicated he might need to take action to push for lower interest rates. Trump criticized Powell for not reducing rates and expressed his frustration over rising oil prices.
Source: YAHOO
Reported about 1 month ago
In today's stock market, Oracle stood out as the top performer in the S&P 500 after exceeding profit and sales forecasts, buoyed by rising demand for its cloud infrastructure. Meanwhile, Boeing's shares plummeted following a tragic crash of one of its 787 aircraft in India. Overall, U.S. equities displayed mixed results, with the S&P 500 and Nasdaq gaining ground while the Dow Jones dropped. Other notable movements included a surge in CureVac shares after its acquisition by BioNTech and declines for GameStop and Oxford Industries.
Source: YAHOO