Reported about 2 months ago
Rocket Lab Corp. (NASDAQ:RKLB) experienced a 9.34% increase in share prices on Friday, closing at $28.92 as investors geared up for the company's upcoming mission, The Mountain God Guards, set to launch on Tuesday. This mission, in collaboration with Japan's iQPS, involves deploying a synthetic aperture radar imaging satellite, further marking Rocket Lab's 8th mission this year and its ongoing commitment to Earth monitoring services.
Source: YAHOO
Reported about 2 months ago
Riot Platforms, Inc. (NASDAQ:RIOT) experienced a significant share price increase of 9.57% on Friday, closing at $9.85, following a rally in Bitcoin prices. The surge was fueled by Riot's recent announcement of a 11% increase in Bitcoin production last month, mining 514 Bitcoins compared to 463 in April, alongside an improved hash rate. The company also acquired additional land near its Corsicana site to develop data centers, further supporting its growth strategy.
Source: YAHOO
Reported about 2 months ago
NuScale Power Corporation (NYSE:SMR) saw its stock price jump 10.66% to $34.36 on Friday, ending a three-day decline. This surge followed the inauguration of the E2 energy exploration center in partnership with George Mason University, which provides students with practical training in nuclear energy operations. The facility aims to foster innovation and prepare a skilled workforce for the future of clean energy, according to CEO John Hopkins.
Source: YAHOO
Reported about 2 months ago
D-Wave Quantum Inc. (NYSE: QBTS) saw its stock rise by 13.05% to $18.62 on Friday, spurred by the launch of its new quantum computer, the Advantage2, which is now available for general market use. This advanced system boasts over 4,400 qubits and major enhancements in performance, targeting applications in optimization, materials simulation, and artificial intelligence. Additionally, the company raised $95.8 million from the issuance of warrants linked to its previous merger with DPCM Capital Inc.
Source: YAHOO
Reported about 2 months ago
QXO, Inc. (NYSE:QXO) experienced a significant increase of 13.43% on Friday, closing at $19 per share, driven by a bullish rating from Wolfe Research, which set a price target of $44—signifying a potential 131% upside. The firm praised QXO's strong EBITDA growth and its strategic acquisitions, notably its recent $11 billion acquisition of Beacon Roofing Supply, making it the largest distributor in its sector in the U.S.
Source: YAHOO
Reported about 2 months ago
Hut 8 Corp. (NASDAQ:HUT) experienced a significant 13.79% increase in share prices on Friday, closing at $18.57, after Roth Capital initiated coverage with a 'buy' recommendation and a price target of $25. This bullish outlook highlights Hut 8's transformation into a power-focused digital infrastructure platform, underscored by its ability to efficiently allocate resources and optimize costs in the cryptocurrency mining sector.
Source: YAHOO
Reported about 2 months ago
Quantum Computing Inc. (NASDAQ:QUBT) experienced a significant increase of 15.81% on Friday, reaching $13.70 per share after receiving an upgraded rating from Ascendiant Capital Markets, which raised its price target from $14 to $22. This positive response was fueled by the company's impressive turnaround, reporting a net income of $16.98 million in the first quarter compared to a $6.4 million loss the previous year, largely due to a non-cash gain from its merger with QPhoton.
Source: YAHOO
Reported about 2 months ago
Recursion Pharmaceuticals (NASDAQ:RXRX) saw a remarkable 20.13% increase in its stock price on Friday, closing at $5.49. This surge was driven by the announcement of Boltz-2, a next-generation AI model designed to predict binding affinity more effectively than earlier models. Powered by NVIDIA supercomputing technology, Boltz-2 aims to enhance drug discovery by allowing research teams to identify promising compounds with unprecedented speed and accuracy.
Source: YAHOO
Reported about 2 months ago
Circle Internet Group (CRCL) experienced a remarkable 29.40% increase in share price on its second day of trading, closing at $107.7 per share. Since its public listing on June 5, the stock has soared by 247% from its IPO price of $31. CEO Jeremy Allaire emphasized the company's commitment to compliance and transparency, factors which have contributed to its strong market performance.
Source: YAHOO
Reported about 2 months ago
Costco's stock (COST) is gaining attention as a potentially smarter investment than major tech companies, despite its high valuation. The warehouse retailer benefits from a stable business model rooted in recurring revenue from membership fees, which provides predictable profits even in tough economic times. While its pricing may seem inflated compared to tech giants, the low-risk profile and consistent growth amid market challenges suggest that Costco's premium valuation could be justified. Analysts maintain a cautiously optimistic outlook, favoring Costco for its steadfast business model and potential for long-term growth.
Source: YAHOO
Reported about 2 months ago
European Central Bank President Christine Lagarde expressed confidence in the ECB's current interest rate strategy, indicating they are well-positioned to meet medium-term inflation targets. Following recent rate adjustments, she noted that policymakers will remain vigilant regarding incoming data while also highlighting the impact of external factors, such as U.S. trade policies, on future decisions. Lagarde asserted that the ECB has effectively reduced inflation from over 10% to the target level of 2%, but warned that substantial tariffs on European goods could negatively affect international trade.
Source: YAHOO
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
The recent IPO of Circle Internet Group, a digital payments company known for its stablecoin, has taken Wall Street by storm. Listing on June 5, the stock surged 168% on its debut, raising nearly $1.1 billion. This landmark IPO not only reflects a growing acceptance of stablecoins in financial markets but also suggests an increasing willingness for tech companies to go public, potentially paving the way for future IPOs in the industry.
Source: YAHOO
Reported about 2 months ago
Vincent Chan, a financial TikToker, emphasizes that making your children wealthy is simpler than many parents believe. He advocates for establishing a 529 Plan, a tax-advantaged account for education that allows significant contributions, and encourages investing the funds in diversified ETFs to promote growth over time. Chan also highlights the importance of good money habits, suggesting that parents create budgets, seek additional income, and remain disciplined in their financial goals to secure a prosperous future for their children.
Source: YAHOO
Reported about 2 months ago
Veteran analyst Willie Delwiche assesses the recent stock market rally, emphasizing the need for new highs to confirm a lasting recovery rather than a temporary bear-market bounce. While the S&P 500 has struggled since its mid-May gains, Delwiche notes improved international market strength and suggests that gold may be a worthwhile investment as it continues to trend positively in contrast to other commodities.
Source: YAHOO
Reported about 2 months ago
The latest CSCMP 'State of Logistics Report' reveals that the trucking industry is grappling with high logistics costs, stagnant rates, and ongoing capacity issues despite hopes for recovery. Small carriers are advised to focus on financial sustainability, careful expansion, and monitoring market signals such as tender rejections. Alongside, significant legal troubles arise from a Ponzi scheme within the trucking sector and regulatory backtracking on safety standards, emphasizing the need for vigilance in operational integrity. The industry faces both challenges and opportunities as it navigates through these turbulent times.
Source: YAHOO
Reported about 2 months ago
Coinbase and BiT Global have concluded their legal dispute concerning the delisting of BiT Global’s wrapped bitcoin (wBTC) token from Coinbase. A joint court filing revealed that BiT Global has agreed to dismiss its lawsuit against Coinbase with prejudice, preventing the case from being re-filed in the future. The lawsuit, initiated after Coinbase identified risks associated with the token, claimed that the delisting was unwarranted and harmed the token's liquidity and reputation.
Source: YAHOO
Reported about 2 months ago
If you're eager to invest in SpaceX but can't access its stock, consider Rocket Lab, a rising competitor in the space industry. With a track record of reliable launches and new government defense contracts, Rocket Lab is poised for growth. Its upcoming Neutron rocket aims to compete directly with SpaceX's Falcon 9, potentially boosting revenue significantly. However, potential investors should note its high price-to-sales ratio and the associated risks.
Source: YAHOO
Reported about 2 months ago
Financial expert Dave Ramsey warns that nearly 50% of Americans are making a crucial mistake regarding Social Security, as many are not saving adequately for retirement. His recent study shows that 42% of Americans aren't saving for the future and reveals alarming statistics regarding retirement savings. In a bid to address this, Ramsey outlines three essential steps: setting a savings benchmark of 15% of gross income, maximizing tax-advantaged accounts, and pursuing additional income sources to secure a more comfortable retirement.
Source: YAHOO
Reported about 2 months ago
Recent trends show an increased number of higher-income shoppers flocking to dollar stores like Dollar Tree and Dollar General amid economic uncertainty. This shift is attributed to rising inflation and economic anxiety, leading consumers to seek out lower-priced options. Despite the challenges posed by tariffs and rising costs, both dollar store chains have reported sales growth, suggesting a changing consumer behavior in response to economic conditions.
Source: YAHOO
Reported about 2 months ago
China has announced its willingness to hasten the approval process for rare earth exports to EU companies and will decide on its trade investigation concerning EU brandy imports by July 5. This development follows discussions between Chinese Commerce Minister Wang Wentao and EU Trade Commissioner Maros Sefcovic in Paris, signaling improved relations amid ongoing trade tensions, including China's recent restrictions on rare earth exports and high tariffs on European brandy.
Source: YAHOO
Reported about 2 months ago
'Peak 65'标志着2025年将有420万美国人达到65岁，这一历史性的人口转变将对家庭的财务对话产生深远影响。如今，许多家庭正在提前面对财富传承、资产管理等话题，尽管讨论这些问题常被视为禁忌，但随着年轻一代投入更多，态度正在转变。规划晚年生活已显得尤为重要，尤其是在长寿的背景下，家庭成员之间的开放沟通越来越被强调，以保护和合理分配资产。
Source: YAHOO
Reported about 2 months ago
President Trump and Chinese President Xi Jinping had a positive phone call on Thursday, leading to a new round of trade talks next week in London. The discussions come amid increasing tensions over tariffs, with the US tightening controls on key materials like ethane and China implementing restrictions on rare earth exports. As both nations seek to use strategic resources as leverage in their trade war, interim agreements remain uncertain as the deadline for tariff negotiations approaches.
Source: YAHOO
Reported about 2 months ago
President Trump faces significant hurdles in achieving trade deals as he approaches his self-imposed tariff deadline, despite recent engagement with China. While he has made some progress, including a call with President Xi Jinping to discuss critical rare-earth minerals, skepticism remains regarding the efficacy of these negotiations, particularly with other nations such as India and Japan. Legal uncertainties over tariff powers add to the complexity, and Trump's ambitious claims about imminent deals highlight the unpredictable nature of his trade policy as he navigates ongoing global tensions.
Source: YAHOO
Reported about 2 months ago
In recent economic data, imports to the U.S. fell by 20% in April, marking the steepest decline since 1992, which might signal potential shortages and rising inflation, reminiscent of COVID-era shopping conditions. This drop follows President Trump's significant tariff increases on imports, prompting businesses to stock up but risk future price hikes as inventories deplete. With ongoing trade negotiations and a looming July 9 deadline set by Trump, uncertainty prevails, as economists warn of the potential impact on manufacturers and consumers, while Trump remains optimistic about the economy.
Source: YAHOO