Reported 2 months ago
ImmunityBio, Inc. (IBRX) soared 8.1% to $2.93 per share, marking its fifth consecutive day of gains, following the FDA's approval to expand access to its Anktiva treatment for patients suffering from solid tumors. Company founder Patrick Soon-Shiong highlighted the significance of addressing lymphopenia, a condition linked to higher cancer mortality rates. Following this announcement, HC Wainwright issued a 'buy' recommendation with a price target of $8 for the stock.
Source: YAHOO
Reported 2 months ago
STMicroelectronics N.V. (NYSE:STM) saw a significant surge in its stock price, rising 10.67% to $28.41 amid optimism about meeting its revenue guidance for the second quarter, driven by increased demand for its semiconductors. The company projects revenues of $2.71 billion for the quarter, up 7.7% from the previous quarter, despite reporting a substantial decline in net income and revenues in the first quarter of the year. Additionally, STMicroelectronics is continuing workforce reductions, planning to lay off a total of 5,000 employees over the next three years.
Source: YAHOO
Reported 2 months ago
MP Materials Corp. (NYSE:MP) saw a significant increase in stock price, soaring by 11.73% for a second consecutive day, driven by investor optimism related to China's recent export restrictions on rare earth minerals. As the only US-based producer of these critical materials, MP is anticipated to benefit as industries dependent on rare earth elements might look to non-Chinese suppliers. This surge aligns with a broader effort to enhance domestic manufacturing, following China’s suspension of exports due to geopolitical tensions.
Source: YAHOO
Reported 2 months ago
Recursion Pharmaceuticals, Inc. (RXRX) saw a significant increase of 11.85% in its stock price, closing at $4.91 on Wednesday, following supportive comments from analyst Jim Cramer on Mad Money. Cramer endorsed RXRX as a strong buy, highlighting the company's partnership with Nvidia and the recent FDA decision to streamline drug approval processes using artificial intelligence, positioning Recursion as a key player in the future of pharmaceuticals.
Source: YAHOO
Reported 2 months ago
Peloton Interactive, Inc. (PTON) saw a significant rise in its stock price, increasing by 12.16% to close at $7.47, following the company's announcement of new strategic growth initiatives. During a Bank of America conference, CEO Peter Stern detailed plans for global retail expansion and improved marketing efficiency, aimed at reducing subscriber acquisition costs. The company is also set to pay off $200 million in debt in February 2026 and has appointed new executives to strengthen its operations and drive international growth.
Source: YAHOO
Reported 2 months ago
AST SpaceMobile, Inc. (NASDAQ:ASTS) witnessed a remarkable 13.94% increase in share prices, closing at $28.69, driven by renewed speculation about a collaboration with Jeff Bezos' Blue Origin. The surge followed an Instagram post from board member Adriana Cisneros, who shared a photo with CEO Abel Avellan and Bezos, hinting at exciting developments. Furthermore, recent visits from Blue Origin executives to AST SpaceMobile's headquarters fueled theories that strategic discussions may be underway.
Source: YAHOO
Reported 2 months ago
Applied Digital Corporation (APLD) saw its stock price soar by 29.27% to $13.25 after B. Riley raised its price target from $8 to $15, recommending it as a 'buy.' This surge follows a significant $7 billion lease agreement with CoreWeave, where APLD will supply 250 megawatts of IT load for AI and HPC infrastructure at CoreWeave's data center in North Dakota.
Source: YAHOO
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Source: WSJ
Reported 2 months ago
In a recent podcast by Motley Fool, Jan van Eck, CEO of VanEck, discusses the impact of de-dollarization, the future of Social Security, and the potential of emerging markets, particularly India and China. He emphasizes the importance of long-term trends in investing and presents gold as a valuable asset in a changing economic landscape. Van Eck suggests that India is poised for significant growth and highlights the contrasting views on investing in underperforming markets like Brazil and the potential of digital advancements in India's economy.
Source: YAHOO
Reported 2 months ago
The global millionaire population grew by 600,000 last year, with 94% located in the US, raising concerns for wealth advisors. A significant 81% of inheritors are likely to switch wealth managers within two years, seeking more aggressive investment strategies and digital engagement. As the Great Wealth Transfer unfolds, advisors need to adapt to the next generation's preferences for comprehensive financial services and digital communication to retain clients.
Source: YAHOO
Reported 2 months ago
The U.S. Senate confirmed Federal Reserve Governor Michelle Bowman to the central bank's top regulatory position, with a vote of 48 to 46. Appointed by President Donald Trump, Bowman aims to ease banking regulations and simplify financial rules, asserting that current guidelines are overly complex and costly for banks and consumers.
Source: YAHOO
Reported 2 months ago
President Trump is emphasizing the importance of a personal call with Chinese leader Xi Jinping to alleviate escalating trade tensions between the U.S. and China. However, Xi is demanding concessions that remain unclear, leading to a stalemate in negotiations. Trump's late-night social media posts express frustration over Xi's toughness, as the two nations appear to be talking past each other amid conflicting interests, including technology exports and agricultural trade. Meanwhile, China is shifting its focus towards strengthening trade relations with Europe.
Source: YAHOO
Reported 2 months ago
Circle Internet has successfully raised $1.05 billion through its upsized U.S. initial public offering, pricing its shares at $31 each. This event highlights the growing momentum within the cryptocurrency sector and positions Circle, which issues the USDC stablecoin, at a valuation of approximately $8 billion. As one of the largest IPOs of the year, Circle's listing signifies increased institutional interest in stablecoins and aims to further integrate cryptocurrency into traditional finance.
Source: YAHOO
Reported 2 months ago
DoorDash、Grubhub和Uber Eats与纽约市达成和解，解决了有关限制它们向餐馆收取配送费用的法律诉讼。这一和解允许这些公司在某些情况下收取超出目前法律规定的费用，旨在应对受疫情影响的餐饮行业带来的财政压力。
Source: YAHOO
Reported 2 months ago
According to a recent Federal Reserve report, businesses across the U.S. are struggling to plan for the future due to uncertainty surrounding trade policies and tariffs. The Beige Book reveals that many companies are hesitant to invest or expand, causing a slowdown in economic growth. A commercial real estate agent noted that deals are falling through as businesses feel paralyzed by unclear tariff rules. Overall, the outlook remains pessimistic, with expectations of slowing GDP growth and rising unemployment as companies navigate these challenges.
Source: YAHOO
Reported 2 months ago
Proficient Auto Logistics experienced a sharp decline in its stock price, hitting a 52-week low before recovering slightly, likely due to a bearish investor presentation that provided little new information. Despite not displaying significant changes or warnings, the presentation shared negative projections for car sales and market conditions, which may have triggered the stock's fall. Currently, Proficient's stock is down over 50% in the past year, reflecting concerns among investors about future demand and competition in the auto hauling market.
Source: YAHOO
Reported 2 months ago
Dollar Tree has reported a surge in high-income customers, gaining 2.6 million new shoppers in the last quarter, including many earning over $100,000 annually. The company attributes this growth to its expanded inventory and increased price range, now offering items up to $7. As a result, more wealthy households are seeking value, with similar trends seen at Dollar General and other retailers. Customers are purchasing quick-consumption items more frequently, highlighting the appeal of affordable shopping options for families aiming to manage tight budgets.
Source: YAHOO
Reported 2 months ago
Wells Fargo's asset cap, a measure imposed in 2018 due to compliance failures, has been lifted after seven years, but the Federal Reserve's vague reasoning has left many questions unanswered. The Fed claimed Wells Fargo made 'substantial progress,' yet details on what changes were made remain unclear, leading to concerns about transparency in regulatory actions. As the bank adjusts to its newfound freedom, analysts suggest that the lack of clarity could fuel speculation about the motivations behind this decision.
Source: YAHOO
Reported 2 months ago
Starbucks has promoted Mike Grams, previously the North America chief coffeehouse officer, to chief operating officer in a bid to enhance its performance under CEO Brian Niccol's new leadership strategy. This reorganization comes after disappointing sales and aims to simplify the menu, reduce wait times, and refocus on core coffeehouse experiences. Grams will also oversee global coffeehouse development and supply chain operations, with his salary increasing to $900,000.
Source: YAHOO
Reported 2 months ago
XPO, a less-than-truckload carrier, announced a modest 5.7% decline in tonnage year-over-year for May, driven by a decrease in both shipments and weight per shipment. This trend aligns with the company’s previous guidance and is seen as an improvement from the first quarter. XPO expects to maintain margin growth this quarter, building on past trends and recent pricing strategies.
Source: YAHOO
Reported 2 months ago
As President Trump's trade policies prompt ongoing market fluctuations, investors are contemplating the implications of potential tariff changes. The concept of the 'TACO Trade'—short for 'Trump Always Chickens Out'—is gaining traction, but experts warn that optimism around trade talks may be overstated. With key tariff deadlines approaching and mixed sentiments among analysts, the future remains uncertain, suggesting that investors should tread cautiously.
Source: YAHOO
Reported 2 months ago
The S&P 500 saw a minor gain of less than 0.1% on June 4, 2025, despite concerns about a weak job market reflected in a disappointing private payroll report. CrowdStrike shares slid 5.8% due to a lower-than-expected revenue forecast, while Dollar Tree plunged 8.4% after warning that tariffs might hurt profits. In contrast, ON Semiconductor surged 6.1%, driven by positive demand signals. The major U.S. equity indexes ended mixed, with the Nasdaq up 0.3% and the Dow down 0.2%.
Source: YAHOO
Reported 2 months ago
On June 4, 2025, global stocks soared to record highs amidst mixed economic signals and unclear trade negotiations. U.S. private sector employment growth slowed, and inflation fears persisted as investors grappled with tariff implications, yet the market rallied, highlighted by strong gains in tech stocks and a drop in Treasury yields. While disinflationary forces are currently prevailing, concerns over potential future inflation fueled by tariffs remain prominent among investors.
Source: YAHOO
Reported 2 months ago
Business owners are expressing concerns about the ongoing effects of President Trump's tariffs and trade policies, revealing that many are experiencing increased costs and uncertainties in the market. Surveys by the Federal Reserve and other organizations indicate that businesses are raising prices to cover tariff-related costs and are hesitant to hire due to economic uncertainty. As retail spending shows signs of slowing down, especially in the auto sector, businesses fear that the buying frenzy fueled by the anticipation of higher prices may be coming to an end.
Source: YAHOO