AST SpaceMobile (ASTS) shares are taking a hit this morning due to a combination of a massive new debt raise and delays in their commercial satellite launch timeline. The sell-off crashed ASTS relative strength index (RSI) further into the early 30s – indicating the stock is now approaching “oversold” territory that often triggers a relief
Morgan Stanley has identified three stocks that could outperform as the second-quarter earnings season gets underway. The Wall Street bank highlighted GE Vernova (NYSE: GEV), Lam Research (NASDAQ: LRCX), and United Airlines (NASDAQ: UAL) among its top picks, citing expectations that they will deliver strong quarterly earnings. GE Vernova GE Vernova stock has done well
BlackRock (BLK) shares climbed in premarket trading on Wednesday after the world’s largest asset manager reported second-quarter earnings, revenue and assets under management that exceeded Wall Street expectations. The company reported adjusted net income of $2.3 billion for the quarter, up 22% from a year earlier, while assets under management (AUM) rose 22% year over
Lucid Group stock is attempting to rebound today, July 15, after plunging more than 40% in the previous session. LCID rose by about 2% in premarket trading to $4.73, recovering modestly from its lowest level of the week. Lucid Group stock rises after denying it’s going bankrupt or private LCID stock crawled back after a
US wholesale prices unexpectedly declined in June, offering fresh signs that inflationary pressures are easing, although renewed geopolitical tensions in the Middle East threaten to reverse the recent improvement in energy costs. Data released by the Bureau of Labor Statistics on Wednesday showed the producer price index (PPI), which measures prices received by producers for
The gold market regained momentum on Wednesday after weaker-than-expected US wholesale inflation data boosted investor sentiment and eased expectations of aggressive US monetary policy tightening. Gold prices rebounded from earlier losses and traded around $4,070 per ounce following the inflation report. Data released by the US Labour Department showed the Producer Price Index (PPI) fell
US stocks opened higher on Wednesday after investors responded to another softer-than-expected inflation report and a fresh round of corporate earnings. Chip stocks fell even after upbeat guidance from ASML. The Dow Jones Industrial Average added roughly 148 points, or 0.28%. The S&P 500 rose 0.47%, while the Nasdaq Composite gained about 0.67%. The gains
Alibaba’s US-listed shares rose more than 6% on Wednesday after the Chinese technology giant confirmed that its Qwen artificial intelligence model will power Apple Intelligence features for users in China. This marks a major milestone in Apple’s long-delayed AI rollout in the country. Apple shares also gained about 1.8%, while Baidu’s US-listed stock climbed roughly
Morgan Stanley (MS) shares are inching higher on Wednesday morning after the bank posted Q2 earnings that came in miles above Street estimates. The multinational reported a 27% year-on-year increase in its net revenue to a record $21.4 billion on 58% growth in earnings per share (EPS) to $3.46 – also an all-time high. “Active
Hedera price has been caught between two major developments that tell very different stories about the network. On one hand, a $9 million exploit at Bonzo Lend raised fresh concerns about security within Hedera’s decentralised finance ecosystem. On the other hand, Lloyds Banking Group, Aberdeen Investments, and Archax completed a landmark tokenised collateral transaction on