Bank of America (NYSE: BAC) is extending gains on Apr. 15 after reporting Q1 results that blew past Street estimates, fueled by a resurgence in investment banking and resilient consumer activity. Investors cheered as it posted a 25% year-over-year increase in earnings per share (EPS) and a surprise beat in net interest income (NII), which
Mortgage rates in the United States eased to their lowest level in a month last week, offering some relief to borrowers and driving a pickup in refinancing activity, even as demand from homebuyers remained subdued against a backdrop of economic uncertainty and geopolitical tensions. Data from the Mortgage Bankers Association showed total mortgage application volume
Oil prices edged higher on Wednesday after steep losses in the previous session amid uncertainty about the resumption of flows from the Strait of Hormuz. Meanwhile, gold had hit a near one-month high on COMEX earlier in the day, but the precious metal fell slightly amid a rise in energy prices. Silver prices also dipped
US equities moved higher on Wednesday, with the S&P 500 approaching a fresh all-time intraday high. Investor sentiment improved on expectations that the Iran conflict could be nearing a resolution. The benchmark index rose 0.2% and was on track for a record close, while the Nasdaq Composite advanced 0.3%. The Dow Jones Industrial Average gained
The International Monetary Fund has warned that the escalating conflict in the Middle East is adding further stress to an already fragile global fiscal environment. In its latest Fiscal Monitor report released on Wednesday, the IMF said higher interest rates and rising energy prices intensified by the war are increasing pressure on emerging markets and
Finance ministers from more than 10 countries cautioned on Wednesday that the ongoing Middle East conflict would continue to weigh on global growth, inflation, and financial markets, even if a lasting resolution is achieved. The warning came in a joint statement issued during the International Monetary Fund and World Bank Spring Meetings in Washington. The
Shares of Tesla extended their recovery on Wednesday, rising about 4% in early trading to $378.89. The move was supported by broader market optimism and company-specific developments around its artificial intelligence initiatives. The gains came as the S&P 500 advanced 0.2%, moving closer to a new all-time intraday high amid investor expectations that the Iran
Amazon.com said on Tuesday it would acquire Globalstar in an $11.57 billion deal, strengthening its nascent satellite business as it seeks to compete with SpaceX’s Starlink. Under the terms of the agreement, shareholders of Globalstar can choose to receive either $90 in cash or 0.3210 shares of Amazon common stock for each share they hold,
Plug Power stock price has spent the last two years in a narrow range between the key support and resistance levels at $0.7147 and $4.63. This prolonged consolidation could be a sign that it is about to explode higher in coming months, potentially to the upper side of the channel. Plug Power stock Wyckoff Theory
Bloom Energy stock price has embarked on a strong bull run after years of consolidation. It has soared to a high of $176.76, up by over 2,250% from its lowest point last year. This rally continued on Monday after extending its deal with Oracle. Still, there is a risk that it may reverse soon since