Lucid Dismisses Bankruptcy Rumors After Nasdaq Halts Trading. Here’s Why the Stock Plunged Anyway.
Lucid confirmed that it is working with restructuring expert AlixPartners, Bloomberg reported.
Market Analysis
Why Newmont Corporation (NEM) is One of the Top Cheap Blue Chip Stocks to Buy According to Wall Street Analysts
Newmont Corporation (NYSE:NEM) is one of the top cheap blue chip stocks to buy according to Wall Street analysts. Jefferies lowered the price target on Newmont Corporation (NYSE:NEM) to $146 from $158 on July 6 and main…
Asian Shares Mixed As China GDP Data Disappoints
(RTTNews) - Asian stocks ended mixed on Monday as Chinese GDP data disappointed and the dollar firmed up on bets that Donald Trump will win the upcoming presidential election after an assassination attempt on Saturday.
Sponsored
Tangem — Card-shaped hardware wallet
No batteries, no screen, no cables — just tap the card to sign a transaction.
Despite Falling Oil Prices, There's Now a 73% Chance of an Interest Rate Hike by September -- Here Are the 2 Culprits to Blame
The probability of the Federal Reserve raising interest rates by the Sept. 16 meeting jumped from 26% to 73% over the last month, according to the CME Group's FedWatch Tool.
ASML jumps over 7% after hiking sales forecast for second time this year on strong AI chip demand
ASML on Wednesday raised its guidance for the second time this year and reported stronger-than-expected quarterly results as its customers continue to ramp up production of AI chips.
Gold: Rebound needs softer Oil and data – OCBC
OCBC’s Sim Moh Siong and Christopher Wong report that Gold has rebounded from sub-4000 levels after softer United States (US) Consumer Price Index (CPI) prompted markets to pare Fed hike expectations and pushed USD and …
Silver Price Forecasts: XAG/USD holds below $59.00 despite US Dollar’s weakness
Silver (XAG/USD) ticks lower on Wednesday, trading at $58.50 at the time of writing, after rejection at the $59.00 area on Tuesday. The sour market sentiment amid rising hostilities in Iran continues to weigh on the pre…
Equities: CPI-driven gains and tech dispersion – Deutsche Bank
Deutsche Bank strategists note that softer United States (US) Consumer Price Index (CPI), gains in chipmakers and strong bank earnings supported US equities despite sharp weakness in software stocks. Asian and European …
Sponsored
Koinly — Crypto tax made simple
Sync exchanges and wallets, then generate a compliant tax report in minutes.
Japan's Takaichi: Food inflation has decelerated slightly, but still remains high
Japan’s Prime Minister Sanae Takaichi said on Wednesday that food inflation has decelerated slightly but still remains high.
Chinese Yuan: Appreciation scope seen limited against US Dollar – Commerzbank
Volkmar Baur at Commerzbank highlights that China’s weak domestic economy and reliance on exports constrain upside for the Chinese Yuan. Despite solid export growth and sizeable trade surpluses, investment and real reta…
Canadian Dollar edges higher ahead of BoC rate decision
The USD/CAD pair loses traction to near 1.4050 during the early European trading hours on Wednesday. Traders expect the US Federal Reserve (Fed) to skip the July rate hike as inflation cools, weighing on the US Dollar (…
VGSH vs. SMB: A Comparison of Two Top Short-Term Bond ETFs
Vanguard Short-Term Treasury ETF offers a lower expense ratio and higher trailing dividend yield than VanEck Short Muni ETF.
Gold edges lower as elevated oil prices bolster Fed hike prospects and offset soft USD
Gold (XAU/USD) attracts some sellers after failing to find acceptance above the $4,100 mark the previous day, though it holds above the $4,000 psychological mark during the Asian session on Wednesday. Despite soft US Co…
United States Dollar Index stays below 101 as traders trim hawkish Fed bets
The US Dollar (USD) underperforms its major currency peers as traders have trimmed Federal Reserve (Fed) interest rate hike expectations for the current year, following the release of the softer-than-expected United Sta…
Swiss Franc steadies as US Dollar declines following softer inflation data
USD/CHF steadies after registering 0.7% losses in the previous day, trading around 0.8090 during the Asian hours on Wednesday. The pair faced challenges as the US Dollar (USD) lost ground following softer-than-expected …
Top Biotech Gainers: NXTC Soars On Merger Deal, BMGL Moves Past Nasdaq Woes, OTLK Awaits FDA Verdict
(RTTNews) - Today's top gainers in the biotech space include NextCure, ahead of its planned merger with a private company that will create a newly branded public entity; Basel Medical, which recently regained Nasdaq com…
Asian Markets Track Wall Street Higher
(RTTNews) - Asian stock markets are mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as the markets reacted positively to earnings-driven rally among US technology stocks and offs…
Stocks Settle Higher on Tame Inflation News
The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.38%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.10%. September E-mini S&P futures (ESU26) …
Microsoft CEO adds fuel to Palantir CEO’s AI warning
What has happened amid all the FOMO and paranoia is that users have begun sharing virtually everything deemed "confidential" under the sun in search of answers.
Oil rises as U.S. continues to strike Tehran, reinstates blockade of Iranian ports
Oil prices rose in choppy trading Wednesday as U.S. forces carried out another round of strikes against Tehran and Washington reinstated its naval blockade of Iranian ports near the Strait of Hormuz.
New Zealand Dollar remains firm above 0.5800 despite weak China GDP data
The NZD/USD pair trades in positive territory around 0.5825 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) remains firm against the US Dollar (USD) after the Chinese economic data. The attenti…
Australian Dollar remains stronger following China’s economic data
AUD/USD extends its gains for the second successive day, trading around 0.6980 during the Asian hours on Wednesday. The pair holds gains as the Australian Dollar (AUD) remains stronger following the release of key econo…
Stocks Settle Higher on Tame Inflation News
The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.38%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.10%. September E-mini S&P futures (ESU26) …
SK Hynix shares surge 13% on AI hopes as US tech stocks resume their climb
South Korea's benchmark Kospi index climbed nearly 7% to an all-time high on Wednesday, propelled by a roughly 13% surge in Samsung Electronics shares. The rally was fueled by optimism around strong artificial intellige…