The sudden surge in meme stocks like GameStop and AMC, with increases of over 65% and 70% respectively, raises concerns about market volatility. The return of “Roaring Kitty” after three years triggered the latest frenzy, showcasing the power of online influencers in driving stock prices. However, the sustainability of these gains remains questionable, as such
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In the first quarter of 2024, U.S. crypto exchange Coinbase reported a total of $56 billion in consumer trading volumes. This period coincided with bitcoin reaching record highs of close to $74,000. However, this figure pales in comparison to the $133.75 billion quarterly average seen during the 2021 rally, indicating a shift in retail trader
The Federal Reserve is currently under scrutiny as market experts debate the potential for rate cuts in the year 2024. Some believe that the Fed will implement two rate cuts, with the first one starting in September. However, if the inflation data does not show significant improvement by September, there might not be any rate
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Novavax experienced a substantial surge in its stock price of up to 50% following the announcement of a groundbreaking multibillion-dollar deal with French pharmaceutical giant Sanofi. This deal marked a pivotal moment for the struggling vaccine maker, with its stock nearly doubling after the licensing agreement with Sanofi was made public. The Deal Details Under
In recent days, GameStop has once again become a trending topic on Reddit’s infamous WallStreetBets page. Mentions of the video game retailer on the forum have exceeded 900 within the last week, according to data from Quiver Quantitative. This surge in discussion has catapulted GameStop to second place as the most referenced equity, just behind
The recent resurgence of “Roaring Kitty” has led to a significant surge in GameStop shares, with prices jumping as high as 110%. This speculative rally, fueled by amateur traders, has caused trading halts due to extreme volatility. However, from a fundamental standpoint, GameStop, a brick-and-mortar video game company, does not justify such a dramatic increase
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Microsoft and Amazon have recently announced significant investments in France, with Microsoft committing 4 billion euros and Amazon committing 1.2 billion euros. These investments are aimed at expanding cloud and AI infrastructure, creating jobs, and supporting digital innovation in the country. This article will analyze the implications and impact of these investments on France’s technology
Mubi, a streaming service known for its curated selection of independent and international films, has recently made a strategic hire in the form of Mark Boxer as their U.S. Head of Distribution. With decades of experience in the industry, Boxer is set to bring a wealth of knowledge and expertise to the company, particularly as
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