Intel, the chipmaker, saw its stock price surge by 8.5% following news of the company’s collaboration with bankers to explore options to address weaknesses in its core business. This strategic review has instilled confidence in investors, resulting in a positive market reaction. Conversely, Elastic NV’s stock plummeted over 27% after its fiscal second-quarter revenue forecast
Rent
The Bank of Israel recently made the decision to maintain its benchmark interest rate at 4.5% for the fifth consecutive time, reflecting concerns over inflation reaching a rate of 3.2%. Despite these inflationary pressures, there is a hesitancy to decrease interest rates due to the ongoing Gaza war and the potential for it to escalate
CNBC TV’s producers closely monitored the tech earnings parade on Thursday, with a particular focus on Marvell Technology. The stock surged about 8% after hours following better-than-expected revenue and a strong forecast for the latest quarter. Despite this positive news, Marvell is still down 18% from its March high. Interestingly, Marvell is the 17th biggest
The Law and Justice (PiS) party, Poland’s largest opposition party, has been dealt a significant blow after the electoral commission determined that they misused public funds for campaigning purposes. As a result, the party is facing a loss of millions in state funding. This financial hit comes at a crucial time for PiS, especially since
American Eagle has once again fallen short of Wall Street’s sales targets for the second consecutive quarter. Despite this disappointing news, the company reported a significant increase in profit of nearly 60%, largely attributed to lower product costs. The market responded negatively to this news, with the company’s shares dropping more than 8% in early
Recently, U.S. government researchers traveled to a South Korean mine to evaluate the progress being made towards increasing the supply of tungsten from sources outside of China. The Sangdong Mine, owned by a subsidiary of Almonty Industries based in Canada, is expected to resume operations this year. Tungsten, an essential metal used in the production
Nvidia, a technology company known for its graphics processing units, has seen significant growth in the last year, with a 179% increase in its stock price. Despite this impressive performance, the stock is currently 8.8% below its June 20 high. Analysts are overwhelmingly bullish on Nvidia, with 92% rating it as a buy or overweight.
Federal Trade Commission Chair Lina Khan’s push to utilize antitrust laws to safeguard the interests of workers is currently being put to the test in a trial involving the proposed merger between grocery giants Kroger and Albertsons. Khan’s approach, which aims to address anticompetitive practices impacting workers’ pay rather than just consumer prices, marks a
Federal Reserve Chair Jerome Powell’s recent speech at the Jackson Hole Economic Symposium has sparked significant speculation and debate. Many analysts and market participants see his remarks as indicative of a significant dovish shift in the central bank’s stance on monetary policy. Powell’s indication that the Fed is prepared to lower interest rates aligns with
The World Robot Conference in Beijing showcased a plethora of humanlike robots, with 27 debuting at the event, a new record. There is a rush in China towards the development of humanlike robots, with investments exceeding 100 billion yuan in the last decade. These robots are being designed to perform a wide range of tasks
The animated film Inside Out 2 has achieved a major milestone by becoming the first animated movie to cross the $1B international box office threshold. With a current total nearing $1.003B, it has solidified its position as the highest-grossing animated film globally and overseas. This impressive achievement places it among the exclusive group of only
In the recent quarterly reports of major Chinese companies, it has been highlighted that the local market poses challenges for stock pickers. Lorraine Tan, the director of Asia equity research at Morningstar, emphasized in a recent interview the unique outperformance of certain companies in the market. This trend suggests that there is more weakness across
One of the major analyst moves in the AI sector this week came from Evercore ISI, recommending a buy on Nvidia (NASDAQ:NVDA) stock ahead of its upcoming earnings report. The investment bank believes that recent concerns about potential delays in the release of the Blackwell system are unwarranted. They point to the strong demand for
After being elected as Prime Minister in a landslide victory, Keir Starmer is set to address the British public about the challenges that lie ahead. He emphasizes the need for gradual change and warns that things may worsen before they improve. This speech is seen as an opportunity for Starmer to be transparent and honest