Avishek Das | Lightrocket | Getty Images Shares of GameStop jumped Tuesday, extending the meme stock rally started by the first online post from “Roaring Kitty” in three years. Shares of video game retailer GameStop traded 70% higher before being paused, following a 74% advance on Monday. AMC soared 90% even after the movie theater […]
Avishek Das | Lightrocket | Getty Images GameStop jumped Tuesday to extend the meme stock rally started by the first online post from “Roaring Kitty” in three years, but enthusiasm seemed to cool as shares cut gains to end the session. Shares of the video game retailer finished the day 60% higher after more than […]
Nvidia (NASDAQ: NVDA) embodies artificial intelligence (AI) enthusiasm unlike any other growth stock. But what if you already own enough Nvidia, or are simply looking for other opportunities? A good place to start is by looking at the companies that Nvidia partners with that indirectly benefit from its success. Three that stick out are Micron […]
Investors have enjoyed higher Treasury yields, serving up passive income over the past couple of years. However, there’s still an abundance of quality dividend stocks that offer potential price appreciation and stellar dividend income. High dividend yields can be a red flag sometimes, but there are exceptions. Here are three of them: Altria (NYSE: MO), […]
US Treasury Secretary Janet Yellen delivers remarks at the Treasury Department’s Committee on Foreign Investment in the United States conference at the Treasury Department in Washington, DC, on September 14, 2023. Olivier Douliery | Afp | Getty Images U.S. President Joe Biden issued an order on Monday forcing a Chinese-backed cryptocurrency mining company to sell land […]
The Foxconn factory campus in Longhua town, Shenzhen, China. South China Morning Post | South China Morning Post | Getty Images Apple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the period a year earlier, but the growth was lower […]
Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023 amid weakness in its gaming division. Here’s how Sony did in the March quarter versus LSEG consensus estimates: Revenue: 3.5 trillion yen ($22.4 billion) versus 2.89 trillion yen expected. That represents a 14% increase year-over-year — but the first drop since […]
The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023 amid weakness in its gaming division. The company also narrowly missed its forecast for unit sales of its flagship PlayStation 5 gaming console for the […]
By Medha Singh (Reuters) – What’s happened to the army of retail traders who used to drive bitcoin’s biggest rallies? U.S. crypto exchange Coinbase reported just $56 billion in consumer trading volumes in the first quarter of 2024, when bitcoin leapt to record heights close to $74,000. While that represents a fledgling recovery in retail […]
Russian President Vladimir Putin walks past an honour guard as he attends a meeting with Cuban President Miguel Diaz-Canel in Moscow, Russia, May 9, 2024. Maxim Shemetov | Reuters A government reshuffle was always in the cards after Russian President Vladimir Putin was sworn in last week as Russia’s leader for a fifth term. But […]
Traders work on the floor of the New York Stock Exchange during morning trading on April 29, 2024 in New York City. Michael M. Santiago | Getty Images European stocks are now more attractive than their U.S. counterparts, according to Swiss Bank UBS, with factors such as economic data, interest rates and earnings playing a […]
Malaysia will not use monetary policy as a tool to shore up its currency, according to the central bank’s deputy governor. Bank Negara’s Adnan Zaylani Mohamad Zahid said the country’s monetary policy decisions will be determined by economic growth and the inflation outlook. “We won’t use interest rates as a tool to somewhat defend the […]
