Market players start taking profits, Wall Street opens mixed

Market players start taking profits, Wall Street opens mixed

Jakarta, CNBC Indonesia – United States (US) stocks moved mostly flat at the market open this weekend, Friday (8/11/2024), it seems that market players are starting to take profits and find out the latest policy from the Federal Reserve. The S&P 500 index rose 0.1%, while the Nasdaq Composite fell slightly. The Dow Jones industrial … Read more

Inflation data supports financial market gains

Inflation data supports financial market gains

Amid moderate gains in the U.S. and Mexican stock markets, the Mexican peso recovered ground, closing Wednesday below the psychological level of 19 units per spot dollar, after the U.S. inflation data strengthened the outlook that the Federal Reserve (Fed) could lower interest rates in September. The Mexican currency reported a daily appreciation of 0.90 … Read more

Phoenix Motor Inc. Announces Receipt of Nasdaq Listing Delinquency Letter

Phoenix Motor Inc. Announces Receipt of Nasdaq Listing Delinquency Letter

ANAHEIM, CA / ACCESSWIRE / August 21, 2024 / Phoenix Motor Inc. (NASDAQ:PEV) (the “Company”) today announced that it received a delinquency notification letter from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) on August 16, 2024 due to the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a … Read more

Nasdaq hits rally price target – here’s the problem! Market afternoon (video)

Nasdaq hits rally price target – here’s the problem! Market afternoon (video)

After US producer prices were lower than expected, the Nasdaq in particular rose sharply – reaching the downtrend channel and thus the price target for recovery from the sell-off! The markets are now expecting a 0.5% interest rate hike by the US Federal Reserve in September – so they may be too optimistic. But there … Read more

Nasdaq Composite Index Records Longest Losing Streak in Over a Year Amid Chip Stock Decline and Geopolitical Worries

Nasdaq Composite Index Records Longest Losing Streak in Over a Year Amid Chip Stock Decline and Geopolitical Worries

Prepared by: Hisham Mukhana The Nasdaq Composite Index fell for the sixth consecutive session on Friday, recording its longest losing streak in more than a year. The move down comes as chip stocks decline, deepening the market’s recent woes related to geopolitical conflict and persistent inflation. The technology-heavy index fell 2.05% to 15,282.01 points, while … Read more

Merz Therapeutics to Acquire Two Drugs from Acorda Therapeutics in $185 Million Deal

Merz Therapeutics to Acquire Two Drugs from Acorda Therapeutics in 5 Million Deal

Merz Therapeutics GmbH, a subsidiary of the Merz Group (Frankfurt/Main), signed an agreement to acquire two marketed drugs from the NASDAQ-listed US company Acorda Therapeutics. The completion of the transaction will “significantly contribute to Merz Therapeutics’ accelerated growth strategy,” the company said. It is the second investment in a NASDAQ company in just over ten … Read more

European Markets Soar as Leonardo Takes Off, Banks Drive Piazza Affari – US Inflation and Wall Street Rally

Finance by Martina Soligo and Stefania Blasioli Leonardo takes off after the plan and then slows down, in Piazza Affari the banks are driving. Euro little moved. Spread down to 127 basis points at the end, lowest since November 2021 3′ reading (Il Sole 24 Ore Radiocor) – The European stock exchangeswith the FTSE MIB … Read more

Dell Technologies Soars, AI Semiconductor Stocks Drive New York Stock Market to All-Time Highs

Dell Technologies Soars, AI Semiconductor Stocks Drive New York Stock Market to All-Time Highs

[비즈니스포스트] All three major New York stock market indices rose. As the stock price of Dell Technology, an American PC and server manufacturer, soared and stocks related to artificial intelligence (AI) semiconductors rose, the S&P and Nasdaq indices once again set new all-time highs. ▲ On the 1st (local time), the New York stock market … Read more

European Stock Exchanges Soar as US Markets Gain Ground

2′ reading (Il Sole 24 Ore Radiocor) – Le European stock exchanges started off on the right foot in the first session of March, in the wake of the records set on Thursday by Wall Street and the new highs in Tokyo. US stock markets gained ground after “core” PCE inflation fell to 2.8% in … Read more

Nvidia’s Blowout Sales Forecast Sends Tech Stocks Soaring

Nvidia’s Blowout Sales Forecast Sends Tech Stocks Soaring

Nvidia’s Blowout Sales Forecast Fuels Global Tech Stock Gains Surge in Demand for AI Computing Hardware Boosts Nvidia’s Market Value (Name of News Website) – Nvidia Corp., renowned for its breakthroughs in artificial intelligence computing hardware, has made waves in global markets with its impressive sales forecast. The announcement has resulted in significant gains for … Read more