Canoo stock price has collapsed this year, raising concerns that the electric vehicle company may be about to collapse. GOEV shares have crashed by over 53% in the last 30 days and 92% this year, bringing its market cap to about $43 million. This is a major downfall for a…
China’s outbound mergers and acquisitions (M&A) activity could see a significant uptick as US President-elect Donald Trump’s proposed tariffs push mainland firms to accelerate their globalization strategies. Experts suggest that fears of tariffs ranging from 60% to 100% on Chinese goods are driving businesses to seek alternatives to mitigate reliance…
Archer Aviation stock price has gone parabolic in the past few weeks, helped by a positive statement from Needham analysts and commercialisation hopes. The ACHR share price jumped to $6.22 on Friday, its highest level since December 2023 and 120% above its lowest level in October. Archer Aviation stock is…
Bitcoin (BTC) experienced a sharp price decline, falling from last week’s high of $98,500 to a low of $95,500 during late US trading hours on Sunday. The 3.5% drop marked a technical pullback driven by profit-taking as the token approached the significant $100,000 milestone. While the market quickly stabilised during…
The Joby Aviation stock price has bounced back and surged to a high of $7.30, its highest level since July 14. It has jumped by almost 60% from its lowest level this year, giving it a market cap of over $5.4 billion, making it the biggest player in the electric…
UniCredit, Italy’s prominent lender, made a proposal on Monday to acquire its domestic competitor Banco BPM for approximately 10 billion euros ($10.5 billion). The offer, separate from its ongoing pursuit of Germany’s Commerzbank, aims to combine two of Italy’s largest banking institutions. UniCredit announced that it is offering 6.657 euros…
Rolls-Royce share price has pulled back in the past few weeks after soaring to a record high of 592p earlier this month. The stock has moved to 546p on Friday, down by 7.8% from its highest level this year. Its market cap has moved to about $58.4 billion. Rolls Royce…
Adani Enterprise share price has staged a strong comeback as it jumped to a high of ₹2,330 on Monday. It has now rallied by over 15% from its lowest point last week, when the company’s founder was indicted in New York. It remains 37% below its highest level this year,…
US equity benchmarks rose on Friday as investors’ sentiments were boosted by positive economic data from the world’s biggest economy. At the time of writing, the Dow Jones Industrial Average rose 0.8%, while the S&P 500 index gained 0.3%. The tech-heavy Nasdaq Composite inched up just 0.1%. All the benchmarks…
China maintained its medium-term lending rate on Monday, signaling its central bank’s focus on stabilizing the yuan amid currency pressures exacerbated by Donald Trump’s victory in the US presidential election. The People’s Bank of China (PBOC) held the medium-term lending facility (MLF) rate steady at 2% for 900 billion yuan…