SoFi (SOFI) stock price has staged a strong comeback in the past few weeks as investors focus on the Federal Reserve and the recently-started earnings season. It soared to a high of $9.01, its highest level since March 4th, and 50% above its lowest level in August. All-rounded company SoFi…
MicroStrategy Inc. (MSTR) has seen its net asset value (NAV) premium surge to its highest level since February 2021, despite Bitcoin’s ongoing price decline. The NAV premium, which reflects the market value of MicroStrategy’s stock relative to its Bitcoin holdings, has climbed to 2.5 times, according to recent data. As…
Warby Parker (WRBY) stock price has underperformed the market since going public through a direct listing in September 2021. It has barely moved since 2022, and it remains 73% below its highest level on record. This performance has brought its market valuation from over $3 billion to about $1.8 billion.…
Gold prices have defied the scaling back of rate cut expectations in the US. The precious metal shrugged off hotter-than-expected US inflation data and focused on the softer labor market report as it rose nearly 1% on Friday. The US CPI index showed a rise of 2.4% annually in September…
The S&P 500 and Dow Jones Industrial Average surged to new highs on Friday, buoyed by strong earnings reports from major banks, kicking off a positive start to the third-quarter earnings season. The S&P 500 rose 0.5%, while the Dow climbed 300 points, or 0.7%. Meanwhile, the Nasdaq Composite gained…
Bitcoin ended last month up more than 7.5% and experts believe the momentum will continue as October historically tends to be the strongest month for the largest cryptocurrency by market cap. “October is a period where liquidity returns to markets after a summer lull and companies position themselves for end-of-year…
GLP-1s have dominated discussions in 2024 among those exploring weight-loss treatments. However, Zealand Pharma A/S (CPH: ZEAL), a Danish biotechnology firm, is already developing what it calls the “next generation” of anti-obesity therapy, aiming to outperform industry leaders like Eli Lilly and Novo Nordisk in the long term. Zealand Pharma…
SoundHound AI Inc. (NASDAQ: SOUN) has disappointed its shareholders over the past six months, and there is little indication that this will change anytime soon. While the California-based company cites artificial intelligence as a primary tailwind driving accelerated growth, several concerns may hinder the stock’s performance in the coming months.…
The NFT (non-fungible token) auction market has cooled down significantly from its 2021 frenzy, characterized by fewer auctions and lower price ranges, but experts are likening the phase to a healthy consolidation that will usher in more sustainable growth over the years. According to Artprice’s 2024 Contemporary Art Market report,…
Brazil is on the verge of significant economic reform as the government explores a potential tax on millionaires to offset planned income tax breaks for lower-income citizens. Finance Minister Fernando Haddad revealed that this proposal is part of President Luiz Inacio Lula da Silva’s broader initiative to overhaul the tax…