Shares of Trump Media (NASDAQ: DJT), the parent company of Truth Social, surged by 19% on Tuesday, continuing the stock’s upward momentum for the fourth straight day. This marks the longest streak of gains since June, as investors appear to rally behind the company despite recent management changes and ongoing…
The Nifty 50 index rose for the second consecutive day after the Reserve Bank of India (RBI) delivered its interest rate decision. It soared to a high of ₹25,180 on Wednesday, a few points above this month’s low of ₹24,695. RBI interest rate decision The biggest catalyst for the Nifty…
The US Justice Department is weighing unprecedented action against Google as it contemplates a potential breakup of the tech giant to address concerns over its dominance in the online search market. In a significant antitrust case, the agency is exploring structural remedies, including the possibility of forcing Google to sell…
Nvidia Corp., one of the dominant players in the semiconductor industry, is expected to deliver substantial revenue growth moving into the first quarter of 2024, driven primarily by soaring demand for its new Blackwell chip. Wall Street analysts, including C.J. Muse from Cantor Fitzgerald, believe Nvidia is primed to exceed…
Tradeweb (TW) and MarketAxess (MKTX) stocks have done well in the past few months, helped by the rising demand for fixed income solutions. MKTX has soared to $280, up by over 45% from its lowest point this year, bringing its market cap to over $10 billion. Tradeweb has done much…
Indian equity benchmarks surged on Wednesday after the Reserve Bank of India changed its monetary policy stance to “neutral”. At the time of writing, the BSE Sensex was up 555.59 points at 82,190.40, while the Nifty50 index rose 185 points to 25,198.15. Overnight, US equity stocks rose as oil prices…
Broadcom (AVGO) stock price is firing on all cylinders as the company matches towards a $1 trillion market cap. It has risen by over 61% this year, pushing its market cap to over $817 billion. As such, it needs to rise by 22.38% to $220 to get to a trillion-dollar…
Rio Tinto, the world’s second-largest miner, has announced its acquisition of US-based Arcadium Lithium for $6.7 billion. The all-cash transaction values Arcadium at $5.85 per share, reflecting a 90% premium on its closing price of $3.08 on Oct. 4. This purchase represents a major strategic move for Rio Tinto as…
China has introduced temporary anti-dumping duties on European Union (EU) brandy imports, with iconic French brands like Hennessy and Remy Martin at the center of the dispute. The move comes in retaliation for the European Union’s recent tariffs on Chinese-made electric vehicles (EVs), marking a sharp escalation in trade tensions…
Chile’s inflation rate dropped to 4.1% in September 2024, down from the previous month’s nine-month high of 4.7%. This marks a positive development for the country’s economy as key price declines in essential sectors like food and transportation have helped ease inflationary pressures. The latest data, released by Chile’s National…