After two days of profit booking, India’s domestic equity markets opened on a positive note on October 1, led by gains in IT, energy, and auto stocks. The Sensex rose by 318 points, or 0.4%, to 84,617, while the Nifty 50 climbed by 86 points, or 0.3%, to 25,896 at…
Super Micro Computer (SMCI), a leader in semiconductor technology, officially joined the growing trend of tech companies executing stock splits. The company announced a 10-for-1 stock split, which took effect after the market closed on Monday. This means shareholders will now hold 10 shares for every one they previously owned,…
AI chip startup Cerebras Systems has filed for an initial public offering (IPO), signaling its ambition to compete with industry giant Nvidia. Cerebras Systems reported more than a threefold increase in its annual revenue for 2023, the AI chipmaker revealed in its filing for a US initial public offering on…
Rolls-Royce (LON: RR) share price has gone parabolic this year, rising by 80%, making it one of the best performers in the FTSE 100 index. It has surged by more than 1,300% from its lowest level in 2020, when it nearly went bankrupt. RR shares have jumped under Tufan Erginbilgiç …
PepsiCo Inc. (PEP.O) is in advanced discussions to purchase Texas-based tortilla-chip maker Siete Foods for more than $1 billion, according to sources cited by the Wall Street Journal. The Garza family, which owns and operates Siete Foods, has built a popular brand known for its grain-free snacks and tortillas. While…
A 25% surge in Chinese stocks, fueled by Beijing’s recent stimulus measures, has left global money managers scrambling to gain exposure to the country’s stock market. However, despite these attractive gains, there are significant risks for investors looking to benefit through global companies with a presence in China. Chinese policymakers…
Futu Holdings (NASDAQ: FUTU) stock price has gone parabolic, rising for three straight weeks, reaching a high of $102.97, its highest point since September 2021. It has soared by over 75% this year, making it one of the best-performing companies in Wall Street. Futu and China comeback Futu Holdings’ share…
Robinhood has officially announced the expansion of its cryptocurrency services in the European Union, allowing customers to transfer cryptocurrencies in and out of its app. This move marks a significant step in the company’s international growth strategy, as it offers European users the ability to self-custody their digital assets. Robinhood’s…
The luxury sector has seen a recent upturn, propelling Bernard Arnault, the CEO of Louis Vuitton Moët Hennessy (LVMH), to reclaim his position as the third richest person in the world. In less than a week, Arnault’s net worth surged by $30 billion, surpassing Meta’s Mark Zuckerberg, according to the…
AbbVie (ABBV) stock price has done well this year as it surged to a record high of $200. It has jumped by more than 32% this year, outperforming the S&P 500 and Nasdaq 100 indices. Also, the stock has done better than the VanEck Pharmaceutical ETF (PPH), which has risen…