Asian stock markets moved higher on Thursday as investors reacted to the Federal Reserve’s decision to implement a larger-than-expected 50 basis point rate cut in an effort to prevent a potential US recession. The move marks a significant pivot in US monetary policy, and global markets responded with mixed reactions.…
Statista forecasts the global fashion market to grow at a compound annualised rate of 8.94% to push volume up from $237 billion this year to $1.18 trillion by the end of 2029. The number of users, it expects, will hit 2.8 billion worldwide over the same period while the average…
Alibaba (BABA) stock price continued its strong recovery after the company unveiled new artificial intelligence (AI) products in a major event in China. It rose by over 3% in Hong Kong while its US ADRs soared by 4% in the premarket. It reached to a high of $88.28, its highest…
Intuitive Machines Inc (NASDAQ: LUNR) saw a dramatic 50% surge in its stock price today following the announcement of a groundbreaking $5 billion space network contract with NASA. This major deal, signed on Wednesday, represents a significant boost for the space exploration company and highlights its growing role in space…
Needham analysts have lowered their price target for Workday (NASDAQ: WDAY) from $350 to $300 while maintaining a Buy rating. Despite this downward adjustment, the new target still represents a potential upside of 23%. This price cut followed Workday’s recent annual customer conference and analyst day, where management outlined ambitious…
EVgo (EVGO) stock price has staged a strong comeback in the past few months as other electric vehicle companies and EV charging companies like Blink Charging and ChargePoint plunged. It rose to a high of $4.77 this week, its highest point since August 2023 and 192% from its lowest point…
Spot Bitcoin ETFs continued doing well this week as investors reacted to the encouraging statement by the Federal Reserve. These funds saw inflows for four consecutive days through September 17 when they added over $186 million in assets. Altogether, they have added over $500 million in assets in the past…
Microsoft (MSFT) stock price has done well in the past decades, helping propel it into the second-biggest company in the world with a market cap of over $3.2 trillion. It has jumped by over 220% in the last five years and over 750,000% since going public in the 1980s. Analysts…
Investing in quality exchange-traded funds can be a good way to grow your wealth conservatively and sleep well at night (SWAN). The best approach, based on our many years of experience, has been to invest in popular mainstream funds that track the S&P 500 and the Nasdaq 100 indices. Here…
Gilead Sciences (GILD) stock price has staged a strong comeback this year, helped by strong earnings and a recent $40 million settlement with American authorities. It has risen for two consecutive weeks, reaching a high of $84, its highest point since January and a few points below its all-time high…