Evgo Inc (NASDAQ: EVGO) is up 10% in premarket on Friday after securing a $1.25 billion guaranteed loan facility from the US Department of Energy (DOE). Evgo will use this loan to set up another 7,500 fast-charging stalls across the United States. Following the buildout, the company will have a…
Affirm Inc (NASDAQ: AFRM) opened in the green this morning after private-credit firm Sixth Street agreed to buy up to $4 billion worth of its consumer installment loans. The transaction marks largest-ever capital commitment for the buy now, pay later company. Sixth Street has signed a “forward-flow agreement” with Affirm,…
Forget traditional investments like stocks or cryptocurrency—Rally, a platform specializing in fractional ownership, has launched a groundbreaking $13.75 million IPO for a Stegosaurus fossil. Known as “Steg,” the fossil is being unearthed on a private plot of land in northern Wyoming. Rally co-founder Rob Petrozzo told MarketWatch the offering is…
Few could have predicted the remarkable market performance in 2024. Starting the year with low equity valuations, recessionary warnings, and cautious investor sentiment, the stage seemed set for challenges. Yet, a steady stream of interest rate cuts by the Federal Reserve, along with growing confidence in AI’s transformative potential, proved…
HSBC says emerging markets could prove to be relatively “less vulnerable” as President-elect Donald Trump proceeds with raising tariffs on foreign goods in 2025. EMs typically have better growth dynamics than the developed markets which justifies a “small overweight” in their stocks. The investment firm is particularly bullish on two…
This week’s LATAM crypto news highlights the region’s dynamic cryptocurrency scene. Brazil, for example, could begin to regulate cryptocurrency-related activities, while Argentina continues on its digital innovation path by allowing underground payments in cryptocurrency. In Brazil, Public Consultation 111 seeks to regulate the introduction of virtual asset services into the…
Micron stock price will be in the spotlight as it publishes its final quarterly results next week. These numbers will come at a time when the MU share price has crashed by about 35% from the year-to-date high, moving it into a deep bear market. Micron stock braces for earnings…
SoundHound stock price has gone parabolic this month and is nearing its all-time high as demand for its solutions rise. SOUN was trading at $17, its highest point since May 2022, and 1,040% above its lowest level this year. This rebound has pushed its market cap to over $6 billion.…
Nike stock price will be in the spotlight next week as the highly embattled company publishes its financial results. These numbers will come at a time when its shares have plunged by over 54% from the highest point in 2021. Nike’s growth has stalled Nike, one of the best names…
Major US equity averages fell on Thursday as investors assessed a hotter-than-expected producer price index reading for November. At the time of writing, the Dow Jones Industrial Average was down 0.2%, and the Nasdaq Composite was also 0.2% lower. The S&P 500 also shed 0.2% on Thursday. The producer prices…