Warner Bros Discovery Inc (NASDAQ: WBD) announced plans to split its cable networks from its streaming and studio operations on Thursday. Shares of the mass media behemoth are up 15% at writing. “We continue to prioritise ensuring our Global Linear Networks business is well positioned to continue to drive free…
ServiceTitan made a blockbuster debut on the Nasdaq Stock Exchange on Thursday. Shares opened more than 40% up compared to their initial public offering (IPO) price of $71 and stuck a market cap of $6.3 billion on the cloud-based software company. ServiceTitan currently has more than 8,000 customers with over…
The S&P/TSX Composite Index, which tracks the biggest Canadian companies, is on track for a weekly loss after the latest Bank of Canada (BoC) interest rate decision. The blue-chip index retreated to C$25,410, a few points below the year-to-date high of C$25,790. Bank of Canada decision The main catalyst for…
Indian equity markets witnessed a steep sell-off on Friday, with the benchmark indices Sensex and Nifty shedding over 1%. The Sensex dropped 1,147 points, or 1.41%, to 80,142, while the Nifty50 lost 337 points, or 1.37%, touching 24,211, as of 10:35 am, India time. Investors were spooked by weak global…
MercadoLibre stock price has suffered a harsh reversal in the past few weeks as it moved into a technical correction. MELI has fallen by over 13.5% from the year-to-date high of $2,158 as concerns about its credit business slowdown continued. So, is it safe to buy the MELI stock? MercadoLibre…
A sense of unease has washed over European stock futures, mirroring a downturn in Asian markets. This synchronized slide comes in the wake of a Chinese economic conference that failed to ignite the hoped-for investor enthusiasm. The meeting, which was expected to reveal fiscal stimulus details, left the markets wanting,…
Digital assets appear ripe for 2025 growth as president-elect Donald Trump promises a money-making environment for crypto enthusiasts. Meanwhile, the industry already displayed optimism, with Bitcoin skyrocketing past $100K following Trump-driven rallies. Such sentiments have seen many individuals hunting for profitable projects, and iDEGEN appears to stand out. The AI…
The German economy, long considered a powerhouse of global trade, experienced an unexpected setback in October, with exports declining more than anticipated. This downturn casts a shadow on hopes for a swift recovery in external demand, signaling a potential delay in the much-anticipated rebound. According to data released by the…
Uber stock price has suffered a harsh reversal in the past few weeks, erasing billions of dollars in value. It has retreated by about 30% from the year-to-date high of $86.85, moving to its lowest level since August 6. This retreat has brought its market cap to over $129 billion,…
Donald Trump has redefined the Republican Party, embracing a populist platform centered on the working-class while maintaining skepticism of corporate power. However, his second-term Cabinet appointments appear to challenge that narrative, as the president-elect surrounds himself with a group of wealthy business executives and investors. These appointments, which include billionaires…