Morgan Stanley upgraded BB Seguridade (BBSE3) from underweight to equal-weight on Friday, following a steep correction in recent months. The move comes after the insurer’s shares fell 25% from their peak in May and are down 10% year to date. At 10:15 a.m. in São Paulo, shares rose 1.31% to…
Pony AI Inc (NASDAQ: PONY) rallied another 15% today after Leo Haojun, its chief of finance, said the robotaxi firm is “well on track” to reach single-unit economic break-even by early 2026.In an interview with the Wall Street Journal, Haojun cited operational efficiencies, a growing fleet, and declining insurance costs…
Shares of educational publishing and media company Scholastic (NASDAQ: SCHL) fell sharply on Friday, dropping 13.6% after the company reported weaker-than-expected first-quarter results. The performance missed Wall Street’s estimates on both revenue and earnings, overshadowing otherwise stable guidance and segmental growth in some areas.Revenue and earnings miss weigh on sentimentScholastic…
AGM Group Holdings Inc (NASDAQ: AGMH) stunned the market on Friday with a jaw-dropping 450% rally following a 6-K filing confirming the sale of its semiconductor subsidiary for $57.45 million.AGMH shares trading volume exploded to over 180 million today – far above their daily average – on the back of…
Friday evening saw a series of significant political, economic, and international developments. The US administration advanced a multibillion-dollar weapons package for Israel, while the Senate rejected competing stopgap funding bills, bringing the government closer to a potential shutdown. In the private sector, Elon Musk’s artificial intelligence startup xAI reached a…
President Donald Trump is poised to sign a proclamation as soon as Friday that would significantly overhaul the H-1B visa program, according to a Bloomberg report. This would impose a $100,000 application fee in an effort to curb what the administration says is widespread abuse of the system. The White…
President Donald Trump and Chinese President Xi Jinping did not reach a final agreement on TikTok in their Friday call.The official’s remarks followed duelling readouts from Washington and Beijing that left the status of the negotiations murky. Trump, in a Truth Social post, said the call was “very productive,” citing…
Shares of Redington, one of Apple’s main distribution partners in India, have been on a tear after the launch of the iPhone 17 series in the country.The stock has risen by 22% this week, marking its best weekly gain since May 2009. The surge came as investors bet on robust…
US stocks extended their rally on Friday, with all major indices hitting fresh record highs following the Federal Reserve’s decision to cut interest rates.The small-cap Russell 2000 index joined the broader market in scaling new peaks.The Fed’s quarter-point rate cut on Wednesday, which lowered the federal funds rate to a…
Gold prices rose on Friday, and headed for its fifth straight weekly gain on the back of the US Federal Reserve cutting interest rates earlier this week. Meanwhile, oil prices fell into bear territory as concerns about demand outweighed optimism from the interest rate cut in the US. Elsewhere, copper prices rose…