Reddit Inc. (NASDAQ: RDDT) is strongly positioned to extend its gains further over the next few weeks, according to JPMorgan senior analyst Doug Anmuth.Reddit shares have already rallied some 40% since early April, but an upbeat quarterly release the forum social media platform posted this week will sustain momentum moving…
Jeff Bezos, the founder and former chief executive of Amazon, has disclosed plans to sell up to $4.75 billion worth of shares in the e-commerce giant over the next 12 months, according to regulatory filings released Friday.The planned sale of up to 25 million shares, set under a pre-arranged trading…
Chinese electric vehicle manufacturers posted diverging sales trajectories in April, with Xpeng marking the strongest year-on-year growth among major players. The company delivered 35,045 EVs last month, a 273% surge from April 2023, extending its streak of monthly deliveries above 30,000 units. Meanwhile, industry heavyweight BYD led the market in…
Both Rigetti Computing Inc (NASDAQ: RGTI) and IonQ Inc (NYSE: IONQ) have soared about 50% over the past month as investors ran into the quantum computing stocks in hopes they’ll emerge as the next goldmines after AI in 2025.According to some experts, quantum technology’s transformative influence on industries across the…
Trade tensions between the United States and China are throwing a spanner in billions of dollars worth of acquisitions and initial public offerings, dealing a fresh blow to a dealmaking market that was already slow to recover this year.Prevailing tensions between the two nations have reportedly stalled Bunge Global SA’s…
Apple shares slid nearly 3% on Friday after the company trimmed its stock buyback program by $10 billion, and warned of an estimated $900 million in additional costs for the current quarter due to trade tariffs imposed under US President Donald Trump’s administration.Chief Executive Tim Cook said the company is…
General Motors will cut production at its Oshawa Assembly plant in Canada, moving from a three-shift to a two-shift schedule, the company and workers’ union confirmed on Friday. The decision comes amid weakening demand for pickup trucks and continued pressure from US trade policies.The Oshawa facility currently builds light- and…
Jeff Bezos, the founder and former chief executive of Amazon, has disclosed plans to sell up to $4.75 billion worth of shares in the e-commerce giant over the next 12 months, according to regulatory filings released Friday.The planned sale of up to 25 million shares, set under a pre-arranged trading…
Eight member nations of the OPEC+ alliance are likely to meet on Saturday to deliberate on a potential further acceleration of oil production increases for the month of June, Reuters reported, citing two sources. This meeting will determine whether these key producers will opt for a more substantial output hike than…
The prospect of higher supply from the Organization of the Petroleum Exporting Countries and allies in the coming months will likely spell doom for oil prices. The price of oil has experienced renewed downward pressure in recent times, evidenced by the benchmark Brent crude oil futures contract briefly dipping below the…