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FBM KLCI Makes Gains Ahead of Budget Reveal, Re-Captures 1,640 Level
With a swift shift in sentiment the FBM KLCI closed on a positive note today, defying the downward trend experienced by its regional counterparts. As market participan
Entain Stock Faces Headwinds Amid Potential UK Gambling Tax Hike
Sports betting and gaming group Entain (LON: ENT) will face significant headwinds if the UK government considers a potential tax hike on the gambling industry, according to a note from Goldman Sachs.
Robinhood Options Expand with Cboe’s Index Options
In a significant development for retail investors, Cboe Global Markets (BATS: CBOE) and Robinhood Markets Inc. (NASDAQ: HOOD) have announced a collaboration that will see Cboe's index options, including prominent instruments
N Brown Shares Surge After Agreeing Takeover
Simply Be and Jacamo owner N Brown Group (LON: BWNG) saw its shares soar more than 42% on Thursday after announcing it had reached an agreement on a recommended cash acquisition by Falcon 24 Topco Limited, a company owned and
Rocket Labs Stock Price (RKLB) Making New Highs In Pre-Market
Rocket Lab's stock (NASDAQ: RKLB), an aerospace manufacturer and small satellite launch service provider, has demonstrated significant growth as its shares closed yesterday's session at new 52-week highs of $11.12 after a 12.
ECB Decision Looms Over European Stocks, Indices Moving Up
European markets are bracing for a non-committal open as investors hold their breath for the European Central Bank's (ECB) monetary policy decision. The anticipated policy announcement has put a cap on the early market moves,
Omnicom’s Stock Price (OMC) Hit’s New High As Analyst Upgrades Target
Omnicom's stock price (NYSE: OMC) has been given a vote of confidence from Macquarie, as the global advertising and marketing firm gained a target upgrade on the day of new 52 week, and all-time-highs. The analysts adjusted
Wolfspeed (WOLF) Sees Surge in Volume On Stock and Options Trading
Wolfspeed, Inc. (NYSE:WOLF) caught the attention of the market on Wednesday with a significant surge in options trading, and a marked increase in volume. Investors snapped up 20,645 call options on the company—a 10% increase
TSMC (NYSE: TSM) Beats On Earnings, Apple Chips Move Into Production
Today's TSM earnings have come in above expectation, with the consensus EPS of NT$11.52 being surpassed by an impressive margin, at NT$12.54. The firm also delivered on reve
Rivian Stock Price Target Lowered (RIVN), Potential Upside Remains
Rivian's stock (NASDAQ: RIVN) has given holders little to cheer through 2024, with a decline in price of 51.47% YTD keeping the stock toward lows. After what appeared to b
What Is Happening With 23andMe Stock Price (ME)?
Those following the stock price of 23andMe (NASDAQ: ME) will have noticed a significant shift in price, to the tune of 20x. This has not come with an expansion of market cap, but is the result of a restructure.
Nuclear Stocks Soaring as Amazon Next To Invest in Energy (NNE, SMR, OKLO)
Nuclear energy stocks surged after Amazon Web Services (AWS) unveiled plans to invest over $500 million in nuclear power. The tech giant's foray into nuclear energy is part of its broader commitment to achieving net-zero carb
British American Tobacco Stock Moves Up As Firm Unveils Velo Plus
British American Tobacco's stock price (NYSE: BTI) has gained 1.3% in trading today, bringing the YTD increase to 20% as a new product is set to hit the market next year. T
LVMH Stock Price Hits New Low On Results Miss
Shares of LVMH Moët Hennessy Louis Vuitton (EPA: MC), the world's leading luxury products group, experienced a significant fall after the company reported sales that fell short of forecasts for the third quarter. This news ha
Persimmon Shares (LON:PSN) Closing In On New Highs
In recent months, holders of Persimmon shares (LON: PSN) have witnessed a noteworthy increase in the company's price, which has added a further 2.8% in trading today, to bring YTD gains to an impressive 23.98%. The UK-based h
HSBC Sets $100 Price Target for Estee Lauder
Estee Lauder (NYSE: EL), the prestigious beauty company, has experienced a shift in financial outlook according to HSBC analyst Erwan Rambourg, who issued a new rating on the company's stock. HSBC has downgraded Estee Lauder
Tesla’s Berlin Factory Set for Massive Expansion
Tesla (NASDAQ: TSLA), the renowned electric vehicle manufacturer, has received the green light from German environmental authorities for an ambitious expansion of its Berlin-area factory. This approval is a critical developme
Stellantis Reports Downturn in Q3 Shipments
Stellantis (NYSE: STLA), the automotive conglomerate, has released its consolidated shipment estimates for the third quarter (Q3) of 2024, marking a notable decline. The company's consolidated shipments for Q3 2024 were appro
Tesco and Shell Secure UK Solar Project Output (TSCO, SHEL)
In a significant advancement for renewable energy sourcing in the United Kingdom, retail giant Tesco (LON: TSCO) and energy conglomerate Shell (LON: SHEL) have entered into long-term agreements for the entire output of a 373-