Latest News
USDJPY Rises on Upbeat US Dollar Ahead of Chair Powell Speech
The USDJPY currency pair traded sideways most of today as investors remained focused on the Jackson Hole Symposium, especially the Fed Chair’s comments. Still, the dollar started advancing against most of its peers, including
Why ChargePoint (CHPT) Stock Has Fallen 38.8% in Six Months
The ChargePoint Holdings Inc (NYSE: CHPT) stock price has fallen 38.8% in the past six months as investor sentiment towards the company soured. The EV charging network operator has seen its stock slide further in recent weeks
Coinbase (COIN) Stock Has Fallen 26% in a Month. What’s Next?
The Coinbase Global Inc (NASDAQ: COIN) stock price has fallen 25.9% in the past month despite several positive announcements we shall cover below. For example, the crypto exchange recently received approval from the National
Rio Tinto Shares Edge Higher After UK’s SFO Drops Investigation
The Rio Tinto plc (LON: RIO) share price edged 0.75% higher today after the UK’s Serious Fraud Office (SFO) dropped its investigation into the company about suspected corruption in the Republic of Guinea. The SFO updated its
Legal & General (LGEN) Shares Are Down 14% YTD. What’s Next?
The Legal & General Group Plc (LON: LGEN) share price has fallen 14.1% this year and just hit a new yearly low as investor sentiment towards the company remains bearish. The financial services company recently released it
US Dollar Index (DXY) Rallies on Upbeat US Data, Jackson Hole
The US Dollar Index (DXY) price was trading up over 42 pips as the US dollar rallied against its peers on the upbeat data released from the US docket. The US dollar was boosted by data releases from the country’s docket, incl
Foxo Technologies Stock Price Rallied 19% Despite Lacking News
The Foxo Technologies Inc (NYSEAMERICAN: FOXO) stock price rallied 18.9% despite the lack of news releases from the company today. However, the lack of recent news releases indicates that today’s rally could be driven by upbe
Esports Entertainment (GMBL) Stock Surged 30.9% on Upbeat Interest
The Esports Entertainment Group Inc (NASDAQ: GMBL) stock price rose 30.94% despite the lack of news releases from the company. The rally could be directly attributed to the renewed investor interest in the company, given that
Why the Scottish Mortgage (SMT) Shares Are Up 5.63% This Week
The Scottish Mortgage Investment Trust PLC (LON: SMT) share price has risen 5.63% in the past week, driven by positive investor sentiment. The investment trust has not made any new announcements to which we could attribute th
Valirx Share Price Rallied 10.8% on Its H1 ’23 Report and Highlights
The ValiRx Plc (LON: VAL) share price rallied 10.8% after releasing its half-yearly report for the six months ended 30 June 2023. The company highlighted that it launched its wholly-owned subsidiary, Inaphaea BioLabs Limited
Harbour Energy Shares Fell 3% on Mixed Half-Year 2023 Results
The Harbour Energy PLC (LON: HBR) share price fell 3.0% after releasing its half-year results for the six months ended 30 June 2023. The company shared that it produced 196 kboepd, marking a slight decline from H1 2022, where
Nvidia Shares Rose 6.57% After-Hours on Its Q2 Earnings Results
The NVIDIA Corp (NASDAQ: NVDA) share price rose 6.57% after announcing its quarterly results for its Q2 fiscal 2024 year. The company’s revenues beat expectations after reaching $13.51 billion, up 88% from Q1 and 101% from a
EURUSD Trades Sideways on Weak Eurozone and US PMI Data
The EURUSD currency pair was trading sideways at writing as the markets remained undecided on whether to push the currency pair higher or lower. The currency pair had alternated between gains and losses for most of the day.
WeWork Stock Price Has Fallen 91.4% This Year. Is This the End?
The Wework Inc (NYSE: WE) stock price has fallen 91.35% since the year began, leaving many wondering whether this is the end for the co-working spaces company. Many have blamed the company for acting like a tech company inste
Peloton Stock Price Fell 30% on Q4 2023 Earnings Amid Losses
The Peloton Interactive Inc (NASDAQ: PTON) stock price fell 30% after its fiscal Q4 2023 earnings results were released. The connected fitness company generated total revenues worth $642.1 million, with subscriptions accounti
ARM IPO: Will ARM’s Chinese Business Affect the Funds Raised?
After looking through ARM’s IPO filing, it is clear that the company has a significant problem posed by its Chinese business, which Arm China operates. The chip manufacturer only owns 4.8% of Arm China via an indirect stake b
Alien Metals Shares Were Muted on Hancock Contractor Selection
The Alien Metals Ltd (LON: UFO) share price remained muted despite announcing that its Australian subsidiary Iron Ore Company of Australia Pty Ltd (IOCA) awarded REGROUP Australia as its preferred primary contractor.
Bluejay Mining Shares Plunged 21.4% on a £600K Capital Raise
The Bluejay Mining PLC (LON: JAY) share price plunged 21.4% after announcing that it had raised gross proceeds of £600,000 through the private placement of 60,000,000 shares to new shareholders for 1.0 pence per share.
Premier African (PREM) Shares Rose 14% on Zulu Project Update
The Premier African Minerals Ltd (LON: PREM) share price rose 13.95% after issuing an update about operations at its Zulu Lithium and Tantalum Project. The company noted that it expects the Zulu mine to produce spodumene that
GBPUSD Rallied Higher, Then Fell Heavily During the NA Session
The GBPUSD currency pair was trading down over 17 pips as the US dollar strengthened against the Sterling pound in the early American session. The currency pair had traded higher earlier today during the Asian and London sess
