Shell, BP, and other energy stocks jump as crude oil prices rebound
BP and Shell shares have staged a strong comeback this week, helped by rising crude oil prices. BP jumped to 505p, its highest point since June 22, and 12.2% above…
Here’s why Nio stock is pumping in the premarket today
Nio stock has pulled back sharply in the past two months, moving from a high of $6.98 in May to a low of $4.66. It has stabilized recently, rising to…
Figma stock forms a rare double-bottom pattern: is a rebound coming?
Figma stock has staged a modest comeback in the past few days, moving from a record low of $16.80 to the current $23.65. This rebound may continue in the coming…
Oracle stock drops below crucial support as its bond yields jump: now what?
Oracle stock continued its strong freefall this week, reaching its lowest level since April last year. ORCL has slumped by over 62% from its all-time high, with Larry Ellison’s net…
New York Times is not ‘failing’: Here’s why its stock may surge soon
The New York Times’ stock has pulled back into a local correction, retreating from its year-to-date high of $87.18 to $75.The decline follows profit-taking after Berkshire Hathaway disclosed its stake…
Nasdaq rises as soft CPI eases Fed fears, IBM plunges over weak outlook
US stocks opened higher on Tuesday after softer-than-expected June inflation data reduced expectations of an immediate Federal Reserve rate hike. Investors also assessed second-quarter earnings from major US banks and corporate…
Citigroup stock rises after reporting strong Q2 results driven by trading and growth
Citigroup beat Wall Street estimates for second-quarter profit after reporting its highest quarterly revenue in a decade, as strong trading activity and higher investment banking fees boosted results.The bank reported…
Apple stock falls after KeyBanc downgrade on slowing growth concerns
Apple AAPL stock fell around 1% on Tuesday after KeyBanc Capital Markets downgraded the iPhone maker, citing slowing hardware demand, weaker growth expectations, and valuation concerns despite the stock’s strong…
Bank of America Q2 earnings weren’t without pockets of weakness
Bank of America (BAC) shares are extending gains on Tuesday morning after the investment firm came in handily above Street estimates for its fiscal Q2.BAC earned $1.21 on a per-share…
Arm stock falls 6% as HSBC cites foundry bottlenecks, cuts rating to Hold
Arm Holdings shares fell more than 6% on Tuesday after HSBC downgraded the chip designer to Hold, saying foundry capacity constraints are likely to limit earnings upside despite the company’s…