Binance reveals a $1B SpaceX stake: what happens if it sells its stake?
SpaceX (SPCX) shares fell roughly 5% in trading Friday as tech stocks fell after Amazon and Intel’s disappointing earnings. Binance’s response to a massive cryptocurrency theft put its investment in…
Why are Micron, SK Hynix, and SanDisk stocks falling on Friday?
Memory stocks including Micron Technology, SK Hynix and SanDisk fell sharply on Friday as disappointing earnings from Amazon and Intel triggered a broader sell-off in technology and semiconductor shares.Micron MU…
Exxon earnings: $19B cash haul comes with a catch
ExxonMobil’s (XOM) latest earnings give investors something more useful than another headline about soaring oil profits: a test of how much cash the business can generate – and how much…
Apple stock rises as new macbook launch draws analyst support
Apple stock AAPL gained 1.66% on Thursday, outperforming broader US markets as investors assessed the company’s latest hardware announcements and analysts’ views on its growth prospects.The Nasdaq Composite fell 1.24%,…
Caterpillar stock sinks after earnings: here’s the case for buying
Caterpillar (CAT) shares opened notably lower on Thursday even though the industrial equipment giant reported better-than-expected earnings for its fiscal Q3.Investors wanted more confidence that Caterpillar Inc could sustain its…
DoorDash to acquire Instacart in $17B deal as it expands grocery delivery business
DoorDash has agreed to acquire Instacart in a deal valued at about $17 billion, marking its biggest acquisition as the food delivery company looks to expand its presence in the…
SK Hynix stock jumps as its revenue and profits soar: will these gains hold?
SK Hynix stock popped to its highest point since October after the company published strong financial results and boosted its payouts to investors. It jumped to 1.48 million won in…
Lloyds share price forms double-bottom ahead of UK budget, Q3 earnings
Lloyds Bank shares have stabilized this week as investors wait for its closely watched earnings report, which will shed light on its performance. It was trading at 102.60p on Wednesday,…
Here’s why Enphase Energy stock is plummeting after earnings and what next
Enphase Energy stock continued its sharp sell-off, hitting a record low of $25.80 after the company reported its financial results. It has now slumped by 60% from its peak last…
Here’s why Chinese EV stocks like Li Auto, XPeng, Polestar, and Nio are falling
Chinese EV stocks are in a strong freefall this year as demand among customers wanes and as the government stops prioritizing the industry. Nio stock has slumped to $3.29, down…