Hang Seng jumps as healthcare and biotech stocks rally despite weak China GDP data
The Hang Seng Index jumped to its highest level since June 15, even after China published a weak macro report. It soared to 24,692, up by 9.7% from its lowest…
Kospi Index rebounds as Samsung and SK Hynix rally: is the tide finally turning?
The Kospi Index continued its strong recovery as technology companies like Samsung and SK Hynix soared. It jumped to 7,377, up by 15% from its lowest point this month. Still,…
Xiaomi stock at risk as phone market share slips while Samsung, Apple gain ground
Xiaomi stock retreated for two consecutive days after a report confirmed that the company was losing market share in the smartphone industry. It slipped to H$25.82 in Hong Kong, a…
Buy GE Vernova, Lam Research, United Airlines stocks: Morgan Stanley
Morgan Stanley has identified three stocks that could outperform as the second-quarter earnings season gets underway. The Wall Street bank highlighted GE Vernova (NYSE: GEV), Lam Research (NASDAQ: LRCX), and…
Lucid Group stock has crashed amid bankruptcy fears: Is it safe to buy the dip?
Lucid Group stock is attempting to rebound today, July 15, after plunging more than 40% in the previous session. LCID rose by about 2% in premarket trading to $4.73, recovering…
AI spending and Fed hopes fuel sharp rebound in investor sentiment, BofA finds
Global investor sentiment reached its highest level since February, according to Bank of America’s latest Global Fund Manager Survey.Fund managers turned more optimistic on the economic outlook, AI spending and…
US CPI falls sharply in June as energy prices tumble, but relief may be shortlived
US consumer prices recorded their biggest monthly decline in more than six years in June as a sharp drop in energy prices provided temporary relief from this year’s inflation pressures.The…
US wholesale prices fall unexpectedly in June driven by lower energy costs
US wholesale prices unexpectedly declined in June, offering fresh signs that inflationary pressures are easing, although renewed geopolitical tensions in the Middle East threaten to reverse the recent improvement in…
Lucid Group stock has crashed amid bankruptcy fears: Is it safe to buy the dip?
Lucid Group stock is attempting to rebound today, July 15, after plunging more than 40% in the previous session. LCID rose by about 2% in premarket trading to $4.73, recovering…
Dow rises 140 points as softer inflation, BlackRock, PayPal lift US stocks
US stocks opened higher on Wednesday after investors responded to another softer-than-expected inflation report and a fresh round of corporate earnings.Chip stocks fell even after upbeat guidance from ASML.The Dow…