Middle East uncertainty after Iran attack makes for tricky trading
By Amanda Cooper LONDON (Reuters) -Iran’s attack on Israel has rekindled the allure of safe havens and oil has surged, but with no clarity yet on how the Middle East…
Nike shares dip as forecast withdrawal worries investors about turnaround timeline
(Reuters) – Nike (NYSE:NKE) shares dropped about 6% in premarket trading on Wednesday after the company withdrew its annual revenue target, keeping investors guessing on the timeline for a turnaround…
Mercado Libre shares fall after JP Morgan downgrade citing credit, cost concerns
Investing.com — Shares of Mercado Libre (BMV:MELIN) (NASDAQ:MELI) were down 2% on Wednesday following a downgrade by JP Morgan. Previously rated as “overweight,” JP Morgan revised its stance on Mercado…
Apple app store revenue grew 14% year-on-year in Sept: BofA
Investing.com — Apple (NASDAQ:AAPL)’s App Store revenue rose 14% year-over-year (y/y) in September, according to a report from Bank of America. The bank said in a note Wednesday that the…
Sensex, Nifty 50 rebound as IT and auto stocks lead recovery; metal index retreats
After two days of profit booking, India’s domestic equity markets opened on a positive note on October 1, led by gains in IT, energy, and auto stocks. The Sensex rose…
SMCI joins Nvidia, Broadcom in list of semiconductor giants choosing stock splits, here’s why
Super Micro Computer (SMCI), a leader in semiconductor technology, officially joined the growing trend of tech companies executing stock splits. The company announced a 10-for-1 stock split, which took effect…
AI chipmaker Cerebras Systems files for IPO to challenge Nvidia, records threefold revenue jump
AI chip startup Cerebras Systems has filed for an initial public offering (IPO), signaling its ambition to compete with industry giant Nvidia. Cerebras Systems reported more than a threefold increase…
Rolls-Royce share price surged: is Tufan Erginbilgiç just lucky?
Rolls-Royce (LON: RR) share price has gone parabolic this year, rising by 80%, making it one of the best performers in the FTSE 100 index. It has surged by more…
PepsiCo nearing $1 billion acquisition deal for Siete Foods?
PepsiCo Inc. (PEP.O) is in advanced discussions to purchase Texas-based tortilla-chip maker Siete Foods for more than $1 billion, according to sources cited by the Wall Street Journal. The Garza…
Why global investors should tread carefully amid China’s stock market rise
A 25% surge in Chinese stocks, fueled by Beijing’s recent stimulus measures, has left global money managers scrambling to gain exposure to the country’s stock market. However, despite these attractive…