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Asian markets opened mixed on Wednesday after President Donald Trump said he would indefinitely extend the Iran ceasefire. The announcement provided some support to risk sentiment, even as investors remained wary of the still-closed Strait of Hormuz and elevated oil prices. Japan’s Nikkei 225 climbed to a fresh record on the back of domestic trade… Continue reading Nikkei hits record high as Asian markets mixed on ceasefire extension

US stocks closed lower on Tuesday, reversing earlier gains as geopolitical uncertainty surrounding Iran and concerns about the Federal Reserve’s independence weighed on investor sentiment. Markets had initially found support from strong corporate earnings and economic data, but those gains faded as the session progressed. The Dow Jones Industrial Average fell 293 points, or 0.59%,… Continue reading Dow Jones sinks 293 pts as Iran fears, Fed tensions hit stocks

Amazon is expanding its footprint in healthcare, unveiling a new program aimed at simplifying access to weight-loss treatments and reshaping how GLP-1 drugs are delivered to patients. The move positions the tech giant as a growing force in the obesity drug market, long dominated by pharmaceutical leaders Eli Lilly and Novo Nordisk. Shares of both… Continue reading Amazon shakes GLP-1 race as Eli Lilly, Novo Nordisk stocks fall

Shares of Lucid Group rose sharply on Tuesday, outperforming broader markets after new disclosures highlighted a deeper relationship with Uber Technologies, though underlying concerns around demand and valuation persist. The electric vehicle maker’s stock climbed about 6.15% to around $7.16 in afternoon trading, even as the S&P 500 and Dow Jones Industrial Average slipped 0.5%… Continue reading Lucid stock jumps on Uber stake reveal, but risks still loom

The buoyant optimism that characterized the start of the April 21st trading session “evaporated” by midday, leaving Wall Street drenched in red as geopolitical concerns returned with a vengeance. After the Nasdaq briefly touched a fresh record high in early trading, the major indices took a sharp u-turn, weighed down by a toxic cocktail of… Continue reading Trump’s ‘great deal’ or bombshell Iran attitude nukes stock market gains

Shares of Nvidia edged lower on Tuesday, even as broader investor confidence in artificial intelligence demand remained intact, and the stock hovered near record levels. The chipmaker’s shares fell about 1.2% in afternoon trading, despite a strong recent rally that has seen the stock gain roughly 15% over the past month. Nvidia is now approaching… Continue reading Why is Nvidia stock slipping despite strong AI demand?

Starbucks is investing $100 million to establish a new support office in Nashville, Tennessee, as part of a broader strategy to expand its US operations and support long-term growth. The Seattle-based coffee chain said the move is expected to create up to 2,000 regional jobs over the next five years. The Nashville office will complement… Continue reading Starbucks to invest $100M in Nashville hub

Navitas Semiconductor (NASDAQ: NVTS) is pushing meaningfully higher on April 21st amidst a convergence of strategic “Navitas 2.0” milestones and heightened retail enthusiasm for artificial intelligence (AI) infrastructure. The upward momentum drove NVTS’s relative strength index (RSI) into the early 80s – indicating “overbought” conditions that often precede a meaningful pullback. Including today’s surge, Navitas… Continue reading Navitas Semiconductor stock is now ‘overbought’: but should you sell?