Rocket Lab (NASDAQ: RKLB) stock has slipped into a local bear market after falling by 25% from its highest point this year. It was trading at $113.65, with its market capitalization falling from over $86.8 billion to $65 billion. So, will this crash continue further or rebound? Why Rocket Lab and other space stocks have… Continue reading Rocket Lab stock has crashed into a local bear market: will RKLB rebound?
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Intuit stock is the worst performer in the Nasdaq 100 Index this year: buy the dip?
Intuit stock price has crashed this year and is now hovering at its lowest level since September 2020. INTU has plunged 62% from its July last year high, making it the top laggard in the Nasdaq 100 Index this year. Its market cap has slumped from over $215 billion to $83 billion today. Intuit stock… Continue reading Intuit stock is the worst performer in the Nasdaq 100 Index this year: buy the dip?
Dow futures climb 125 points: 5 things to know before Wall Street opens
US stock-index futures advanced on Tuesday as chipmakers extended their rebound and easing tensions in the Middle East helped restore some appetite for risk. Futures tied to the S&P 500 rose about 0.39%, while Nasdaq 100 futures gained 0.67%. Futures linked to the Dow Jones Industrial Average advanced over 125 points, or 0.25%. The move… Continue reading Dow futures climb 125 points: 5 things to know before Wall Street opens
GSK’s $10.6B Nuvalent takeover fails to impress investors as shares fall: here’s why
GlaxoSmithKline is making its largest oncology acquisition in years with a $10.6 billion deal for US-based cancer drug developer Nuvalent, betting that a trio of promising lung cancer therapies can help drive future growth and offset looming patent expirations in its HIV portfolio. The acquisition, announced on Tuesday, will give the British pharmaceutical giant access… Continue reading GSK’s $10.6B Nuvalent takeover fails to impress investors as shares fall: here’s why
SpaceX IPO is oversubscribed now: is it time to invest?
SpaceX’s blockbuster IPO is attracting exactly the kind of demand many expected from Elon Musk’s most ambitious company. The offering is now reportedly oversubscribed ahead of its June 11 pricing, with institutional demand already exceeding the number of shares available. The strong interest highlights investor enthusiasm for a company that spans rockets, satellite internet, and… Continue reading SpaceX IPO is oversubscribed now: is it time to invest?
SpaceX IPO sparks global rally, Asian proxy plays lead gains
The upcoming initial public offering of SpaceX is triggering a wave of investor interest across Asia, with market participants seeking exposure to the Elon Musk-led company through exchange-traded funds and supply chain partners expected to benefit from the landmark listing. SpaceX is targeting a $75 billion fundraising and a valuation approaching $1.8 trillion, making it… Continue reading SpaceX IPO sparks global rally, Asian proxy plays lead gains
London’s FTSE 100 falls as GSK slides after Nuvalent deal
The UK’s benchmark FTSE 100 index moved lower on Tuesday, pressured by losses in healthcare giant GSK after the company announced plans to acquire shares of US-based drug developer Nuvalent in a deal valued at $10.6 billion. By 0810 GMT, the blue-chip FTSE 100 had slipped 0.3% to 10,341 points. In contrast, the mid-cap FTSE… Continue reading London’s FTSE 100 falls as GSK slides after Nuvalent deal
Here’s why Cardano price has crashed and erased $84 billion in value
Cardano (ADA) price has crashed deeper than other altcoins this year, and is now hovering near its all-time low. It was trading at $0.1660 on Tuesday, down sharply from the record high of $3. This retreat has erased over $84 billion in value as the market cap has dropped from over $90 billion to $6… Continue reading Here’s why Cardano price has crashed and erased $84 billion in value
Indian banks lead market gains on RBI’s foreign deposit initiative
Shares of Indian banks rose more than 1% on Tuesday, making them the top-performing sectoral gainers after the Reserve Bank of India issued detailed guidelines for a concessional foreign exchange swap facility that lenders can use for overseas borrowings. The move forms part of a broader package of measures announced by the central bank to… Continue reading Indian banks lead market gains on RBI’s foreign deposit initiative