US stock indices moved higher on Wednesday after President Donald Trump extended the ceasefire with Iran, even as uncertainty persisted over the durability of the truce. The Dow Jones Industrial Average rose by more than 417 points, or about 0.85%, while the S&P 500 gained roughly 0.67% and the Nasdaq 100 climbed 0.72%. The gains… Continue reading Dow Jones jumps 417 pts as Trump extends Iran ceasefire
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Robinhood fund takes $75M stake in OpenAI
Robinhood’s proprietary investment vehicle for retail investors has taken a small stake in privately held OpenAI, the trading company announced on Wednesday. The Robinhood Ventures Fund I (RVI), which offers investors exposure to private technology companies, invested $75 million in the artificial intelligence firm. The fund went public and began trading on the New York… Continue reading Robinhood fund takes $75M stake in OpenAI
Corie Barry to step down as Best Buy names Jason Bonfig CEO
Best Buy has announced a leadership transition, naming Jason Bonfig as its next chief executive officer, replacing Corie Barry later this year. The move comes at a critical juncture for the consumer electronics retailer, which is grappling with sluggish sales growth and shifting consumer behaviour in a high-cost environment. Bonfig will take over as CEO… Continue reading Corie Barry to step down as Best Buy names Jason Bonfig CEO
Here’s why the Rolls-Royce share price is falling this week
Rolls-Royce share price dropped for three consecutive days, reaching its lowest level since April 7 as crude oil soared. It dropped to a low of 1,160p, down sharply from the year-to-date high of 1,420p. RR stock chart | Source: TradingView The ongoing Rolls-Royce stock crash happened after President Donald Trump delivered another TACO (Trump Always… Continue reading Here’s why the Rolls-Royce share price is falling this week
Opendoor flashes a highly bullish pattern as meme stocks surge
Opendoor stock price has risen modestly in the past few days, reaching its highest level since January this year. This rally has coincided with the ongoing stock market rally and the surge in meme stocks. Opendoor is soaring amid the meme stock rally The main reason why the OPEN stock is rising is because it… Continue reading Opendoor flashes a highly bullish pattern as meme stocks surge
Dow futures surge 214 points: 5 things to know before market opens
US stock index futures climbed on Wednesday after President Donald Trump said the United States would indefinitely postpone any attack on Iran. The development eased immediate concerns over a broader Middle East conflict and helped revive risk appetite before the opening bell. Investors were also looking ahead to a busy day of earnings, with Boeing… Continue reading Dow futures surge 214 points: 5 things to know before market opens
Reckitt stock dips on Q1 miss: what’s really ailing the health giant?
Reckitt stock fell about 5% in early trading on Wednesday after the consumer goods group said first-quarter core like-for-like net revenue rose only 1.3%. The figure was well below the 2.9% analysts had expected, and warned that first-half adjusted operating margin would be roughly 200 basis points lower than a year earlier. The update pointed… Continue reading Reckitt stock dips on Q1 miss: what’s really ailing the health giant?
Japan stocks outlook lifted as JPMorgan boosts Nikkei target
JP Morgan on Wednesday raised its year-end target for Japan’s benchmark Nikkei share average, citing strong momentum from artificial intelligence and currency dynamics. The investment bank increased its Nikkei target to 70,000 from a previous estimate of 61,000. It also lifted its projection for the broader Topix index to 4,300 from 4,100. The upward revision… Continue reading Japan stocks outlook lifted as JPMorgan boosts Nikkei target
Why is Sapporo stock sliding 6% after selling its US beer unit?
Sapporo Holdings stock slid as much as 6.4% on Wednesday after the Japanese brewer said it would sell Stone Brewing to Firestone Walker and Duvel Moortgat. The move is being read less as a clean strategic exit than as evidence that its US expansion has been costly and slow to pay off. The stock dropped… Continue reading Why is Sapporo stock sliding 6% after selling its US beer unit?