India’s largest IT services firm, Tata Consultancy Services (TCS), announced a significant drop in its deal wins for the first quarter of FY25, with the total contract value (TCV) falling to $8.3 billion (£6.32 billion). This represents an 18.6% decrease from the $10.2 billion (£7.76 billion) in the same period last year and a 37%… Continue reading India’s TCS reports sharp decline in Q1 deal wins, order book at $8.3 billion
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Synapse mess: Banks advance in unlocking $96 million for 100,000 fintech users
Efforts are underway to bring relief to over 100,000 Americans whose savings have been frozen in fintech accounts following the collapse of fintech intermediary Synapse. Banks are making significant progress in resolving this financial turmoil, potentially leading to the release of funds within weeks. Synapse collapse affects over 100,000 customers Since May, more than 100,000… Continue reading Synapse mess: Banks advance in unlocking $96 million for 100,000 fintech users
Lucid Group stock analysis: how high can LCID reach?
Lucid Group (LCID) stock price continued rising on Thursday as demand for electric vehicle companies rose. It jumped to a high of $3.37, its highest point since February this year. It has soared by over 45% from its lowest point this year. Lucid’s turnaround is continuing There are increasing signs that Lucid Group’s turnaround is… Continue reading Lucid Group stock analysis: how high can LCID reach?
Morgan Stanley cuts ON Semiconductor to Underweight: Should you sell?
ON Semiconductor Corp (NASDAQ: ON) finds itself in the spotlight today after Morgan Stanley downgraded its rating to Underweight from Equal-Weight and reduced the price target from $70 to $65. This move by Morgan Stanley primarily stems from concerns regarding the company’s exposure to the automotive industry, particularly in areas like silicon carbide and image… Continue reading Morgan Stanley cuts ON Semiconductor to Underweight: Should you sell?
Rosenblatt raises price target on Broadcom stock to $2,400: Time to buy?
On Thursday, Rosenblatt Securities raised its price target on Broadcom Inc. (NASDAQ: AVGO) to an impressive $2,400 from $1,650, while reiterating its “Buy” rating. This bullish adjustment by Rosenblatt is driven by Broadcom’s strong performance and strategic positioning within the burgeoning AI sector, signaling potential growth that could interest any investor. Why such confidence in… Continue reading Rosenblatt raises price target on Broadcom stock to $2,400: Time to buy?
Costco stock price analysis: a pullback cannot be ruled out
The Costco (NASDAQ: COST) stock price continued soaring this week after the company boosted its guidance and hiked its membership prices. It is in its third month of gains and is sitting at its all-time high of $900, giving it a market cap of over $393 billion. A future dividend aristocrat Costco Wholesale is one… Continue reading Costco stock price analysis: a pullback cannot be ruled out
What makes an elite trader? Interview with crypto influencer Annii Snelleksz
After yet another day of volatility in the crypto market, Annii Snelleksz settles into her routine with a sense of purpose and calm. As an elite trader at Bitget and founder of the online community TradeTravelChill, she has carved out a unique space in the crypto world. Her community includes over 89,000 members, all eager… Continue reading What makes an elite trader? Interview with crypto influencer Annii Snelleksz
Is the 2x Bitcoin Strategy ETF (BITX) a good fund to buy?
Bitcoin price has outperformed traditional assets like stocks and commodities this year despite the recent drawdown. It has risen by over 30% this year while the Nasdaq 100 and S&P 500 indices have risen by less than 21%. The 2x Bitcoin Strategy ETF (BITX) has also done well as it rallied by 26% this year,… Continue reading Is the 2x Bitcoin Strategy ETF (BITX) a good fund to buy?
Albemarle stock hits new 52-week low amid falling lithium prices: Time to sell?
Albemarle Corporation (NYSE: ALB), a prominent player in the lithium market, has been witnessing a significant drop in its stock value recently, hitting new 52-week lows every day. On July 9th, 2024, Albemarle’s stock plummeted by 8.7%, reaching its lowest point since October 2020. This decline was notably the most substantial drop within the S&P… Continue reading Albemarle stock hits new 52-week low amid falling lithium prices: Time to sell?