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The Competition and Markets Authority (CMA) has launched a formal investigation into Amazon’s multibillion-dollar investment in the US artificial intelligence firm Anthropic. The probe aims to determine whether the partnership could potentially harm competition in the UK. The CMA announced on Thursday that it has initiated a “Phase 1” investigation to assess if the Amazon-Anthropic… Continue reading UK regulator investigates Amazon’s $4 billion investment in AI firm Anthropic

Renowned investor Jim Cramer is optimistic about Robinhood’s future, predicting further gains for the stock in the coming days. Despite a modest rise in Robinhood Markets Inc.’s stock price on Thursday, the company’s recent earnings report exceeded Wall Street’s expectations for Q2.  Robinhood Q2 earnings report  Robinhood’s second-quarter performance showcased a robust 69% year-over-year growth… Continue reading Jim Cramer predicts further gains for Robinhood stock: Here’s why

Shopify stock was up 22% today following an earnings beat and a healthy forecast for the rest of the year. The company saw increased demand for its e-commerce software despite a slowdown in consumer spending. The results are remarkable because competitors like Amazon and Etsy, on their respective earning calls recently, have complained of consumer… Continue reading Shopify stock soars 22% on earnings beat despite consumer spending slowdown: Time to buy?

Sunrun Inc (NASDAQ: RUN) is up more than 15% on Wednesday after rival SunPower Corporation (NASDAQ: SPWR) filed for bankruptcy following months of struggles related to higher interest rates. SPWR recently faced allegations of financial misconduct which contributed to GLJ Research calling SunPower stock “worthless” in July. But the bane of SunPower could be a… Continue reading Sunrun stock soars 15% after SunPower bankruptcy filing: What you need to know

Entain (LON: ENT) share price has been in a steep sell-off this year, making it one of the worst performers in the FTSE 100 index. It tumbled to a low of 528p on Thursday, its lowest swing in years. It has dropped by over 78% from its highest point in 2021. Entain has dropped by… Continue reading Entain share price gets oversold ahead of earnings

Super Micro Computer Inc. (NASDAQ: SMCI) saw its stock drop by 20% today following its Q4 earnings report. Despite announcing a better-than-expected forecast and a forthcoming 10-for-1 stock split effective October 1st, the market reaction was overwhelmingly negative. Delay in Nvidia’s Balckwell GPUs On the company’s earnings call, CEO Charles Liang mentioned that he did… Continue reading Super Micro Computer stock plummets 20% as CEO attributes underperformance to Nvidia delays

In a recent survey, nearly half of student loan borrowers are optimistic about future forgiveness of their debts.  The “How America Pays for College” report by Sallie Mae reveals that 48% of borrowers expect the government to excuse their education loans.  This annual report, conducted between April 8 and May 14 by global market research… Continue reading Nearly 50% of student loan borrowers anticipate future debt forgiveness: What you need to know

Renowned investor Jim Cramer has identified two stocks that he believes are undervalued following their recent earnings reports. Cramer is bullish on Advanced Micro Devices Inc (NASDAQ: AMD) and Eaton Corporation PLC (NYSE: ETN), urging investors to consider these stocks amidst their current weakness. Jim Cramer, host of CNBC’s “Mad Money,” has increased his holdings… Continue reading Jim Cramer names top two stocks to buy on post-earnings dip