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Shares of Rocket Lab (NASDAQ: RKLB) climbed in premarket trading after the space company announced that NASA had selected its Electron launch vehicle for two Earth and solar science missions. The missions, known as Polarized Submillimeter Ice-cloud Radiometer Satellite (PolSIR) and Total and Spectral Solar Irradiance Sensor-2 (TSIS-2), will launch from Rocket Lab’s Launch Complex… Continue reading Rocket Lab stock rises as NASA selects Electron for two missions

Michael Saylor’s STRC stock has made headlines this week as its implosion gained momentum amid the ongoing crypto market weakness. The Variable Rate Series A Perpetual Stretch Preferred Stock plunged from the par level of $100 to a record low of $72.60. Sadly, it is not the only crypto-related preferred stock that is imploding this… Continue reading It’s not just STRC: Top preferred stocks like SATA and BMNP are slumping

London’s benchmark equity indexes traded lower on Friday as weakness in commodity-linked stocks and continued uncertainty surrounding artificial intelligence-related shares weighed on investor sentiment. Declining crude oil and metal prices further pressured the market, while investors also remained focused on inflation risks and the outlook for UK interest rates. Commodity stocks lead market decline The… Continue reading FTSE falls as energy and mining stocks weigh on UK markets

China’s domestic technology initial public offering market is witnessing a strong recovery as Beijing steps up efforts to support listings by semiconductor and artificial intelligence (AI) companies. The renewed momentum comes as the country pursues technological self-reliance amid its ongoing rivalry with the United States. Technology companies have raised a combined $3.1 billion through stock… Continue reading China’s technology IPO market rebounds on AI and semiconductor push

Wall Street’s AI trade is heading into Friday with less confidence than it had 24 hours ago. Nasdaq futures led the decline as chip stocks gave back part of their Micron-driven rally, while investors again questioned whether the sector’s explosive gains have run ahead of earnings reality. The mood was not helped by reports that… Continue reading Wall Street futures trade mixed today: 5 things to know before markets open

South Korean stocks ended their worst week in more than three months on Friday, capping a turbulent stretch that has also prompted comparisons between the country’s benchmark equity index and the meme-stock frenzy that gripped global markets in 2021. The benchmark KOSPI index closed down 519.09 points, or 5.81%, at 8,411.21 after tumbling as much… Continue reading Kospi suffers worst week since March: Why has the index turned so volatile?

Advanced Micro Devices (NASDAQ: AMD) stock has surged more than 130% this year, but Wall Street is still chasing the stock higher. In June alone, Barclays, UBS, Mizuho and Bernstein all raised their price targets on the chipmaker as analysts are no longer treating AMD as just a second-place GPU challenger to Nvidia. They are… Continue reading AMD stock: why analysts are suddenly raising their price targets