Global markets have entered a period of heightened uncertainty as investors brace for the outcome of a deadline set by US President Donald Trump for Iran to reopen the Strait of Hormuz, a critical artery for global oil flows. Iran has shown no indication of complying with the demand by the Tuesday deadline, raising the… Continue reading Markets brace for Trump’s Iran deadline, Dow down 250 points
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Arm stock falls as Morgan Stanley gives reality check on chip plans
Shares of Arm Holdings came under pressure after a sharp rally last month, as investor enthusiasm over its entry into chip manufacturing was tempered by a cautious assessment from Morgan Stanley. Arm Holding’s stock fell 5.4% on Tuesday’s trading session. The brokerage downgraded the stock to Equalweight from Overweight, sending it down more than 7%… Continue reading Arm stock falls as Morgan Stanley gives reality check on chip plans
Tesla stock plunges 4% on Tuesday: why it’s falling
Shares of Tesla fell 3.97% on Tuesday, extending the previous session’s losses, as investors continued to assess weaker-than-expected first-quarter delivery data and rising concerns around valuation and demand. The electric vehicle maker reported deliveries of 358,023 vehicles in the first quarter, missing Wall Street expectations of roughly 366,000 units. Production totaled 408,386 vehicles, creating a… Continue reading Tesla stock plunges 4% on Tuesday: why it’s falling
Why Nvidia stock is slipping another 1.5% today
Nvidia shares declined in early trading Tuesday as geopolitical tensions intensified. The stock fell 1.5% to $174.95. The broader market also weakened. The S&P 500 dropped 0.9%, while Dow Jones Industrial Average futures slipped 0.8%. The VanEck Semiconductor ETF fell 0.9%. Markets came under pressure as Donald Trump’s deadline for Iran to reopen the Strait… Continue reading Why Nvidia stock is slipping another 1.5% today
What to expect from Hertz stock as used car prices hit highs
Hertz Global (NASDAQ: HTZ) is inching higher on April 7th after Cox Automotive confirmed its “Manheim Used Vehicle Value Index” hit the highest level last month since the summer of 2023. According to the world’s largest automotive tech and services provider, its index that tracks prices of used vehicles sold at its US wholesale auctions… Continue reading What to expect from Hertz stock as used car prices hit highs
Josh Brown names top travel stocks poised to weather geopolitical risks
Travel stocks remain in focus this week as escalations continue between the US and Iran, with the Trump administration threatening to soon hit Tehran “extremely hard”. Geopolitical friction often serves as a major headwind for the travel industry as it drives up jet fuel prices – its highest variable cost – and forces expensive flight… Continue reading Josh Brown names top travel stocks poised to weather geopolitical risks
Can Wegovy HD 7.2 mg drive Novo Nordisk’s obesity drug rebound?
Novo Nordisk announced on Tuesday that it is making a higher-dose version of its popular weight-loss medication, Wegovy, available across the United States. The new 7.2-milligram dose, branded as Wegovy HD, was recently approved under the FDA Commissioner’s National Priority Review Voucher program last month, marking a significant development in obesity treatment options. Before this… Continue reading Can Wegovy HD 7.2 mg drive Novo Nordisk’s obesity drug rebound?
Virgin Galactic stock is soaring: is this a dead-cat bounce or start of a rally?
The Virgin Galactic stock price has rebounded this week and is hovering at its highest point since January 28. It has soared by 45% from its lowest point this year, bringing the market capitalisation to $250 million. Top reasons why the Virgin Galactic stock has soared The SPCE stock has soared in the past few… Continue reading Virgin Galactic stock is soaring: is this a dead-cat bounce or start of a rally?
Dow Jones slip 200 points as Trump Iran deadline fuels market fears
Wall Street’s main indexes opened lower on Tuesday as investors assessed escalating tensions between the United States and Iran ahead of President Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz. The Dow Jones Industrial Average was down 214 points, or 0.46%, while the S&P 500 index fell 0.42% and the Nasdaq 100… Continue reading Dow Jones slip 200 points as Trump Iran deadline fuels market fears