Nasdaq futures soar 150 points: 5 things to know before Wall Street opens

US stock futures edged higher on Wednesday as investors weighed a blockbuster takeover approach for PayPal against fresh inflation data and another test of corporate earnings. Dow futures were up 15 points, S&P 500 futures gained 0.1%, while Nasdaq-100 futures advanced 0.4%. The gains followed a strong start to bank earnings and a softer-than-expected consumer-price… Continue reading Nasdaq futures soar 150 points: 5 things to know before Wall Street opens

SpaceX stock has erased all its IPO gains, but a 76% rally may be brewing

SpaceX stock (NASDAQ: SPCX) briefly looked unstoppable after the world’s largest initial public offering, but almost all the early excitement has now disappeared. Shares closed Tuesday at $136.08, only $1.08, or 0.8%, above the $135 offering price. The stock has fallen almost 40% from its June 16 intraday peak of $225.64, wiping an estimated $1.2… Continue reading SpaceX stock has erased all its IPO gains, but a 76% rally may be brewing

Bitrue unveils explainable AI trading tool after 333% volume jump

Crypto exchange Bitrue has launched an artificial intelligence-powered trading platform that lets users build and activate automated strategies without writing code, as demand for AI-linked markets accelerates among its customers. The product, called Bitrue AI, can generate a personalised strategy in about 10 seconds after a user selects an asset and preferred risk level, according… Continue reading Bitrue unveils explainable AI trading tool after 333% volume jump

ASML stock jumps after 2026 outlook raise as AI demand drives capacity expansion

ASML Holding raised its financial guidance for 2026 on Wednesday after reporting stronger-than-expected second-quarter earnings and announcing plans to increase capacity. The results showed that robust demand for artificial intelligence chips continues to fuel investment across the semiconductor industry. The Dutch company, the world’s largest supplier of semiconductor manufacturing equipment, now expects full-year 2026 net… Continue reading ASML stock jumps after 2026 outlook raise as AI demand drives capacity expansion

Groww shares gain after quarterly profit surges on higher trading activity

Groww parent Billionbrains Garage Ventures reported that its consolidated net profit nearly doubled in the first quarter, driven by strong growth in transacting users and higher trading activity across its investment platform. The results also lifted investor sentiment, with the company’s shares rising during trading. The company posted a consolidated net profit of 7.35 billion… Continue reading Groww shares gain after quarterly profit surges on higher trading activity

3 stocks riding the wave from IBM’s earnings disaster

IBM stock suffered its worst one-day decline on record after the technology group admitted that customers were moving money away from its products and towards urgently needed data-centre infrastructure. The stock plunged 25.2% to $217.07 on Tuesday, leaving it just above its 52-week low, after preliminary second-quarter revenue and profit missed Wall Street forecasts. Yet… Continue reading 3 stocks riding the wave from IBM’s earnings disaster

PayPal stock jumps on Stripe, Advent acquisition rumors: what went wrong?

PayPal’s stock surged in premarket trading after reports emerged that Stripe and Advent International had offered to acquire the company for over $53 billion.  The offer, valued at $60.50 per share, represents roughly a 28% premium over PayPal’s most recent closing price. Shares have traded as low as $38.46 over the past year, a steep… Continue reading PayPal stock jumps on Stripe, Advent acquisition rumors: what went wrong?

TSMC stock braces for record earnings, but this Nvidia risk could derail the rally

TSMC is expected to deliver another record profit on Thursday, but investors may need more than strong headline numbers to push the stock higher. The chipmaker reports at 2 AM ET on July 16. Analysts expect second-quarter net profit to surge 59% to NT$632.6 billion, which would mark a fifth consecutive quarterly record. Revenue is… Continue reading TSMC stock braces for record earnings, but this Nvidia risk could derail the rally

Kospi rockets 7% as US inflation shock unleashes Asia-wide rally

Asian stocks rallied on Wednesday as a surprise drop in US inflation eased fears of an imminent Federal Reserve rate increase, while a pause in oil’s surge removed some of the pressure that had dominated markets earlier in the week. South Korea’s Kospi surged 7%, Japan’s Nikkei 225 rose 1% and MSCI’s broadest gauge of… Continue reading Kospi rockets 7% as US inflation shock unleashes Asia-wide rally