AST SpaceMobile stock is slipping and Amazon may be to blame

AST SpaceMobile Inc (NASDAQ: ASTS) closed “meaningfully” lower on Tuesday after Amazon announced a definitive $11.6 billion deal to acquire peer satellite operator Globalstar. The news eclipsed ASTS’s recent operational triumphs, including record-breaking Q4 revenue that helped it break above its major moving averages (MAs) in early April. Versus its year-to-date high, AST SpaceMobile stock… Continue reading AST SpaceMobile stock is slipping and Amazon may be to blame

Evening digest: Trump hints Iran talks, Amazon-Globalstar deal

Global markets saw a mix of geopolitical, corporate, and asset-driven developments on Tuesday, as Donald Trump signaled possible progress in US-Iran talks, Amazon announced a major satellite acquisition, oil prices fell on easing supply concerns, and Bitcoin rallied alongside broader risk assets. Trump hints at breakthrough in US-Iran talks Trump indicated that diplomatic developments could… Continue reading Evening digest: Trump hints Iran talks, Amazon-Globalstar deal

What to expect from Bank of America’s Q1 earnings?

Bank of America is set to report its first-quarter earnings on Wednesday before market open, with investors closely watching for signs of continued growth and resilience across the banking sector. The financial services giant heads into the results following a solid prior quarter, where it reported revenue of $28.55 billion, up 7.1% year over year,… Continue reading What to expect from Bank of America’s Q1 earnings?

Lucid stock falls as new CEO, funding deals raise fresh concerns

Shares of Lucid Group moved lower on Tuesday after the electric-vehicle maker unveiled a sweeping set of updates, including a leadership change, fresh capital raises, and expanded partnerships in autonomous mobility. The stock dropped more than 4%, extending its losses to roughly 65% over the past 12 months, as investors weighed the implications of continued… Continue reading Lucid stock falls as new CEO, funding deals raise fresh concerns

Why Bloom Energy stock’s Oracle-driven surge is an ‘overreaction’

Bloom Energy (NYSE: BE) ripped higher on Apr 14 after the AI infrastructure titan Oracle (NYSE: ORCL) expanded its master agreement to procure up to 2.8 GW of the firm’s fuel cell capacity. This is a significant jump from the previous 1.2 GW agreement, highlighting the insatiable power demand of the artificial intelligence-energy nexus. However,… Continue reading Why Bloom Energy stock’s Oracle-driven surge is an ‘overreaction’

Coinbase stock jumps on crypto rally, Clarity Act hopes boost outlook

Shares of Coinbase Global Inc. moved higher on Tuesday, supported by a broad rally in cryptocurrency markets and renewed optimism around US regulatory clarity. The stock rose over 6.5% during the session, with momentum building as digital assets surged. The total crypto market capitalization climbed 4.74% to $2.56 trillion, led by gains in Bitcoin, which… Continue reading Coinbase stock jumps on crypto rally, Clarity Act hopes boost outlook

Goldman Sachs joins Bitcoin ETF game amid surging investor demand

Goldman Sachs filed a Bitcoin ETF prospectus as the top cryptocurrency surged above $76,000, as broader risk assets also advanced on improving market sentiment. The move could add fresh momentum to a market already watching renewed institutional interest in crypto-linked products. Goldman Sachs files Bitcoin ETF prospectus Goldman Sachs, the world’s leading investment bank, has… Continue reading Goldman Sachs joins Bitcoin ETF game amid surging investor demand

IonQ stock soars on two announcements: valuation risks remain?

IonQ Inc (NYSE: IONQ) is pushing meaningfully higher on Apr. 14 after the quantum-technology company announced two major technical and commercial milestones. As investors cheered the news, IONQ broke above its 20-day and 50-day moving averages (MAs), indicating a shift in near-term momentum in favour of the bulls. Despite today’s rally, however, IonQ stock remains… Continue reading IonQ stock soars on two announcements: valuation risks remain?

Ken Griffin warns Strait of Hormuz closure risks global recession

Billionaire investor Ken Griffin has warned that a prolonged shutdown of the Strait of Hormuz could push the global economy into a recession, underscoring the risks tied to ongoing tensions in the Middle East. Speaking at the Semafor World Economy Forum, the founder and CEO of Citadel described the situation as a critical inflection point… Continue reading Ken Griffin warns Strait of Hormuz closure risks global recession