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Sector Update: Financial Stocks Steady Premarket Friday
Sector Update: Financial Stocks Steady Premarket Friday
Apr 26, 2024
09:17 AM EDT, 04/26/2024 (MT Newswires) -- Financial stocks were steady premarket Friday with the Financial Select Sector SPDR Fund ( XLF ) recently inactive. The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.1% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was up 0.3%. Aon (AON) fell by over 6%...
US STOCKS-Wall St rises as Big Tech charges higher
US STOCKS-Wall St rises as Big Tech charges higher
Apr 26, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * March PCE data in line with estimates * Intel ( INTC ) down after dour Q2 forecast * Indexes up: Dow 0.25%, S&P 0.71%, Nasdaq 1.33% (Updated at 9:43 a.m. ET/1343 GMT) By Shristi Achar A and Shashwat Chauhan...
US Stocks Higher Following PCE Inflation Data; Nasdaq Jumps Over 200 Points
US Stocks Higher Following PCE Inflation Data; Nasdaq Jumps Over 200 Points
Apr 26, 2024
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining by more than 200 points on Friday. Following the market opening Friday, the Dow traded up 0.20% to 38,162.13 while the NASDAQ rose 1.36% to 15,823.47. The S&P 500 also fell, dropping, 0.73% to 5,085.46. Check This Out: Top 4 Materials Stocks That May Explode In Q2 Leading and...
US STOCKS SNAPSHOT-Wall St opens higher; Alphabet tops $2 trillion in market value
US STOCKS SNAPSHOT-Wall St opens higher; Alphabet tops $2 trillion in market value
Apr 26, 2024
April 26 (Reuters) - U.S. stocks opened higher on Friday on megacaps' boost after robust quarterly results from Alphabet pushed its market value over $2 trillion, while an in-line reading for a key inflation print calmed jitters around elevated interest rates. The Dow Jones Industrial Average rose 28.9 points, or 0.08%, at the open to 38,114.7. The S&P 500 rose...
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EliseAI raises $250 million in a16z-led round to expand in healthcare
EliseAI raises $250 million in a16z-led round to expand in healthcare
Aug 20, 2025
* EliseAI valued at over $2.2 billion after funding round * Funding to fuel product innovation and team expansion * Focus on healthcare and housing industry automation By Krystal Hu Aug 20 (Reuters) - Enterprise software maker EliseAI has raised $250 million in a Series E funding round to expand its automation tools for the healthcare and housing industries, the...
US examines equity stake in chip makers for CHIPS Act cash grants, sources say
US examines equity stake in chip makers for CHIPS Act cash grants, sources say
Aug 20, 2025
By Andrea Shalal, David Shepardson, Nandita Bose and Max A. Cherney WASHINGTON/SAN FRANCISCO (Reuters) -U.S. Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel as well as other chip companies in exchange for grants under the CHIPS Act that was meant to spur factory-building around the country, two sources said. As part of a plan...
US examines equity stake in chip makers for CHIPS Act cash grants, sources say
US examines equity stake in chip makers for CHIPS Act cash grants, sources say
Aug 20, 2025
By Andrea Shalal, David Shepardson, Nandita Bose and Max A. Cherney WASHINGTON/SAN FRANCISCO (Reuters) -U.S. Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel as well as other chip companies in exchange for grants under the CHIPS Act that was meant to spur factory-building around the country, two sources said. As part of a plan...
Former Nokia CEO joining Finnish quantum company's board
Former Nokia CEO joining Finnish quantum company's board
Aug 20, 2025
STOCKHOLM, Aug 20 (Reuters) - Former Nokia CEO Pekka Lundmark will join Finnish quantum computing company QMill as an investor and a board member, the company said on Wednesday. Lundmark stepped down from the top job at Nokia earlier this year after being appointed as CEO in 2020, and is credited with turning around the telecom gear maker. Antti Vasara,...
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Brazilian digital lender Nubank posts 42% net profit boost in second quarter
Brazilian digital lender Nubank posts 42% net profit boost in second quarter
Aug 14, 2025
SAO PAULO, Aug 14 (Reuters) - Nu Holdings ( NU ), the listed entity which runs Brazilian digital lender Nubank, posted on Thursday a $637 million second-quarter net profit, a 42% increase from a year earlier on a foreign exchange-neutral basis. The firm's net revenue in the April to June period stood at $3.7 billion, up 40% year-on-year. ...
Strattec Fiscal Q4 Adjusted EPS Falls, Sales Rise; Shares Up After Hours
Strattec Fiscal Q4 Adjusted EPS Falls, Sales Rise; Shares Up After Hours
Aug 14, 2025
05:09 PM EDT, 08/14/2025 (MT Newswires) -- Strattec Security ( STRT ) reported fiscal Q4 adjusted earnings late Thursday of $2.06 per diluted share, down from $2.42 a year earlier. One analyst polled by FactSet expected $1.07. Net sales for the quarter ended June 29 were $152 million, up from $143.1 million a year earlier. A single analyst surveyed by...
Brazilian digital lender Nubank posts 42% net profit boost in second quarter
Brazilian digital lender Nubank posts 42% net profit boost in second quarter
Aug 14, 2025
SAO PAULO (Reuters) -Nu Holdings ( NU ), which runs Brazilian digital lender Nubank, posted on Thursday a $637 million second-quarter net profit, a 42% increase from a year earlier on a foreign exchange-neutral basis. The firm, which has nearly 123 million clients across Brazil - its main market - Colombia and Mexico, reported a net revenue for the April...
Unitil to Raise $65 Million in Registered Stock Offering
Unitil to Raise $65 Million in Registered Stock Offering
Aug 14, 2025
05:08 PM EDT, 08/14/2025 (MT Newswires) -- Unitil ( UTL ) said Thursday it is launching a registered offering of $65 million in common stock. Underwriters have been given the option to buy up to an additional $9.8 million in shares, the company said. Unitil ( UTL ) plans to use the funds to invest in its utility subsidiaries, repay...
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Solana Surpasses Ethereum as Top Ecosystem for New Developers in 2024: Report
Solana Surpasses Ethereum as Top Ecosystem for New Developers in 2024: Report
Dec 13, 2024
Electric Capitals 2024 Developer Report has revealed that for the first time since 2016, Solana outpaced Ethereum as the leading blockchain ecosystem for attracting new developers. The breakthrough highlights Solana’s rapid growth, with 7,625 new devs joining the network in the last 12 months, representing an 83% year-over-year increase. Rise in Developer Activity The report, released on December 12, looked...
We Asked ChatGPT if Ripple (XRP) Can Reach $1T Market Cap This Cycle
We Asked ChatGPT if Ripple (XRP) Can Reach $1T Market Cap This Cycle
Dec 14, 2024
TL:DR; Ripples cross-border token became one of the best performers in the cryptocurrency market on a monthly scale at one point, but can it go even higher? ChatGPT and Perplexity weigh in on the factors needed for its market cap to skyrocket to the $1 trillion mark. XRP at $1T? Recall the price developments around XRP shortly after Donald Trump...
Bitcoin Battles for $100K, Christmas Rally Incoming? (Your Weekly Crypto Recap)
Bitcoin Battles for $100K, Christmas Rally Incoming? (Your Weekly Crypto Recap)
Dec 13, 2024
It hasnt been a particularly fun week in the cryptocurrency industry as the majority of the market is trading in the red. The losses are mostly tolerable, although some altcoins definitely feel the pressure. But lets start with Bitcoin, as always. The primary cryptocurrency saw a week full of volatility. During the weekend, it increased above $101,000 but as soon...
Bitcoin Price Analysis: BTC Breaks Above $100K, Is $120K Next?
Bitcoin Price Analysis: BTC Breaks Above $100K, Is $120K Next?
Dec 14, 2024
Bitcoin’s price is on the verge of decisively breaking out from the $100K resistance level as investors are getting ready for a potential rally higher. Is a new all-time high on the horizon? Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has consistently been making higher highs and lows since rebounding from the...
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