Tag: jump

AI-focused tech firms see big jump in market cap in June

Artificial intelligence-focused companies, mostly chipmakers, saw big gains in their market capitalization at the end of June, with Nvidia (NVDA) briefly overtaking Microsoft (MSFT) to become the most valuable company in the world. Nvidia shares rose as much as 27% in June, boosting its market capitalization to $3.34 trillion, before giving up some of their […]

FedEx forecasts fiscal 2025 profit above estimates on cost cuts; shares jump

(Reuters) -FedEx forecast 2025 profit above analysts’ estimates on Tuesday, anticipating that the cost reductions planned for the year would deliver margin gains even as revenue remains challenged by lackluster demand for parcel shipping. Shares of the company rose more than 16% in trading after the bell, while those of rival United Parcel Service were […]

Gas prices jump in Santa Fe, state ahead of July 4

Jun. 24—Gas prices continue to fluctuate, shooting up across New Mexico and in Santa Fe leading up to what is expected to be a busy day of travel on July 4. AAA New Mexico Weekend Gas Watch said the average price of gas last week in the Santa Fe area was $3.31 per gallon, the […]

Spain to eliminate tax on olive oil to ease price jump

Spain’s leftist government said Friday it will remove the value-added tax on olive oil, a staple of Spanish cuisine which has soared in price due to a severe drought that has caused a sharp drop in the country’s olive harvest. Socialist Prime Minister Pedro Sanchez’s government will from July “permanently” include olive oil in the […]

S&P 500, Nasdaq set to jump as Nvidia surge continues

US stock indexes were set for gains early Thursday as Nvidia’s (NVDA) record-breaking surge, which catapulted it to the title of world’s most valuable public company, was set to continue. Futures tied to the S&P 500 (^GSPC) pointed up around 0.4%, after the index closed Tuesday’s session by securing its 31st record close of the […]

Chinese maker of semi-solid EV batteries reports delivery jump amid range rivalry

Beijing WeLion New Energy Technology, a maker of semi-solid-state batteries for electric vehicles (EVs), reported a jump in delivery volume last month, the latest sign that Chinese EV builders are incorporating advanced technology to extend the driving range of their premium models. The company, backed by Shanghai-based EV producer Nio, supplied 482.9 megawatt hours (MWh) […]

Palantir Technologies Stock Scores RS Rating Jump To 91

Palantir Technologies (PLTR) stock saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 88 to 91. X This exclusive rating from Investor’s Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the trailing 52 weeks compares to […]