(Bloomberg) — Chinese buyers are temporarily shunning Russian aluminum, as commercial realities intrude on the push to deepen bilateral trade ties. Most Read from Bloomberg Sanctions imposed on Russian base metals last month by the top UK and US exchanges are expected to drive more aluminum sales to China, the world’s biggest consumer of the […]
By Josh Ye HONG KONG (Reuters) – Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just a stone’s throw away from Apple shops, as it seeks to retake the premium electronics throne in the world’s biggest smartphone market. Situated directly across from Apple’s Shanghai flagship store, Huawei’s recently […]
President Biden spoke Tuesday about the administration’s decision to announce a new wave of tariffs across an array of Chinese goods. “American workers can outwork and outcompete anyone as long as the competition is fair. But for too long it hasn’t been fair,” the president said while speaking at the White House Lawn. He criticized […]
GameStop (GME) and AMC (AMC) are soaring again, with both stocks up more than 100% in the past week. While the moves are sending vibrations through the market that feel like the 2021 meme stock mania, Wall Street strategists say this fresh burst of enthusiasm is far from the madness of three years ago. In […]
(Bloomberg) — Meme-stock traders again piled into GameStop Corp. and AMC Entertainment Holdings Inc., a day after shares of both firms soared in a revival of the retail frenzy. Most Read from Bloomberg The video-game retailer’s stock jumped as much as 51% in premarket trading on Tuesday, while that of the beleaguered movie theater chain […]
Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were little changed ahead of Tuesday’s stock market open. Nvidia stock boasts a new buy point, while GameStop (GME) rocketed after the return of Keith Gill, known by his social media name “Roaring Kitty.” Up next, a key inflation report looms from the […]
US Consumers Brace For Higher Inflation, Home Price Surge: New York Fed Survey The latest Survey of Consumer Expectations (SCE) from the Federal Reserve Bank of New York shows American consumers are bracing for increased inflation and the fastest home price growth in nearly two years, alongside an evolving outlook on the labor market and […]
(Bloomberg) — GameStop Corp. shares more than doubling on no fundamental news. Short sellers getting squeezed and retail traders using same-day options to amplify gains in otherwise beaten-down stocks. Nonsense crypto coins adding more than 1,000%. Most Read from Bloomberg That was Monday. But it could just as easily describe early 2021, when the meme-stock […]
Bitcoin Options Data Indicates Expectations of Price Surge Towards Highs by End June Recent options data from Binance has revealed a concentration of open interest in bitcoin options at a strike price of $75,000 for the end-of-June expiry, according to market analyst Ruslan Lienkha. Lienkha explained that this open interest concentration aligns with Bitcoin’s all-time […]
Realty Income (NYSE: O) shares have struggled over the past year — they’re down over 10%. However, the real estate investment trust (REIT) pays an attractive monthly dividend and just turned in solid first-quarter results. Let’s take a look at its most recent quarterly report, the safety of its dividend, and whether now is the […]
(Bloomberg) — Novavax Inc.’s record one-day gain is forcing some short sellers betting against the stock to exit their positions at a loss. Most Read from Bloomberg Shares of the vaccine maker soared 99% Friday, after the company signed a $1.2 billion licensing agreement with Sanofi that includes commercializing a combined Covid-19 and flu shot. […]
Risk and reward are the yin and yang of stock trading, the two essential yet opposing forces in every market success. And there are no stocks that better embody both sides – the risk factors and the reward potentials—than penny stocks. Traditionally, these are shares sold for just pennies each; nowadays, they’re the stocks priced […]