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Energy

“Proposals for New US Power Plants Jump 90% on Surging Demand”

April 12, 2024

“As utilities race to keep ahead of rising electricity demand, developers have proposed a surge of new power plants across the US — and very few of them would run on fossil fuels. The generating capacity of proposed plants seeking… Continue Reading…

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Cryptocurrencies

“Bitcoin tumbles $5,000 in 24 hours as interest rates jump”

April 3, 2024

“Bitcoin fell for a second day to start the new month and quarter amid rising Treasury yields and strength in the U.S. dollar. The flagship cryptocurrency fell more than 4.76% on Tuesday to $66,134.00, bringing its two-day loss to 7%, according… Continue Reading…

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Stocks

“Chinese EV maker BYD targets 20% jump in annual sales – sources”

April 1, 2024

“Chinese electric vehicle maker BYD has set a 3.6- million-unit sales target for 2024, a jump of 20% from its record-breaking sales last year, according to three people who were familiar with the matter… The company’s Hong Kong shares sank… Continue Reading…

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Business, Stocks

“H&M shares jump 14% as profit smashes expectations”

April 1, 2024

“Shares of H&M leapt 14% in early deals on Wednesday, after the Swedish retailer significantly beat profit expectations for its fiscal first quarter. Operating profit rose to 2.08 billion Swedish kronor ($196 million), versus the 1.43 billion kronor forecast in a poll of… Continue Reading…

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Stocks

“2 Soaring Growth Stocks That Could Climb Another 47% to 73%, According to Wall Street”

March 29, 2024

“Shares of Viking Therapeutics (NASDAQ: VKTX) are up about 275% in 2023, but analysts on Wall Street think it isn’t finished climbing yet. The consensus price target on the clinical-stage biotech stock suggests a 47% gain could be up ahead…. Shares of Iovance Biotherapeutics (NASDAQ: IOVA) have more… Continue Reading…

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Business, Stocks

“Viking Therapeutics stock jumps more than 15% on promising weight loss pill data”

March 29, 2024

“Viking Therapeutics shares closed more than 15% higher on Tuesday after the company said its experimental weight loss pill showed positive results in a small study and will enter the next stage of development later this year… Viking is one of several small… Continue Reading…

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Stocks

“Shares of Micron pop 14% on earnings beat driven by AI boom”

March 28, 2024

“… Here’s how the company did: Micron said revenue rose to $5.82 billion from $3.69 billion in the year ago quarter. The company reported a net income of $793 million, up from a net loss of $2.3 billion in the… Continue Reading…

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Stocks

“Amazon gets boost from 72% [increase] in AI company Astera Labs’ IPO”

March 28, 2024

“…Shares of Astera Labs, which sells data center connectivity chips to cloud and AI infrastructure companies, soared 72% in their Nasdaq debut, closing at $62.03. That gives Astera a market cap of close to $9.5 billion…” https://www.cnbc.com/2024/03/20/amazon-gets-boost-from-72percent-pop-in-ai-company-astera-labs-ipo.html The AI sector is… Continue Reading…

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Stocks

“Nordstrom shares jump 9% on report retailer is trying to go private”

March 22, 2024

“…The retailer’s founding family is working with Morgan Stanley and investment bank Centerview Partners to determine if private equity firms have interest in a deal, Reuters reported, citing people familiar with the matter. Morgan Stanley declined to comment. A deal might not happen,… Continue Reading…

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Stocks

“Block shares surge 16% after company announces surprise profit”

February 28, 2024

“Block stock closed up 16% Friday, a day after the payments company reported fourth-quarter earnings that beat analysts’ estimates on gross profit and showed strong growth in its Square and Cash App revenue. Here’s how the company did, compared to analysts’ consensus from… Continue Reading…

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