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Business, Stocks

“Palantir [Defense & AI company ]shares pop 20% after its third-quarter results beat estimates”

“…Shares of Palantir closed up 20% Thursday after the company released third-quarter earnings that beat analysts’ expectations and raised full-year revenue guidance. Here’s how the company did: Palantir’s revenue for the third quarter increased 17% to $558 million, from $478 million a year earlier.… Continue Reading…

Stocks

“biotech Firm Pops 677% on Social Anxiety Spray Trial Success”

“A beaten down micro-cap biotech company, Vistagen Therapeutics Inc., notched its best day ever, surging by as many as four digits after its experimental nasal spray for social anxiety disorder hit targets in a late-stage trial. The drug developer’s stock… Continue Reading…

Business, Stocks

“AMD stock pops on potential Amazon superchip deal, CEO bullishness”

“…Shares of the semiconductor company popped over 2% in pre-market trading on Wednesday — and were Yahoo Finance’s Top Trending Ticker — on a Reuters report that Amazon’s cloud arm is considering using AMD’s new AI chips… The report comes a day after AMD… Continue Reading…

Stocks

“Meta [Facebook] shares pop 15% to 52-week high on guidance, sales increase”

“Meta shares gained more than 15% on Thursday, reaching a new 52-week high, as analysts and investors digested positive guidance for the upcoming fiscal quarter and an unexpected sales increase for the first quarter of 2023. The company reported strong… Continue Reading…

Business

“Berkshire’s operating earnings pop 18% last quarter with Buffett’s cash pile at record $149 billion”

“Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in its railroad, utilities and energy businesses from the pandemic, while the company’s cash pile hit a record high as Warren Buffett continued to sit on… Continue Reading…

Cryptocurrencies

“Bitcoin pops 12% to $40,000 after Tudor Jones endorsement, Musk’s about-face on accepting crypto”

“The cryptocurrency then took another leg higher above $40,000 on bullish comments by legendary investor Paul Tudor Jones. Bitcoin jumped 12.5% to $40,178 in 24 hours, according to Coinbase. The cryptocurrency started Sunday trading at just $34,880. Since the start of the year,… Continue Reading…

Economy

“The U.S. Economy Is Now A Giant Bubble. A ‘Pop’ Could Be a Disaster.”

“It has long been said that when America, still the world’s largest economy, catches a cold, the rest of the world economy catches pneumonia. With America now engaged in a budget and monetary policy stimulus experiment of epic proportions, the rest of the… Continue Reading…

Business

“Coca-Cola earnings top estimates, despite 9% decline in revenue”

“Coca-Cola on Thursday reported that its third-quarter revenue fell 9% as the coronavirus pandemic weighed on demand for fountain soft drinks, Powerade and Dasani. But the company topped earnings estimates, sending shares up 3% in premarket trading. Here’s what the company reported for… Continue Reading…

Stocks

“Nikola shares pop as much as 53% after General Motors takes 11% stake in electric truck maker”

“Shares of Nikola surged Tuesday after General Motors announced it’s taking an 11% stake in the electric truck maker and will produce its marquee hydrogen fuel cell electric pickup truck the Badger by the end of 2022. Shortly before the opening bell, Nikola shares… Continue Reading…

Business, Economy

“U.S. retail sales pop more-than-expected in June”

“U.S. retail sales increased more than expected in June, but the budding economic recovery is being threatened by a resurgence in new Covid-19 infections and high unemployment. The Commerce Department said on Thursday retail sales rose 7.5% last month. That was… Continue Reading…