Revolut, the British fintech company, is planning a $500 million share sale that could see its valuation soar beyond $40 billion. The sale includes shares held by employees, including CEO Nikolay Storonsky, who is set …
Continue readingAuthor: Aifin
AI Stock Frenzy: Nvidia Downgraded, Pure Storage Slumps, Dell Gets a Boost
The AI sector is witnessing a rollercoaster of stock activity as analysts assess the impact of the burgeoning technology on various companies. Nvidia, the leading GPU maker, received a downgrade from New Street Research, citing …
Continue readingDow Surges to One-Month High on Rotation, Nasdaq Drops as Investors Eye Fed Cuts
The Dow Jones Industrial Average closed at a one-month high on Monday, fueled by a rotation out of AI-linked stocks and into laggards as investors bet on Federal Reserve interest rate cuts later this year. …
Continue readingFed Report: Inflation Easing, Job Market Rebalanced, Rate Cuts Possible
The Federal Reserve released its latest Monetary Policy Report to Congress on Friday, indicating a steady return to more normal conditions after the pandemic. The report highlights easing inflation, a rebalanced job market, and the …
Continue readingHamas Awaits Israel’s Response on Gaza Ceasefire Proposal
Hamas is waiting for a response from Israel on its ceasefire proposal, two officials from the Palestinian group said on Sunday, five days after it accepted a key part of a U.S. plan aimed at …
Continue readingLithuania: National anthem unites citizens in global event, from Ukrainian frontline to Pacific islands
On Saturday, hundreds of thousands of Lithuanians sang their national anthem simultaneously, in an annual demonstration of unity, from the Ukrainian frontline to the Pacific islands in Vanuatu. The tradition, launched in 2009 to mark …
Continue readingFrance at the Polls: High Turnout Signals Far-Right Surge and Risk of Paralysis
France saw record turnout at the polls for the second round of parliamentary elections on Sunday, signaling strong public interest in a race that could see the far-right National Rally (RN) emerge as the dominant …
Continue readingBurberry to Cut Hundreds of Jobs Amidst Stock Market Slump
British fashion house Burberry Group Plc is facing another round of job cuts, this time potentially affecting hundreds of employees, mainly in the UK. The news comes following a sharp decline in the company’s stock …
Continue readingTrump Win Could Push Bond Yields Up, Stocks Down: Experts
Donald Trump’s potential victory in the 2024 US Presidential election could lead to a rise in long-term U.S. Treasury yields, according to Edmond de Rothschild Asset Management strategists. This, in turn, could result in a …
Continue readingBiden’s Next Three Weeks Are Crucial: JPMorgan Warns of Potential Shift in Democratic Strategy
JPMorgan Chase has issued a warning that the next three weeks are critical for Joe Biden’s presidential campaign, citing potential concerns about his support in key swing states. The firm states that a substantial deterioration …
Continue reading