Equities Archives - Page 95 of 1061

2 minute read

China Goes All In As Beijing Vows To Buy Unsold Properties: Chinese Stocks Rally, Copper Hits All-Time Highs

May 17, 10:37 AM

China announces aggressive measures to boost property market, including easing mortgage rules and urging local governments to purchase unsold homes. Stocks and commodities tied to China rally in response to the news.

BABA

2 minute read

What’s Going On With Reddit Shares Friday On Heels Of OpenAI Partnership?

By Nabaparna Bhattacharya

May 17, 10:32 AM

A deal with Reddit was led by OpenAI COO Brad Lightcap and approved by the company's board.

BKIV

1 minute read

Brenmiller Energy Shares Skyrocket, Poised For Major Growth With Solid Project Pipeline

By Akanksha Bakshi

May 17, 10:13 AM

Brenmiller Energy shares jump after it announced a record project pipeline as of May 1, 2024. The company has 49 potential contracts worth over $500 million, representing more than 6,000 MWh of zero-emission heat for its bGen ZERO TES systems.

BNRG

1 minute read

FDA Gives Accelerated Approval To Amgen’s Drug For Small Cell Lung Cancer Patients

By Vandana Singh

May 17, 10:01 AM

FDA approves Amgen's Imdelltra for treating ES-SCLC, based on response rate and DoR in clinical studies. Approval may depend on further trials.

AMGN

1 minute read

Why Is RBC Bearings Stock Trading Higher Today?

By Lekha Gupta

May 17, 9:51 AM

RBC Bearings reported Q4 results with net sales up 4.9%, gross margin and EBITDA margin expanding. Backlog at $726.1M. Adjusted EPS beat estimates.

AIRR

3 minute read

Bank Of America’s Contrarian Guru Unveils Best Portfolio Hedge Against Hard Landing: ‘No One Is Long’

By Piero Cingari

May 17, 9:45 AM

Bank of America chief strategist predicts hard landing for US economy, recommends 30-year Treasury bonds as hedge against downturn.

TLT

1 minute read

Bitcoin Stock Canaan Up After Q1 Print, What’s Going On?

By Anusuya Lahiri

May 17, 9:39 AM

Canaan reported Q1 2024 revenue decline of 36.5%,but beat analyst estimate. Earnings per ADS loss of $(0.16) also beat estimate. Canaan holds $54.7M in cash, and its Bitcoin holdings reach 1,057. Q2 2024 revenue expected to be $70M, and Q3 expected to be $70M. CAN stock has plunged 55% in last 12 months.

CAN

2 minute read

What’s Going On With XPeng Stock On Friday?

By Nabaparna Bhattacharya

May 17, 9:06 AM

XPeng shares dip in premarket trading as the company voices concerns over new US tariffs on Chinese EVs impacting carbon neutrality goals and green energy transition, Reuters reports.

XPEV

1 minute read

Chinese Hotel Management Firm H World Says Near-Term Revenue Per Available Room Performance Might See Some Fluctuations – Here’s Why

By Shivani Kumaresan

May 17, 8:50 AM

H World Group reported Q1 FY24 sales growth of 17.8% YoY to RMB5.3 billion ($731 million), surpassing the $711.50 million consensus estimate. The Legacy-Huazhu segment saw an 18.1% increase to RMB4.2 billion, while Legacy-DH grew 16.6% to RMB1 billion. Occupancy rates improved across both segments, with a blended RevPAR increase for Legacy-Huazhu and Legacy-DH hotels.

HTHT

1 minute read

Why Is GameStop Stock Crashing Premarket After Early Gains?

By Shanthi Rexaline

May 17, 8:36 AM

GameStop filed a prospectus with the SEC for an "at-the-market" offering, allowing them to sell up to 4.5 million common shares.

GME