Top Stories Archives - Page 137 of 1424

2 minute read

Dow Jones Hits 40,000, Chinese Tech Stocks Jump To 15-Month Highs, Bloodbath On Meme Stocks: What’s Driving Markets Thursday?

May 16, 1:44 PM

U.S. major stock indices climbed higher on Thursday morning, with the Dow Jones Industrial Average achieving a historic milestone by surpassing 40,000 points.

AMAT

2 minute read

EXCLUSIVE: Citron Research’s Andrew Left Is Short GameStop Again

By Chris Katje

May 16, 1:34 PM

Andrew Left shared with Benzinga that he once again bet against GameStop in May 2024 amidst a rally in the share price.

GME

2 minute read

Bitcoin’s Rally Splits Trader Opinions: ‘Daily Says We’re Going Higher’ But One Indicator Presents A ‘Sell Signal On The 4H Chart’

By Khyathi Dalal

May 16, 1:04 PM

Bitcoin’s (CRYPTO: BTC) rally to $66,000, marking its best-performing day since March 20, has sparked a range of reactions from prominent crypto traders.

BTC

2 minute read

EXCLUSIVE: Andrew Left Disagrees With ‘Dumb Money’ GameStop Storyline: ‘The Story Still Goes Down As If The Short Sellers Were The Bad Guys’

By Chris Katje

May 16, 12:59 PM

A movie about the GameStop short squeeze of 2021 makes short sellers the bad guys. Citron Research founder Andrew Left disagrees with this notion.

GME

2 minute read

Johnson & Johnson To Acquire Early-Stage Eczema Treatment Developer Proteologix For $850M

By Vandana Singh

May 16, 12:35 PM

Johnson & Johnson acquires Proteologix for $850 million, expanding its bispecific antibody portfolio for immune-mediated diseases.

JNJ

2 minute read

Roche To Ride Booming Obesity Treatment Market With Newly-Acquired Drug Candidate

By Vandana Singh

May 16, 12:31 PM

Roche's Genentech reported results from the Phase 1b trial of CT-388 for obesity and type 2 diabetes. The 24-week study showed significant weight loss and improved glycemic status in participants, with mild to moderate adverse events.

RHHBY

2 minute read

United Airlines Set To Expand As FAA Lifts Safety Limits

By Shivani Kumaresan

May 16, 12:28 PM

United Airlines Holdings Inc. (NASDAQ: UAL) is set to expand its fleet and routes following the FAA's lift on restrictions. This marks a significant recovery after a series of safety incidents prompted stricter oversight. The FAA's approval allows United to resume certification activities, indicating confidence in the airline's enhanced safety measures. United continues to implement further safety enhancements while collaborating closely with the FAA.

3 minute read

‘Big Short’ Investor Michael Burry Bets Heavy On Gold, Renewable Energy Stocks, Exits Amazon, Alphabet

By Piero Cingari

May 16, 12:14 PM

Michael Burry, famous for predicting 2008 crisis, made headlines with his latest 13F filing. He shifted towards commodities & renewable energy and decreased holdings in tech giants.

BABA

2 minute read

Boeing Stock Takes Off After US Aviation Bill Passes, But Possible Turbulence Ahead With Legal Uncertainties

By Surbhi Jain

May 16, 12:03 PM

Boeing faces regulatory changes, legal challenges, and mixed technical signals. While an aviation bill offers hope, DOJ's warning adds uncertainty.

3 minute read

CME Group Eyes Bitcoin Trading Amid Surging Wall Street Demand

By Murtuza Merchant

May 16, 12:01 PM

CME Group, the world’s largest futures exchange, is gearing up to introduce Bitcoin (CRYPTO: BTC) trading, seizing the opportunity presented by the growing appetite for cryptocurrencies among

BLK