Share: Nike beat earnings consensus for FQ1 results. The quarter ending in August witnessed better pricing power. Nike earned $0.94 per share on revenue of $12.94 billion. NKE stock has conquered the 21-day SMA, signaling a new uptrend. August PCE data shows core inflation slowing its growth trajectory. Nike (NKE) stock has surged
Share: Palantir stock has shed nearly 9% so far this week. PLTR stock is sitting right on medium-term support from $13.50 to $14. A break of $13.50 would send PLTR hurtling toward $10.25. A recent AIP conference gave Palantir good marks on its move into the LLM space. Palantir (PLTR) stock advanced 1.2%
Share: Nvidia is trading lower at the start of Wednesday’s session. NVDA is more than 13% off its August 24 all-time high. The Federal Reserve will make its interest rate decision at 14:00 EST. Taiwan Semiconductor announcement still weighing on sector. Nvidia (NVDA) stock is making slight gains on Wednesday alongside broad market
Share: NASDAQ exchange sent Mullen notice of delisting. The delisting of MULN could happen as soon as September 15. Mullen is attempting to appeal the delisting decision and gain six months to comply. Failing to maintain the MULN share price above $1 is the reason for the delisting. Mullen Automotive (MULN) stock has
Share: “We are on track to halve inflation this year and by sticking to our plan we will ease the pressure on families and businesses alike,” said UK Finance Minister Jeremy Hunt during the weekend per Reuters. The policymaker also told the BBC that he thinks of witnessing a blip in inflation in
Share: Nonfarm Payrolls for August provided data showing Fed may not require more hikes. NVDA stock has been forming Japanese candlestick doji patterns late this week that demonstrate uncertainty among bulls. Intel’s Gaudi 2 chip is being called a competitor to Nvidia’s H100. Samsung signs deal to begin supply high bandwidth memory chips
Share: Italian Prime Minister Giorgia Meloni crossed wires early Monday while giving an interview to the local newspaper, per Reuters. In doing so, the Italian leader took full responsibility of the early-month announcements of windfall tax on bank by terming it a serious matter. The policymaker also ruled out chatters about alliances for
Share: Mullen Automotive initiated a 1-for-9 reverse split that begins trading at new post-split price on August 11. MULN share price closed at $0.1130 on Thursday but opens Friday at post-split price. Mullen stock needs to remain above $1 for at least 10 consecutive trading sessions to remain in compliance with NASDAQ exchange
Share: In a reaction to the US executive order banning certain investments in Chinese technology companies, China’s Commerce Ministry showed grave concerns and marked the rights to take measures in retaliation early Thursday in Asia, per Reuters. The news also quotes China Commerce Ministry as saying, “Hopes that the US will respect laws
Share: Early Tuesday in Asia, the Reserve Bank of New Zealand unveils results of its first stress test for the life insurance industry while suggesting that the major players are well-placed to overcome the severe economic and insurance shocks, while continuing to pay out on policy claims, reported Reuters. More to come .
