Krispy Kreme ( DNUT ) Stock Is Surging Wednesday: What’s Going On?
Shares of Krispy Kreme Inc ( NASDAQ:DNUT ) are surging Wednesday, lifted by a wave of renewed retail investor interest in meme stocks.
Read More
Barack and Michelle Obama endorse Harris in video of live call
By Jarrett Renshaw (Reuters) – Former President Barack Obama and his wife Michelle endorsed Kamala Harris’ bid for president on Friday in a roughly one-minute long video that captured a private phone call between the couple and the current vice president. “We called to say Michelle and I couldn’t be prouder to endorse you and…
Biden approved secret nuclear strategy focusing on Chinese threat, New York Times reports
WASHINGTON (Reuters) – U.S. President Joe Biden approved in March a highly classified nuclear strategic plan that for the first time reorients Washington’s deterrent strategy on China’s expansion of its nuclear arsenal, the New York Times reported on Tuesday. The White House never announced that Biden had approved the revised strategy, titled the “Nuclear Employment…
QuantumScape Stock Slides Ahead Of Q3 Earnings: What’s Going On?
QuantumScape Corp ( NYSE:QS ) shares are trading lower Wednesday morning as the market anticipates its third-quarter earnings report after the clos…
US mulls new actions against China firms supplying Russia defense sector
WASHINGTON (Reuters) -The United States is considering taking additional steps against Chinese companies that have been supplying Russia’s defense industrial sector, the State Department said on Thursday. “We are considering further actions,” State Department spokesperson Matthew Miller said in a briefing to reporters a day after Washington targeted China-based firms that have been selling semi-conductors…
BMO raises S&P 500 target for 2024 to 6,100 from 5,600
NEW YORK (Reuters) – BMO Capital Markets on Thursday said it was raising its S&P 500 target for 2024 to 6,100 from 5,600. The benchmark index was last at 5,720, up 1.8% on the day, following Wednesday’s Federal Reserve decision to kick off its monetary easing cycle with half-a-percentage point reduction. “Much like our last…
Paramount and Netflix Both Stand to Lose If Netflix Wins the Warner Bros. Auction
Netflix is reportedly the leading bidder to acquire Warner Bros.
Shares edge higher, US Treasury yields weaken as markets weigh Fed chair comments
By Chibuike Oguh NEW YORK (Reuters) -Global stocks edged higher while U.S. Treasury yields dipped on Tuesday as markets weighed data showing a persistently tight labor market, and prospects of interest rate cuts after comments from Federal Reserve Chair Jerome Powell. The Fed needs more data before cutting rates to ensure recent weaker inflation readings…
Microsoft hit with $242 million US verdict in Cortana patent lawsuit
By Blake Brittain (Reuters) – Microsoft must pay patent owner IPA Technologies $242 million, a federal jury in Delaware said on Friday after determining that Microsoft’s Cortana virtual-assistant software infringed an IPA patent. The jury agreed with IPA after a week-long trial that Microsoft’s voice-recognition technology violates IPA’s patent rights in computer-communications software. IPA is…
Instacart shares surge on strong grocery delivery demand and advertising growth
By Granth Vanaik (Reuters) – Shares of Instacart rose more than 10% in premarket trading on Wednesday as strong demand for grocery delivery and promising signs of growth in its advertising business helped the company forecast an upbeat current quarter. The San Francisco-based company has seen its stock claw back its value, after falling over…