Stock market today: Santa Claus rally kicks off with nearly 400-point gains for Dow Jones
Some of the biggest winners were mega-cap tech stocks, with Tesla up by 6% while Broadcom, Netflix, and Amazon each gained about 2%.
Japan's comedian-turned-investor launches fund with ex-Goldman 'stock geek'
On the face of it, the duo hardly seem fit to inspire confidence as the brains behind Japan's newest stock fund: one, a former comedian and the other, every bit the stereotypical "otaku" geek. Grooming was low on his priority list.
Stock market today: US stocks edge higher in shortened Christmas Eve trading session
Today marks the official start of the Santa Claus trading window, which is historically a bullish 7-day stretch for stocks.
Psyence Biomedical Regains Nasdaq Compliance, Fortifying Market Position
Psyence Biomedical ( (PBM) ) has provided an announcement. Psyence Biomedical Ltd. has regained compliance with all Nasdaq continued listing requirements after transferring from The Nasdaq Global Market to The Nasdaq Capital Market. This was achieved through a 75-for-1 share consolidation, meeting the $1 minimum bid price requirement. With a debt-free balance sheet and $5.6 million in cash, the company is now well-positioned to advance its business plans and clinical trials, having begun patient
Investcorp Europe Navigates Management Shift and Nasdaq Delisting
Investcorp Europe Acquisition Corp. I Class A ( (IVCB) ) has provided an update. Investcorp Europe Acquisition Corp. I has completed a significant management transition as part of a Sponsor Handover, involving the sale of shares and warrants to Samara Special Opportunities, along with a reshuffle of its board of directors. This transition coincides with a delisting notice from Nasdaq due to the company’s failure to complete an initial business combination within the required timeframe. Despite t
Applied Optoelectronics Financial Strategy and Stock Issuance
Applied Optoelectronics ( (AAOI) ) just unveiled an update. Applied Optoelectronics announced the closure of an exchange agreement, swapping $76.7 million in 2026 Notes for $125 million in 2030 Notes, 1.487 million shares of common stock, and a cash amount covering accrued interest. This move is part of a broader financial strategy to extend the company’s debt maturity and improve financial flexibility by eliminating restrictive covenants from the 2026 Notes. Concurrently, the company conducted
Oil prices rise 1% in thin pre-holiday trade
NEW YORK/LONDON (Reuters) -Oil prices rose more than 1% on Tuesday, reversing the prior session's losses on a brightening short-term outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays. "Given how short the paper market is on positioning, any supply disruption could lead to upward spikes in structure," they added. "The year is ending with the consensus from major agencies over long 2025 liquids balances starting to break down," Neil Crosby, Sparta Commodities' assistant vice president of oil analytics, said in a note.
Emerging-Market Stocks Advance in Final Push for 2024 Gains
(Bloomberg) -- Emerging-market stocks gained for a second day, making a final push for the year on the back of an Asian tech rally and signs that China is gearing up to unleash more stimulus.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiNew York’s Congestion Pricing Plan Still Faces Legal HurdlesMexico City to Boost Mobility, Security Ahead of FIFA World CupMSCI’s benchmark EM equity index closed 0.3% higher Tuesday in thin trad
Dow, Nasdaq, S&P 500 rally on eve of holiday
Wall Street's main indexes closed higher on Tuesday, with gains in growth stocks boosting benchmarks in a truncated Christmas Eve session.
‘Headwinds Turn to Tailwinds’: Barclays Says It’s Time to Pull the Trigger on These IT Service Stocks
Just in this century, we’ve seen a historic shift in the leading edge of the world’s economy, as it moved from a manufacturing/services base to a more digital/information configuration. The shift, which is analogous to the Industrial Revolution, has been uneven, in both its effects and its distribution, and even in the US, where it is arguably the most advanced, it is incomplete and ongoing. But the important point, for us, is that it has opened new opportunities for investors. Those opportuniti