Amazon.com said on Tuesday it would acquire Globalstar in an $11.57 billion deal, strengthening its nascent satellite business as it seeks to compete with SpaceX’s Starlink. Under the terms of the agreement, shareholders of Globalstar can choose to receive either $90 in cash or 0.3210 shares of Amazon common stock for each share they hold,
Plug Power stock price has spent the last two years in a narrow range between the key support and resistance levels at $0.7147 and $4.63. This prolonged consolidation could be a sign that it is about to explode higher in coming months, potentially to the upper side of the channel. Plug Power stock Wyckoff Theory
Bloom Energy stock price has embarked on a strong bull run after years of consolidation. It has soared to a high of $176.76, up by over 2,250% from its lowest point last year. This rally continued on Monday after extending its deal with Oracle. Still, there is a risk that it may reverse soon since
US producer prices increased less than expected in March, as stable service costs helped offset a sharp rise in energy prices triggered by the ongoing war with Iran. The Producer Price Index (PPI) for final demand rose 0.5% last month, matching a downwardly revised increase in February, data from the Bureau of Labor Statistics showed
UK equities moved higher on Tuesday, supported by optimism around potential US-Iran negotiations, even as geopolitical tensions remained elevated with the United States initiating a blockade of Iran’s ports. The benchmark FTSE 100 index rose 0.1% to 10,593.65 points by 5:58 GMT. The mid-cap FTSE 250 outperformed, climbing 1.13%. The gains reflected broader strength across
Wall Street opened higher on Tuesday as renewed hopes of diplomatic progress in the Middle East lifted investor sentiment, even as markets digested fresh corporate earnings and softer-than-expected inflation data. The S&P 500 rose 0.39%, while the Dow Jones Industrial Average added about 45 points or 0.09%. Nasdaq-100 climbed 0.76%, extending momentum from the previous
The MYX Finance (MYX) cryptocurrency has had one of those days that instantly grabs attention in the crypto market. The token surged aggressively, briefly touching a high of $0.599 before sliding back down to around $0.3208. Moves like this are not just random spikes; they usually reflect a mix of strong speculation, heavy trading activity,
Nvidia shares rose on Tuesday, putting the stock on track for a 10th consecutive session of gains. At the time of writing, the Nvidia stock was up 1.6% to trade around $192. The move was supported by a broader market rally. The S&P 500 gained 0.4%, while the Dow Jones Industrial Average added 158 points,
The International Monetary Fund has sharply downgraded economic growth forecasts for both the United Kingdom and Germany, citing the inflationary fallout from the Iran conflict. Britain recorded the steepest downgrade among major advanced economies. The IMF now expects the UK economy to grow by 0.8% in 2026, down from its earlier projection of 1.3%. UK
Shares of Wells Fargo fell on Tuesday after the lender reported first-quarter net interest income that came in below Wall Street expectations, highlighting the near-term pressure from lower interest rates even as broader fundamentals remained stable. The stock dropped about 4.9% following the results, extending its year-to-date decline to roughly 13%. The reaction came despite