The Hang Seng Tech Index continued its strong downward trend this week as some key Chinese technology companies published weak financial results and as mainland Chinese investors continued selling Hong Kong shares. It tumbled to a low of H$5,100, its lowest level since June last year, and is down by over 23% from its highest
Paramount Skydance has prevailed in the high-stakes takeover battle for Warner Bros. Discovery after Netflix declined to match the David Ellison-led group’s improved offer, reshaping the competitive landscape of the global media and streaming industry. Warner’s board determined that Paramount’s $31-per-share all-cash proposal for the entire company was superior to Netflix’s earlier agreement to purchase
US futures ticked higher on Wednesday as investors looked toward a pivotal earnings release from Nvidia, while assessing the broader outlook for artificial intelligence spending and renewed tariff uncertainty. Stock futures pointed modestly higher in early trading. Futures tied to the Dow Jones Industrial Average rose about 77 points, or 0.16%, while S&P 500 futures
Pudgy Penguins (PENGU) cryptocurrency has been showing notable activity in the market over the past few weeks. The token is currently trading at $0.006722, up nearly 7.8% in the last 24 hours. This price rise comes after a clean breakout from a falling wedge pattern, which saw sellers quickly fade and momentum shift decisively. Notably,
Lowe’s delivered stronger than expected quarterly revenue and earnings, even as higher mortgage rates and softer housing activity continued to weigh on the home improvement sector. The retailer reported more than 10% year-over-year sales growth for its fiscal fourth quarter and raised expectations for annual revenue growth. However, its full-year earnings per share guidance came
Dell stock price remains in a technical bear market after falling by nearly 30% from it highest point in November last year. It was trading at $119 on Tuesday as investors waited for the upcoming earnings. Technicals suggest that the stock will bounce back in the near term. Dell stock price forms a bullish pattern
Shares of Workday fell about 10% in premarket trading on Wednesday after the enterprise software maker forecast weaker-than-expected revenue. The Pleasanton, California-based group has already seen its stock battered this year amid growing investor anxiety over artificial intelligence. Workday shares are down about 40% so far this year, reflecting a wider sell-off in software stocks
Circle Internet Group stock (NYSE: CRCL) jumped over 17% in premarket trading on Wednesday after the stablecoin issuer posted a sharply stronger Q4 and surprised investors with just how fast USDC is expanding. With CRCL last closing around $61.37 and changing hands near $71 in premarket quotes, the stock was trading roughly in line with
AAVE price hit an intraday high of $119.35 earlier today before pulling back to $116.60, though it remains in the green with a 2.8% gain over 24 hours. Despite this short-term rise, market sentiment is cautious as the Aave community prepares to vote for a contentious revenue redirection proposal. The vote concerns a proposed $51
Billionaire hedge fund manager David Tepper has taken his frustration with Whirlpool public after the appliance maker moved to raise fresh equity, a step that dilutes existing shareholders. Tepper’s Appaloosa disclosed a near 10% Whirlpool stake last fall, but more recent filings show that position is smaller, highlighting how quickly the trade has shifted from