Ripple releases $2.18B in XRP, price dips 2%
Ripple has released 1 billion XRP tokens from its escrow accounts this month, marking the continuation of a distribution mechanism that has been in place since 2017. Although the total…
Stock
656 posts
Nintendo Switch 2 launch sees shortages as 2.2M vie for units in Japan
Nintendo’s long-awaited Switch 2 console officially hit store shelves on Thursday, kicking off a global launch that has already triggered stock shortages, extended store hours, and mass pre-orders in major…
Why Bank of America sees 13% upside on Roblox (RBLX)
Bank of America extended its bullish rating on Roblox (RBLX) and raised its target price on the stock, citing the company’s efforts within the metaverse. This bullish stance, following a…
Needham downgrades Apple on weak iPhone cycle, AI lag and overvaluation concerns; share falls
Apple Inc. extended its slide in early trading on Wednesday, after investment firm Needham became the latest to downgrade the stock, citing intensifying concerns over the company’s growth trajectory, position…
From ‘burning platform’ to 600% surge: inside Rolls-Royce CEO’s ‘Four Pillar’ miracle turnaround
In a stunning corporate revival, Rolls-Royce has seen its fortunes dramatically reverse, marked by a staggering 600% jump in its share price and the achievement of profit targets a full…
Bristol Myers CEO explains why he’s spending billions on BioNTech deal
Bristol-Myers Squibb Co (NYSE: BMY) is inching up on Monday after announcing an $11 billion deal with BioNTech SE (Nasdaq: BNTX) aimed at transforming cancer treatment. The pharmaceutical behemoth announced…
Here’s why private equity stocks like Blackstone, KKR, Apollo have crashed
Top private equity stocks have plunged this year as concerns about the industry remain. Apollo Global stock price was trading at $130.5 on Monday, down by 30% from its highest…
Nifty 50 Index patterns point to more gains ahead of RBI rate cut
The Nifty 50 Index has wavered in the past few weeks as investors book profits following the recent surge. It jumped to ₹25,110 in May, up by over 15% from…
Singapore’s cross-border interconnections set to unlock 25 GW of new renewable capacity, says Rystad
Singapore, which has historically depended on gas for its energy supply, is now exploring regional grid connections. The strategy primarily involves utilising subsea cables to establish links between national grids,…
European markets open: Stoxx 600 turns lower amid tariff jitters; German DAX, UK FTSE -0.1%
European stock markets experienced a reversal in early trading on Tuesday, with the pan-European Stoxx 600 index turning lower after an initially positive start. The renewed caution among investors was…