Tag: business news
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Trump ally Nigel Farage quits UK parliament amid finance scandal to fight special election
Reform U.K. leader Nigel Farage has quit as MP for Clacton, forcing a by-election that he has said he will fight.
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Why the stock market is taking the chip washout in stride
Chipmakers are going through a rough patch, though you wouldn’t know it just by looking at the broader market.
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One SpaceX analyst sees Musk’s space company quintupling to $800
Raymond James and other shops on the Street released their calls on SpaceX on Tuesday as the 25-day quiet period for underwriters of its IPO ended.
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Rivian stock falls 10% as company sells 75 million shares to raise capital
The capital raise occurred during extended hours trading following Rivian shares increasing 8.1% on Monday after increasing 19.2% last week.
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This Chinese cloud name offers a new way to play the AI boom, Morgan Stanley says
Kingsoft Cloud is likely to see its shares rise as it transforms into an artificial intelligence-focused cloud business to ride the AI wave, per Morgan Stanley.
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Far more real estate agents now report seeing a balanced market, CNBC Housing Market Survey finds
Agents who reported at least one price cut to active listings dropped dramatically from prior surveys.
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Buy the dip on this struggling solar stock, says Deutsche Bank
The bank upgraded the solar name to buy from hold.
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Billionaire John Arnold commits $2.6 million to study online sports betting risk
John Arnold, who runs Arnold Ventures with his wife, Laura, is investing $2.6 million for university research into potential harms of online sports betting.
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Google backs nuclear fusion startup targeting Europe’s first commercial power plant
Proxima Fusion has raised $468 million as it looks to move towards commercializing the promising but infamously difficult technical challenge of nuclear fusion.
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India fashion retailer Trent tumbles 11% as revenue growth disappoints
Shares of one of India’s biggest fashion retailers, Trent, fell over 10% after the company reported weak earnings growth.
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