Gamestop stock, $GME, experienced two halts within a span of just 10 minutes after the market opened, followed by a surge of 70%. The market […]
Tag: surge
Alibaba’s Q1 2024 Revenue Surges 7% YoY to RMB221.87 Billion, Approves $4.0 Billion Dividend for FY24
Alibaba’s 4Q revenue reached 221.87 billion yuan, surpassing estimates of 219.79 billion yuan. The adjusted EBITDA for the same period was 30.81 billion yuan, exceeding […]
Tesla’s Rally Costs Short Sellers $5.5 Billion in Four Days: S3 Partners Report
In the four sessions following Tesla’s announcement of more affordable cars, and FSD roll out in China, investors who bet against the stock have collectively […]
Rising Stake: US Households Lead Surge in Equity Ownership Amidst Euphoric Market Sentiment
The ownership stake of US households in the equity market has surged to 39% of the total $78 trillion, a notable increase from approximately 30% […]
February Inflation Surges: PPI Up 1.6% and Core PPI at 2.0%
In February, the Producer Price Index (PPI) inflation increased to 1.6%, surpassing expectations of 1.1%. Core PPI inflation also rose to 2.0%, exceeding expectations of […]
Bank of America Raises 2024 S&P 500 EPS Forecast to $250, Reflecting 12% YoY Upside
Bank of America increases S&P 500 profit projections due to the impact of the AI surge. Bank of America strategists raised their 2024 S&P 500 […]