Category: Investing

US housing stocks are having a hard time this year amidst higher tariffs the Trump administration has announced on the likes of Canada and Mexico. Washington relies significantly on foreign imports for materials essential for home construction. These include cement, aluminum, steel, wood products, and even some appliances.   As a result, the cost of […]

Shares of European defense companies surged on Monday as investors bet that governments across the continent would significantly ramp up military spending. The rally was led by German arms manufacturer Rheinmetall, which jumped 14% in Frankfurt, while UK-based BAE Systems soared 16% in London and Italy’s Leonardo climbed 10% in Milan. Rolls Royce was up […]

Morgan Stanley has reinstated Tesla as its “Top Pick” in the US auto sector, setting a price target of $430, which implies more than 47% upside from its current share price. The firm sees the recent 30% year-to-date decline in Tesla shares as a compelling entry point, emphasizing the company’s transition beyond electric vehicles into […]

Mixue could face challenges in growing its footprint in the tier 1 cities, according to a Zephirin Group analyst. Longdley Zephirin’s remarks arrive only hours after shares of China’s largest bubble tea chain rallied more than 40% on their Hong Kong debut. Mixue sold a total of 17.06 million shares in its initial public offering […]

Kroger announced on Monday that CEO Rodney McMullen has stepped down following a board investigation into his personal conduct. The company said that his personal conduct, “while unrelated to the business, was inconsistent with Kroger’s Policy on Business Ethics.” It did not specify the nature of the misconduct. The board was alerted to the matter […]

The S&P 500 declined on Monday, continuing February’s losses as the approaching deadline for President Donald Trump’s tariff policies intensified economic concerns. At the time of writing, the Dow Jones Industrial Average was flat from the previous close, while the S&P 500 was slightly in the red. The Nasdaq Composite index fell 0.4%.  The Dow […]

Privacy-focused firm Nym, backed by a16z and other investors, has introduced its zero-knowledge payment system along with a perpetual token buyback model. Nym’s decentralized DePIN payments system and token buyback are now live for public testing. The company’s NymVPN, initially unveiled in November 2023, is set for a commercial launch on March 13, 2025. We […]