CoreWeave, the Nvidia-backed cloud computing company specialising in artificial intelligence infrastructure, received broadly positive analyst coverage this week despite having struggled to gain investor traction after its initial public offering (IPO). On Tuesday, the mandatory post-IPO quiet period for brokerages expired, allowing Wall Street analysts to begin issuing formal coverage of the stock. Five major […]
US stocks rebounded Tuesday as traders attempted to claw back losses from a punishing start to the week. The Dow Jones Industrial Average rose 400 points, or 1%, while the S&P 500 and Nasdaq Composite gained 1% and 1.1%, respectively. The bounce followed a bruising Monday session, where the Dow shed over 970 points and […]
Tesla shares will be in focus today as the electric vehicle maker is set to release its first-quarter financial results after the US market closes. The company will post its earnings for the January–March period on Tuesday, April 22, 2025. Tesla management will host a live update and Q&A webcast at 4:30 pm Central Time […]
Crypto.com and Trump Media finalized the deal that enables the US President Donald Trump-linked firm to launch cryptocurrency exchange-traded funds (ETFs). The trading company will assist Trump Media in introducing ETFs that focus on cryptocurrencies and securities. According to the press release: The ETFs, made available through Crypto.com’s broker-dealer Foris Capital US LLC, are expected […]
Brazil’s benchmark stock index, the Ibovespa, fell 0.4% to below 129,300 points on Tuesday, after global markets turned pessimistic in response to recent signals about instability. According to Trading Economics, the retreat came a day after a tough day for Wall Street and major fresh anxieties over the future of US monetary policy, in response to […]
In a recent escalation of the ongoing dispute between the Malian government and Canadian mining company Barrick Gold over mining revenues, authorities in Mali have taken the drastic step of shutting down Barrick Gold’s office in the capital city, Bamako. The closure was due to alleged non-payment of taxes by Barrick Gold, Reuters quoted two […]
While US President Donald Trump’s renewed tariff campaign has rattled markets and tested corporate nerves, Wall Street banks are reaping the rewards. Major US lenders have reported robust earnings for the first quarter, buoyed by a resurgence in equities trading as investors scrambled to reposition portfolios amid mounting geopolitical tensions and trade uncertainty. Bank of […]
After a shaky start to Tuesday’s session, Tesla stock recovered, rising over 1% to trade at around $255 in early action. The move aligned with broader market gains, as the Dow Jones Industrial Average advanced 156 points, or 0.4%, while the S&P 500 and Nasdaq Composite each climbed 0.5%. All three major indices are now […]
European stock markets navigated a complex session on Tuesday, inching higher as investors weighed tentative optimism over US trade policy against concerning signs of weakness in the luxury goods sector, highlighted by a significant slump in LVMH shares. The day reflected the ongoing push-and-pull between hopes for tariff relief and the tangible economic impacts of […]
Shares in LVMH dropped 8% on Tuesday morning after the French luxury giant reported an unexpected fall in first-quarter sales, triggering a sharp reaction across the European luxury sector. LVMH, which owns flagship brands including Louis Vuitton, Moët & Chandon and Hennessy, reported a 3% year-on-year decline in revenue for the first three months of […]