Luis Alvarez The U.S. Department of Labor’s nonfarm payrolls report for June, due this Friday, is likely to be a mixed bag, with growth expected to continue but at a slower pace than prior months. The report, which is the largest of the department’s several labor-related data reports, is likelyContinue Reading
Shares of Costco Wholesale Corporation (NASDAQ:COST) were trading more than 1% higher as an analyst note from Stifel noted the company’s increased market share in both the grocery and gas categories, accompanied by a 6% hike in its price target. According to Stifel’s data, Costco (COST) and Amazon (AMZN) currentlyContinue Reading
Dubai, United Arab Emirates, July 1st, 2024, Chainwire Bybit, the world’s second-largest web3 platform by trading volume, has recently ascended to the second position in terms of market share. To commemorate this remarkable achievement and extend our heartfelt appreciation to Bybit’s global community, the Spot team is launching a rewardContinue Reading
Robert Way/iStock Editorial via Getty Images Li Auto (NASDAQ:LI) delivered 47,774 vehicles in June 2024, a significant 46.7% increase Y/Y. This momentum carried through the entire Q2, with deliveries reaching an impressive 108,581, reflecting a 25.5% Y/Y growth. As of June 30, 2024, its cumulative deliveries reached 822,345 vehicles, rankingContinue Reading
U.Today – MicroStrategy co-founder and chairman Michael Saylor has issued a stirring message regarding , the largest cryptocurrency by market capitalization, amid the current market stagnation. In a tweet, Saylor wrote: “Bitcoin expands your universe.” This statement comes at a time when Bitcoin’s weekend trading activity has reached a recordContinue Reading
The Health Care Select Sector SPDR Fund ETF (NYSEARCA:XLV), tracking the healthcare companies under S&P 500, rose 0.11% in the second quarter of 2024, lagging behind the broader S&P 500 index which rose 4.30%. Insulet (PODD) saw the biggest growth in the S&P 500 healthcare index, rising about 25% asContinue Reading
Daniel Balakov Quantitative strategists at Bank of America have set out to bust a few market “myths,” saying there are some investment adages that sound smart, but it turns out that those narratives don’t work. The U.S. Quantitative Strategy team led by Savita Subramanian said amid a continued period ofContinue Reading
U.S. stocks on Friday powered to new intraday highs early in the final trading session of H1 2024, after a core measure of a key inflation gauge logged its lowest Y/Y increase in over three years. Shortly after the opening bell, the benchmark S&P 500 (SP500) notched its 32nd all-timeContinue Reading
Dubai, United Arab Emirates, June 28th, 2024, Chainwire Bybit, the world’s second-largest web3 platform by trading volume, marks a new chapter in its commitment to the Turkish market by resounding the partnership with Narkasa to continue the operation of Bybit Turkiye. Bybit Turkiye will be an independent brand, brought andContinue Reading
JENNIFER E. WOLF/iStock Editorial via Getty Images Nutrien (NYSE:NTR), the world’s top producer of crop nutrients, believes fertilizer demand is just now starting to stabilize after the shocks of recent years that caused wild profit swings, CEO Ken Seitz told Bloomberg in an interview Friday. “We are looking at demandContinue Reading
