Wall Street ends week higher on retail boost; PDD, DELL, ULTA rally

US stocks closed the week with a third straight session of gain on Friday, May 27, helped by positive retail guidance and expectations of the macroeconomic situation improving. The S&P 500 was up 2.47% to 4,158.24. The Dow Jones rose 1.76% to 33...

Who were the highest-paid male CEOs in US in 2021?

A survey conducted by AP that covered 340 executives at the S&P 500 companies, unveiled that CEO salaries rose to a median of US$14.5 million in 2021. The surveyed executives have at least served two full consecutive years at their organization...

Elon Musk sued by Twitter investors for manipulating stock price

Highlights: Tesla chief Elon Musk was sued by Twitter investors for manipulating stock price. Musk saved himself US$156 million by delaying the announcement of his Twitter stake, say investors. Musk was also sued by the SEC for his timing of t...

MTB, AXP among top five S&P 500 financial stocks to explore

Banks are the largest segment of the financial sector, which also includes companies engaged exclusively in insurance and mortgage like REITs. Besides, there are also fintech companies. Here we discuss the top five S&P 500 financial stocks w...

Aurora Cannabis (CAN) stock falls after bought deal raised to US$150 mn

Highlights: Aurora Cannabis Inc. (Nasdaq: ACB) to raise the size of its previously bought deal to US$150 million. Shares of Aurora Cannabis dived substantially on Friday. Investors sensed desperation in the company, triggering shares to drop. ...

Why is Zscaler Inc. (NASDAQ: ZS) stock rising?

Highlights  Zscaler, Inc. (NASDAQ: ZS) is a cloud security company with a market capitalization of US$22.29 billion. Zscaler is partnering with technology company Siemens to offer an all-in-one solution to boost secure digitalization. Zsc...

Invictus Limited (ASX:IVZ) executes well services contract with Baker Hughes

ng soundly. Invictus Energy Limited (ASX:IVZ) has successfully executed a well services contract with Baker Hughes. This marks yet another milestone for Invictus as it progresses its 80% owned and operated Cabora Bassa Project in Zimbabwe. Notab...

A snapshot of Reabold’s (LON:RBD) UK offshore asset portfolio after latest acquisition

Upstream oil and gas investment firm Reabold Resources PLC (LON:RBD) recently announced that it would acquire all assets of its investee company (Corallian Energy) except for the Victory Gas Discovery. This investment strategy augurs well for the C...

Reabold (LON:RBD) all set up to become major shareholder in California-based E&P company

In a major upbeat market update, Reabold Resources PLC (LON:RBD) announced today that Daybreak Oil and Gas Inc  has received a nod from its shareholders for the Equity Exchange Agreement at a Special Shareholder Meeting. Do read: Reabold&rsqu...


Top 5 mid-cap stocks to explore: UTHR, SWX, ACHC, WWE & Y

Highlights United Therapeutics Corporation (NASDAQ: UTHR) revenue soared 22% YoY in Q1, FY22. Acadia Healthcare Company, Inc. (NASDAQ: ACHC) revenue surged nearly 12% YoY in the first quarter of fiscal 2022. Alleghany Corporation’s (NYSE...

Dollar General Corp (DG) stock surges 10.84% after raising sales guidance

Highlights  Dollar General Corporation’s (NYSE: DG) net sales increased 4.2% YoY to US$8.8 billion in the first quarter ended April 29, 2022.  The net income declined 18.5% YoY to US$552.7 million in the quarter.  The comp...

VMware & Broadcom stocks soar on acquisition plans: What you must know

Highlights Broadcom (NASDAQ: AVGO, AVGO: US) has announced its plans to buy VMware (NYSE: VMW, VMW: US). In addition, Broadcom and VMware also delivered their latest quarter results on May 26. According to the deal, the chipmaker will also ass...


Commodity wrap up: Oil, gold dip on strong dollar and lower Chinese demand

Highlights The prices of both crude oil benchmarks gained more than 3.26% during the last week. Gold and silver logged a significant drop in their prices in the last week. The prices of base metals including copper, aluminium, and iron ore als...

Why is EU split on Russian oil ban?

In an effort to cut down on Russian funding sources, the European Commission (EC) is expected to propose a sixth sanction this week against Russia in response to its invasion of Ukraine. The sanctions may also include an embargo on Russian oil. Uk...

Which are the best performing commodities of 2022?

In the recent months, commodity prices have been on a wild run. Various commodities ranging across agriculture, energy, livestock, and metals have logged staggering gains during the present year with prices hitting multi-year highs. The prices of ...


NEM to FNV: 5 gold stocks to hedge against Russia-Ukraine tensions

Commodities like gold are considered a safe haven during market downturns. It is so because the prices of precious metals do not wobble compared to other goods at times of hardship. Gold mining companies explore gold and other precious metals. The...

Top 5 gold stock picks for strategic inflation hedge: From GOLD to FNV

Highlights Barrick Gold Corporation's (NYSE: GOLD) annualized dividend is US$0.40, and the dividend yield is 1.56%. Franco-Nevada Corporation (NYSE: FNV) has a dividend yield of 0.81%, and its annualized dividend is US$1.28. Newmo...

Top seven gold ETFs to consider as inflation rises to record high

Highlights Gold is used as a hedging instrument against inflation. There are currently 36 gold ETFs in the US market, with assets worth US$23.59 billion under management, as per etf.com. The Dow Jones US Gold Mining Total Stock Market Index (D...


US stocks rise on retail earnings, economic data; BABA, DLTR rally

Wall Street's main indices rose for the second straight day on Thursday, May 26, buoyed by positive retail earnings and labor data - affording a glimmer of hope amid market turbulence. The S&P 500 was up 1.99% to 4,057.84. The Dow Jones rose 1.6...

Wall Street edges higher after Fed minutes; DKS, JWN, NVDA rally

US stocks closed higher on Wednesday, May 25, after Fed's minutes from its last policy meeting showed that most members favored more aggressive interest rate increases to calm inflation. The S&P 500 was up 0.95% to 3,978.73. The Dow Jones rose 0...

Wall Street regains momentum on bank, tech stocks rally; VMW, JPM surge

US stocks closed higher on Monday, May 23, lifted by gains in mega-cap technology and bank shares following eight straight weekly declines of the indices, the longest streak since the 2001 dot com bubble. The S&P 500 was up 1.86% to 3,973.75. Th...


Why Immix Biopharma Inc (IMMX) stock soared 55% on Friday?

The Immix Biopharma Inc. (NASDAQ: IMMX) stock surged 55% after announcing positive results for its lead drug candidate IMX-110 in the first treatment cycle. The stock traded at US$2.5425 at 1:00 pm ET on Friday. The company said that its lead dru...

MCK to ABC: 5 healthcare stocks that returned strong 1-year, YTD gains

Highlights  Bristol-Myers Squibb (NYSE: BMY) has a P/E ratio of 27.0 and a dividend yield of 2.84%. Merck & Company, Inc.'s (NYSE: MRK) P/E ratio is 16.02, and the dividend yield is 3.09%. AbbVie Inc.'s (NYSE: ABBV) dividend yield is ...

Biohaven (BHVN) stock soars 70% after Q1 results, Pfizer’s (PFE) buy offer

Highlights  Drugmaker Biohaven Pharmaceutical Holding Company Ltd. (NYSE: BHVN) net product revenue grew 182% YoY to US$123.6 million in the quarter ended March 31, 2022. On Tuesday, Pfizer announced acquiring Biohaven for US$11.6 billion ...


Has COVID-19 pandemic proven more hostile to developing economies?

Highlights  Unlike advanced economies, developing countries would not be able to achieve pre-pandemic economic levels by 2023. As per the WHO, 85% of people in Africa have not received a single COVID-19 vaccine dose, while 36 countries hav...

How to improve your work from home set up for the third year of the pandemic?

When the coronavirus pandemic hit, several researchers had predicted that this virus is going to stay with us for a couple of years at least. However, the general public was optimistic and with the efficient rollout of vaccines, everybody thought t...

Latest global tally of COVID-19 cases & the spread of Omicron variant!

Highlights COVID-19 cases are on a surge once again as the virus continues to emerge in new forms due to mutations. Omicron variant has spread and been detected in 89 countries globally. Till date, the United States report the highest number o...