News

Peter Reith was 'born to plot'

Peter Reith was a one of John Howard's hard men, especially during the bruising and divisive 1998 battle for the waterfront.

Macquarie to acquire full control of Britain’s core gas transmission network in £700-M deal

Macquarie, the world’s largest infrastructure investor, is set to take full control of Britain’s core gas transmission network in a deal valued at roughly £700 million. This move signifies the Australian bank’s confidence in the future of gas pipelines despite the UK’s ongoing shift towards renewable energy sources. Macquarie acquisition details and background Macquarie has […]

Jim Cramer names top two stocks to buy on post-earnings dip

Renowned investor Jim Cramer has identified two stocks that he believes are undervalued following their recent earnings reports. Cramer is bullish on Advanced Micro Devices Inc (NASDAQ: AMD) and Eaton Corporation PLC (NYSE: ETN), urging investors to consider these stocks amidst their current weakness. Jim Cramer, host of CNBC’s “Mad Money,” has increased his holdings […]

TD Cowen downgrades Molson Coors, lowers price target to $58: Is it time to exit?

Molson Coors Beverage Company (NYSE: TAP) is in the spotlight today following a downgrade by TD Cowen. Despite Molson Coors posting better-than-expected Q2 earnings and reaffirming its 2024 outlook yesterday, TD Cowen adjusted its rating on the company, moving from a Buy to a Hold, and lowering the price target from $68 to $58. This […]

Short SHOP: Shopify Posts Strong Q2 Earnings but Bearish Rejection Pattern Signals Short-Term Trade Opportunity

Long NVDA: anticipating a bullish breakout as dominance in AI and data center markets strengthens

U.S. inflation impact: Where have prices hit the hardest?

Inflation, or the gradual increase in consumer prices, has been a major source of concern in the United States in recent years. Despite a recent cooldown, the overall trend indicates that prices have risen significantly since the pandemic began. The Consumer Price Index (CPI) for All Urban Consumers has risen by 20.9 percent since February […]

Epic Games strikes back at Apple by launching free AltStore PAL in EU

Epic Games has intensified its rivalry with Apple by offering the alternative app store, AltStore PAL, for free in the EU. Will the move help gamers in Europe?

Steel rebar futures hold steady at around CNY 2,880/tonne amid China’s economic challenges

Steel rebar futures have shown resilience despite facing significant challenges within China’s turbulent economic landscape.  After a sharp selloff pushed prices to an almost eight-year low of CNY 2,790 per tonne on August 15th, rebar futures have rebounded, stabilizing around CNY 2,880 per tonne.  This recovery, albeit modest, underscores the sector’s ability to navigate through […]

Cingulate stock surges 115% after European patent approval for ADHD treatment: Is it a buy?

Cingulate Inc (NASDAQ: CING), a biopharmaceutical company that focuses primarily on innovative treatments for Attention Deficit Hyperactivity Disorder (ADHD) is having an extraordinary day. Shares of the $10 million company based out of Kansas opened a whopping 115% up on Friday as investors cheered a European patent it secured for CTx-1301 – its lead asset […]

Bitbot may be worth buying ahead of US Presidential election: Here’s why

Jaret Seiberg, an analyst at TD Cowen, suggests that Kamala Harris as President of the United States would likely be less hostile toward the crypto market than Joe Biden. On the other hand, Donald Trump has also made several pro-cryptocurrency remarks in recent months. This implies that the 2024 US Presidential election in November could […]

Pakistan tightens airport screening as mpox cases rise, fourth case confirmed

Pakistan is ramping up its efforts to contain the spread of mpox, formerly known as monkeypox, as the country confirms its fourth case.  The latest patient, a 47-year-old man who recently returned from Jeddah, Saudi Arabia, is being treated in isolation at Islamabad’s Pakistan Institute of Medical Sciences (PIMS). With the virus now spreading from […]

Which housing stock—Builders FirstSource or Cavco—is a better buy before Fed rate cut?

Investors are gearing up for significant opportunities in the housing sector with expectations that the US Federal Reserve will announce its first rate cut in September. Jay McCanless, an analyst at Wedbush, advises increasing exposure to housing stocks as lower mortgage rates typically enhance home affordability and stimulate housing demand.  Among the stocks, McCanless highlights […]

Rivian just announced a partnership with Tesla Inc

Shares of Rivian Automotive Inc (NASDAQ: RIVN) are keeping resilient even though the EV maker lost its spot on the Nasdaq 100 on Tuesday. Why are Rivian shares up on Tuesday? Investors are still happy because Rivian announced a new partnership with Tesla Inc (NASDAQ: TSLA) today. The said agreement will enable its customers to […] The post Rivian just announced a partnership with Tesla Inc appeared first on Invezz.

DraftKings announces a superior bid for PointsBet’s U.S. assets

Shares of DraftKings Inc (NASDAQ: DKNG) ended slightly down on Friday after the sports betting company proposed to buy the U.S. assets of PBH Holdings. PointsBet already has a deal with Fanatics The Boston-headquartered firm is willing to pay $195 million for its U.S. business. That trumps the $150 million bid from Fanatics Betting and […] The post DraftKings announces a superior bid for PointsBet’s U.S. assets appeared first on Invezz.

Micron may soon announce a billion-dollar investment in India

Micron Technology Inc (NASDAQ: MU) is in focus this morning after a report said it was close to making a billion-dollar investment in India. Here’s what we know so far Anonymous sources told Bloomberg today that the Boise-headquartered firm could soon announce plans of spending at least $1.0 billion to set up a chip packaging […] The post Micron may soon announce a billion-dollar investment in India appeared first on Invezz.