Stories That Matter

Elon Musk's Neuralink Receives FDA Approval For Second Human Brain Chip Implant: Report
Micron Up 97% In Past Year As Bullish Indicators, CHIPS Act Incentives Drive Investor Confidence
ICC Prosecutor Requests Arrest Warrants For Israeli Leaders On War Crimes Charges
Micron Up 97% In Past Year As Bullish Indicators, CHIPS Act Incentives Drive Investor Confidence
ICC Prosecutor Requests Arrest Warrants For Israeli Leaders On War Crimes Charges
Why NextDecade Shares Are Trading Higher Today
NY AG Secures $2B Settlement Against Genesis Trading, Largest In New York's Crypto History

Stories That Matter Recent News

What's Going On With Chinese Internet Company Sohu Stock After Q1 Print?
Sohu.com reported a 14% revenue decline YoY in Q1 2024, with a net loss of $(0.65) per ADS. The company expects a decrease in brand advertising revenue for Q2.
MultiMetaVerse Stock Jumps On Proposed Acquisition Of Bowong AI - What's On The Cards?
MMV entered into a non-binding term sheet to acquire 100% of Bowong AI, using Class A shares. Bowong AI specializes in AI solutions for e-commerce and recently raised funds for expansion.
Grayscale CEO Michael Sonnenshein Steps Down, Peter Mintzberg Appointed As Successor
Grayscale Investments announced that Michael Sonnenshein will step down as CEO, with Goldman Sachs executive Peter Mintzberg taking over.
Gilead's Recently Acquired Liver Disease Candidate Shows Improvements In Disease Progression And Associated Itch
Gilead Sciences reports interim results from the ASSURE study of seladelpar in primary biliary cholangitis, showing significant improvements in cholestasis markers and pruritus.
Genetic Profile Key To Novo Nordisk's Wegovy's Weight-Loss Effectiveness, Study Reveals
Certain genes may predict strong responses to Novo Nordisk's Wegovy (semaglutide) in obesity treatment, with patients showing significant weight loss linked to a "hungry gut" genetic profile. This finding could enhance personalized obesity care, optimizing treatment outcomes.
Why Is Marketing Solutions Provider Global-E Online's Stock Surging Today?
Global-E Online shares surged after the company reported Q1 FY24 revenue of $145.90 million, beating estimates. Sales grew 24% Y/Y, while GMV increased 32% to $930 million. Non-GAAP gross profit rose 36% to $66.1 million. The company raised its FY24 sales forecast to $733 million - $773 million. CEO Amir Schlachet highlighted significant client additions and business expansion.
BHP's Acquisition Deadline Approaches As Anglo's $9B Project Faces Uncertainty
Why Overseas Shipholding Shares Are Rocketing Premarket Monday
OSG shares up over 22% as company enters definitive agreement to be acquired by Saltchuk Resources for $8.50/share, valued at $950 million.
Website Creator Wix Gains After Q1 Print, What's Going On?
Wix.com reported strong Q1 2024 results with revenue of $419.8M (+12% Y/Y) and EPS of $1.29 beating analyst estimates.
How To Earn $500 A Month From Lowe's Stock Ahead Of Q1 Earnings Report
Lowe's Companies, Inc (NYSE: LOW) to release Q1 earnings before opening bell on Tuesday. Analysts expect $2.93 per share, down from $3.67 last year.
Why Is Independent Bank Group Stock Surging Today?
Independent Bank Group to be acquired by SouthState Corp. in all-stock transaction valued at $2 billion. Shareholders to receive 0.60 shares of SSB stock per IBTX share. Combined company to have $65B in assets and $8.2B market cap.
Why Is Clarivate Stock Trading Higher Premarket Monday?
Clarivate Plc launched AI-enhanced Trademark Watch Analyzer at 2024 International Trademark Association Annual Meeting, connecting users to trademark data in 258 countries and territories. Solution combines Clarivate global trademark data and AI technology.
TikTok Parent ByteDance Overtakes Baidu In AI Chatbot Race In China: Report
ByteDance's AI chatbot, Doubao, has overtaken Baidu's Ernie Bot in both downloads and active users on iOS in China since its August launch. Doubao achieved nearly 9 million downloads and over 4 million monthly active users, while Ernie Bot garnered 8 million downloads.
Spot Bitcoin ETF Saw Two-Month High Of $948M Net Inflows Last Week
Week 19 of spot Bitcoin ETF trading saw a net inflow of $948 million with a trading volume of $8.5 billion.
Nasdaq, S&P 500 Futures Keep Head Above Water Ahead Of Fed Speeches: Analyst Says Market-Boosting Themes 'Firmly In Place'
U.S. index futures are modestly higher in early trading on Monday, suggesting that the upward momentum remains intact, albeit laced with caution. Traders will likely scan speeches by Federal Reserve officials for confirmation regarding rate trajectory. The global markets have taken development in the Middle East in their stride, underlining their resilience.
What's New In Consumer Tech World Last Week? News That You Should Know (May 12-May 19, 2024)
Chinese chipmakers make headway in producing high bandwidth memory semiconductors, Zuckerberg celebrates 40th birthday on superyacht, Google may revive Google Glass, and Musk expresses skepticism about OpenAI's AI model development.
Disney's Latest Unionization Cast Vote Could Signal Shifts in Operational Costs and Investor Outlook
Disneyland cast members voted to unionize with the Actors' Equity Association, addressing issues such as safety and fair wages. This echoes a trend of organizing in the entertainment industry and large companies.
Chinese EV Maker Li Auto Misses Q1 Revenue Expectations Despite Surging Vehicle Sales, Stock Tanks
Li Auto (LI) reported Q1 2024 revenue of $3.55B, missing analyst estimates. Net earnings per ADS also missed estimates. Vehicle sales and deliveries increased. Q2 outlook predicts $4.1B - $4.3B in revenue and 105K - 110K vehicle deliveries.
Why Is EHang Holdings Stock Rising Premarket Monday?
EHang Holdings reported 1Q FY24 results with revenue up 178%, positive operating cash flow, and projected 804% revenue increase for 2Q FY24.
Electric Scooter Company Niu Tech Stock Falls After Q1 Print, Read The Details
Niu Technologies reported 21% revenue growth in Q1 2024, with an increase in sales volume but decrease in revenues per e-scooter. Earnings per ADS were $(0.10) and the company expects further revenue growth in Q2 and 2024. Investors can access the stock through Vanguard FTSE Emerging Markets ETF (VWO) and Vanguard Total International Stock ETF (VXUS). NIU stock has declined 46% in the last year.
Investment Advisor Says 'Throwing Random Darts At Tickers' Would Beat ARKK As Cathie Wood's Flagship Fund Lags Far Behind Soaring Market: 'How Do They Do It?!'
Ram Ahluwalia of Lumida Wealth pointed to Ark's flagship ETF trading over 70% below its all-time high amid the S&P 500's recent record highs.
Volkswagen's Audi Partners With SAIC For New EV Platform In China
Audi, a subsidiary of Volkswagen AG, is developing new models on a China-specific "Advanced Digitized Platform" with SAIC. This collaboration will expand Audi's BEV portfolio in China, accelerating its transformation in the world's largest market. The first model is set to launch in 2025, reducing time-to-market by over 30%.
Asia And Europe Markets Advance, Gold Clocks Record High - Global Markets Today While US Slept
World shares, gold, and Copper began the week near record highs, driven by investor optimism from slower inflation, economic growth, and China's property crisis efforts.