GameStop Corp. experienced a temporary trading suspension on Wednesday due to high volatility, as its shares plummeted by 25% shortly after the market opened. The trading halt was a response to rapid fluctuations in the company’s stock price, aimed at stabilizing the market. GME shares continue to decline Trading resumed briefly following the initial suspension, but GameStop’s stock continued to ...
The prices of precious metals saw an uptick on Wednesday as investors responded to the latest inflation figures from the United States. The annual inflation rate in April slowed to 3.4%, slightly below analysts’ expectations and down from March’s 3.5%. This cooling of inflation has led traders to speculate that the Federal Reserve’s cycle of monetary policy tightening may be ...
Edible Garden AG Inc (NASDAQ: EDBL) nearly doubled in premarket on Wednesday after reporting a significantly year-over-year increase in its first-quarter revenue. Edible Garden CEO on Q1 earnings The organic food company saw its revenue come in at $3.1 million in Q1 that translates to a near 28% increase versus last year. $EDBL attributed the strength to customer demand and ...
Nio Inc (NYSE: NIO) is pushing further to the upside in premarket on Wednesday after a JPMorgan analyst removed his bear rating from shares of the electric vehicles company. Nio stock receives an upgrade Nick Lai expects battery as a service (BAAS) strategy of the EV firm to be a meaningful tailwind for its share price. He upgraded Nio stock ...
S&P 500 is slated to open in green today after the U.S. Bureau of Labour Statistics said inflation was up in line with expectations in April. S&P 500 could hit $5,400 level in 2024 Versus a year ago, the consumer price index (CPI) stood at 3.4% last month versus at 3.5% in March. The inflation data today may create more ...
New York cocoa futures on ICE rebounded this week, recovering from a sharp decline. July New York cocoa (CCc2) settled up $156, or 2.2%, to $7,322 per metric ton. This follows a nearly 20% drop on Monday. Dealers highlighted the extreme volatility in cocoa prices as the market attempts to stabilize after a significant fall of about 40%. Prices plummeted ...