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Market News
Latest financial news and analysis from global markets
ORCL
Robinhood and Strategy Stocks Jump. Why Bitcoin May Finally Be Back.
Digital-asset bulls hope that a deal to end the war in the Middle East will end a brutal crypto winter.
NVDA
Why retirees are buying this closed-end fund yielding 8% on venture-stage tech
BlackRock Science & Technology Term Trust (NYSE:BSTZ) is a closed-end fund (CEF) that combines a venture-stage technology portfolio with a covered call writing strategy to deliver monthly income. With shares near $23 and a monthly distribution of $0.1625, the fund currently yields roughly 8.3%. How a closed-end fund differs from a standard ETF BSTZ is ... Why retirees are buying this closed-end fund yielding 8% on venture-stage tech
UBER
Lucid names new CEO, raises $750 million from PIF and Uber
Silvio Napoli, former head of elevator maker Schindler, will take over from interim CEO Marc Winterhoff in the coming weeks
AAPL
Globalstar Stock Rises on Amazon Takeover. The Impact on AST SpaceMobile and Iridium.
Globalstar stock was jumping on Tuesday as Amazon.com is buying the satellite company. Amazon said it would buy Globalstar for the equivalent of $90 a share. Globalstar shareholders can elect to sell their shares for cash or receive the online retailer’s stock at a ratio of 0.3210 Amazon shares per Globalstar share, with a value capped at $90.00 per share.
AMZN
Globalstar Stock Rises on Amazon Takeover. The Impact on AST SpaceMobile and Iridium.
Globalstar stock was jumping on Tuesday as Amazon.com is buying the satellite company. Amazon said it would buy Globalstar for the equivalent of $90 a share. Globalstar shareholders can elect to sell their shares for cash or receive the online retailer’s stock at a ratio of 0.3210 Amazon shares per Globalstar share, with a value capped at $90.00 per share.
USD/CHF
Dollar Weakens as Investors Hope for Iran War De-Escalation
“On a trade-weighted basis, the dollar’s wartime rally has now been fully unwound,” Corpay’s Karl Schamotta writes, adding that the greenback is “a touch weaker” than right before the first U.S.-Israel attacks on Iran on February 28. “Erratic American policymaking, persistent questions about Federal Reserve independence, and mounting concern over the country’s fiscal trajectory have all corroded the currency’s standing as the world’s unimpeachable safe haven.” 1403 GMT – The dollar’s positive correlation to oil prices could turn negative if the European Central Bank and Bank of England continue to worry about higher inflation more than the Federal Reserve, Macquarie strategists say in a note.
EUR/USD
Dollar Weakens as Investors Hope for Iran War De-Escalation
“On a trade-weighted basis, the dollar’s wartime rally has now been fully unwound,” Corpay’s Karl Schamotta writes, adding that the greenback is “a touch weaker” than right before the first U.S.-Israel attacks on Iran on February 28. “Erratic American policymaking, persistent questions about Federal Reserve independence, and mounting concern over the country’s fiscal trajectory have all corroded the currency’s standing as the world’s unimpeachable safe haven.” 1403 GMT – The dollar’s positive correlation to oil prices could turn negative if the European Central Bank and Bank of England continue to worry about higher inflation more than the Federal Reserve, Macquarie strategists say in a note.
TSLA
Tesla Stock Rises on an Upgrade. AI Progress Will Come.
Tuesday, UBS analyst Joseph Spak upgraded Tesla stock to Hold from Sell. Tesla stock was up 1.5% at $357.81 in early trading, while the and were up 0.4% and 0.2%, respectively. Coming into Tuesday trading, Tesla stock was down 22% so far this year and up 40% over the past 12 months.
ORCL
Bloom Energy Stock Jumps on Expanded Fuel Cell Deal for Oracle
Bloom’s fuel cells will support Oracle projects in the U.S. amid demand for its AI and cloud-computing infrastructure.
UBER
3 Reasons Lucid Stock Is Jumping Today
Lucid stock was in the green early, up 5.2% in early trading at $9.72, while the and were up 0.4% and 0.2%, respectively. The move came after Lucid announced entities connected with the Saudi Public Investment Fund were purchasing $550 million in preferred stock. Uber also plans to expand its partnership with Lucid for 35,000 robo-taxis, up from 20,000.
AAPL
Amazon to buy Globalstar for $11.57B in bid to flesh out its satellite biz
Amazon on Tuesday agreed to buy satellite company Globalstar, known for powering Apple's "Emergency SOS" feature, for $11.57 billion in cash.
AMZN
Amazon to buy Globalstar for $11.57B in bid to flesh out its satellite biz
Amazon on Tuesday agreed to buy satellite company Globalstar, known for powering Apple's "Emergency SOS" feature, for $11.57 billion in cash.