Latest Market News

Apple Rallies on Earnings Beat Shares in US tech titan Apple are trading higher today on the back of a solid set of Q2 earnings yesterday. Apple reported earnings per share of $1.20, just above the $1.16 Wall Street was looking for. Revenues were also higher at $82.95 billion versus $82.75 billion forecast. Along with […]

US Enters Technical Recession Markets received news yesterday that the US has unofficially entered recession following adv Q2 GDP contracting, marking a second quarterly decline. Following Q1’s 1.6% decline, Q2 was seen contracting 0.9% at first glance. Despite the implications, the new has been met with a seemingly counter-intuitive rally in US stock markets. However, […]

Shares of Moderna Inc. MRNA, +3.81% gained 3.8% in premarket trading on Friday after the company said the U.S. will buy 66 million doses of a bivalent COVID-19 booster candidate that can better protect against the BA.5 strain. That vaccine is not yet in clinical trials but studies are expected to begin “in the near […]

Tesla’s foray into Bitcoin may have been one big distraction for the electric vehicle maker, which reported mixed financial results earlier this month. 2413 Total views 46 Total shares Elon Musk’s Tesla proved to be the ultimate paper hands after the electric vehicle maker sold 75% of its Bitcoin (BTC) holdings in the second quarter. […]

Shares of AbbVie Inc. ABBV, -4.17% were down 1.3% in premarket trading on Friday though the company met earnings and revenue expectations for the second quarter of the year. AbbVie had earnings of $924 million, or 51 cents per share, in the second quarter of this year, compared with $766 million, or 42 cents per […]

The $280 billion bill, which aids the semiconductor industry, also incorporated Representative Darren Soto’s bill to create a position to advise the president on blockchain. 924 Total views 30 Total shares The United States House of Representatives passed the Chips and Science Act on Thursday by a vote of 243 to 187. The bill, which […]