March 18, 2025 7:13 am
Key moments The Jakarta Composite Index (JCI) experienced a sharp decline, triggering a temporary trading halt. Trading resumed after a 30-minute pause, but the JCI registered significant losses. Market analysts cite multiple factors, including job cuts, credit rating concerns, and global economic uncertainties, as contributing to the downturn. IDX Volatility Amid Economic Headwinds The Indonesian […]
Read moreMarch 17, 2025 4:02 pm
Key moments The S&P 500 and Dow Jones posted gains on Monday, while the Nasdaq Composite experienced a 0.38% decline to below 17,690. Worries regarding a potential recession were fueled by the recent commentary of Treasury Secretary Scott Bessent. Market forecasts are being adjusted downward due to growing anxieties about future economic growth, signaling a […]
Read moreMarch 17, 2025 2:29 pm
Key moments WHP Global proposes to acquire Guess, Inc. for $13 per share in cash, representing a 34% premium over the previous closing price. Guess, Inc. establishes a special committee to assess the acquisition offer, acknowledging the uncertainty of a finalized agreement. Guess, Inc. stock experiences a significant surge in early trading following the acquisition […]
Read moreMarch 17, 2025 1:45 pm
Key moments Significant stock value decline across major UK supermarkets, including Tesco, Sainsbury’s, and Marks & Spencer, following Asda’s announcement of increased price competition. Asda’s strategic shift towards price reductions and enhanced in-store staffing, despite projected profit decreases, triggers market concerns. Analysts express uncertainty regarding Asda’s ability to sustain its price-cutting strategy and the potential […]
Read moreMarch 17, 2025 1:06 pm
Key moments AMD shares saw a notable pre-market increase of 1.93%, reaching $102.92. A notable 45% of the Japanese GPU market is now held by AMD’s RX 9070 series, according to official company statements. Reports indicate that TSMC has approached major U.S. chip designers, including AMD, to discuss potential investments in a joint venture overseeing […]
Read moreMarch 17, 2025 12:48 pm
Key moments Institutional investors, including Steward Partners Investment Advisory LLC, increased their holdings in Okta, Inc. during the fourth quarter. Okta’s stock opened with a 5.6% increase on Monday, and analysts’ ratings generally indicate a “Moderate Buy” consensus. Corporate insiders, including the CEO, executed significant sales of Okta stock in recent months. Okta, Inc. Sees […]
Read moreMarch 17, 2025 11:55 am
Key moments A one-month trial period for Tesla’s Full Self-Driving (FSD) service has begun in China, spanning from March 17 to April 16. The trial requires compatible hardware, software, and updated navigation maps, reflecting specific Chinese market adaptations. Tesla collaborates with Baidu to enhance FSD performance in China, addressing data localization challenges. Tesla Launches FSD […]
Read moreMarch 17, 2025 10:35 am
Key moments Phoenix Group reports a significant pre-tax and attributable loss for 2024, due to “economic variances.” The company demonstrates strong growth in adjusted operating profit and retail gross inflows, exceeding strategic targets. Phoenix Group revises its future financial targets upward, anticipating increased cash generation and operating profit. Phoenix Group Navigates Economic Fluctuations While Exceeding […]
Read moreMarch 17, 2025 8:03 am
Key moments Rheinmetall reports significant revenue growth for 2024, with defense sector sales surging by 50%. The company’s stock price experiences substantial gains, exceeding a 1,000% increase since the onset of the conflict in Ukraine. Rheinmetall Stock is up 6.29% within the last day, +20.62% within the last five days, +88% within the last month, […]
Read moreMarch 14, 2025 2:31 pm
Key moments SMMT stock rose 4.01% to nearly $20 on Friday. Investor confidence was bolstered by Evercore ISI’s “outperform” rating ($30 price target) as well as the “buy” rating given by HC Wainwright. The company’s valuation has skyrocketed 300% in the past year, attracting significant institutional investment. Summit Therapeutics’ Stock Rally Continues Summit Therapeutics Inc. […]
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