Sentiment across markets remains cautious ahead of the release of the CPI data from the U.S. on Tuesday. Markets also took note of Moody’s lowering the credit outlook for the U.S. to negative from stable. Corporate earning updates and outlook also swayed market sentiment. Wall Street Futures are trading with mild losses. European benchmarks are trading higher. Asian stocks finished […]

Michael Saylor, the executive chairman of MicroStrategy, recently appeared on CNBC’s “Squawk on the Street” to discuss various aspects of the company’s operations and strategies, particularly focusing on their Bitcoin holdings and enterprise software business. Saylor expressed a strong bullish stance on Bitcoin, describing it as a unique digital asset that offers the benefits of property, commodity, and technology investments […]

Shares of TKO Group Holdings, Inc. (TKO), a sports and entertainment company, are falling more than 8% Friday morning after the company announced pricing of 8.4 million shares of public offering by one of its stockholders, Vincent K. McMahon at $79.80 per share. The company will not receive any proceeds from the offering. TKO is at $78.38 currently. It has […]

Shares of mining company Ramaco Resources, Inc. (METC) are surging more than 17% Thursday morning after reporting better-than-expected third-quarter results. The company reported profit of $19.46 million or $0.40 per share for the third quarter, lower than $26.91 million or $0.60 per share in the same quarter a year ago, primarily due to higher expenses. Excluding special items, earnings of […]

German science and technology major Merck KgaA Thursday reconfirmed its earnings and sales forecast for fiscal 2023, but at the lower half of the range after reporting weak profit and sales in its third quarter amid a difficult market environment. Further, the company projects a return to organic sales growth in fiscal 2024. The shares were gaining around 5 percent […]

Hong Kong is reportedly contemplating a foray into spot crypto exchange-traded funds (ETFs), triggering waves of excitement for enthusiasts, with the Securities and Futures Commission (SFC) weighing its options. SFC head Julia Leung revealed in an interview with Bloomberg that the regulator is considering allowing retail investors to interact with spot ETFs but will adopt a “slow-and-steady approach” for the […]

Market sentiment remained tethered to anxiety surrounding the monetary policy guidance to be unveiled by Fed Chair Jerome Powell in his speech on Wednesday. Inflation updates due from China later in the day also added to the market’s nervousness. Wall Street Futures are trading flat. European benchmarks are trading lower amidst a lower-than-expected retail sales reading for the bloc. Asian […]

Shares of Alpine Immune Sciences, Inc. (ALPN) are falling more than 11% Tuesday morning after the clinical-stage immunotherapy company priced its public offering of 8.8 million shares, and pre-funded warrants to purchase up to 3.2 million shares. The shares are being offered at $12.50 per share and the pre-funded warrants at $12.499 per pre-funded warrant. The gross proceeds from the […]

Shares of Solo Brands, Inc. (DTC), a Direct-To-Consumer platform operator, are rising more than 17% Tuesday morning after reporting better-than-expected third-quarter results. The company reported a profit of $4.13 million or $0.07 per share for the third quarter compared with a loss of $2.2 million or $0.03 per share in the same quarter a year ago. Excluding one-time items, earnings […]