Finance
Mike Novogratz’s Galaxy Digital jumps 10% after launching retail trading app to compete against Robinhood
Sopa Images | Lightrocket | Getty Images Galaxy Digital shares jumped about 10% in early trading Monday after the digital assets investment firm led by CEO Mike Novogratz unveiled a Robinhood-like trading platform, GalaxyOne. The platform and mobile application, launched Monday, hosts commission-free buying and selling of more than 2,000 stocks and exchange-traded funds in […]
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Stocks making the biggest moves premarket: AMD, Comerica, Micron Technology & more
Check out the companies making headlines before the bell: AMD — The chipmaker surged more than 23% following a deal reached by OpenAI and Advanced Micro Devices that could see the ChatGPT parent take a 10% stake in AMD. Comerica , Fifth Third Bancorp — Fifth Third Bancorp announced a $10.9 billion all-stock deal to […]
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Investors may want to consider boosting their exposure abroad — even with U.S. stocks around record highs
ETF Edge Investors may want to consider boosting their exposure abroad — even with U.S. stocks around record highs Published Sat, Oct 4 202511:00 AM EDT Blair Bao WATCH LIVE Source
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From data to culture: How international brands are trying to crack the code on the fickle Chinese consumer
Key Points The allure of the world’s second-largest consumer market is forcing Western companies to adapt in the face of growing competition from Chinese brands. In the last two years, adapting to the local social media ecosystem of Xiaohongshu and Douyin has become a path to quick success, according to Stephy Liu, founder of a […]
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Stocks making the biggest moves midday: Wynn Resorts, Red Cat, SanDisk, Palantir & more
Check out the companies making the biggest moves midday: Peabody Energy — The coal company jumped 9%. Peabody began arbitration proceedings with Anglo American over the canceled purchase of steelmaking coat assets belonging to the Anglo. SanDisk — The maker of solid state drives jumped 10%, adding to its massive gains. Over the past six […]
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Chicago Fed President Goolsbee ‘a little wary’ about cutting interest rates too quickly
Key Points Chicago Federal Reserve President Austan Goolsbee said Friday he’s leery of cutting interest rates too quickly as threats increase both inflation and employment. “I’m a little wary about front-loading too many rate cuts and just counting on the inflation going away,” he said. Source
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Stocks making the biggest moves premarket: GameStop, USA Rare Earth, Applied Materials, Zillow and more
Check out the companies making headlines in premarket trading. USA Rare Earth — The rare earth miner jumped 8.8% after CEO Barbara Humpton told CNBC that the company is in “close communication” with the White House. GameStop — The meme stock fell 2.7% after the company said in a filing it’s selling a combination assets […]
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Walmart-backed fintech OnePay is bringing crypto to its banking app, sources say
Key Points OnePay, the fintech firm majority-owned by Walmart, will soon offer cryptocurrency trading and custody on its mobile app, CNBC has learned. OnePay will offer customers access to bitcoin and ether later this year with help from the startup Zerohash. By allowing OnePay users to hold bitcoin and ether in their mobile app, customers could […]
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Stocks making the biggest moves midday: Starbucks, FICO, Acadia Healthcare & more
Check out the companies making the biggest moves midday: Acadia Healthcare — The healthcare stock jumped about 7% after investors Khrom Capital filed to push the company to explore strategic alternatives. Acadia shares are down 33% year to date. Sarepta Therapeutics — The biotech company rallied 6%. While a catalyst for the move was not […]
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Tom Lee sees S&P 500 topping 7,000 by year-end, says don’t be fooled by shutdown calamity talk
The government shutdown is unlikely to derail the stock market’s momentum into year-end, according to Tom Lee, Fundstrat Global Advisors’ head of research. Lee believes the suspension of economic data releases from federal agencies is a “sidebar issue,” adding that past shutdowns have had little lasting impact on equities. The widely followed strategist, who called […]
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