World
Trump Media shares hit post-merger low as DJT slump continues
Sopa Images | Lightrocket | Getty Images Shares of former President Donald Trump’s social media company on Monday touched their lowest price since they began public trading on the Nasdaq nearly five months ago after a merger. Trump Media, the company that owns the Republican presidential nominee’s preferred social messaging platform Truth Social, was trading […]
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Bounce in small caps has further to run, according to the charts
A great complement to a trend-following or momentum-based strategy is one that is counter-trend. A counter-trend strategy utilizes technical indicators, such as the stochastic oscillator, to identify when a security is becoming overbought or oversold. We see an overbought condition as a natural byproduct of positive momentum, but it eventually takes its toll. Conversely, we […]
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British tech entrepreneur Mike Lynch reported missing after superyacht sinks off Sicily
Mike Lynch, former chief executive officer at Hewlett-Packard Co.’s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty Images LONDON — British tech entrepreneur Mike Lynch is missing after the sinking of a superyacht off the coast of Sicily, sources familiar with the matter told CNBC. The sources, […]
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Estee Lauder’s long-time CEO Fabrizio Freda to retire
Fabrizio Freda, President and CEO of Estee Lauder. Getty Images Estee Lauder said on Monday its long-time CEO Fabrizio Freda had decided to retire from the company at the end of fiscal 2025. Freda joined Estee in 2008 as president and chief operating officer and was later named the MAC lipstick maker’s CEO. Estee said […]
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AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters Advanced Micro Devices on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to […]
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Russia struggles to respond to Ukraine’s incursion as advancing forces destroy key bridges and war potential
A soldier fixes a drone underground in a Ukrainian military position, and former Russian military position, in Ukrainian-controlled territory on August 18th 2024, in Kursk, Russia. Ukrainian forces operating in Russia’s Kursk Region have destroyed a second key bridge, the commander of the Ukrainian Air Force said, as they attempt to push further into Russia. […]
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Canada’s Couche-Tard makes preliminary bid for Japan’s Seven & i
7-Eleven logo is seen near the shop in Chicago, United States on October 18, 2022. Jakub Porzycki | Nurphoto | Getty Images Japan’s Seven & i, owner of the 7-Eleven convenience stores, said it has received a preliminary takeover offer from Canada’s Alimentation Couche-Tard, potentially the biggest purchase of a Japanese company by an overseas […]
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Beijing and Hollywood are decoupling as Chinese audiences favor domestic productions
Cosplayers pose for a photo in front of a life-size model of the new Marvel Universe movie “Deadpool & Wolverine,” authorized by Disney and seen in Shanghai, China, on July 26, 2024. Vcg | Visual China Group | Getty Images Hollywood blockbusters have dominated international box offices for decades, but in recent years, they have […]
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Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data
Customers shop for groceries at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024. Gabby Jones | Bloomberg | Getty Images Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor market data sparked a reassessment of market views on the […]
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Gold set for fresh highs ahead of Fed rate decision — analysts see prices at $3,000 by next year
An employee handles one kilogram of gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold prices have been hitting new highs and analysts expect more records, with some forecasting the metal to hit $3,000 per ounce next year, as […]
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