Lucid Group stock is attempting to rebound today, July 15, after plunging more than 40% in the previous session. LCID rose by about 2% in premarket trading to $4.73, recovering modestly from its lowest level of the week. Lucid Group stock rises after denying it’s going bankrupt or private LCID stock crawled back after a
US wholesale prices unexpectedly declined in June, offering fresh signs that inflationary pressures are easing, although renewed geopolitical tensions in the Middle East threaten to reverse the recent improvement in energy costs. Data released by the Bureau of Labor Statistics on Wednesday showed the producer price index (PPI), which measures prices received by producers for
US stocks opened higher on Wednesday after investors responded to another softer-than-expected inflation report and a fresh round of corporate earnings. Chip stocks fell even after upbeat guidance from ASML. The Dow Jones Industrial Average added roughly 148 points, or 0.28%. The S&P 500 rose 0.47%, while the Nasdaq Composite gained about 0.67%. The gains
The gold market regained momentum on Wednesday after weaker-than-expected US wholesale inflation data boosted investor sentiment and eased expectations of aggressive US monetary policy tightening. Gold prices rebounded from earlier losses and traded around $4,070 per ounce following the inflation report. Data released by the US Labour Department showed the Producer Price Index (PPI) fell
Alibaba’s US-listed shares rose more than 6% on Wednesday after the Chinese technology giant confirmed that its Qwen artificial intelligence model will power Apple Intelligence features for users in China. This marks a major milestone in Apple’s long-delayed AI rollout in the country. Apple shares also gained about 1.8%, while Baidu’s US-listed stock climbed roughly
Bloom Energy stock has retreated into a bear market, falling by 33% from its highest point this year. It dropped to $234 today, continuing a trend that started on June 25 when it reached a record high of $350. So, is this the start of a prolonged bear market or will it rebound soon? Bloom
SpaceX (SPCX) shares fell more than 2% on Friday, extending a volatile stretch that has erased the stock’s post-IPO gains as investors continue debating whether Elon Musk’s AI and space ambitions justify one of the world’s richest valuations. The stock traded around $148, below its $150 listing price, after briefly soaring to a record closing
Cardano (ADA) traded higher on Friday as investors responded to fresh developments surrounding the network’s leadership and ongoing technical progress. The cryptocurrency climbed to $0.1688, marking a 0.6% gain over the past 24 hours, while trading near the upper end of its daily range between $0.1650 and $0.1697. Although the daily move was modest, ADA
Seagate Technology (STX) shares rose on Friday after Wells Fargo upgraded the data storage company to an Overweight rating. The analyst cited growing confidence in its long-term earnings potential and sustained demand for hard-disk drives (HDDs) driven by artificial intelligence infrastructure. The upgrade comes after Seagate shares pulled back in recent weeks amid concerns over
WD-40 Company (WDFC) shares surged on Friday after the lubricant and household products maker reported stronger-than-expected fiscal third-quarter results, driven by robust global demand for its flagship WD-40 Multi-Use product. The stock climbed more than 12% during the session and was on track for its highest level in nearly 20 months. The rally followed quarterly