NewsRoom Articles - Page 20 of 39

WednesdayOct 16, 2024 9:00 am

Alibaba Shares Climb in Aftermath of Chinese Stimulus Measures Announcement

Alibaba Group Holding Limited (NYSE: BABA) has been performing exceptionally well lately, and it comes as no shock. After the Chinese government announced a major stimulus package, Alibaba’s stock shot up 29.04% in only one month, and the company has gained an impressive 30.06% over the past year. By Oct. 10, 2024, the company’s stock was trading at $109.28, with a whopping market cap of $261.723 billion. So, what's fueling this significant increase? Well, the Chinese government’s stimulus package is designed to get the economy moving, and as one of China’s biggest e-commerce players, Alibaba was bound to benefit. Investors…

MondayOct 14, 2024 9:00 am

Nikola Sells 88 Hydrogen-Powered Trucks in Q3 2024

Nikola Corporation (NASDAQ: NKLA) is making moves in the electric truck world, and this time, it’s all about hydrogen. The company recently delivered 88 Class 8 hydrogen fuel cell trucks in the third quarter, which marks a 22% increase from the previous quarter. Even though it didn't match the massive 80% surge it saw at the beginning of the year, Nikola is right on track. Investors have taken note of this, resulting in the company’s stock jumping by 9.5% after the announcement. But before we get too excited, let’s keep in mind that Nikola’s stock has had a rough year.…

FridayOct 11, 2024 9:00 am

Rumble Director Sells Nearly 83,000 Company Shares

Arsov Robert, a director at Rumble Inc. (NASDAQ: RUM), recently sold almost 83,000 shares of the company's stock and collected more than $427,900 from the sales. The sales were in tranches of 27,500 shares, and they occurred daily, for a total of three days. The price at which he made the sales was between $5.12 and $5.24. So, why is he selling so many of his shares? Well, it is not unusual for directors to sell off stock as part of personal financial planning. However, one should always be wary of insider activity. In many cases, investors are left wondering…

WednesdayOct 09, 2024 9:00 am

Australian Authorities to Start Enforcing New Conduct for Online Dating Industry

If you have ever used online dating apps, you know it's not all swipes and sparks. Things can become quite tricky at any moment. To make things safer, Australia is stepping up with a brand-new code of conduct for dating apps, which will change the game. Platforms such as Bumble, Grindr, Tinder and Hinge are now required to boost user safety or face the consequences. So, what has prompted this? Recent research by the Australian Institute of Criminology revealed that three of four Aussie users had experienced some form of sexual violence on these apps. In fact, sexual violence was…

MondayOct 07, 2024 9:00 am

Foray into AI Infrastructure Could Trigger Explosive Growth of Marathon Digital Stock

Formerly known as Marathon Digital, MARA Holding (NASDAQ: MARA) is planning for a game-changing push into the artificial intelligence (AI) space, and analysts are thrilled with anticipation. With predictions that MARA stock could increase up to threefold, this pivot into AI infrastructure has investors sitting up and paying attention. MARA Holding is introducing a two-phase immersion cooling technology to slash the water consumption needed to cool AI infrastructure. AI systems generate massive amounts of heat, and cooling them down is a costly affair. However, reducing this resource drain ensures that MARA is offering a cost-effective, ecofriendly solution, a move designed…

FridayOct 04, 2024 9:00 am

B Riley Initiates Coverage by NASDAQ: SPOK

Big news for Spok Holdings Inc. (NASDAQ: SPOK); last week investment firm B. Riley Financial Inc. (NASDAQ: RILY) initiated coverage of the healthcare IT company, giving it a Neutral rating and a price target of $15. So, what does Spok do, and why does it matter? Spok Holdings is a major player in healthcare communication solutions. It helps hospitals across the United States stay connected and coordinated. The company has the largest installed base of pagers, around 750,000, and the business is not just about paging. It exclusive Spok Care Connect software helps hospitals manage directories, on-call scheduling and message…

WednesdayOct 02, 2024 9:00 am

Truist Securities Maintains Hold Recommendation for QuantumScape Stock

Truist Securities recently kept its Hold rating on QuantumScape Corp. (NYSE: QS) shares, maintaining a price target of $7. While this shows that the firm is taking a cautious stance, QuantumScape’s groundbreaking work in battery technology continues to impress. So, what’s going on with QuantumScape, and why does Truist remain on the fence? One of the company's biggest highlights is its QSE-5 battery, a major breakthrough in the industry. Cutting-edge architecture could set new performance standards and improve energy-storage efficiency, a crucial aspect for industries relying on efficient energy storage. If things go well, the batteries could be game-changers for…

MondaySep 30, 2024 9:00 am

Bitfarms, Riot Platforms Reach Settlement Over Takeover Conflict

After months of the takeover conflict, Bitfarms and Riot Platforms Inc. (NASDAQ: RIOT) have finally reached an agreement that promises a new chapter for both of them. The saga began earlier this year when Riot Platforms made an unsolicited move to acquire Bitfarms. According to reports, the Bitcoin mining company offered to purchase all its outstanding stock for $2.30 per share — a 24% premium, which is a whopping $950 million. However, members of the Bitfarms board had other plans. Despite the seemingly generous offer, Bitfarms declined the offer. Nevertheless, Riot didn’t walk away quietly. Instead, the company made a…

FridaySep 27, 2024 9:00 am

JPMorgan Maintains Bullish Outlook for NIO Stock

There’s some good news for electric vehicle enthusiasts and NIO Inc. (NYSE: NIO) investors; JPMorgan, a leading investment banker, recently repeated its positive stance on NIO stock, keeping an Overweight rating with a price target of $8. So, what’s fueling this optimism? First, this bullish outlook comes immediately following JPMorgan’s analyst attending Confluent’s user conference, Current 2024, in Austin, Texas. One thing that made the event abuzz was the new innovations and strategic moves. These included Confluent's soon-to-be-released Bring-Your-Own-Cloud service and its recent acquisition of Warpstream. Tacked together, these move to further improve Confluent's competitive advantage, widen its reach in…

WednesdaySep 25, 2024 9:00 am

Chechen Warlord Accuses Musk of Remotely Disabling Cybertruck

In what feels like a plot straight out of a sci-fi movie, Chechen warlord Ramzan Kadyrov has claimed that billionaire tech mogul Elon Musk remotely deactivated a Tesla Inc. (NASDAQ: TSLA) Cybertruck that he supposedly gifted him in Chechnya. Kadyrov, who is close to Vladimir Putin, said that Musk "switched off" the Cybertruck from across the globe. The saga began when Kadyrov shared a video of himself driving a Tesla Cybertruck outfitted with a machine gun on its roof. When Musk gifted Kadyrov the electric pickup truck, he was over the moon. According to the Chechen leader, it is fast,…

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