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Here’s why Kioxia stock is in a bear market despite the strong revenue, profit growth

Here’s why Kioxia stock is in a bear market despite the strong revenue, profit growth

Kioxia Holdings stock has suffered a big reversal this year, moving from a high of ¥112,750 in June to the current ¥49,280. This retreat happened despite its strong revenue and profit growth, and mirrors the

Business
Here’s why the Rolls-Royce share price just hit a record high

Here’s why the Rolls-Royce share price just hit a record high

Rolls-Royce share price continued its strong rally this week and is now sitting at a record high of 1,570p. It has jumped by over 46% from its lowest level this year and by 1,295% in

Business
SpaceX hit by surging AI costs as insiders prepare to sell their shares

SpaceX hit by surging AI costs as insiders prepare to sell their shares

For a rocket company, SpaceX is spending a lot of money to build out its AI capacities. Too much, according to investors. The company reported revenue in its first quarterly update as a public company

Business
Marvell Technology stock: what analysts expect ahead of earnings

Marvell Technology stock: what analysts expect ahead of earnings

Marvell Technology stock has tumbled sharply in recent weeks, mirroring the broader selloff across leading semiconductor stocks. After soaring to a record high of $329.48, the shares have fallen by more than 40%. Despite the steep

Business
Hang Seng Index nears golden cross as Meituan, Lenovo, Alibaba stocks jump

Hang Seng Index nears golden cross as Meituan, Lenovo, Alibaba stocks jump

The Hang Seng Index has rebounded, moving from the June low of 22,516 to a high of 26,200. It has jumped to its highest level since May 15, and is about to form a golden

Business
Scottish Mortgage share price stuck above 200 EMA Ahead of a key SpaceX event

Scottish Mortgage share price stuck above 200 EMA Ahead of a key SpaceX event

The Scottish Mortgage Trust share price has come under pressure and moved into a correction as traders reacted to the ongoing earnings season. It also retreated after SpaceX, its biggest constituent company, plunged to a

Business
HSBC stock jumps on revenue growth and buyback: Is there more Upside?

HSBC stock jumps on revenue growth and buyback: Is there more Upside?

HSBC share price wavered today after the company published strong financial results, mirroring the performance of other European banks. It was trading at 1,575p on August 4, a few points below this week’s high of

Business
New York sues Kalshi, says its prediction markets are illegal gambling

New York sues Kalshi, says its prediction markets are illegal gambling

New York’s attorney general sued prediction market operator Kalshi on Friday, claiming that its platform violates state laws against illegal gambling. In a petition filed in a state court in Manhattan, Attorney General Letitia James

Business
Top Nikkei 225 Index catalysts this week: Yen rescue, Softbank earnings and more

Top Nikkei 225 Index catalysts this week: Yen rescue, Softbank earnings and more

The Nikkei 225 Index retreated by over 1.52% on Monday as investors reacted to several events, including the Japanese yen rescue and the upcoming corporate earnings. It dropped to 63,390, down by 12.9% from its

Business
USD/JPY forecast: The real reason behind the US yen intervention

USD/JPY forecast: The real reason behind the US yen intervention

The USD/JPY exchange rate has dropped to the crucial support level of 155.20, its lowest level since May 6, as the Japanese yen continues to outperform most major currencies this year. The pair has retreated