Stock Market
US Stocks Close Week in the Red Despite Earlier Rally
In a week marked by ups and downs, US stocks concluded in the red, reversing gains from a Thursday rally. All primary indexes recorded losses,...
Nasdaq to Launch Arm Holdings Options on Monday
In a move poised to reshape the investment landscape, Nasdaq is slated to introduce options contracts for technology powerhouse Arm Holdings on Monday. This development...
UAW Strike Sends Ripples Through Tech Sector
The United Auto Workers (UAW) strike, which commenced on Friday, is poised to have far-reaching implications beyond automakers GM (GM), Ford (F), and Stellantis (STLA)....
Planet Fitness Undergoes Leadership Transition
In a surprising turn of events, the board of Planet Fitness (PLNT) announced on Friday its decision to initiate a leadership transition, marking a significant...
Instacart Revises IPO Terms, Aims for $10 Billion Valuation
Grocery delivery service Instacart made a significant move on Friday, revising its initial public offering (IPO) terms in response to strong investor demand. The company...
Economists Anticipate Federal Reserve Interest Rate Hike
Economists surveyed by Bloomberg News anticipate that the Federal Reserve will enact one additional interest-rate hike in the current year, with rates poised to remain...
Novartis Shareholders Back Sandoz Spinoff with 99.7% Support
Novartis shareholders voted in favor of the spinoff of the Swiss pharmaceutical giant’s generic-drugs arm, Sandoz, during an extraordinary general meeting held on Friday. An...
Arm Holdings Stock Rockets 25% Above Debut Price, What Next?
SoftBank Group’s technology investment arm, Arm Holdings, made a resounding entry into the public market on Thursday, with its stock surging nearly 25% above its...
Arm Holding Soars in Nasdaq Debut, Valued at $65B
In a resounding testament to investor confidence, shares of Arm Holdings, a subsidiary of SoftBank, witnessed a meteoric rise before the bell on Friday following...
US Stocks Open Lower, Failing to Sustain Previous Day’s Rally
US stocks opened Friday on a lower note, unable to extend the momentum from the previous day’s surge. The S&P 500 edged down by 0.3%,...
