Tag: innovation

U.S. crude oil stockpiles projected to fall, while gasoline and distillate inventories expected to rise - Reuters poll

Published on: January 22, 2025, 06:00 PM UTC

After years of lackluster returns, clients of Seth Klarman's Baupost Group have withdrawn $7 billion, leading the firm to cut 20% of its investing team and refocus on its core distressed debt and special situation strategies.

Published on: January 22, 2025, 04:04 PM UTC

Fourth quarter earnings season starts strong, but investors focus on Trump's policies. Despite strong earnings growth, market action is driven by policy uncertainty, with stocks rallying on signs of weaker dollar and tech stocks boosted by infrastructure investment reports.

Published on: January 22, 2025, 04:03 PM UTC

US stocks rose on Wednesday, led by the Nasdaq, as Netflix shares surged to a record high and President Trump's plans to boost AI investment offset concerns about trade tensions with China. The Nasdaq Composite gained 1.17%, the S&P 500 added 0.61%, and the Dow Jones Industrial Average advanced 0.3%.

Published on: January 22, 2025, 04:03 PM UTC

Nvidia stock jumps over 4% on Trump's massive AI infrastructure project announcement. The project, backed by SoftBank, OpenAI, Oracle, and MGX, aims to build US data centers for artificial intelligence, boosting tech stocks including Microsoft, Arm, Oracle, and Softbank.

Published on: January 22, 2025, 04:01 PM UTC

Oil market fluctuates as Trump threatens tariffs, while traders assess fallout from US sanctions on Russia and weather impacts in the northern hemisphere.

Published on: January 22, 2025, 04:00 PM UTC

Netflix stock surged after the streaming giant reported its biggest quarterly subscriber gain in history, buoyed by live sporting events and the return of Squid Game. The company added 18.9 million customers in Q4, bringing its global subscriber base to over 300 million. Netflix will stop reporting subscriber figures after a surge in new customers from its crackdown on password sharing. It will focus on financial metrics like sales and profit instead.

Published on: January 22, 2025, 03:00 PM UTC

Venture Global lowers IPO target range to $23-$27 per share, reducing its potential market value to $65 billion. The move signals a setback for energy IPOs in the US, which have seen lackluster performance in recent months. Despite the lower pricing, Venture Global maintains a high valuation compared to competitors in the LNG industry.

Published on: January 22, 2025, 02:01 PM UTC

Lindus Health, an AI-driven clinical trial platform, bags $55M Series B to revolutionize the drug development process. By automating trial design, recruitment, and data collection, Lindus empowers biotech and pharma companies to accelerate drug discovery and improve patient outcomes.

Published on: January 22, 2025, 01:03 PM UTC

President Trump's new SEC task force addresses cryptocurrency regulation, encouraging investor enthusiasm. Bitcoin price surges, industry awaits executive orders, and key personnel changes are underway.

Published on: January 22, 2025, 12:03 PM UTC