Tag: surge

China EV stocks soar following imposition of up to 38% extra import tariffs by EU

The recent announcement by the European Union to impose higher tariffs on Chinese electric vehicles has caused a stir in the market, with shares of Chinese EV makers experiencing a surge. This move by the EU comes after a probe into unfair subsidization of Chinese EV manufacturers, which was found to have a negative impact […]

U.S. Job Surge Casts Doubt Over Interest Rate Cuts

Hiring in the United States surged unexpectedly last month, defying predictions of a slowdown and raising fresh questions about the timing of potential interest rate cuts. According to the U.S. Labor Department, employers added 272,000 jobs in May, significantly above the forecasted 185,000 new positions. This robust job growth occurred despite the highest borrowing costs […]

T-Mobile set to purchase majority of U.S. Cellular for $4.4 billion; U.S. Cellular stocks spike

T-Mobile’s recent announcement of its plans to acquire U.S. Cellular in a deal worth $4.4 billion has sparked a 6% surge in U.S. Cellular’s stock price. This acquisition will involve the transfer of the wireless operator’s stores, spectrum assets, and customers to T-Mobile, with up to $2 billion of debt included in the deal. According […]

Demand for Chips is Unwavering, says Nvidia CEO Jensen Huang

Nvidia is making waves in the AI chip industry with the release of its highly anticipated Blackwell chip. According to a recent announcement, the company is set to start shipping the Blackwell chips this quarter, and they are already in high demand among tech giants like Amazon Web Services, Google, Meta, Microsoft, OpenAI, and Tesla. […]

Ether continues to climb after 20% surge, driven by renewed optimism for ETFs.

Cryptocurrencies surged higher on Tuesday as optimism grew around the potential approval of spot ether exchange-traded funds by the U.S. Securities and Exchange Commission. The leading cryptocurrency, Ether, saw an impressive 8.5% increase, reaching $3,661.12, following a 20% surge the day before. In a similar vein, Bitcoin also added 2%, trading at around $71,350, surpassing […]

Roaring Kitty Returns as Meme Stocks GameStop and AMC Surge at Market Open

The Man Behind the Meme Stock Craze: Roaring Kitty Resurfaces The man who became a household name during the meme stock craze of 2021 has made a triumphant return to the social platform X after three years. Keith Gill, better known as “Roaring Kitty,” sent shockwaves through the market on Monday as he posted a […]

Back To Top