AST SpaceMobile stock sinks on double dose of bad news
AST SpaceMobile (ASTS) shares are taking a hit this morning due to a combination of a massive new debt raise and delays in their commercial satellite launch timeline. The sell-off…
Gold under pressure as resilient consumer spending dampens demand
Gold remained under pressure on Thursday as resilient US consumer spending and a continued rally in oil prices weighed on investor sentiment, offsetting support from softer inflation expectations and ongoing…
Rotork jumps 67% as ABB seals record $5.5B takeover amid UK dealmaking boom
Shares of British engineering company Rotork surged 67% on Thursday after Swiss industrial giant ABB agreed to acquire the company for $5.5 billion in the largest acquisition in ABB’s history,…
SpaceX stock has erased all its IPO gains, but a 76% rally may be brewing
SpaceX stock (NASDAQ: SPCX) briefly looked unstoppable after the world’s largest initial public offering, but almost all the early excitement has now disappeared. Shares closed Tuesday at $136.08, only $1.08,…
Alibaba stock jumps as Apple integrates Qwen AI into Apple Intelligence in China
Alibaba’s US-listed shares rose more than 6% on Wednesday after the Chinese technology giant confirmed that its Qwen artificial intelligence model will power Apple Intelligence features for users in China.…