All posts tagged: Stock

Stock up on toothpicks: These soy-glazed meatballs might be the ideal party food

Stock up on toothpicks: These soy-glazed meatballs might be the ideal party food

As an Italian-American cook, I always tend to filter meatballs through that cultural lens. Though, in actuality, I know there are slews of uber-famous meatball dishes from all over the world, from Sweden to China, not just meatballs slathered in red sauce and mozzarella like you might get in Italy — or New Jersey.  As such, a few weeks back, I decided to experiment a bit and diversify my meatball stylings, and reach for soy sauce, sesame oil and fruit preserves. This turned into an “everything but the kitchen sink”-type scenario, in which I also tossed in some ingredients that wouldn’t normally be included in a plain ol’ soy-glazed meatball. I tend to like to gussy it up a bit. Want more great food writing and recipes? Subscribe to Salon Food’s newsletter, The Bite. Here, I opted for ground chicken — a personal preference — but free to swap in any type of ground protein or plant-based protein here, or even use a mix. You can also form large meatballs to make this an entree of …

What traits distinguish stock market investors from non-investors? New study provides insight

What traits distinguish stock market investors from non-investors? New study provides insight

A study of working adults found that males are 91% more likely than females to be invested in the stock market. With every year of age, the odds of being invested in the stock market increased by 3%. The paper was published in the Journal of Neuroscience, Psychology, and Economics. The stock market is a platform where shares of publicly traded companies are bought and sold, allowing investors to own a portion of a company and potentially benefit from its growth and profitability. People invest money in stocks to build wealth over time, as the value of their investments can increase if the companies perform well. Stocks offer the potential for higher returns compared to traditional savings accounts or bonds, making them an attractive option for long-term investment. Additionally, investing in the stock market provides an opportunity to diversify one’s financial portfolio, spreading risk across different assets. Studies show that stock market investors tend to have some characteristics that differentiate them from individuals not investing in the stock market. Stock market investors generally tend to …

Rivian (RIVN) stock hits all-time low after downgrade, job cuts

Rivian (RIVN) stock hits all-time low after downgrade, job cuts

After disappointing fourth-quarter results, Rivian (RIVN) stock earned a double downgrade, sending share prices to an all-time low. Sitting at its lowest value since going public, the EV maker looks to gain control of costs in 2024. Q4 earnings miss the mark After releasing Q4 and full-year earnings results Wednesday, Rivian announced it was laying off 10% of its salaried employees. Rivian’s CEO RJ Scaringe explained on the company’s media call the move enables them “to maximize the amount of impact we can have as a company.” Scaringe said the company “is not immune to existing economic and geopolitical uncertainties.” The impact of higher interest rates has rippled across the industry. Rivian’s order bank has “notably reduced” as the EV maker scales output. Although deliveries more than doubled last year, with over 50,000 vehicles handed over, the pace slowed in Q4. As CFO Claire McDonough explained in November, Rivian expected “a more significant gap between production and deliveries” with Amazon limiting new vehicle intake during the holidays. Although Rivian’s net losses improved in the fourth …

Why has Nvidia driven stock markets to record highs? | Artificial intelligence (AI)

Why has Nvidia driven stock markets to record highs? | Artificial intelligence (AI)

Investor excitement over artificial intelligence reached a new peak this week when better-than-expected results from chipmaker Nvidia drove stock markets in three continents to record highs. The rally began on Thursday and continued into Friday, as Nvidia overtook Google’s parent group, Alphabet, to become the third most valuable company in the US. Its market capitalisation hit $2tn (£1.58tn), surpassed only by Microsoft and Apple. The artificial intelligence (AI) boom has raised many questions, not least over safety and the impact on jobs, but there are also concerns that it might be driving unsustainable market exuberance. Here we look at the latest share price rise and whether it can be maintained. What does Nvidia do and why is it important to AI? Nvidia makes the chips that are crucial to training and operating AI systems – they can carry out the immense data crunching required for tools like chatbots very quickly – and the demand for this crucial infrastructure is soaring as big tech firms join the AI race and make products such as ChatGPT that …

5 things to know before the stock market opens Friday

5 things to know before the stock market opens Friday

Here are the most important news items that investors need to start their trading day: 1. Rocketing to records 2. To the moon As the new space race rolls on, Thursday brought another historic moment to the final frontier. Intuitive Machines became the first company to land on the moon when its IM-1 mission touched down on the celestial body. The cargo lander “Odysseus” became the first U.S. spacecraft to go to the lunar surface since 1972. Befitting its Greek mythological name, the craft faced some delays — both expected and unexpected — on its way home. After mission control established contact with the lander, Intuitive Machines CEO Steve Altemus said, “Welcome to the moon.” The landing is key for government agency NASA, which will rely more on private companies to carry out missions in the years ahead. Intuitive Machines shares spiked as much as 50% in premarket trading after the mission’s success. 3. Reddy or not Here comes Reddit’s IPO, after a process the social media platform has taken slowly. More than two years after …

Reddit finally files IPO, gives Redditors first dibs on buying stock

Reddit finally files IPO, gives Redditors first dibs on buying stock

Reddit is officially going public. The social media platform finally filed its initial public offering (IPO) with the Securities and Exchange Commission on Thursday, ahead of its expected stock market debut in March.  It also announced that it’s reserving some shares specifically to sell to its users and moderators. Whether they’ll actually want to buy them is another question. SEE ALSO: Reddit is trying to make nice with its moderators. They aren’t buying it. Reddit’s shares will be listed on the New York Stock Exchange under the ticker symbol RDDT, though exactly how many will be up for grabs hasn’t been determined. Reddit’s filing is the first significant social media IPO since Pinterest in 2019, with the company having worked toward going public since 2021. While Reddit kept pushing back these plans due to factors such as fluctuating markets and high interest rates, this week’s IPO is a strong indication that it’s finally ready to take the plunge. “We are going public to advance our mission and become a stronger company,” Reddit co-founder and CEO …

Reddit to sell stock in an unusual IPO

Reddit to sell stock in an unusual IPO

Popular online message board site Reddit is filing to sell stock in an initial public offering, the first social media IPO since 2019. Matt Slocum/AP hide caption toggle caption Matt Slocum/AP Popular online message board site Reddit is filing to sell stock in an initial public offering, the first social media IPO since 2019. Matt Slocum/AP Reddit, the San Francisco social media site that describes itself as “the front page of the internet,” filed for an initial public offering on Thursday, reflecting the tech company’s aim of expanding its presence and profile. The company filed to be listed in the coming weeks on the New York Stock Exchange under the ticker symbol “RDDT.” Founded in 2005 by Alexis Ohanian and his dorm mate at the University of Virginia, Steve Huffman, the site started as an gathering place for anonymous banter and commentary on culture and politics. Over the years, its userbase has grown, with now 76 million people visiting the site daily across more than 100,000 communities, according to its filing to regulators. For years, …

London Stock Exchange Group suffers brief outage, market sources say

London Stock Exchange Group suffers brief outage, market sources say

MUMBAI/SINGAPORE : News and some currency trading platforms run by the London Stock Exchange Group went down briefly on Thursday just as European markets opened, suggesting a wider outage at the firm, market sources said. LSEG’s Eikon and Workspace market data platforms and its interbank foreign exchange matching systems FXT and FXall were not functioning, traders in India and Singapore said. By 7am GMT, most market sources said systems were back to normal, after being down for between half an hour to 45 minutes. It was not immediately clear if the London Stock Exchange, also an LSEG business, was affected. However, its website status page said all systems were running normally. Thomson Reuters the parent company of Reuters News, holds a minority stake in LSEG. LSEG’s flagship Workspace product, which provides financial and real-time data and news, including exclusive access to Reuters News, is the largest division at the data and analytics unit. (Writng by Vidya Ranganathan; Editing by Jacqueline Wong and Kim Coghill) Source link

Japan’s stock market breaks 35-year record as AI booms

Japan’s stock market breaks 35-year record as AI booms

Japan’s benchmark stock index surged past a record high last set 35 years ago after greater-than-expected earnings from tech giant Nvidia fuelled a clamour for AI-related shares. The highly-anticipated results from US chip titan Nvidia beat expectations as they were published after Wall Street closed on Wednesday, with the company reporting a quarterly profit of $12.3bn (£9.7bn) on record-high revenue driven by demand for its AI-powering chips. Following a mixed day on Wall Street, the company announced record revenue of $22.1bn in the quarter that ended in January and $60.9bn for the fiscal year. Analysts had predicted its bumper profits could drive up Asian markets, and Japan’s blue-chip Nikkei 225 more than delivered.  It climbed closed 2.2pc higher to end at 39,098.68 breaking a record set in 1989 before the country’s financial bubble burst. After the peak, as banks wrote off some 100 trillion yen in bad debts, shares meandered well below the record for many years — dipping below 8,200 in 2011 after the triple disasters of a massive earthquake and tsunamis and meltdowns …

Lotus SPAC merger to list under ‘LOT’ stock ticker this week

Lotus SPAC merger to list under ‘LOT’ stock ticker this week

Lotus Technology is closing on an approved merger with Special Purpose Acquisition Company (SPAC) L Catterton Asia Acquisition Corp, setting the stage for a debut on the Nasdaq this week under the stock ticker symbol “LOT.” It’s just over a year since we first caught wind of Lotus’ plans to go public on the US stock market via a SPAC merger – a once popular method that has since cooled down. SPAC mergers enable a publicly traded company to be created to merge with an existing company. In the case of Lotus Technology, its SPAC is L Catterton Asia Acquisition Corp ($LCAA) – a blank check company explicitly incorporated for the merger to enable high-growth consumer tech across Asia. Lotus is currently owned by Zhejiang Geely Holding Group in China, where its electric hypercars are also built. During the January 2023 announcement, we learned Lotus expected to continue operations under its “Lotus Technology” moniker, with the intention to eventually trade on the Nasdaq exchange under the stock ticker “LOT.” This week, Lotus shared a progress update on …