industrial news
Bitcoin bulls on social media reject Musk’s reasoning for halting crypto-based car sales
Staunch supporters of bitcoin on Wednesday night were questioning Elon Musk’s crypto bona fides after the CEO of Tesla Inc. said that the company would halt its experiment of selling its electric vehicles using bitcoin due to “rapidly increasing use of fossil fuels” mining the digital asset. Musk’s announcement rippled through the crypto markets, sending …
Align Technology Inc. stock underperforms Wednesday when compared to competitors
Shares of Align Technology Inc. ALGN, -3.11% shed 3.11% to $548.64 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -2.14% falling 2.14% to 4,063.04 and Dow Jones Industrial Average DJIA, -1.99% falling 1.99% to 33,587.66. Align Technology Inc. closed $98.56 short of …
Stocks fall across Europe and Nasdaq futures tumble 1%, as inflation concerns and selloff sentiment spread
Stocks fell across Europe on Tuesday as Nasdaq futures tumbled more than 1%, with rising U.S. inflation concerns spooking investor sentiment. The pan-European Stoxx 600 SXXP, -2.18% slipped 2%, after closing at a fresh record high on Monday. In London, the FTSE 100 UKX, -2.23% fell 2.3%, while the CAC 40 PX1, -2.13% in Paris …
Cognizant Technology Solutions Corp. stock rises Wednesday, outperforms market
Shares of Cognizant Technology Solutions Corp. CTSH, +0.30% inched 0.30% higher to $80.18 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.08% falling 0.08% to 4,183.18 and Dow Jones Industrial Average DJIA, -0.48% falling 0.48% to 33,820.38. This was the stock’s third …
Archegos Losses Top $10 Billion as UBS, Nomura Add to Damage
UBS, Switzerland’s biggest bank by assets, said it lost $774 million following Archegos’s implosion, a bigger hit than analysts expected, deepening the damage caused by the fund. Meantime, Japan’s Nomura, which flagged losses of around $2 billion last month, upped its total damage tally to $2.85 billion. This included a loss of 245.7 billion yen, …
Micron Technology Inc. stock outperforms competitors on strong trading day
Shares of Micron Technology Inc. MU, +1.56% advanced 1.56% to $86.03 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.09% rising 1.09% to 4,180.17 and the Dow Jones Industrial Average DJIA, +0.67% rising 0.67% to 34,043.49. Micron Technology Inc. closed $10.93 short …
Young, healthy adults will be deliberately reinfected with COVID-19 to boost vaccine development
Healthy, young volunteers who have previously had COVID-19 will be deliberately exposed to coronavirus for a second time to see how the immune system responds, as part of a new U.K. study. Researchers at the University of Oxford on Monday launched the “human challenge” trial to investigate what happens when volunteers who have recovered from the …
Uber Technologies Inc. stock outperforms competitors despite losses on the day
Shares of Uber Technologies Inc. UBER, -0.64% slipped 0.64% to $60.35 Friday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, +0.10% rising 0.10% to 14,052.34 and the Dow Jones Industrial Average DJIA, +0.48% rising 0.48% to 34,200.67. Uber Technologies Inc. closed $3.70 short …
Grab to Go Public in Record-Breaking SPAC Merger
Grab Holdings Inc. said it would go public on the Nasdaq Stock Market by merging with a special-purpose acquisition company, securing a near-$40 billion valuation in a new milestone for the SPAC boom that has swept U.S. financial markets. The $39.6 billion deal to list Grab, a ride-hailing, food-delivery and digital-wallet group that operates across …
Roper Technologies Inc. stock outperforms market on strong trading day
Shares of Roper Technologies Inc. ROP, +0.81% inched 0.81% higher to $421.58 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.77% rising 0.77% to 4,128.80 and the Dow Jones Industrial Average DJIA, +0.89% rising 0.89% to 33,800.60. This was the stock’s second …
