For the first week of 2025, which ended Jan. 4, stocks closed lower. Although the S&P 500 (IVV) and Nasdaq (QQQ) jumped by 1.26% and 1.77% respectively, volatility increased. Technology investors bought Nvidia (NVDA) and Super Micro (SMCI), along with nuclear energy suppliers like Vistra (VST) and Constellation Energy (CEG). Fortunately, the broad rally suggests…
Last Friday, Rivian Automotive (RIVN) jumped by 24.45%. The firm posted delivery figures that exceeded expectations. The company is no longer constrained by the supply disruption. Rivian delivered 14,183 vehicles in the quarter ended Dec. 31, 2024. On average, 15 analysts expected 13,472 units. The firm produced 12,727 units. In contrast, Tesla (TSLA) posted a…
The U.S. steel industry is in trouble. Joe Biden blocked Nippon Steel’s attempt to buy US Steel (X). The Japanese firm is offering $14.9 billion for the American steel firm. Biden wants US Steel to remain American-owned. To help complete the deal, Nippon offered the steelworker union job protection. It would also keep the plants…
Talkspace (NASDAQ: TALK) shares strengthened Monday. The company, dealing in online behavioral health, is now available to approximately 9.5 million active duty and retired military personnel and their dependents as an in-network benefit through partnerships with TRICARE East and West region contractors. Eligible beneficiaries, including partners and teen dependents (13+), can now receive therapy from…
Home sales across the Greater Vancouver Region rose 31.2% on a year-over-year basis in December. However, according to the Greater Vancouver Realtor Association, the 1,765 homes sold on Canada’s West Coast last month was 14.9% below the 10-year seasonal average for the month of December. The real estate board said 1,676 newly listed properties hit…
Assets held in Canadian exchange-traded funds (ETFs) surpassed $500 billion for the very first time in 2024. The record amount of capital placed in ETFs came during a year that also broke records for both inflows and new fund launches. ETF assets under management (AUM) stood at $519 billion at the end of December, according…
Elon Musk has questioned whether the United States should “liberate the people of Britain from their tyrannical government” after hitting out at top U.K. lawmakers. In recent days, the tech billionaire and key advisor to U.S. President-elect Donald Trump has taken to social media to air his grievances with the British government, resulting in a…
The live NFL football games being broadcast on Amazon Prime Video (AMZN) are attracting a growing number of viewers. The latest information from ratings agency Nielsen shows that Amazon’s “Thursday Night Football” package averaged 13.22 million viewers per game, a 13% increase from last season. Nielsen’s data also noted that 11 of the games on…
The Eurosceptic, Russia-friendly Freedom Party came first in September’s elections but was then sidelined.The Eurosceptic, Russia-friendly Freedom Party came first in September’s elections but was then sidelined. BBC News
Microsoft’s (MSFT) plans to spend $80 billion is another boost for the artificial intelligence sector. The software giant plans to invest in data centers in fiscal 2025. Microsoft needs more hardware to power AI. The company said that it needs large-scale infrastructure investments to serve as the essential foundation of AI innovation and use. Microsoft…
