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  • Nov 27, 2024

Jim Cramer: Reddit Is 'Fabulous,' Dow Is A 'Tough' One

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Reddit, Inc. (NYSE:RDDT) is “fabulous,” adding that he is not a seller. According to a report last week, shareholder Advance Magazine Publishers, Inc. plans to establish a credit facility using its stake in the company. Yahoo Finance reported that the publishing company aims to make as much as $1.2 billion in a sale of 7.8 million shares for between $145.38 and $148.54 per share. “I am concerned that many auto parts may be made in China, we

  • Nov 27, 2024

South Korea's central bank cuts key interest rate to nurse a slower economy

South Korea’s central bank lowered its key policy rate for a second straight month and said the country’s economy will grow at a slower pace than it initially anticipated. Following a policy meeting, the Bank of Korea cut its benchmark interest rate by a quarter percentage point to 3%. The bank cut its policy rate by a quarter percentage point to 3.25% in October in its first rate cut since May 2020 in the depths of the COVID-19 pandemic.

  • Nov 27, 2024

Robust Fuel Markets Are Throwing a Lifeline to Gloomy Oil Bulls

(Bloomberg) -- With oil prices headed for a second annual decline and a widely expected surplus in 2025 fast approaching, bullish traders are clinging to positive signals in downstream markets. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasPrices for fuel oil in Asia are at their strongest since 2022, while in Europe the cost of the ship and power-

  • Nov 27, 2024

Are IONQ, FORM, and IBM Stocks Buys Ahead of the Quantum Revolution?

Quantum computing promises to revolutionize the way we process information by leveraging the principles of quantum mechanics. It will offer unprecedented computational power, enabling solutions to complex problems that are currently unsolvable by classical computers. This breakthrough technology has the potential to transform industries such as cryptography, drug discovery, and artificial intelligence. IonQ Inc (IONQ), FormFactor (FORM), and IBM (IBM) are among the stocks offering exposure to th

  • Nov 27, 2024

French Bank Stocks Pressured by Fears of a Government Crisis

(Bloomberg) -- France’s banking stocks slid as a potential government collapse and deepening political crisis unsettled investors.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldBNP Paribas SA — the country’s largest lender by market capitalization — fell as much as 3% wh

  • Nov 27, 2024

Why Is BeiGene Stock Trading Higher On Wednesday?

On Wednesday, the European Commission approved BeiGene Ltd’s (NASDAQ:BGNE) Tevimbra (tislelizumab) in combination with chemotherapy for the first-line treatment of esophageal squamous cell carcinoma (ESCC) and gastric or gastroesophageal junction (G/GEJ) adenocarcinoma. In ESCC, the expanded indication is for Tevimbra in combination with platinum-based chemotherapy for the first-line treatment of adult patients with unresectable, locally advanced or metastatic cancer whose tumors express PD-L1 w

  • Nov 27, 2024

Trump prepares wide-ranging energy plan to boost gas exports, oil drilling, sources say

Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, according to two sources familiar with the plans. The energy checklist largely reflects promises Trump made on the campaign trail, but the plan to roll out the list as early as day one ensures that oil and gas production will rank alongside immigration as a pillar of Trump's early agenda.

  • Nov 27, 2024

Bitcoin Gets Boost as Crypto Supporters Vie to Head US Regulators

(Bloomberg) -- Bitcoin resumed a climb toward $100,000 on signs that crypto-friendly candidates will likely shape US financial rules under Donald Trump.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe digital asset rose the most in more than two weeks on Wednesday to hit $97,361, before easing to $95,500 as of 5:45 a.m. Thursday in London. Crypto

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