NIO Inc. (NYSE:NIO) shares are trading higher in the premarket session on Wednesday. According to Benzinga Pro, NIO stock has gained over 6% in the past month. Investors can gain exposure to the stock via KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS) and Invesco Golden Dragon China ETF (NASDAQ:PGJ). Last month, the electric vehicle (EV) manufacturer […]
Jim Belushi Expands Cannabis Empire With New THC-Infused Beverage Line Via Deal With HighBridge
Jelena Martinovic | September 3, 2024
Jim Belushi‘s cannabis business Belushi’s Farm and maker of HighBridge cannabis beverages Premium have teamed up to launch Majical Ice TeaZ. The new suite of THC-infused, ready-to-drink ice teas is branded as HighBridge Premium & Belushi’s Farm is the result of a collaboration the that’s been ongoing for over a year, according to a Tuesday […]
Build-A-Bear Workshop’s Q2 Earnings Beat, Sees Strong Improvement In Q3-YTD Web Demand
Lekha Gupta | August 29, 2024
Build-A-Bear Workshop, Inc. (NYSE:BBW) shares are trading higher after it reported second-quarter revenue growth of 2.4% Y/Y to $111.8 million, beating the analyst consensus of $108.5 million. Consolidated e-commerce demand, including online orders fulfilled from the warehouse or stores, fell by 28.2%. Quarterly commercial and international franchise revenues were a combined $8.3 million and upped 44.8% Y/Y. EPS of $0.64 (+12.3% Y/Y), beating […]
Walmart Getting Ready for the Holidays: China?
Reuters | August 27, 2024
NEW YORK (Reuters) – Walmart said on Tuesday it would provide marketplace sellers its services to handle transportation of their goods from Asia directly to its U.S. warehouses, as well as fulfill orders and manage returns from any e-commerce website, in a new approach to bolstering its marketplace business ahead of the holiday season. Walmart’s […]
Morning Bid: U.S. Rate Cuts Loom as BOJ Warns of Hikes
Reuters | August 25, 2024
By Noel Randewich (Reuters) – A look at the day ahead in Asian markets by Noel Randewich. Asia investors will digest the near certainty of a September loosening of U.S. monetary policy on Monday after a speech by U.S. Federal Reserve Chair Jerome Powell on Friday confirmed that the United States is ready to begin […]
Top 2 Risk Off Stocks That May Crash In Q3
Avi Kapoor | August 23, 2024
As of Aug 23, 2024, two stocks in the consumer staples sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices […]
Spending Problem: Neither Kamala Harris nor Donald Trump Is Willing to Address
Benzinga Neuro | August 21, 2024
Douglas Holtz-Eakin, president of the American Action Forum, voiced his concerns about the U.S. spending problem on CNBC’s “Squawk Box” on Tuesday, stating that neither presidential candidate is willing to tackle the issue. What Happened: Holtz-Eakin discussed Kamala Harris‘ proposal to raise the U.S. corporate tax rate to 28% and the ongoing debate on the […]
Mpox: Wall St. is Listening
Reuters | August 19, 2024
(Reuters) – Shares of some mpox vaccine and drug developers jumped sharply on Monday in premarket trading, putting them on track to extend gains from last week as concerns over an outbreak of the virus rise. Shares of GeoVax Labs and Tonix Pharmaceuticals led the gains. Both the companies, which have a combined market capitalization […]
UBS to Liquidate $2 Billion Real Estate Fund
Reuters | August 15, 2024
ZURICH (Reuters) -UBS is to liquidate a $2 billion real estate fund it acquired when it bought Credit Suisse, the Swiss bank said on Thursday, in the latest sign of investors selling out of troubled commercial property markets. The fund, which holds four-fifths of its assets in offices, had faced investor redemption requests but the […]
Dollar softens against euro as inflation data shows cooling
Reuters | August 14, 2024
By Laura Matthews (Reuters) -The dollar softened against its major peers on Wednesday, helping the euro to a near eight-month peak, as the U.S. consumer price index showed inflation is subsiding, reinforcing expectations that Federal Reserve interest rate cuts are near. U.S. CPI rose moderately in July and the annual increase in inflation slowed to […]