On Thursday, European stocks reached their highest point in a month. This was mainly driven by luxury goods groups, which benefited from strong sales by Swiss company Richemont. The Stoxx 600 index, a broad measure of European stocks, climbed 0. 7% to its highest level since mid-December. The French
Elon Musk, the billionaire entrepreneur, has been charged by the Securities and Exchange Commission (SEC) for not promptly reporting his stake in Twitter. This delay, according to the SEC, helped Musk save around $150 million, which came at the expense of other shareholders. The SEC's rules require
Bitcoin has made a comeback, nearing the $100, 000 mark. This jump happened after recent inflation reports showed a slowdown, and the stock market started to rebound. On Wednesday, the top cryptocurrency was trading at $99, 442, which is a 3. 5% increase from previous days. Two days ago, Bitcoin hi
In a recent internal memo, Microsoft has decided to press pause on hiring within its U. S. consulting unit. This move is part of the tech giant's bigger plan to tighten its belt and cut costs. Just last week, Microsoft announced it would be letting go of some employees, a move that will affect less
Predicting stock prices is like trying to read the future, and it's a tough challenge for researchers. One popular tool is the long short-term memory neural network (LSTM), which can handle long-term patterns in stock data. But tuning LSTM's settings manually can be tricky and affect how well it wor
Eli Lilly, a company based in Indianapolis, recently faced a blow when its stock prices dipped. The reason? Their weight-loss drugs, Zepbound and Mounjaro, didn't sell as well as expected. The company predicted they'd make about $13. 5 billion in the December quarter, which is less than what experts
Last Friday's stock dip might not be over yet. Big shares like the Dow Jones lost almost 700 points, or about 1. 6%, after news about jobs made investors nervous that the Federal Reserve won't cut rates as much as they thought. The S&P 500 and Nasdaq also fell more than 1. 5%. This means all three m
JPMorgan has some stocks in mind that they think will face trouble in 2025. Stocks like Novavax, Airbnb, and Intel are on their list. The market has been tough lately, with big tech stocks losing favor. JPMorgan looked at stocks across different sectors, from healthcare to technology. Novavax, a vac
Monday was a rough day for tech stocks, with big names like Nvidia, Palantir, and Rigetti Computing seeing significant drops. Nvidia fell by nearly 4%, Palantir by 3. 5%, and Rigetti Computing plummeted by 10%. Even last year's Nasdaq winner, AppLovin, wasn't spared, with a 3% loss. This sell-off ha
Business tycoon Bill Ackman's investment firm, Pershing Square, has cooked up an interesting proposal. They want to buy out real estate company Howard Hughes. The offer? A whopping $85 per share! This is a big jump from the previous price. Ackman's firm already owns a chunk of Howard Hughes, about 3
