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WHY GOPRO SHARES ARE GAINING TODAY

GoPro, Inc. (NASDAQ:GPRO) shares are trading higher on Tuesday. The company
announced a fresh distribution collaboration with SoftBank Group’s (OTC:SFTBY)
SB C&S Corporation in Japan, leveraging one of the region’s largest sales
networks to market GoPro products. “Through SB C&S, we’re continuing the
expansion of our global retail presence, ensuring that GoPro products are more
[…]

Nabaparna Bhattacharya | July 9, 2024

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BITFARMS NAMES NEW CEO TO GUIDE IT THROUGH STRATEGIC REVIEW

(Reuters) – Bitcoin miner Bitfarms has appointed insider Ben Gagnon as its new
chief executive officer to oversee a strategic review and navigate a dispute
with its biggest shareholder, Riot Platforms. Gagnon’s promotion comes months
after Bitfarms’ plans for a smooth leadership transition ran into difficulties.
Former CEO Geoff Morphy, whose departure was announced in […]

Reuters | July 8, 2024

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BITCOIN MINING STOCK HUT 8 IS MOVING HIGHER MONDAY: WHAT’S GOING ON?

Hut 8 Corp (NASDAQ:HUT) shares are trading higher Monday after the company
announced the closing of a $150 million investment. What Happened: Bitcoin
(CRYPTO: BTC) mining company Hut 8 said it closed its previously announced $150
million convertible note investment from a fund managed by Coatue Management.
Hut 8 shares may also be getting a lift on […]

Adam Eckert | July 1, 2024

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WALL STREET ENDS LOWER AS INVESTORS DIGEST INFLATION DATA, PRESIDENTIAL DEBATE

By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl (Reuters) -U.S.
stocks ended weaker on Friday after an early rally fizzled as investors digested
in-line inflation data and weighed political uncertainty after the U.S.
presidential debate. Nike had its steepest one-day fall in over two decades
after a gloomy forecast. “I don’t think the inflation […]

Reuters | June 28, 2024

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CARNIVAL CORP COULD BE A BUY BECAUSE OF THIS

By Granth Vanaik and Doyinsola Oladipo (Reuters) -Carnival Corp raised its
annual profit forecast on Tuesday for the second time this year, banking on
higher prices for its itineraries and sustained demand from Americans for cruise
holidays. The company’s U.S.-listed shares, which have fallen more than 11% this
year, rose 6.71% to $17.48. 2024 has […]

Reuters | June 26, 2024

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SHOPIFY & AI ENHANCEMENTS: WILL THIS HELP THE STOCK?

By Yuvraj Malik (Reuters) – Shopify made its artificial intelligence-powered
tools, including the Sidekick assistant and image-generation feature, available
to more users on Monday, in a bid to increase the appeal of its e-commerce
platform and boost revenue growth. Customers can now use its editing tool on
their smartphones to enhance images used in promotional materials, including
emails, the Canada-based firm said at its biannual products event. The feature
was previously restricted to only editing product images online. Shopify also
expanded access to Sidekick, its chatbot that helps merchants with queries,
including insights on customer behavior, that was in testing […]


AMEX TO BUY RESTAURANT BOOKING PLATFORM TOCK FOR $400 MILLION

By Niket Nishant (Reuters) -American Express is buying Squarespace-owned
restaurant booking platform Tock for $400 million to expand its foothold in the
dining industry, a category that accounted for $100 billion in spending on its
cards last year. The all-cash deal, unveiled on Friday, will build upon the
credit card giant’s acquisition of online restaurant reservation platform Resy
in 2019. Resy helps AmEx cardholders get special access to some restaurants,
including exclusive reservations, early notifications or cashback on certain
bookings made through the platform. The buyout of Tock will add another 7,000
restaurants, wineries and other hospitality businesses to AmEx’s […]


ALONG PERU’S MINING CORRIDOR, BIG COPPER

By Marco Aquino LIMA (Reuters) – Surging copper prices this year have brought
startling growth in the number of trucks carrying copper from illegal mines in
Peru, jamming roads, causing accidents and creating hazardous conditions
especially after dark along the Andean country’s key “mining corridor” highway,
industry sources told Reuters. With copper demand soaring as the world rapidly
moves toward electric vehicles and clean energy, illegal mining has been
booming. Trucks linked to artisan and illegal mining operations have been
crowding vehicles from mines like Chinese-controlled MMG Ltd’s Las Bambas,
Hudbay’s Constancia and Glencore’s Antapaccay. Mining sources told Reuters about
[…]


UBS BEGINS MAJOR SHARE BUY-BACK PROGRAMME

ZURICH (Reuters) – UBS has begun a share buyback program announced earlier this
year, and repurchased 44.8 million Swiss francs ($50.21 million) worth of shares
last week, the Swiss bank said on Monday. UBS has said the buyback programme
would be worth up to $1 billion this year. Share buybacks and dividends are seen
by analysts as a reason why investors are putting their money into UBS stock
since its takeover of longtime rival Credit Suisse last year. Companies use
buybacks to reduce the proportion of stock held by investors, enabling them to
return cash to shareholders, and often sending […]


U.S. EQUITY FUNDS SHOWING HUGE MONEY MOVEMENT: SEE WHICH WAY

(Reuters) – U.S. equity funds observed heavy outflows in the seven days through
June 12 as some investors booked profits and exercised caution ahead of the
Federal Reserve’s policy decision. Investors ditched U.S. equity funds worth a
net $21.93 billion during the week in their largest weekly net disposal since
mid-December 2022, data from LSEG showed. Despite the Fed leaving interest rates
unchanged and tempering expectations for rate cuts this year, the S&P 500 and
the Nasdaq Composite both reached record closing highs for the third consecutive
session, buoyed by data suggesting inflation is cooling. Large-cap equity funds
saw the […]
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NEWSLETTER


JIM CRAMER SAYS THESE STOCKS ‘NOTHING THERE’

June 10, 2024

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he is not going to
recommend Schlumberger Limited (NYSE:SLB) here, even though he likes the company
as it has “got too much business that is not acting well right now.“ On April
19, Schlumberger reported upbeat sales for its first quarter. When asked about
BWX Technologies, […]
Read More

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necessarily indicative of future success.

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