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BAE Systems Secures $92M Navy Submarine Deal

BAE Systems (LON: BA), the multinational defense, security, and aerospace giant, has been granted a significant contract with the U.S. Navy, valued at $92 million. This

Asktraders News Team
Chinese Stocks Rally in Hong Kong Market, Hang Seng Index Closes Week Strong

Investors in the Hong Kong market received a boost as Chinese shares soared, taking the Hang Seng Index to multi-year highs. The euphoria that continues to rip

Asktraders News Team
China’s E-Commerce Giants Battle for Hong Kong Market

Chinese e-commerce giants Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD) are intensifying their competition in the Hong Kong market, deploying significant investments to capture more consumers.

Asktraders News Team
TSMC and Samsung to Build Possible Mega Chip Factories in UAE?

In a move that could reshape the semiconductor landscape, Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), known widely as TSMC, is in discussions with Samsung Electronics Co, to form a partnership that would l

Asktraders News Team
Why Is Rolls Royce Share Price (LON: RR) Up This Year?

Rolls-Royce share price (LON: RR) has seen a remarkable increase this year, with the first three quarters of 2024 bringing in gains of 76.9%. Whilst the performance so far in October is broadly flat, there seems to be plenty

Asktraders News Team
What Would JPMorgan’s Valuation Look Like Without Dimon At The Helm?

As speculation mounts about when the tenure of Jamie Dimon will eventually come to a close at JPMorgan Chase, analysts assert that his eventual departure could significantly impact the bank's stock value (NYSE: JPM).

Asktraders News Team
Watches of Switzerland Acquires Hodinkee, Shares Rise

Watches of Switzerland Group (LON: WOSG) shares rose by 2% in early Friday trading, following a recent four-day decline. The acquisition of Hodinkee, the digital editorial content provider for luxury watch enthusiasts, has bo

Sam Boughedda
Virgin Wines Shares Jump on Ocado Strategic Partnership

Virgin Wines UK (LON: VINO) shares rose 5.6% in early trading on Friday after the company announced a strategic partnership with Ocado (LON: OCDO), the online supermarket business.

Sam Boughedda
Malaysia’s KLCI Sees Marginal Gains Amidst Cautious Trading

In a day marked by caution and measured expectations, Malaysia's FBM KLCI inched forward modestly, making incremental gains amidst a backdrop of restrained investor ac

Asktraders News Team
Supply Chain Woes as U.S. Dock Strike Hits Hard

The International Longshoremen's Association (ILA) is currently leading a dock strike that has struck a critical blow to supply chains along the U.S. East and Gulf Coasts. The stoppage of work arises from a dispute over wages

Asktraders News Team
US Chips Production Fast-Tracked with New Law

In a decisive step for American technological competitiveness, President Joe Biden has signed a law exempting certain U.S. chipmaking facilities from federal environmental reviews.

Asktraders News Team
Citi Elevates Southwest Airlines (LUV) Price Target, Prefers Rivals

Southwest Airlines stock (NYSE: LUV) has been given a boost after receiving a price target revision by Citi analyst Stephen Trent, raising the benchmark to $31.50 from the former $28.25.

Asktraders News Team
Rio Tinto Shares Raised by Berenberg Despite YTD Decline

Investment bank Berenberg upgraded Rio Tinto (LON: RIO), the mining giant, to Buy from Hold in a research note this week, with

Sam Boughedda
Indian Indices Pull Back Slightly After Posting Strong First Half of FY25

The Indian stock market has begun the second half of the fiscal year in negative territory, with the Nifty 50 index down 2.15%, and the Sensex 2.17% in the red throug

Asktraders News Team
Joby Aviation Stock (JOBY) Soars on Capital Infusion, Analysts Views Mixed

Joby Aviation, a pioneer in the air mobility sector, saw its stock price (NYSE: JOBY) rise an impressive 27.92% to $6.14, reflecting a bullish response from markets to new financial developments. Such was the rise of JOBY's s

Asktraders News Team
Nvidia’s Blackwell Sales Get Vote Of Confidence From JP Morgan

As the pre-market session progresses, shares of Nvidia Corporation (NASDAQ: NVDA) are trading with a bullish sentiment, evidenced by a 0.85% increase in stock price

Asktraders News Team
Alibaba Stock Buyback Gathers Pace, $22BN Still On Deck

Alibaba stock (NYSE:BABA) has been on a rally, with gains of 54.16% on a YTD being driven in part by an acceleration that has gripped Chinese stocks since the news of stimulus incoming from the world's second largest economy.

Asktraders News Team
Tesco Shares Rise After Full-Year Profit Guidance Increase

Tesco (LON: TSCO) shares gained almost 2% in early Thursday trading after the supermarket giant raised its full-year profit f

Sam Boughedda
Super Micro’s Stock Price (NASDAQ: SMCI) Eyes Post-Split Recovery

Super Micro Computer Inc. (NASDAQ: SMCI), a global leader in high-performance, high-efficiency server technology and innovation, recently underwent a significant change in its stock structure. The company announced a 10-for-1

Asktraders News Team
M&T Bank Receives Outperform Rating From Evercore ISI

In a notable shift in investment outlook, Evercore ISI has upgraded M&T Bank's (NYSE: MTB) status from In Line to Outperform, setting a new price target of $210. This reflects a positive adjustment in the bank's projected

Asktraders News Team
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