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Market News

Location American Market News for 2 June 2021
Bitcoin Price Volatility Reached Its Highest In A Year During May Bitcoin experienced some serious volatility in May, rising to nearly $60,000 and then falling to almost $30,000. What will the cryptocurrency do in June?
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Elon Musk Triggers A Surge In 'Baby Shark' Investor's Shares After Tweeting About Viral Song The catchy--or irritating--song is YouTube's most watched video.
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Travelers Stock Is Fairly Priced

Forbes - 2 Jun 2021 13:30
Travelers Stock Is Fairly Priced Travelers stock (NYSE: TRV), the property and casualty (P&C) insurance giant, gained roughly 14% - increasing from about $140 at the beginning of 2021 to around $160 currently, inching ahead of the S&P500, which grew 12%...
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AMC Entertainment: We Have Seen This Movie Before And It Does Not End Well When a stock increases by 139% in two days by selling shares and giving away free popcorn it usually does not end well.
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Global Chipmaking Boom Propels Two New Faces On Malaysia Rich List A threefold jump in the market cap of Penang-based engineering services firm UWC to $1.6 billion in the past year has put cofounders Ng Chai Eng and Lau Chee Kheong on the list for the first time.
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Malaysia Rich List Newcomer Reaps Automatic Fortune Tan Eng Kee, cofounder and CEO of Greatech Technology, debuts on the list with a net worth of $965 million.
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Fiserv, Inc Among Weekly Thematic Large Cap Stocks This week, Q.ai has cast its focus to U.S. Large Cap Stocks to see what's happening in the land of the large. Here's what data it dug up.
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Profits May Not Be So Seamless for DoorDash, Uber Eats

Wall Street Journal - 2 Jun 2021 20:53
DoorDash and Uber seem confident they can profit where Grubhub couldn't, but the industry's dynamics are little changed.
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AMC Rally Accelerates as Stock Price More Than Doubles

Wall Street Journal - 2 Jun 2021 20:00
The runup--reminiscent of late January when individual investors banded together online to drive meme stocks higher--puts the theater chain on track for a record close.
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Trial In Absentia: Covid-19 Gives Rise To Decentralized Drug Trials Remote tracking of drug trial participants is gaining acceptance.
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Not Just AMC: These Are The Meme Stocks Reddit Traders Are Pumping Again As Experts Urge 'Extreme Caution' Shares of struggling chains AMC and Bed Bath & Beyond surged as much as 50% Wednesday.
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Elliott Management Holds Big Dropbox Stake

Wall Street Journal - 2 Jun 2021 18:17
The activist hedge fund has told Dropbox it is the company's largest shareholder after CEO Drew Houston, suggesting Elliott owns a stake of more than 10%.
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Apple And Facebook Among Today's Trending Stocks Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. Today, our deep-learning algorithms have identified Apple and Facebook among others.
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Tencent's Biggest Investor Snaps Up Coding Community

Wall Street Journal - 2 Jun 2021 17:52
Prosus said it struck a $1.8 billion deal to acquire Stack Overflow, an online community for software developers, in a bet on growing demand for online tech learning.
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Identity theft: How to trace if someone else is misusing your documents Scammers can take a loan in your name, affecting your credit history. They can even buy a SIM card and misuse it
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Cal-Maine Foods Inc And Fluor Corp Rated Top Shorts For Today As investors continue to weigh reopening optimism with inflation concerns, the Dow rose 70 points, the S&P 500 ticked up 0.15%, and the Nasdaq climbed 0.08%. Make the most of this market with today's Top Shorts from Q.ai...
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Artificial Intelligence Ranks Cummins Inc Among Today's Top Buys The Dow rose 70 points, the S&P 500 ticked up 0.15%, and the Nasdaq squeaked up 0.08%. Meanwhile, Q.ai's artificial intelligence has dug up today's top buys.
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What happens to loans when a borrower dies?

livemint.com - 2 Jun 2021 17:24
What happens to loans when a borrower dies? A look at the steps lenders can take to recover loans from the legal heirs.A lot depends on collateral and if there's a guarantor, a co-applicant or a co-borrower in the loan
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KB Home, Floor & Decor: Are Housing Stocks Still Worth A Look? New home sales in the U.S. for the month of April fell by about -5.9% month over month to a seasonally adjusted annual rate of 863,000 units, based on data from the Commerce Department, driven by higher pricing and signi...
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Forecast Of The Day: Alibaba's Cloud Computing Revenues Trefis expects Alibaba's (NYSE:BABA) Cloud Computing Revenues to grow from $5.65 billion in 2020 to about $9.3 billion in 2021 and $12 billion in 2022...
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After Nvidia's Stock Split Announcement, Are Adobe, Alphabet And Amazon Next? Nvidia (NVDA) stock rallied by almost 10% over the last week, after the company announced its first stock split in almost two decades. The stock is expected to trade on a split-adjusted basis from July 20. Now it's looki...
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Will The Gains In Moderna Stock Continue?

Forbes - 2 Jun 2021 16:30
Will The Gains In Moderna Stock Continue? Moderna stock has rallied by almost 15% over the last week (five trading days), outperforming the S&P 500 which was up by just over 1% over the same period. The rally comes as Moderna's Covid-19 shot saw strong efficacy ...
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