Palantir Stock’s (PLTR) Valuation Is Hard to Defend despite White House Ally
Palantir Technologies (PLTR) stock surged following the re-election of Donald Trump to The White House. Despite CEO Alex Karp’s opposition to Trump, the AI software company seems to have found support due to the close ties between Peter Thiel and soon-to-be vice president JD Vance. However, I’m bearish on the stock, simply because the valuation is very hard to sustain at this moment in time. While the company may experience a wealth of tailwinds when Trump is in office, we don’t know how large t
Read More
XRP Gains Momentum Toward $5 Amid SEC Appeal Challenges, BYDFi Stays Investor Favorite
Victoria, Seychelles, January 16th, 2025, Chainwire Recently, despite the pressure due to the appeal of the U.S. Securities and Exchange Commission, XRP has shown strength, with...
Read More
Israel Police Say One Dead, 36 Wounded, as Truck Rams Bus Stop
A truck driver rammed his vehicle into a crowd of people at a bus stop …
Read More
Why Wall Street stayed mute on Thursday after its best day since November
Wall Street paused, with stocks ending little changed. Strong bank earnings keep rolling in and Trump's Treasury pick fields Senate questions.
Read More
Richemont’s Surprise Revenue Gain Lifts Luxury Stocks, Offering Hope to Brand Owners, Investors
Richemont outstripped expectations with a 10 percent jump in revenue during the key holiday quarter, offering hope that luxury's slump might be coming to an end.
Read More
American Express to pay $230 million over 'deceitful marketing campaign'
American Express (AXP) agreed to pay a total of about $230 million Thursday to settle allegations of past deceptive marketing practices associated with its wire products.
Read More
Reddio Launches Public Testnet: A New Era of Parallel EVM Powering Autonomous AI
Singapore, Singapore, January 16th, 2025, Chainwire Reddio is excited to announce the official launch of its highly anticipated Testnet, marking a significant milestone as a...
Read More
Torram’s Pre-Seed Closure Paves the Way for Institutional-Grade DeFi on Bitcoin
Toronto, Canada, January 16th, 2025, Chainwire Torram, a Web2.5 infrastructure company, has announced the successful closure of its $710,000 pre-seed funding round in early...
Read More
ImmunityBio Stock Trading Higher On Updates From Bladder Cancer Trials: Details
On Wednesday, ImmunityBio, Inc. (NASDAQ:IBRX) released progress in its ongoing FDA discussions regarding three areas of its clinical development pipeline in non-muscle invasive bladder cancer (NMIBC) and non-small cell lung cancer (NSCLC). NMIBC BCG Unresponsive Papillary Disease: ImmunityBio is preparing to submit a supplemental Biologics License Application (sBLA) in 2025 for its treatment targeting Bacillus Calmette-Guérin (BCG) unresponsive NMIBC in the papillary indication. As published in
Read More
BofA Floats Third Year of 20% S&P Gains in Market Surprises List
(Bloomberg) -- A third straight year of outsize gains in US stocks — a display of strength last seen in the 1990s — leads Bank of America Corp.’s list of potential market surprises for 2025.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Chicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesChurches, Cinemas — and Moon Artifacts — Top List of E
Read More
XRP Climbs 19% In Bullish Trade
- XRP was trading at $3.2914 by 08:32 (13:32 GMT) on the Index on Thursday, up 19.04% on the day. It was the largest one-day percentage gain since...
Read More
Goldman Sachs Stock May Be Pricey But Its One Of The Cheapest Ways For Investing In Capital Markets: Analyst
Keefe, Bruyette & Woods analyst David Konrad reiterated an Outperform rating on the shares of Goldman Sachs Group Inc (NYSE:GS) and raised the price forecast to $690 from $686. The analyst notes Goldman Sachs posted an impressive quarterly performance, fueled by substantial gains in trading and continued growth in Asset Management. According to the analyst, trading revenue surged 33% year-over-year despite a tough comparison, with equities remaining stable quarter-over-quarter amid usual seasona
Read More
Downturn in the Indian market expected in December 2024
Despite the downturn in December, the Indian market is likely to have concluded 2024 with record-high sales.
Read More
Pre-owned Watch Market Expected to Be as Big as Primary One Within the Next Decade
While secondhand prices have fallen from their 2022 height, CPO programs, hype for vintage pieces and growing consumer interest contribute to continued strong growth.
Read More
Top Stock Movers Now: Morgan Stanley, KLA, UnitedHealth Group, Target, and More
Major U.S. indexes were little changed at midday Thursday after Wednesday's big gains powered by strong bank earnings and a softer-than-expected inflation report.
Read More