Why Are Lucid Shares Surging Friday?

Vaishali Prayag | July 12, 2024

Shares of Lucid Group (NASDAQ:LCID) are moving higher on Friday potentially following recent comments from CEO Peter Rawlinson about the company’s growth strategy and funding needs. What To Know: Rawlinson emphasized the need for continued fundraising to support Lucid’s ambitions of becoming a major player in the EV market. He highlighted the partnership with Saudi […]

Bitcoin Mining Stocks Marathon Digital, CleanSpark And Riot Platforms Are Rising: What’s Going On?

Adam Eckert | July 11, 2024

Bitcoin (CRYPTO: BTC) mining stocks including Marathon Digital Holdings Inc (NASDAQ: MARA), CleanSpark Inc (NASDAQ: CLSK) and Riot Platforms Inc (NASDAQ: RIOT) are rising Thursday as bitcoin bounces off recent lows. Here’s a look at what you need to know. What To Know: Bitcoin is up about 0.35% over the last 24 hours and has risen approximately 1.56% over the past week. The bounce back Thursday appears to be driving strength […]

Honeywell’s $1.81B Power Play

Shivani Kumaresan | July 10, 2024

Honeywell International Inc (NASDAQ:HON) has agreed to acquire Air Products And Chemicals, Inc.’s (NYSE:APD) liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This acquisition, which is approximately 13 times the estimated 2024 EBITDA, will significantly enhance Honeywell’s energy transformation offerings. The acquisition will enable Honeywell to offer […]

U.S. Spending Like ‘Drunken Sailor,’ MMT Godfather Slams Government

Benzinga Neuro | July 8, 2024

Warren Mosler, a prominent figure in Modern Monetary Theory (MMT) and American entrepreneur, echoed the sentiments of experts such as Stanley Druckenmiller, Citadel’s Ken Griffin has criticized the U.S. government’s spending habits, comparing them to a “drunken sailor.” What Happened: Mosler expressed his concerns on the Odd Lots podcast. He highlighted the perilous mix of […]

Apple To Rally Around 17%? Here Are 10 Top Analyst Forecasts For Friday

Avi Kapoor | June 28, 2024

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler raised the price target for Aflac Incorporated (NYSE:AFL) from $95 to $100. Piper Sandler analyst John Barnidge maintained an Overweight rating. Aflac shares […]

Here Are 10 Top Analyst Forecasts for Wednesday

Avi Kapoor | June 26, 2024

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Citigroup raised the price target for NVIDIA Corporation (NASDAQ:NVDA) from $126 to $150. Citigroup analyst Atif Malik maintained a Buy rating. NVIDIA shares gained 6.8% […]

3 Consumer Stocks with Over 6% Dividend Yields

Avi Kapoor | June 24, 2024

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort […]

Hess-Chevron Merger Hits Snag

Lekha Gupta | June 21, 2024

The merger of Hess Corporation (NYSE:HES) and Chevron Corporation (NYSE:CVX) is reportedly stalled as the contract arbitration panel remains incomplete three months after the case was filed. This delay is stalling the decision on whether Exxon Mobil has a right of first refusal over Hess’ Guyana operations, reported Reuters. According to the report, the third and final […]

XRP Set for a Fresh Rally?

Aniket Verma | June 19, 2024

Payment-focused cryptocurrency XRP (CRYPTO: XRP) may have lagged the broader cryptocurrency market in 2024, but investors were hopeful for a shift in market sentiment toward the bullish side. What Happened: According to the on-chain analytics firm CryptoQuant, speculative interest in the token shot up dramatically, reflected by an increase in open interest past $400 million. […]

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