Shein, the fast fashion behemoth and rival to Alibaba‘s online fashion arm, reportedly filed for an initial public offering (IPO) in London. This move comes amid the company’s ongoing struggles with its U.S. IPO filing. What Happened: Shein’s confidential filing…
As of June 21, 2024, three stocks in the consumer staples sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a…
Editor’s note: This article has been updated with AMD’s response. Advanced Micro Devices, Inc. (NASDAQ:AMD) has confirmed that it is aware of a cybercriminal organization claiming to be in possession of stolen AMD data. Responding to Benzinga’s query, AMD stated, “We…
Microsoft Corp. (NASDAQ:MSFT), co-founder Bill Gates has expressed his confidence in the leadership of his company including CEO Satya Nadella and President Brad Smith, amid the tech giant’s ongoing federal investigation over security issues. What Happened: Gates, in a recent…
Donald Trump kicked up a controversy by calling Milwaukee a “horrible city” in a meeting with House Republicans in Washington. The former president’s niece Mary Trump, a psychologist, on Thursday took potshots at her uncle for the disparaging comment about…
Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), is embroiled in a lawsuit accusing him of leveraging insider information to profit from Tesla stock sales, according to a legal complaint initiated by the Employees' Retirement System of Rhode Island (ERSRI). The…
Vista Outdoor Inc. (NYSE:VSTO) shares are trading higher Monday morning. The company announced its Board of Directors has rejected an unsolicited acquisition proposal from MNC Capital. The revised proposal, received on June 6, 2024, offered an all-cash transaction of $39.50…
Analysts at crypto exchange Bitfinex on Friday outlined a potential Bitcoin (CRYPTO: BTC) peak of at least $120,000 during the current market cycle, which they expect to continue until late 2024 or early 2025. This prediction is based on historical…
U.S. stocks traded mostly higher this morning, with the Dow Jones gaining around 100 points on Thursday. Following the market opening Thursday, the Dow traded up 0.30% to 38,923.18 while the NASDAQ rose 0.03% to 17,192.90. The S&P 500 also…
After Bitcoin (CRYPTO: BTC) crossed the $70,000 mark, traders foresee more upside on higher timeframes but warn of potential short-term corrections. What Happened: Crypto trader Stoic highlighted key levels and market conditions that could influence Bitcoin’s next move. He emphasized…
