AMC Entertainment Holdings shares fell sharply on Tuesday after the cinema operator announced a $200 million registered direct offering of common stock, triggering investor concerns over dilution. The stock dropped 27% in trading as markets reacted to the issuance of more than 95 million new shares to institutional investors. The move comes at a price
Tesla shares fell sharply on Tuesday after US regulators opened an investigation into a fatal crash in Texas involving one of the company’s vehicles, adding fresh scrutiny to the automaker’s driver-assistance technology. The stock dropped about 5% in early trading as investors weighed the implications of the investigation against an already challenging backdrop for technology
Shares of Reliance Industries Ltd rose on Monday after the conglomerate’s annual general meeting (AGM) unveiled a series of growth initiatives, including the proposed listing of Jio Platforms, artificial intelligence investments, and new energy projects. The stock rose more than 2% during the session, making it one of the top gainers on the Nifty 50.
Shiba Inu (SHIB), once one of the crypto market’s biggest success stories, is facing a prolonged downturn. The dog-themed cryptocurrency has lost more than 32% of its value this year and trades roughly 95% below its record high from the 2021 bull market. The decline reflects a broader shift in investor sentiment. During the 2020–2021
China’s low Earth orbit satellite company SpaceSail has launched a new fundraising round, according to a report by state media outlet Securities Times on Monday, as the Shanghai government-backed firm pushes ahead with its satellite deployment plans and overseas expansion. The report said the new financing round would result in a combined equity stake of
UK Prime Minister Keir Starmer said on Monday that he would step down as Labour leader and prime minister, ending months of political turmoil and setting in motion a leadership contest that is increasingly expected to deliver Andy Burnham to Downing Street. The announcement comes less than two years after Starmer led Labour to one
Getty Images has entered into a “display agreement” with OpenAI, marking a significant step toward integrating licensed visual content into artificial intelligence-driven search experiences. In a brief announcement on Sunday, Getty said its licensed image libraries will appear in “OpenAI search and discovery experiences within ChatGPT.” The agreement is expected to allow ChatGPT to use
Sandisk, Western Digital, and Seagate stocks have been in a strong rally this year and are the top gainers in the S&P 500 and Nasdaq 100 indices. SNDK jumped by 800% this year, while Western Digital, Micron, and Seagate have soared by 320%, 285%, and 280%, respectively. Sandisk, Western Digital, and Seagate face a major
US stocks opened slightly higher on Monday as investors reacted to signs of progress in the latest round of US-Iran negotiations and looked ahead to a key inflation report that could shape the Federal Reserve’s next policy move. Officials from the United States and Iran made what mediators described as “encouraging progress” during the first
China EV stocks are in a strong freefall this year as investors remain pessimistic about their growth prospects. Nio stock slipped to $5 on Friday, down nearly 30% from its May high, and is hovering at its lowest level since March 9. Xpeng stock has tumbled to $13.21 in New York, down 53% from its