Articles by Daniel Marsh
Nikkei Breaks 65,000 Barrier as Asian Markets Rally on Oil Slide
Japan's Nikkei closed above 65,000 for the first time, surging 2.87% as Asian stocks rallied on hopes of revived U.S.-Iran talks and falling oil prices. Taiwan hit a record, while Shanghai, Australia, and India gained.
Nifty 50 Reclaims 24,000 as Crude Plunge Fuels Indian Stock Rally
Indian benchmarks rallied Monday, with the Nifty 50 closing above 24,000 and the Sensex gaining over 1,000 points, as Brent crude fell below $100 on US-Iran peace progress.
Stellantis Unveils 2030 Strategy Amid Cash Flow Concerns
Stellantis shares rose slightly after CEO Antonio Filosa unveiled a five-year plan targeting €190B revenue by 2030, though cash flow remains a concern.
Eos Energy Shares Dip Ahead of Holiday as Frontier Deal Advances
Eos Energy shares fell to $8.06 Friday after Frontier Power USA agreed to purchase 480 MWh of Texas battery-storage projects using Eos Z3 systems, marking the first project under a 2 GWh reservation.
AT&T Rises 5% Ahead of Holiday; New Plan and $19B California Pledge in Focus
AT&T shares rose 5.1% last week, outperforming the S&P 500, as the company unveiled a $15 wireless plan and a $19 billion California investment pledge.
Aurora Innovation Shares Slip Ahead of Holiday; Focus on Autonomous Truck Rollout
Aurora Innovation shares fell 8.3% over five days to $7.07 ahead of Memorial Day, as the company reported a $244M operating loss on $1M revenue and outlined plans to deploy over 200 driverless trucks by year-end.
Bradesco Shares Decline Ahead of GDP Data; Brazil Bank Rally Stalls
Bradesco's preferred shares fell 1.56% as Brazil's banking sector rally stalled. Q1 recurring net income rose 16.1%, but GDP data due May 29 could test the recovery.
Bank of America Ends Quiet Week Ahead of Inflation Data and CEO Speech
Bank of America (BAC) finished Friday at $51.80, rising 0.6%, and gained 4.1% for the week. Markets are closed Monday for Memorial Day, with trading resuming Tuesday.
Rivian Stock Edges Higher as R2 SUV Nears Production Milestone
Rivian shares rose 0.49% to $14.22 on Friday, capping a 3.1% weekly gain as the company ramps up production of its R2 SUV, starting at $45,000.
Amazon Stock Faces Russell Index Shake-Up Ahead of Holiday-Shortened Week
Amazon shares slipped 0.8% Friday to $266.32, while investors eye potential index changes from FTSE Russell's reconstitution that could shift the stock from growth to value indices.