A tumultuous first quarter came to a close Friday, with markets rocked by banking chaos and more rate hikes from the Federal Reserve. Still, the three-month trajectory has been particularly good for tech stocks, including chipmaker Nvidia . Indeed, the Nasdaq-100 — which includes the top 100 stocks of the Nasdaq Composite — outperformed all … Read more
Shares of Micron Technology plummeted Friday after Chinese regulators said they were launching a review of Micron products sold in the country, threatening a key market for the chipmaker. Cyberspace Administration of China, one of the country’s top technology regulators, said Friday it is conducting a cybersecurity review of products sold by Micron in China. … Read more
Virgin Orbit Holdings (ticker: VORB) fell 42.6% to about 20 cents after its aerospace launch said it would cut 85% of its workforce. The job cuts occurred “in light of the company’s inability to raise meaningful funding,” according to a filing. Virgin Orbit has been trying to raise additional funding since mid-March and has suspended … Read more
CNN — Cynthia Elford loves to travel and hike, but a few years ago her type 1 diabetes made it almost impossible to get around. In 2018, the Pennsylvania grandmother was at risk of losing her right leg due to a diabetes-related circulatory problem, and developed sores on her toes that kept getting worse. She … Read more
CNN — World Health Organization advisers will consider next month whether to add liraglutide, the active ingredient in certain diabetes and obesity medicines, to the list of essential medicines. The list, which is updated every two years, includes medicines “that meet the priority health needs of the population,” the WHO says. “They are intended to … Read more
AMC shares rose Tuesday amid rumors Amazon could bid for the movie theater chain, and was poised for more gains on Wednesday. Exuberance – this is a “meme stock” after all – is understandable, but investors need to see what Amazon stock is doing. That is to say: very little. Amazon (ticker: AMZN) lost 0.8% … Read more
AMC shares rose Tuesday amid rumors Amazon could bid for the movie theater chain, and was poised for more gains on Wednesday. Exuberance – this is a “meme stock” after all – is understandable, but investors need to see what Amazon stock is doing. That is to say: very little. Amazon (ticker: AMZN) lost 0.8% … Read more
Shares of Micron Technology were slightly higher at the end of trading on Tuesday after the memory chip company posted financial results for its fiscal second quarter, which ended March 2, that were roughly in line with expectations as a weak market for PCs and smartphones continued to weigh on the company’s results. Micron also … Read more
Bitcoin traded lower on Saturday, but the world’s largest cryptocurrency remained on track for a solid month amid shaky confidence in the global banking sector. Bitcoin is down 0.8% in the last 24 hours to $27,671. It’s up nearly 20% in March and more than 66% this year. Bitcoin was on track for its best … Read more
CNN — Bowling Green State University basketball player Elissa Brett was punched by University of Memphis player Jamirah Shutes as the two crossed the traditional post-game handshake line after Bowling Green’s 73-60 victory in the Women’s National Invitation (WNIT) postseason tournament on Thursday. Video of the incident shows the confrontation, with Shutes reaching out to … Read more