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Folks, buckle up because if you’re glued to the markets this morning, you’ve probably spotted Spruce Biosciences (SPRB) lighting up the board like a fireworks show on the Fourth of July. As of this writing, shares are blasting off more than 135% in pre-market trading, pushing the price toward $21 after closing yesterday around $8.80. … Read more
Nvidia recorded no China sales revenue for H20 chips and just narrowly beat Wall Street estimates as the AI chipmaker reported quarterly earnings Wednesday. Tied up H20 chip inventory intended to be sold to China before U.S. intervention in April was sold elsewhere, the company said. Revenue increased 56% from the same period a year … Read more
Are Tesla investors losing confidence in Elon Musk’s vision of the future? Or are they still inflating the company’s value based on their faith in the cofounder? For the past several quarters after Tesla has unveiled earnings, I’ve been calculating a metric that I’ve dubbed The Musk Magic Premium. The figure estimates both the portion … Read more
A Moscow shopping mall pictured earlier this year. Anadolu | Anadolu | Getty Images Russia’s central bank on Friday cut interest rates for the first time since September 2022, in a sign that inflation pressures — not long ago described by President Vladimir Putin as “alarming” — are beginning to ease. The Bank of Russia … Read more
After weeks of posturing, the U.S. and China are finally be set to meet, paving the way for a potential de-escalation to a brewing trade war between the world’s two largest economies. According to U.S. government statements, U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will travel to Switzerland on Thursday, where … Read more
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