Tag Archives: surging

Meme stock mania has been mighty kind to the small-cap Russell 2000 Index after its reconstitution last June.  The total market capitalization of the Russell 2000 Index surged 84% from last year’s reconstitution (or the addition and subtraction of new companies to the index) to $3.5 trillion, FTSE Russell said in weekend tweet. This year alone, the Russell 2000 is up more than 16% compared to a 12% gain for the S&P 500. “In 2020, overall capitalization for the U.S. equity market stayed… Source link

Some praise by Warren Buffett’s potential successor as CEO of Berkshire Hathaway has investors eating up shares of Kraft Heinz (KHC).  Shares of the mac and cheese maker have surged to a 52-week high, according to Yahoo Finance Plus data. The stock is up a tasty 6% so far in May, outperforming the 2% drop for the S&P 500.  The gain is even more impressive considering packaged food stocks have traded sideways of late, pressured by the one-two punch of inflation fears and concerns about demand… Source link

New Delhi: Google is testing a new feature in Google Maps to locate available hospital beds and medical oxygen in India, even as the country continues to clock a record number of Covid-19 cases and deaths on a daily basis. The new feature, currently in pilot stage, uses the Q&A function in Google Maps to allow people to ask about and share local information on availability of beds and medical oxygen in select locations. Liking this story? Get one mail covering top tech news of the day in… Source link

Bloomberg A Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came (Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price… Source link

It was all a meme.  Well, Dogecoin still is a meme – just a more expensive meme. And as the price rises from the depths, Dogecoin’s historically scattered development is rising with it. Take Dogecoin lead maintainer, Ross Nicoll, for example. His last commitment to the open-source project on Github came in October of 2019, but in the past two weeks he’s taken on a handful of new pull requests to make changes to the coin. Related: Crypto Use in Terrorism ‘a Growing Problem,’ Yellen Says As… Source link

Former National Security Council chief of staff weighs in on ties between Huawei, US educational institutions. A group of tech and policy leaders including former Google CEO Eric Schmidt is warning that China is “surging to overtake the United States in critical areas.” The group called the China Strategy Group published a memo obtained by Axios that proposes a number of “urgent policy solutions” that “position the United States to out-compete China” without inciting more tension or… Source link

Chinese electric bicycle-maker EZGO Technologies (EZGO) leapt more than 250% in its first day of trading. TS Innovations Acquisitions Corp. (TSIA), a blank-check company, jumped 45% after announcing it was merging with Latch, a building tech firm. Another Chinese debut — this one a vaping platform called RLX Technology (RLX) — more than doubled in its first day of trading. And shares of another special purpose acquisition company (SPAC), FTAC Olympus Acquisition, surged 30% after a… Source link

The technology-heavy Nasdaq jumped to yet another new record on Thursday, on the back of strong gains from Apple AAPL, Amazon AMZN, and other giants. The broader market positivity comes as Wall Street celebrates the possibility of more government spending on coronavirus relief under the Biden administration. All three major U.S. indexes did slip slightly through early afternoon trading Friday, yet they rest within striking distance of their all-time highs. The S&P 500 is currently up around… Source link

TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that… Source link

The winter melt-up in stock markets has most investors only thinking of more easy gains for their portfolios in 2021. But not so fast, bulls — one of the most rose-colored glassed Wall Street firms thinks several risks are brewing that could put a damper on the fierce rally. “The first week of vaccine distribution has proven that the logistics of proper delivery are complex and uncertainty remains around the number of doses that will be distributed in first half 2021,” cautions Goldman… Source link