Trump Media stock's new low, the Fed's rate cut, and the Dow's new record: Markets news roundup
Trump Media & Technology Group stock hit a new post-merger low of $14.56 per share just hoursbefore the company’s lock-up agreement is set to end.
Nike replaces its CEO with a longtime veteran and the stock is jumping
A leadership change is underway at Nike (NKE) as current CEO John Donahoe steps down, and longtime veteran Elliott Hill takes the helm, the company said on Thursday. Shares of Nike jumped by over 7% in after-hours trading following the announcement.
The Dow closed above 42,000 for the first time after the Fed's big interest rate cut
The Dow Jones Industrial Average (SPGI) jumped 522 points Thursday and closed at a new record high, as the Federal Reserve’s decision to slash interest rates by 50 basis points gave fuel to markets.
Trump Media stock hit a new low right before Donald Trump can dump his shares
Trump Media & Technology Group stock hit a new post-merger low of $14.56 per share just hoursbefore the company’s lock-up agreement is set to end.
Bitcoin climbs above $62,000 on the Fed's jumbo interest rate cut
Bitcoin popped up over $60,000 and kept climbing early Thursday after the Federal Reserve slashed interest rates.
Tech Tactics: Attentive AI Scales Personalized Text and Email Marketing Solution Globally, Boosting Brands Like Tecovas
The artificial intelligence-powered SMS and email marketing platform launched AI Pro—a cutting-edge suite of tools designed to enhance marketing messaging—internationally.
Top Stock Movers Now: US Steel, VF Corp., ResMed, and More
Major U.S. indexes were little changed at midday Wednesday, ahead of the Federal Reserve's decision on interest rates.
The more markets price in a jumbo rate cut, the more likely the Fed is to deliver, analyst says
If the market prices in upwards of an 80% chance of a 50 basis point cut, the Fed will likely follow through, BMO strategist Ian Lyngen says.
US SEC votes allow half-penny stock pricing
Wall Street's top regulator on Wednesday unanimously voted to allow stock exchanges to price many stocks in increments of half a penny, rather than the current minimum size of 1 cent, aiming to promote more competitive pricing and reduce investor costs on the $55 trillion U.S. equities markets. The new rule should also help stock exchanges compete with off-exchange trading venues, which represent nearly half of trading volume, according to the U.S. Securities and Exchange Commission. "This will lower costs for investors as well as improve liquidity, competition and price efficiency in the markets," SEC Chair Gary Gensler said.
GameStop CEO Cohen to pay $1 million fine over Wells Fargo stock buy
GameStop CEO Ryan Cohen agreed to pay a nearly $1 million penalty to settle the U.S. Federal Trade Commission's claim that he failed to report acquisition of more than $100 million worth of Wells Fargo & Co voting shares, the agency said on Wednesday.
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