Shares of luxury electric car manufacturer Lucid (NASDAQ:LCID) fell 4.3% in the afternoon session after the company prepared to execute a reverse stock split and an analyst lowered the stock’s price target. Lucid is set to enact a 1-for-10 reverse stock split after the market closes today. This action, often viewed as a warning sign,
Shares of semiconductor equipment maker Lam Research (NASDAQ:LRCX) fell 4.3% in the afternoon session after the U.S. government tightened restrictions on the use of American semiconductor manufacturing equipment in China. The U.S. Commerce Department revoked authorizations that had allowed chipmakers Samsung and SK Hynix to receive U.S. equipment for their Chinese facilities. Under the new
Shares of customer experience management platform Sprinklr (NYSE:CXM) fell 2.3% in the afternoon session after the major indices retreated particularly affecting technology stocks. The move comes as the wider market took a breather from a recent rally, with major indexes declining. The tech-heavy Nasdaq Composite was down 1.2%, creating headwinds for tech companies across the board.
BEIJING – China’s commercial banks are tightening oversight of clients using credit cards to fund stock investments as small-time investors pour in to catch the nation’s US$1 trillion (S$1.3 trillion) market rally. Lenders, including China Minsheng Banking and Huaxia Bank, warned over the past month that credit card funds and cash advances cannot be used
The arrests were made after a detailed investigation into their involvement in organised online fraud activities, police said. | Photo Credit: The Hindu The Cyber Crime Wing of the Tamil Nadu Police has arrested three men from West Bengal as part of its ongoing investigations in connection with two separate cases registered for their involvement in an
LeoPatrizi via Getty Images The New York Stock Exchange will close Monday in honor of Labor Day. Stock and bond trading will halt on Monday in observance of Labor Day. Bond traders will get Columbus Day and Veterans Day off. The next scheduled break comes on Thanksgiving. Traders will get an extra day to prepare
A shuttered branch of China Mingsheng Banking Corp. in Wuhan, China. Photographer: Qilai Shen/Bloomberg (Bloomberg) — China’s commercial banks are tightening oversight of clients using credit cards to fund stock investments as small-time investors pour in to catch the nation’s $1 trillion market rally. Lenders including China Minsheng Banking Corp. and Huaxia Bank Co. warned
While most of the market chatter centers around artificial intelligence (AI) stocks these days, one under-the-radar player has been wooing investors, and it’s not even a tech company. Interactive Brokers (IBKR), an online brokerage firm, has delivered strong stock performance in recent years, powered by solid fundamentals, steady customer growth, and robust trading activity. And
Shares of electronic brokerage firm Interactive Brokers (NASDAQ:IBKR) fell 3.4% in the morning session after a technical pullback as the stock rallied on news of its upcoming inclusion in the S&P 500 index. The online brokerage firm’s shares had climbed on Tuesday after S&P Dow Jones Indices announced the company would become a component of
Charles Schwab SCHW and Interactive Brokers Group IBKR are two prominent online brokerage firms offering commission-free trading platforms. Of late, both have been benefiting from heightened market volatility and increased retail investor participation. While Schwab remains a powerhouse in wealth management, offering a full-service ecosystem trusted by millions of long-term investors, IBKR is a pure-play