Shares of Hugo Boss rose sharply on Thursday after Britain’s Frasers Group announced a takeover offer worth approximately €1.98 billion ($2.3 billion) for the German fashion company. The offer comes from Hugo Boss’ largest shareholder, Frasers Group, which already owns slightly more than 26% of the company’s shares. Frasers has proposed a cash offer of
Ethereum has fallen nearly 14% from its June high and dropped below several long-term trend indicators, leaving the market focused on whether support near $1,600 can withstand mounting derivatives exposure. Santiment data showed Ethereum is approaching a milestone of 200 million non-empty wallets, while CryptoQuant data pointed to record futures positioning on Binance. Yet despite
Shares of Super Micro Computer (SMCI) fell sharply in premarket trading on Wednesday. The decline came after the server maker announced plans to raise $7 billion through a series of equity and equity-linked financing offerings to support growing demand for artificial intelligence infrastructure. The stock dropped 11.4% to $36 in premarket trading. The decline came
The Schwab US Dividend Equity (SCHD) ETF has held steady in the past few days, even as the broader stock market has remained on edge, with the S&P 500 and Nasdaq 100 indices being in a freefall. SCHD was trading at $32.30, a few points below the year-to-date high. Here are some of the top
US stocks moved lower on Wednesday as investors grappled with renewed geopolitical tensions in the Middle East, continued weakness in semiconductor stocks, and concerns that inflation could keep the Federal Reserve on a cautious path. The Dow Jones Industrial Average was down by 334 points. The S&P 500 index fell about 0.57%, while the Nasdaq
Travala, a crypto-native travel booking platform, has launched what it describes as the world’s first agentic AI travel protocol. The protocol enables autonomous AI agents to search, book, and pay for more than 2.2 million hotels, including properties from major chains such as Marriott Hotels, Hilton Hotels & Resorts, and IHG Hotels & Resorts, with
Plug Power stock has slumped sharply in the past few days, moving from a high of $4.33 on June 2nd to the current $2.91. It has slumped to its lowest point since April 20th, with the market capitalization falling from over $5.7 billion to $4 billion today. So, will this hydrogen giant rebound or fall
The S&P 500 Index has pulled back in the past few days, moving from the year-to-date high of $7,618 to $7,400. This retreat has happened amid profit-taking among investors and as US bond yields jumped following last week’s strong jobs numbers. Still, there is a likelihood that the index and its ETFs like, VOO, SPY,
Astera Labs stock price has gone parabolic in the past few months, mirroring the performance of the semiconductor industry. ALAB jumped to $346 on Monday, up by 253% from its lowest point this year, with its valuation jumping from $16.6 billion in April to $60 billion today. Still, the company faces some major risks, with
LINK is down by less than 1% and continues to trade below $8. The coin staged a modest recovery after falling to a two-year low of $6.99 on Saturday. While short-term sentiment remains mixed, renewed institutional demand and continued ecosystem expansion are reinforcing a constructive long-term outlook for the oracle network. Institutional inflow into Chainlink