A pure-play space ETF offering investors exposure to growth in the sector announced its semi-annual rebalancing and reconstitution. The news brings eight new companies to the ETF, including seven that went public via SPAC merger. What Happened The Procure Space ETF announced the addition of eight new names to the space-themed ETF. The new companies added…
Space ETF Adds 8 New Companies Including 7 That Completed SPAC Mergers: What Investors Should Know
Aehr Shares Soar on Bagging New Order
Aehr Test Systems won an order from a current silicon photonics customer for four other FOX-NP systems. The financial terms were not disclosed. The systems will support the characterization and product qualification of new photonics-based devices. The FOX-NP systems will likely ship over the next six to seven months. Gayn Erickson, President and CEO of Aehr…
World Shares Mixed After Tech-Led Retreat on Wall Street
December 17, 2021
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BANGKOK—World shares fell on Friday after technology companies led Wall Street benchmarks lower as investors weighed the implications of higher interest rates, surging coronavirus cases, and tensions between Beijing and Washington. Benchmarks declined in Paris, London, Frankfurt, and Tokyo but rose in Shanghai. U.S. shares dropped a day after the Federal Reserve said it’s preparing…
World Shares Advance After Fed Steps Up Stimulus Pullback
December 16, 2021
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Stocks have climbed in Europe and Asia, tracking Wall Street’s gains, after the Federal Reserve said it would accelerate its pullback of economic stimulus. Shares surged in Paris, Frankfurt, London, and Tokyo. New York futures and oil prices also advanced. The Fed said it would likely raise interest rates three times next year to tackle…
World Shares Mixed Ahead of Fed Policy Statement
December 15, 2021
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BANGKOK—World shares were mixed Wednesday as traders awaited the outcome of the last Federal Reserve meeting of this year. Benchmarks rose in Paris, Tokyo, and Frankfurt but fell in Hong Kong and Shanghai after the U.S. Labor Department reported wholesale prices jumped a record 9.6 percent in November from a year earlier. Fed policymakers end…
Asian Shares Shed Gains Ahead of Fed Policy Statement
December 15, 2021
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BANGKOK—Stocks were mostly lower in Asia on Wednesday after new U.S. data showed inflation is still running high, putting a spotlight on what action the Federal Reserve will take as it holds its last meeting of the year. Tokyo’s Nikkei 225 index edged 0.1 percent higher to 28,459.72 and the Kospi in Seoul was nearly…
Musk Sells Tesla Shares Worth $906.5 Million: Filings
December 14, 2021
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Tesla Inc. Chief Executive Officer Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $906.5 million, U.S. securities filings showed on Monday. He also exercised stock options to buy 2.13 million shares of Tesla, according to the filings.
World Shares Mixed as Markets Await Word From Fed Meeting
December 14, 2021
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BANGKOK—Shares opened higher in Europe on Tuesday after Asian shares followed Wall Street lower as investors awaited fresh U.S. inflation data and the outcome of a meeting of the Federal Reserve. Benchmarks advanced in Paris, London, and Frankfurt, but fell in Hong Kong, Shanghai, and Tokyo. The Labor Department’s Producer Price Index for November is…
C3.ai Secures $500 Million Defense Department Contract
Enterprise AI software company C3.ai established a new five-year Production-Other Transaction Agreement worth $500 million with the Department of Defense (DoD). The agreement allows for an accelerated timeline to acquire C3 AI’s suite of Enterprise AI products. It enables any DoD agency to acquire C3 AI products and services for modeling and simulation. “The new…
Why Are EPAM Shares Trading Higher Premarket?
EPAM Systems Inc. will replace Kansas City Southern in the S&P 500 effective before trading on December 14. EPAM provides software product development and digital platform engineering services to global clients. Last month, EPAM reported third-quarter FY21 revenue growth of 51.6 percent year-on-year to $988.5 million, beating consensus. Non-GAAP EPS of $2.42 beat the consensus…
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