Buffer ETFs have been gaining attention as a potential hedge against the recent market volatility. Bruce Bond, CEO of Innovator ETFs, believes that buffer exchange-traded funds provide an opportunity for investors to protect themselves from the downside of the market. These buffer ETFs are designed to offer exposure to the market while minimizing the risk
Finance
Rocket Lab, a space company, is seeing a surge in its stock price, jumping more than 16% and hitting a 52-week high after shipping two Mars-bound spacecraft to Cape Canaveral, Florida. This significant milestone is a major accomplishment for the company, showcasing its capabilities in designing, building, integrating, and testing spacecraft for prestigious clients such
UBS CEO Sergio Ermotti recently expressed his concerns about the potential intensification of market volatility in the second half of the year. While global equities experienced sharp sell-offs due to weak economic data in the U.S., Ermotti stated that he does not believe the country is heading into a recession. Despite the uncertainty surrounding the
Recently, Kellanova saw its shares rise by over 6% in premarket trading after agreeing to be acquired by snackmaker Mars for $83.50 per share in cash. This deal, valued at approximately $36 billion, is expected to close in the first half of 2025. This acquisition marks a significant move in the food industry, consolidating power
Cisco Systems made waves in after-hours trading with a 6% jump in its stock price. The networking company reported an earnings and revenue beat for its fiscal fourth quarter, which can be seen as a positive sign. However, Cisco also announced that it will be cutting 7% of its global workforce. Additionally, both revenue and
Brinker International saw its stock take a hit of around 12% following a weaker-than-expected profit forecast for the full year. The Chili’s parent company also reported disappointing fiscal fourth-quarter earnings, with adjusted earnings per share falling below the StreetAccount consensus estimate. Looking ahead, Brinker anticipates earnings per share for fiscal 2025 to be between $4.35
Former President Donald Trump is no stranger to legal battles, and his recent announcement of a plan to sue the Justice Department and the FBI for $115 million has once again thrust him into the spotlight. Trump’s attorney, Daniel Z. Epstein, alleged “malicious political prosecution” and “abuse of process” in a legal notice obtained by
JetBlue’s decision to sell $400 million of five-year convertible senior notes resulted in a 13% decline in their stock value. This move has left investors concerned about the airline’s financial health and long-term stability. Hawaiian Electric Industries faced a significant setback as their shares plummeted by more than 16%. The utility’s inability to secure a
In the midst of the latest global market volatility, China has emerged as a distinct market with a certain level of resilience. While other major markets such as the U.S. and Japan have experienced significant fluctuations, Chinese stocks have managed to weather the storm relatively well. The Shanghai composite was down by 1.5%, and the
Taiwan Semiconductor saw a 1% rise in its stock before the market opening due to strong July revenue, showing a nearly 45% increase from the previous year. This positive growth indicates the company’s ability to capitalize on the growing demand for chips in various industries. The Trade Desk witnessed a 4% increase in its shares