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The Nasdaq 100 (NDX) last traded at 29,538, up 1.2% on the day. On the daily chart, the 20-period, 2-standard-deviation Bollinger Bands remain compressed: upper band near 30,280, midline at 29,443 and lower band near 28,600. That roughly 1,680-point width is markedly tighter than the expansion that accompanied the May–early-June advance. Such squeezes typically resolve with an outsized directional move once price escapes the bands. The MACD has flattened near the zero line with a shrinking histogram, consistent with coiling rather than trending. See Figure 1 below. Figure 1 The primary Elliott Wave labeling treats the early-June high near 30,762 as the…
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys. On Monday, OPENLANE’s Chief Executive Officer, Peter J. Kelly, made a $499,999 buy of OPLN, purchasing 14,830 shares at a cost of $33.72 each. Kelly was up about 6.5% on the buy at the high point of today’s trading session, with OPLN trading as high as $35.92 in trading on Thursday. OPENLANE is trading up about 2.2% on the day Thursday. This buy…
Nvidia shares rose nearly 10% Thursday after the chip giant’s revenue guidance reassured investors that artificial intelligence demand will remain strong.Investor bullishness suggests Nvidia could buck the trend of its stock dropping the day after reporting earnings in all of the previous four quarters, despite meeting or beating estimates.Several chip stocks also rallied following Nvidia’s release, with Broadcom and Intel rising. Shares of neocloud Nebius also rallied while CoreWeave traded flat.Nvidia CFO Colette Kress said on Wednesday that the company expects revenue growth of 70% for fiscal 2028, which runs from February 2027 to January 2028. CEO Jensen Huang said…
Laszlo Godor, VP of Capital Markets, Galgo VP of Capital Markets tells CB Insights how they view the market, customer needs, and their company. How do you define your market and where does your company fit into that space? We define our market as a motorcycle commerce and financing ecosystem for underserved customers in Latin America. Our core customer is a working adult earning roughly between $300 and $800 per month, often through informal employment, self-employment, or the gig economy.
SAN FRANCISCO — Hyundai Motor Co. CEO José Muñoz smiled and nodded as a fellow executive discussed the automaker’s “mueos-ideun ganeunghada” philosophy during the reveal of its new flagship Genesis GV90 SUV.The term means “anything is possible” in Korean. It’s a mantra for the South Korean automaker that has proved to be true for the company’s U.S. ambitions as well as for Muñoz himself, a Spanish-U.S. dual national who is the first non-Korean executive to lead the automaker.Hyundai has experienced rapid growth in the U.S. so far this decade despite an onslaught of geopolitical changes and a slowing market. And…
In May, the first part of Milburn’s report, which was commissioned by the government, said the reasons for the rise in rates among men were “complex”, but could be down to more health issues, the “erosion of traditional employment routes” and “a growing gap in educational outcomes”.He also said the “Neet problem is grounded in social disadvantage” and highlighted higher rates among certain groups, including young people who:have grown up in povertyhave special educational needs or disabilities (SEND)don’t have a GCSE-level qualificationare Black, African and CaribbeanThe report warned that one in six young people would be out of work in…
I wrote this post because I needed a kick in the pants. I was finishing my fifth straight day of seven to nine hours of nonstop childcare, plus three posts and a newsletter, and I still had four more days to go. My wife and I were both sick, but she had it worse, so I had to step up. What follows is mostly me talking myself out of quitting. If you’ve been struggling with motivation to take care of your children, maybe this post will help. Most parents assume they have 18 years with their children. You get them at…
Three major UK airports have been hit by a “cyber security incident” in which criminal hackers accessed the data of almost nine million people and demanded a ransom.Manchester Airports Group (MAG), which owns Manchester, East Midlands and London Stansted airports, said customers’ contact details, vehicle registrations and postcodes were obtained by hackers at the weekend. MAG told the BBC the hackers demanded a ransom fee for the return of the data, which the group said it refused to pay. The sum of the ransom fee was not disclosed.MAG said “at no point has passenger safety or aviation security been compromised”…
The UK has its own measures in place to protect children online.The Online Safety Act mainly put restrictions on what content young people can see online.But the UK government has gone further than the US ban already.Earlier this year, it announced an outright social media ban for under-16s, which will take effect in 2027.Some other measures will apply to 16 and 17-year-olds, such as curfews and restrictions during certain hours of the day.The US has to some extent followed the same path: Start by policing the content on the platforms, then move on to restricting access to social media.But the…
Chip giant Nvidia has reported another huge jump in sales as the global push to build artificial intelligence (AI) systems continues at a rapid pace. The company said on Wednesday that it brought in $96bn (£71bn) of revenue during the second quarter, more than double the amount for the same period a year earlier. And it expects revenue of $108bn in the next quarter.”AI has reached its inflection point,” CEO Jensen Huang said in prepared remarks, describing the infrastructure buildout as going “at full steam.”The revenue figures beat Wall Street’s expectations, leading Nvidia shares to rise about 4% in after…