Reddit Stock Soars on Strong Revenue Growth. Reddit (RDDT) experienced a significant 15% surge in after-hours trading on Tuesday, approaching an opening price of approximately $57 per share for Thursday’s session following the release of its inaugural

Amazon to Invest $9 Billion in Singapore Cloud Expansion. Amazon.com Inc. has announced a substantial investment of $9 billion to expand its cloud computing infrastructure in Singapore over the next four years. This initiative reflects Amazon’s commitment

Berkshire Hathaway Trims Apple Stake by 13% Amid Strong Q1 Cash Growth. Warren Buffett’s Berkshire Hathaway saw its sprawling stock portfolio decrease to $336 billion in the first quarter following a $20 billion divestment of stocks, as

NVIDIA’s AI Growth Accelerates as Tech Giants Invest Heavily in H100 GPU. NVIDIA Corp is gearing up to unveil its first-quarter earnings, with the company’s AI technology making significant strides in the tech industry. Major players in

OECD Upgrades Global Growth Projections for 2024 and 2025. The Organisation for Economic Cooperation and Development (OECD) has raised its projections for global economic growth in 2024 and 2025, indicating a more positive outlook compared to previous

Fed Holds Rates Amid Strong Job Growth. The Federal Reserve noted strong job gains and ongoing economic expansion but highlighted persistent challenges in tackling inflation, opting to leave interest rates unchanged at 5.5% and pushing back against

Australian Manufacturing Sector Shows Strong Improvement. Activity in Australia’s manufacturing sector demonstrated robust improvement in April, marking a positive shift from the previous month. The seasonally adjusted Judo Bank Australia Manufacturing Purchasing Managers Index climbed to 49.6

Nasdaq Futures Rise on Stellar Earnings, Investor Confidence. Futures linked to the Nasdaq Composite (IXIC) surged by 0.4% as investors exhibited optimism, showing a preference for tech companies in the upcoming week. This renewed surge in buying

Japanese Yen Weakens to 1990s Low Against US Dollar. The Japanese yen weakened to its lowest level since 1990 on Monday (April 29, 2024), breaching the psychological threshold of 160 yen per US dollar, according to Bloomberg.