[ad_1] A sign is posted in front of a Rite Aid store on June 20, 2024 in San Rafael, California.  Justin Sullivan  | Getty Images A U.S. bankruptcy judge on Friday approved Rite Aid‘s restructuring plan, allowing the pharmacy chain to cut $2 billion in debt and turn over control of the company to a […]

[ad_1] Bitcoin is testing a key level once again after the cryptocurrency fell below $60,000 this week for the first time since May 3. As of Tuesday afternoon, it was trading above $61,000, roughly 17% below its March record of $73,797.68, according to Coin Metrics. Chart analysts see no buy signals, however, and say it […]

[ad_1] Fundstrat’s Tom Lee, who’s been correctly nailing the stock market for the past few years, hinted that he was about to hike his year-end S & P 500 target even with the benchmark at record highs. In a Bloomberg interview on the Odd Lots podcast Monday, the head of research and co-founder at Fundstrat said strong […]

[ad_1] It’s officially summer, and with the heat comes travel and expenses like concerts, trips to the amusement park and a new wardrobe. To avoid breaking the bank, you may want to consider picking up a summer side hustle to bring in some extra cash. CNBC Make It has talked to plenty of real people […]

[ad_1] Check out the companies making the biggest moves midday: Accenture — Shares popped 7.3% after the consulting company reported more than $900 million in generative artificial intelligence bookings for its third quarter, bringing the total to $2 billion for this fiscal year. Gilead Sciences — The biopharma stock surged 7.7% after the company said […]

[ad_1] Meta (META) is about 5% from all-time highs and technically set up for a move to break to a new record. We believe the company has regained its position as the leader in social media advertising by leveraging AI targeting, while also stabilizing its overall spend following its “year of efficiency” generating free cash flow. The […]

[ad_1] South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to Kwon. Woohae Cho | Bloomberg | Getty Images Months before Sam Bankman-Fried and the FTX […]

[ad_1] Apple ‘s chart is showing a change that can indicate upside momentum ahead. The maker of iPhones and iPads has formed a “golden cross,” a technical indicator signalling when a stock’s moving average over the last 50 days rises above the same moving average tracking the last 200 days. The crossing of the two […]

[ad_1] NextEra stock dropped more than 5% after its investor conference, but Goldman Sachs sees a buying opportunity as the power company is forecasting robust growth for the foreseeable future. “We believe the pullback on the day, with NEE shares down 5.5%, represents a buying opportunity, and we attribute the weakness to positioning following strong […]

[ad_1] Nvidia (NVDA) could one day dominate the U.S. stock market benchmark S & P 500 by a magnitude that has never been seen before, more than doubling the influence of past leaders like Apple and Nokia, along with current leader Microsoft. “History suggests NVDA could become 10-15% of S & P 500,” wrote chip […]