Shares of larger-than-life cinema technologist Imax (NYSE:IMAX) closed Monday’s trading 8.4% higher, having risen 10.2% earlier in the day. The stock rose thanks to an impressive second-weekend showing of Walt Disney’s (NYSE:DIS) latest superhero movie.
Shang-Chi and the Legend of the Ten Rings dominated the box office in its second week, collecting domestic ticket sales of $35.8 million. By comparison, Free Guy from another Disney-owned subsidiary, 20th Century Studios, landed in second place with a domestic showing worth $5.8 million.....More>>>
Keep your rally cap on your head, because there's nothing else to hang it on, Jim Cramer told his Mad Money viewers Tuesday. After another disappointing day in the markets, Cramer said investors are desperate to find something to hang their hats on. The only problem? There's nothing that's working.
Much of the recent rally was fueled by FOMO, or “fear of missing out.” But as we approach mid-September, timing is everything, Cramer noted, and it may no longer be prudent to buy the dips.
Today was the unveiling of Apple's AAPL newest iPhones, and....More>>>
Recent research by blockchain analytics firm Chainalysis reveals that cryptocurrencies saw an impressive growth rate over the last year.
What Happened: According to a Wednesday Chainalysis paper, “global cryptocurrency adoption is skyrocketing,” having “grown by over 880% in the last year.”
At the end of last year's second quarter, total global adoption stood at 2.5, while at the end of Q2 2021, it stood at 24.
This data suggests that “global adoption has grown by over 2300% since Q3 2019.”
Still, the United States and....More>>>
Alibaba Group Holding (NYSE:BABA) is being crushed by politics, on both sides of the Pacific. Regulatory woes domestically and internationally are eating into BABA stock, toppling a company with otherwise fantastic valuation.
Source: testing / Shutterstock.com
China’s leading Cloud Emperor is down nearly 30% so far in 2021. All the technical signs are bearish. Chinese President Xi Jinping has hit the company with harsh regulations.
The crackdown on Chinese tech companies by the government has some investors considering Chinese investing as a whole. Alibaba doubly....More>>>
China will encourage market consolidation in the electric-vehicle sector, an industry it has nurtured for years amid the breakneck growth of greener transportation, the country’s industry and information technology minister said Monday.
In addition to improving charging infrastructure and electric-vehicle mileage, China’s EV sector must “embrace the market,” Xiao Yaqing said in a press conference Monday, translated by Chinese state-owned channel CGTN. This will allow many small and scattered firms to “concentrate their industrial practices,” the minister said.