Category: Jumps
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ZIM jumps sharply after raising guidance
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ZIM INTEGRATED SHIPPING SERVICES CO., LTD. ZIM (NYSE: ZIM) surprised investors today by significantly raising its annual outlook and beating expectations for the second quarter. The stock opened 14.32% higher on Wall Street, giving it a market cap of $2.622 billion. The Israeli shipping company reported revenue of $1.9 billion…
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Dow jumps 285 points as traders try to extend comeback from big sell-off
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Lucky Photographer/Shutterstock U.S. stocks rose on Wednesday as traders tried to extend a rally that began on Tuesday following a recent sell-off. The Bank of Japan indicated that it will pause interest rate hikes in the near term, boosting investor sentiment. Major stock indices, with the Dow Jones up about…
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Camtek jumps on new order from tier-1 chipmaker
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Camtek CEO Rafi Amit Credit: Raanan Tal ICL Buys US Custom Ag Formulators for $60 Million Approval of a reduction in home purchase tax for new immigrants The Israeli company announced today that it has received orders worth over $25 million from a top-tier manufacturer specializing in high-bandwidth memory (HBM).…
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AVAX jumps 13% as gaming partnerships propel growth
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AVAX, the native token of the Layer-1 Avalanche blockchain, has seen a significant 13% increase over the past 24 hours, making it the biggest gainer among the top 100 cryptocurrencies by market cap. Currently, the token is trading at around $32.2 million, up 11.5% in the same period, with its…
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AVAX jumps 13% as gaming partnerships propel growth
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AVAX, the native token of the Layer-1 Avalanche blockchain, has seen a significant 13% increase over the past 24 hours, making it the biggest gainer among the top 100 cryptocurrencies by market cap. Currently, the token is trading at around $32.2 million, up 11.5% in the same period, with its…
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Yen jumps on possible intervention, sterling hits one-year high By Reuters
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By Chuck Mikolajczak NEW YORK (Reuters) – The yen rose sharply on Wednesday in a move suspected to be the result of another intervention by Japanese officials to support the currency, which has been battered by a multi-decade low. The yen has made several big moves in recent days, rising…
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DJT stock jumps then nosedives after first presidential debate between Trump and Biden
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Trump Media and Technology Group (DJT) stock rose early Friday before erasing gains and falling by double digits after former President Donald Trump faced off against current Commander-in-Chief Joe Biden in the first presidential debate of 2024. Shares of Trump’s social media parent company, Truth Social, fell about 12% in…
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Aussie dollar jumps on inflation spike, while yen stays under pressure By Reuters
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Written by Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The Australian dollar rose after a surprise jump in inflation on Wednesday raised the prospect of another interest rate hike, while the U.S. dollar maintained downward pressure on the Japanese yen. Moves elsewhere in the market were relatively muted as…
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Nasdaq jumps as Nvidia turns a corner
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US stocks were broadly flat on Tuesday, with artificial intelligence chipmaker Nvidia (NVDA) eyeing a cautious comeback from a three-day slide, as investors unloaded their portfolios at the end of the quarter. The Nasdaq Composite (^IXIC) rose nearly 0.7%, while the S&P 500 (^GSPC) rose 0.2%. The Dow Jones Industrial…
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Dollar slips; yen briefly jumps as intervention worries linger By Reuters
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By Samuel Indyk and Ankur Banerjee LONDON (Reuters) – The dollar fell slightly on Monday but remained close to the highest level in about eight weeks, while the yen jumped briefly as it approached the 160 level that had earlier sparked verbal warnings from Japanese authorities. The yen fell to…
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Applied Materials Q2 results top estimates as growth in China jumps By Investing.com
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Investing.com – Applied Materials on Thursday reported fiscal second-quarter results that beat estimates, led by strong growth in China as the wave of artificial intelligence continues to boost demand for chips. Applied Materials Inc (NASDAQ:) fell more than 1% in the after-hours on the news. For the three months ended…
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Israel’s GDP jumps but still below pre-war level
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According to the Central Bureau of Statistics’ preliminary estimate, Israel’s GDP rose by an annual rate of 14.1% in the first quarter of 2024, or by 3.3% in the same quarter. This comes after a decline of 21.7% year-on-year in the last quarter of 2023, in which the Iron Sword…
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Dow jumps as Apple looks to jumpstart jobs day party
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The Dow Jones led US stocks higher on Friday, as upbeat earnings from Apple lifted spirits awaiting the monthly jobs report, a crucial test of interest rate expectations. Dow Jones Industrial Average (^DJI) futures jumped 0.8%, or 320 points, while S&P 500 futures (^GSPC) rose 0.4%. Futures on the tech-heavy…