Wall Street analysts forecast substantial upside for Amazon and Zscaler.The Nasdaq Composite (^IXIC 0.84%) closed in correction territory on Aug. 2, meaning it had fallen at least 10% from its bull market high. Worrisome labor market data factored heavily into the drawdown. The U.S. added fewer jobs than analysts anticipated in July, and unemployment reached its highest level since 2021.However, investors have good reason to be optimistic. The index tends to bounce back quickly. During the last 15 years, th ...

NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Aeries Technology, Inc. (“Aeries Technology” or “the Company”) (Nasdaq: AERT), a global professional services and technology consulting partner, today announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on September 5, 2024 (the “Notice”). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result ...

SAN DIEGO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Crinetics Pharmaceuticals, Inc. (Nasdaq: CRNX) today announced that on September 10, 2024, the Compensation Committee of Crinetics’ Board of Directors granted non-qualified stock option awards to purchase an aggregate of 120,200 shares of its common stock to fifteen new non-executive employees under the Crinetics Pharmaceuticals, Inc. 2021 Employment Inducement Incentive Award Plan (the “2021 Inducement Plan”). The stock options were granted as inducements mater ...

SAN DIEGO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Telesis Bio Inc. (NASDAQ: TBIO) (“Telesis” or the “Company”), a leading provider of RNA and DNA solutions enabling researchers to accelerate therapeutic discovery through advanced, flexible, and rapid automated synthesis technology in their own lab, announced today that it has notified the Nasdaq Stock Market LLC (“Nasdaq”) of its decision to delist the Company’s shares of common stock, par value $0.001 per share (the “Common Stock”) and deregister the Common St ...

SHANGHAI, Sept. 10, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ: AIXI) ("Xiao-I" or the "Company"), a leading artificial intelligence company, today announced that on September 9, 2024 it received a written notice from The Nasdaq Listing Qualifications Staff of the Nasdaq Stock Market LLC ("Nasdaq") stating that the Company regained compliance with the minimum bid price requirement, as set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on the Nasdaq Global Market.As previously disclosed, ...

Wall Street has maintained its northward journey in 2024 after an astonishing rally in 2023. The technology sector is predominantly driving the ongoing rally. An unprecedented adoption of generative artificial intelligence (AI) technology globally was the prime factor.Meanwhile, from mid-July, the technology stocks have been facing hurdles intermittently primarily owing to their extreme overvaluation. Moreover, fear of a near-term recession also accelerated the technology sector’s decline. Year to date, the ...

ZIBO, China, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that the Company has received a formal notification from the Nasdaq Capital Market, LLC (“Nasdaq”), dated September 9, 2024, notifying the Company that it has regained compliance with the minimum bid price requirement as set forth under NASDAQ Listing Rule 5550(a)(2) for continued listing on Nasdaq. The Nasdaq staff made this determination of compliance after ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Fort Lauderdale, Florida, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Vine Hill Capital Investment Corp. (the “Company”), a special purpose acquisition company, today announced the closing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units began trading on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “VCICU” on September 6, 2024. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant of the Company. Each whole warrant entitles t ...

Amazon and Microsoft are at the top of their games, while Alphabet and Tesla face challenging hurdles.The "Magnificent Seven" is a group of industry-leading technology-oriented companies that posted explosive gains in 2023. The seven stocks are Microsoft (MSFT -1.64%), Apple (AAPL -0.70%), Nvidia (NVDA -4.08%), Alphabet (GOOGL -4.02%) (GOOG -4.08%), Amazon (AMZN -3.65%), Meta Platforms (META -3.21%), and Tesla (TSLA -8.45%).Nvidia, Meta Platforms, and Apple continue to outperform the S&P 500 and Nasdaq Comp ...