It’s time to start breaking down the biggest pre-market stock movers for Thursday as we get ready for another busy day of trading!
Moving stocks this morning are merger plans, public offerings, and more.
Let’s get into that news below!
Pre-Market Stock Movers: 10 Top Gainers
BitNile Metaverse BNMV stock is rocketing close to 47% as Hong Kong on Thursday morning.
Leju LEJU shares are rallying more than 31% without any c...

Policymakers at the Federal Reserve are preparing for a closely watched interest rate decision, and it is widely believed that the central bank will keep borrowing costs unchanged. Elsewhere, a California federal court temporarily blocked a major merger between Microsoft and Activision Blizzard, while Nvidia's valuation approached more than $1 trillion for the first time.
1. The final countdown to the Fed's decisio...

Apple stock
AAPL notched a new all-time closing high of $183.79 a share. The figure was about a dollar more than the stock’s previous record of $182.86 a share back in January 2022. That’s when Apple became the first company to be worth $3tn. Today, it’s a few billion shy at $2.9bn. Why is that?
Every year, Apple does something called share buyback. In fact, the iPhone maker has spent more than any other c...

US consumer prices rose moderately in May, leading to the smallest annual increase in inflation in more than two years, though underlying price pressures remained strong, supporting views that the Federal Reserve would keep interest rates unchanged on Wednesday (June 14) while adopting a hawkish posture.
The Consumer Price Index (CPI) increased 0.1% last month as gasoline prices fell, the Labor Department said on Tuesday. The CPI gained 0.4% i...

The dollar extends its losses to reach a three-week low after data from the U.S. Labor Department showed inflation eased in May. Headline inflation fell to 4.0% on-year in May from 4.9% in April while core inflation dropped to 5.3% from 5.5%, as expected by analysts in a WSJ survey. The data shows the Federal Reserve "needs to take the summer off now" with respect to monetary policy tightening, Zaye Capital Markets chief investment officer Naeem Aslam...

The 30-stock benchmark is higher by a mere 2% for the year, while its more volatile peers are blasting off.
The Dow Jones Industrial Average eked out a tiny 0.1% gain on Friday to cap a week of thin trading. Wall Street’s blue-chip index has been massively outperformed by its two peers – the S&P 500 and the Nasdaq. While the Dow is up just 2% for the year, the broad-based S&P 500 is up 12%, the tech-focused Nasdaq is higher by 27%.
So why that b...

Most big Wall Street banks expect the Federal Reserve to keep interest rates unchanged on Wednesday, while sticking to its hawkish tone due to a strong job market and elevated inflation.
Several economists say that it is a toss-up between a skip and a hike in the June meeting. Most banks expect the central bank to prepare markets for a hike in July.
Money markets are currently pricing in a more than 70% chance of a pause this month, with r...

Investors prepare for the Federal Reserve's latest interest rate decision on Wednesday, and await the release of major new U.S. inflation data tomorrow. Meanwhile, Goldman Sachs analysts slash their target price for Brent crude yet again as warning signs flash around the post-pandemic recovery of top oil importer China.
1. Fed decision ahead
The Federal Reserve is gearing up to unveil its latest interest rate decision this...

OIL prices declined on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and rising Russian crude supply weighed on the market.
Brent crude futures fell 70 cents, or 0.94%, to $74.09 a barrel by 0647 GMT. U.S. West Texas Intermediate (WTI) crude was at $69.53, down 0.91%.
Both benchmarks posted their second straight weekly de...

Novartis AG 
NVShas agreed to acquire Chinook Therapeutics Inc 
KDNYfor $40 per share in cash, or $3.2 billion. 
The offer represents a premium of 83% to Chinook's 60-day volume-weighted average stock price and 67% to Chinook's closing price on June 9, 2023. 
In addition, Chinook shareholders will receive contingent value rights (CVRs), providing for payment of up to $4 per share upon achieving certain future regulatory milestones for Chino...