US dollar steadies ahead of CPI as oil surge pressures global currencies
The US dollar remained supported on Tuesday after benefiting from a risk-averse market environment at the start of the week. Investors also turned
Investing
Economy
JPMorgan posts record Q2 profit as trading, investment banking revenue surge
JPMorgan Chase reported record second-quarter profit on Tuesday, helped by robust investment banking activity and a sharp jump in trading revenue as volatile
Economy
Figma stock forms a rare double-bottom pattern: is a rebound coming?
Figma stock has staged a modest comeback in the past few days, moving from a record low of $16.80 to the current $23.65.
Economy
IBM shares fall 23%: CEO says Q2 earnings fell short as customers spent more on AI
International Business Machines shares plunged more than 23% on Tuesday, marking their steepest single-day decline in decades after the technology company released preliminary
Economy
Gold recovers after two-week low as softer US CPI boosts Fed outlook
Gold prices recovered strongly on Tuesday, reversing losses from a sharp sell-off as cooler-than-expected US inflation data reinforced expectations. The precious metal had
Economy
Oracle stock drops below crucial support as its bond yields jump: now what?
Oracle stock continued its strong freefall this week, reaching its lowest level since April last year. ORCL has slumped by over 62% from
Economy
US CPI falls sharply in June as energy prices tumble, but relief may be shortlived
US consumer prices recorded their biggest monthly decline in more than six years in June as a sharp drop in energy prices provided
Economy
New York Times is not ‘failing’: Here’s why its stock may surge soon
The New York Times’ stock has pulled back into a local correction, retreating from its year-to-date high of $87.18 to $75. The decline
Economy
Nasdaq rises as soft CPI eases Fed fears, IBM plunges over weak outlook
US stocks opened higher on Tuesday after softer-than-expected June inflation data reduced expectations of an immediate Federal Reserve rate hike. Investors also assessed
Economy
Citigroup stock rises after reporting strong Q2 results driven by trading and growth
Citigroup beat Wall Street estimates for second-quarter profit after reporting its highest quarterly revenue in a decade, as strong trading activity and higher