Gold has dropped below $4,000 an ounce, but Wall Street is not giving up on every corner of the gold trade. Spot bullion slipped to a seven-month low near $3,981, pressured by a stronger US dollar and rising expectations that the Federal Reserve may keep rates higher for longer. That is usually bad news for
Qualcomm has set out an ambitious growth target for its data centre business, forecasting $15 billion in sales from the segment by 2029 as it accelerates efforts to diversify beyond its core smartphone chip business. The company said that, alongside a broader expansion of its artificial intelligence strategy, it helped lift its shares more than
The US Dollar Index edged lower on Thursday after rising for three straight sessions and touching its highest level in 13 months, as investors turned their attention to a heavy slate of US economic data and ongoing geopolitical tensions. The US Dollar Index, after rising to 101.80 on Wednesday, eased in early Thursday trade but
MemeCore’s M token has plunged more than 76% over the past 24 hours, extending its collapse to about $0.68 and erasing nearly $3 billion in market value as fresh scrutiny has returned to the project’s tokenomics, liquidity, and exchange listings. According to Coingecko price data, M traded at about $0.68 on June 25 after dropping
London’s benchmark stock indexes fell to more than one-week lows on Tuesday, pressured by global market weakness, rising expectations of interest rate hikes, and renewed political uncertainty in Britain after Prime Minister Keir Starmer’s resignation. The blue-chip FTSE 100 dropped 0.7% by 0919 GMT to its lowest level since June 12, while the domestically focused
Wall Street’s Tuesday setup is no longer just about oil or geopolitics. Nasdaq futures were pointing to a sharp selloff before the bell as investors questioned whether the AI trade can keep absorbing higher borrowing costs and debt-funded spending. The pressure followed a global equity slide, with Europe and Asia pulled lower after Monday’s tech-led
Financial markets sent mixed signals on Tuesday as hopes of a diplomatic breakthrough between the United States and Iran eased concerns about Middle East supply disruptions, dragging oil and gold lower. Yet investors remained deeply uneasy about another issue entirely: the mounting costs of the artificial intelligence boom. While commodities linked to geopolitical risk retreated,
Rocket Lab stock price has slipped in the past few weeks as investors book profits following the spectacular rally that happened before the SpaceX IPO. RKLB dropped to the key support level of $100, even after it entered the exclusive Nasdaq 100 Index. Still, there are some reasons why it will eventually rebound. Rocket Lab
Shares of IBM climbed nearly 5% in premarket trading on Tuesday after JPMorgan upgraded the technology company, citing increasing confidence in its software business and potential benefits from growing artificial intelligence adoption. JPMorgan analyst Brian Essex upgraded IBM to Overweight from Neutral and raised his price target to $291 from $270. The analyst said expectations
Meta Platforms is facing fresh regulatory pressure in Europe as the European Union prepares to escalate its investigation into whether Facebook and Instagram use design features that are addictive to children. The developments place Meta at the centre of two major stories at once. In Europe, the company is facing closer scrutiny over the impact