Business

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Business

RKLB stock suffers a brutal reversal as a bullish pattern begins to take shape

Rocket Lab stock price has pulled back from its all-time high as the recent rally takes a breather. RKLB dropped to $104 on Tuesday, down by 31% from its highest point this year. This pullback has led to a $27 billion wipeout as its market cap has fallen from $87 billion to $60 billion today.

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Business

SoFi stock shows bottoming signs after suffering a $17 billion wipeout

SoFi stock is going through a rough patch that has seen its valuation drop from nearly $40 billion in November last year to $22.7 billion today. It has slipped by 32% this year, while popular US indices like the Nasdaq 100 and S&P 500 have jumped by double digits.  SoFi Technologies’ retreat could either create

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Business

Circle stock at risk as it faces a major triple whammy of headwinds

Circle Internet Group stock price has pulled back in the past few days, moving from a high of $138.5 in May to the current $79.72. This CRCL pullback may continue in the near future as it faces a triple-whammy of weak technicals, falling USDC supply, and US government yields.  Circle stock price has formed a

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Business

US retail sales rise 0.9% in May, surpassing market expectations

US retail and food services sales increased in May 2026, reflecting continued strength in consumer spending and exceeding market expectations, according to advance estimates released by the US Census Bureau. The Census Bureau reported that advance estimates of retail and food services sales, adjusted for seasonal variation and holiday and trading-day differences but not for

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Business

Inveniam, Docugami partner to verify private asset data on-chain

Inveniam and Docugami have announced a partnership aimed at improving the verification and transparency of private-market data, combining document intelligence technology with blockchain-based data attestation. The collaboration will see Docugami open its Document Graph Markup Language (DGML) technology while Inveniam anchors the extracted data on its NVNM Chain blockchain network. The companies said the initiative

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Business

Dow opens 50 points higher as investors await Fed decision, chip stocks rise

US stocks opened slightly higher on Wednesday as investors awaited the Federal Reserve’s latest monetary policy decision and monitored developments in the Middle East that continued to influence oil prices and broader market sentiment. The Dow Jones Industrial Average was up by 50 points. The S&P 500 gained 0.11% while the Nasdaq Composite rose 0.28%.

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Business

Deutsche Bank lifts Micron PT to $1,500 with 47% upside as earnings loom

Micron Technology (MU) shares rose in trading on Wednesday. The gains came as Deutsche Bank became the latest Wall Street firm to raise its price target on the memory-chip maker, citing persistent supply constraints and surging demand from artificial intelligence applications. The stock gained 2.4% on Wednesday after falling more than 6% in the previous

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Business

AST SpaceMobile stock rises after SpaceX launches BlueBird satellites

AST SpaceMobile (ASTS) shares moved higher on Wednesday after the company successfully launched three of its largest communications satellites aboard a SpaceX Falcon 9 rocket. The launch marked an important milestone in its effort to build a space-based cellular broadband network. The launch sent BlueBird 8, 9, and 10 into orbit from Cape Canaveral Space

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Business

Broadcom stock rises as JPMorgan backs AI growth, sees 54% upside

Broadcom (AVGO) shares moved higher on Wednesday as investors returned to semiconductor stocks and analysts at JPMorgan reiterated their bullish outlook on the chipmaker. The bank argued that the market continues to underestimate the company’s long-term artificial intelligence opportunity. The stock rose 5.17% during trading. The rebound followed a difficult month for Broadcom shares, which

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Business

Gold price forecast: can bullion hit $4,500 as Citi turns more bullish?

Gold steadied near a more than one-week high on Tuesday as investors waited for details of the preliminary US-Iran agreement that has cooled oil prices and revived hopes that inflation pressure may ease. Spot gold was little changed around $4,315 an ounce after Monday’s sharp rally, while August futures slipped. The metal remains supported by

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