US stocks opened lower on Tuesday as a technology-led selloff accelerated, with semiconductor and artificial intelligence-related stocks coming under renewed pressure. The Dow Jones Industrial Average fell 326 points. The Nasdaq Composite dropped 2.2% while the S&P 500 was down 1.5%. The weakness followed Monday’s session, when the Nasdaq Composite fell 1.3%, weighed heavily by
SpaceX stock price has suffered a major crash a few days after it launched the biggest initial public offering (IPO) on record. SPCX tumbled to $154, down sharply from its all-time high of $225.80. As a result, Elon Musk’s net worth has tumbled by $300 billion, and he may soon lose his trillionaire status. Elon
AMZN kicked off its 12th annual Prime Day event on Tuesday, launching a four-day shopping extravaganza featuring millions of deals across more than 35 countries. For the e-commerce giant, Prime Day has become one of the most important events on the retail calendar, driving a surge in online spending and offering insights into consumer behaviour.
Alcohol companies have had fewer reasons to say “cheers” in recent years. Volumes have been falling, and the entire business model is undergoing a structural shakeup as younger people drink less. The downturn has been driven by a mix of structural and cyclical forces. Younger consumers are drinking less, inflation has squeezed discretionary spending, and
The crypto market remained in a consolidation mode on Sunday as demand waned following last week’s hawkish Fed decision. Bitcoin was trading at $64,400, up by 1% in the last 24 hours, while the market capitalization in the industry rose by 0.64% to $2.2 trillion. This article looks at key coins, including Aerodrome Finance (AERO),
The USD/JPY exchange rate continued its strong rally last week, reaching its highest point since 1986. It peaked at 161.81, up by 15% from its lowest level in May last year, putting investors on edge as they wait for the next actions by the Bank of Japan (BoJ). USD/JPY jumps after the hawkish Fed The
The S&P 500 Index remained under pressure last week after the Federal Reserve delivered a highly hawkish interest rate decision. It also wavered as investors reacted to the new ceasefire between the US and Iran, which drove energy prices lower. This article looks at some of the key catalysts for S&P 500 and the key
Commerzbank AG has revised its crude oil and European gas price forecasts downward following the US–Iran agreement to reopen the Strait of Hormuz, citing expectations of increased supply flows in the coming months. Norman Liebke, FX and commodity analyst at Commerzbank AG, said the pact marks a turning point for energy markets, though the pace
The next phase of tokenized real-world assets is no longer just about bringing traditional financial products onto blockchain rails. It is about rebuilding them for the way crypto traders actually trade: faster, sharper, more tactical, more global, and far more expressive. That is the vision behind SHIFT’s launch of SPCX2L Series, the first 2X leveraged
Apple Inc. shares are drawing fresh investor attention after Chief Executive Tim Cook signaled that rising memory and storage costs could force the company to increase product prices, raising questions about how it will affect consumer demand. Cook told The Wall Street Journal that escalating component costs tied to AI-driven demand for semiconductors have made