Economy

Economy
Economy

TRUMP and WLFI tokens plunge as Trump’s approval rating sinks to a new low

Crypto tokens associated with President Donald Trump are plunging this weekend as his approval rating sinks to a new low. Official Trump (TRUMP) meme coin dropped to $2.488, down by 32% from its highest level on Saturday.  WLFI and TRUMP tokens have slumped Similarly, the WLFI token dropped to $0.057, down sharply from the weekend

Read More
Economy

Here’s why the Bloom Energy stock is losing momentum despite its growth

Bloom Energy stock has slumped sharply in recent weeks, falling from its year-to-date high of $350 to around $200. The stock has declined for seven consecutive sessions, reaching its lowest level since August 3. Its technical indicators suggest that further downside may be ahead, while persistent valuation concerns continue to weigh on investor sentiment. Bloom

Read More
Economy

SpaceX stock rises as Starlink nears 11,000 satellites in orbit

SpaceX SPCX shares gained 1.4% on Friday as investors weighed the rapid expansion of its Starlink satellite network, upcoming share unlocks and the company’s significant capital spending requirements. The stock had fallen 3% on Wednesday and declined 4.1% on Thursday as another 319 million shares held by employees, early investors and other insiders became eligible

Read More
Economy

Nvidia stock dubbed ‘top pick’ ahead of Q2 earnings

Nvidia (NVDA) stock is in focus on Friday after BMO Capital Markets said the chipmaker remains a “top pick” for those seeking exposure to the global artificial intelligence (AI) buildouts.   Analyst Harsh Kumar announced an Outperform rating and $340 price target on the semiconductor behemoth heading into its fiscal Q2 earnings set to be

Read More
Economy

Evening digest: Samsung buybacks rise as Bitcoin, oil rally

On Friday, Samsung Electronics outlined a potential record shareholder payout as AI-memory demand boosts cash generation. Bitcoin extended its strongest weekly rally in more than two years. Oil prices climbed as fresh US sanctions threats against Iran raised concerns about further supply disruptions. Gold also surged to a more than three-month high as Treasury buybacks

Read More
Economy

Dow closes 500 pts higher as Wall Street rebounds from Treasury yield-driven sell-off

The Dow Jones Industrial Average rose nearly 1% on Friday as US stocks recovered from a sharp sell-off in the previous session, while investors continued to monitor elevated Treasury yields, oil prices and tensions in the Middle East. The S&P 500 and Nasdaq Composite also gained, although all three major indexes ended the week lower

Read More
Economy

Bitcoin surges past $76K as buyers pile in: is real demand taking over now?

Bitcoin surged above $76,000 on Friday, extending a powerful rebound as signs of returning institutional and spot demand began to replace the short squeeze that initially drove prices higher. Bitcoin traded around $76,478 during the European morning, building on a rally that accelerated after the US Treasury expanded long-dated bond buybacks and Washington delivered fresh

Read More
Economy

Crypto rally today: Why are XRP, Dogecoin, Cardano, Pepe going up?

A crypto rally is happening this week, with top tokens like XRP, Dogecoin, Cardano, and Pepe going up by over 10% in the last seven days. XRP price rose for three consecutive days, reaching a high of $1.3433, its highest level since May 30th and by 31% above its lowest level this month. Dogecoin (DOGE)

Read More
Economy

Ethereum gains 25% as ETF demand strengthens after record $3B short wipeout

Ethereum continued its strong rally Friday as institutional inflows, renewed derivatives activity, and whale accumulation supported prices following a historic wave of short liquidations. ETH has climbed approximately 25% since Wednesday, pushing above several major technical indicators and bringing the $2,431 resistance level into focus. Ethereum’s rally comes as Bitcoin added 21% to its value

Read More
Economy

HYPE price explodes 20% as Hyperliquid moves closer to the US market

Hyperliquid’s HYPE token has gained 19.6% over the past 24 hours to trade near $70.44 on Aug. 20, after briefly pushing above $72 during a sharp rally triggered by fresh signs of a possible regulated US entry. CoinGecko data showed HYPE had risen from a close to $58 over the previous 24 hours, with most

Read More