Economy

Economy
Economy

US stocks see biggest exit since March: is Wall Street’s rally at risk?

US stock funds saw their biggest weekly exit since March, raising fresh questions about the strength of Wall Street’s rally. Investors pulled $17.2 billion from US stock funds in the week through July 1, according to Bloomberg, citing Bank of America strategists led by Michael Hartnett and EPFR Global data. The move does not signal

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Economy

From a dental office basement to a trillion dollars: Is Micron the next Nvidia?

The chip that could make or break Wall Street’s confidence in artificial intelligence no longer lives inside a flashy graphics processor. Increasingly, it sits inside a memory module, and it is made by a company that started life in a Boise, Idaho, dental office basement in 1978. For most of its four-decade existence, Micron Technology

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Economy

Americans’ revolt against data centers is growing: how it could disrupt the AI trade

The artificial intelligence boom has a people problem, and it is getting worse faster than most investors have noticed. While Wall Street has spent the better part of three years fixating on chip stocks, hyperscaler spending, and the relentless march of AI valuations, a less glamorous drama has been unfolding in suburban town halls, county

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Economy

Can Nvidia regain its momentum in the second half of 2026?

Nvidia enters the second half of 2026 facing growing pressure to defend both its market leadership and investor confidence. While the company remains the world’s largest by market capitalisation, its stock has lagged several semiconductor peers this year as investors broaden their focus across the artificial intelligence (AI) supply chain. The company continues to benefit

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Economy

Is there an earnings bubble? AI boom fuels debate over US stock valuations

As US stocks continue to trade near record highs, investors are once again debating whether markets have entered bubble territory. Elevated valuations and persistent geopolitical tensions have fueled concerns that equities may have become disconnected from fundamentals. Increasingly, however, market strategists argue that the more important question is not whether there is a stock market

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Economy

Stoxx 600 hits record high: BofA raises year-end target to 630

Europe’s benchmark STOXX 600 index climbed to a record high of 653.19 on Friday before easing to trade around 652.66, putting it on track for its biggest weekly gain in more than a month. European equities are drawing a more constructive read from Wall Street, with several major brokerages revising their targets upward in recent

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Economy

Has US dollar’s winning trade just hit its biggest wall in months?

The dollar’s rally is running into resistance as traders scale back some of the more aggressive Federal Reserve rate-hike bets that had powered the greenback higher. A softer US labour-market signal helped trigger the shift, but the move is now broader than one data point. The euro and sterling are gaining ground, commodity-linked currencies are

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Economy

Oil prices edge higher as weak US jobs data weighs on dollar

Global oil prices traded cautiously higher on Friday, supported by a weaker US Dollar, even as easing geopolitical concerns in the Middle East continued to cap gains. Brent crude hovered around $72.10 per barrel, while West Texas Intermediate (WTI) traded near $68.83 per barrel, with crude prices recovering modestly after recent declines ahead of the

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Economy

Solana breaks above $80 as institutional push lights up SOL rally

Solana has climbed back above $80 for the first time since early June after a series of ecosystem-specific developments fueled fresh buying interest throughout the week. According to CoinGecko data, Solana (SOL) traded around $81.12 on July 3 after gaining more than 18% over the past seven days.  The rally pushed the token above the

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Economy

Trump bought Nvidia, Google among 327 stocks before tariff U-turn rally

US President Donald Trump’s investment accounts bought hundreds of stocks on April 8, 2025, one day before he paused part of his “Liberation Day” tariff plan and triggered one of Wall Street’s biggest rallies in years. The sequence, revealed in newly released financial disclosures analyzed by CNBC, has drawn fresh scrutiny because the trades came

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