Economy

Economy
Economy

Trump wants to cut trade with Spain: the reasons go beyond NATO’s defence spending

US President Donald Trump has reignited his long-running dispute with Spain by threatening to cut off trade with the country over its refusal to back NATO’s new defence spending target. He also broadened his criticism of European allies over their stance on the recent conflict with Iran. Speaking to reporters ahead of a meeting with

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Economy

Oil prices rally after Trump signals ceasefire with Iran has collapsed

Oil prices surged on Wednesday after US President Donald Trump said the ceasefire between the United States and Iran was over, reigniting concerns over supply disruptions in the Middle East and prompting a broad rally in crude markets. West Texas Intermediate (WTI) futures rose 5.69% to $74.45 per barrel, while Brent crude climbed 5.85% to

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Economy

Dow falls 500 points as Trump’s Iran remarks send oil prices higher

US stocks opened lower on Wednesday after President Donald Trump said an interim agreement aimed at ending the conflict with Iran was “over,” triggering a broad risk-off move across global markets as oil prices surged and investors reassessed geopolitical risks. The Dow Jones Industrial Average fell about 509 points, or 0.96%, while the S&P 500

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Economy

Why is Cash Cat price up 1400% today and how high can it climb?

Cash Cat (CASHCAT) has surged by more than 1,400% in the past 24 hours, making it one of the best-performing cryptocurrencies in the market despite a broader crypto selloff. The rally has pushed the meme coin to a new all-time high of $0.1418 before easing to around $0.1202, adding to its 5,530% seven-day gains. What

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Economy

Gold struggles as inflation fears from rising oil prices offset demand

Spot gold and silver traded lower ahead of the market open on Wednesday as renewed tensions between the United States and Iran lifted crude oil prices offsetting the traditional safe-haven appeal of precious metals. At the time of writing, spot gold was trading near $4,074.10 per ounce, down 0.75% on the session, while spot silver

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Economy

Celestica stock is up 125% in 12 months: more upside ahead?

Celestica stock has done well in the past few years, helped by the ongoing artificial intelligence (AI) boom. Its US stock has jumped by 125% in the last 12 months and by over 4,500% in the last five years. Its $40 billion valuation has made it one of the biggest Canadian companies. Celestica stock has

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Economy

Plug Power stock sinks even as turnaround story builds, short interest hits 27.4%

Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45% from their highest level this year and have slipped below the 200-day moving average, while short interest remains elevated despite the company’s ongoing turnaround efforts. Rising short interest despite turnaround measures Plug Power,

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Economy

Oracle shares rose as investors reassess AI-driven sell-off

Oracle Corp. (ORCL) shares gained 1.3% on Monday as investors returned to the stock following a sharp, debt-driven sell-off, amid improving broader market sentiment. The recovery also came as broader market sentiment improved, with the Nasdaq Composite gaining 0.95% and the S&P 500 advancing 0.44%. The move marked a shift in investor sentiment after weeks

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Economy

Tesla stock up 3% today after Thursday’s selloff: what’s behind the rebound?

Tesla stock (TSLA) rose on Monday, recovering some of last week’s sharp losses after investors sold the stock despite a stronger-than-expected second-quarter delivery report. The rebound came as the electric-vehicle maker expanded its robotaxi service to Miami, adding another city to its autonomous ride-hailing network. Shares of Tesla climbed about 3% to $405.11 in early

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Economy

Hyperliquid price outlook: Why HYPE could reach $100

Hyperliquid (HYPE) continues to trade close to its all-time high after posting strong gains over the past month. The token was trading at around $69.84 on July 6, leaving it about 9.6% below its record high of $76.87, which was reached on June 16. Over the past seven days, HYPE has gained 11.5%, while its

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