SaaSpocalypse – a fear-driven sell-off where investors worried artificial intelligence (AI) would cannibalize traditional software-as-a-service providers – is finally hitting a wall. While the iShares Expanded Tech-Software ETF (IGV) remains down for the year, a powerful 14% surge over the last month suggests a structural turnaround. According to JPMorgan technical strategist Jason Hunter, the software
Plug Power stock price has recoiled in the past few days, moving from the year-to-date high of $3.45 to the current $3.13. This pullback has ended a relatively strong rally that pushed it from a low of $1.73 to the year-to-date high of $3.42. Plug Power to publish its earnings on May 11 Plug Power,
Intesa Sanpaolo beat first-quarter expectations, with stronger fees and a sharp rise in trading income helping Italy’s biggest bank offset softer lending trends and keep its annual profit target intact. ISP stock fell about 2% after the results as investors weighed the outlook for lending income in a lower-rate environment. The lender reported net income
Tilray Brands stock price crashed to its lowest level since August last year despite the recent US policy change that opened the door to its expansion in the country. TLRY dropped to $5.6, much lower than the year-to-date high of nearly $10. This article explores some of the top reasons why the stock has plunged.
Gold was little changed on Friday, holding near a two-week high as investors awaited US labour-market data that could offer the clearest signal yet on the Federal Reserve’s policy path. A softer dollar and lower oil prices helped limit downside, while persistent tensions in the Middle East continued to support haven demand. The metal was
Wall Street traders are embracing a new market catchphrase as investors increasingly lose confidence that tensions in the Strait of Hormuz will ease in the near future. The latest acronym making the rounds on trading desks is “NACHO” — short for “Not A Chance Hormuz Opens” — a term that reflects growing doubts that repeated
The US labour market delivered stronger-than-expected job growth in April, signalling continued resilience despite mounting concerns over trade tensions, artificial intelligence-driven job cuts and rising energy costs. Data released by the Bureau of Labor Statistics on Friday showed nonfarm payrolls increased by a seasonally adjusted 115,000 jobs last month, exceeding economists’ expectations for a gain
US equities advanced on Friday after a stronger-than-expected April jobs report reinforced confidence in the resilience of the labor market. The Dow Jones Industrial Average rose 208 points, or 0.4%, while the S&P 500 gained about 0.5% and the Nasdaq Composite advanced roughly 0.6%. Investors entered Friday’s session weighing a stronger-than-expected April payrolls report against
Starknet’s price has surged nearly 35% in the past 24 hours, reaching intraday highs of $0.061, with this coming amid a 400% spike in daily volume. Gains have pushed the STRK token’s price to a robust 71% uptick over the past month, mirroring renewed interest in privacy-focused assets. Notably, the upward trajectory mirrors strong performances
Shares of Advanced Micro Devices (AMD) surged sharply on Friday, rebounding from losses in the previous session. At the time of writing, the stock was up around 7% to trade at $436. Investor sentiment improved following stronger-than-expected US jobs data and continued enthusiasm around the chipmaker’s artificial intelligence outlook. AMD shares extended their recent rally