US stocks opened lower on Thursday, reversing the previous session’s gains as investors remained cautious about developments in the Middle East and the uncertain path toward de-escalation. Dow Jones Industrial Average fell 256 points, or 0.5%, while the S&P 500 index declined 0.7% and the Nasdaq 100 index dropped 1%. The pullback comes after Wall
The landmark jury verdict in Los Angeles that has delivered a blow to two of the world’s most influential digital platforms, is widely being seen as a potential turning point in the long-running debate over the social and psychological impact of digital platforms, particularly on children and teenagers. More importantly, the verdict has punctured the
Gold prices took a more than 2% hit on Thursday as crude oil’s climb back above $100 a barrel sparked fresh inflation fears, leading investors to largely discount the possibility of US interest rate cuts this year. Meanwhile, silver on COMEX also plunged nearly 7%, pressured by rising Treasury yields and a firmer dollar. Both
US jobless claims rose slightly last week, suggesting that while hiring has slowed, employers are still holding back from large-scale layoffs in an increasingly uncertain economic environment. Data released by the Labor Department showed that initial claims for unemployment benefits rose to 210,000 in the week ending March 21, up from 205,000 a week earlier.
Three and a half weeks after the Strait of Hormuz’s closure, a clear divergence is emerging in global oil flows, with crude shipments plummeting to historic lows while clean product loadings surge, particularly from the Atlantic Basin, as traders capitalise on price dislocations to resupply markets, according to a Vortexa analysis. The Middle East Gulf
Bitget, the world’s first Universal Exchange (UEX), today launched the UEX Switch Campaign, a market-wide call to action for traders to move away from fragmented, single-asset platforms to a single account that captures opportunities across crypto and global markets. The campaign follows Bitget’s app upgrade, which places crypto and TradFi products alongside each other on
Bhutan has continued to reduce its Bitcoin exposure in March, moving fresh funds from a state-linked wallet. Data tracked by Arkham shows the latest transfer took place on Wednesday, adding to a series of transactions that have steadily lowered the country’s holdings since late 2024. The move highlights how Bhutan is actively managing its digital
Wall Street opened higher on Wednesday as hopes of a potential de-escalation in the Middle East conflict boosted investor sentiment and eased concerns over energy supply disruptions. The Dow Jones Industrial Average index rose 1.17% or 538 points, while the S&P 500 and Nasdaq 100 gained around 1.03% and 1.08%, respectively. Small-cap stocks also advanced,
Shares of Robinhood Markets rose 7% on Wednesday after the company approved a $1.5 billion share repurchase program, signaling confidence in its long-term growth prospects despite recent volatility. The announcement comes at a time when the stock has faced pressure amid broader weakness in equities and crypto markets, even as the company continues to expand
Meta Platforms stock price has dropped into a technical bear market after falling by over 25% from its highest point last year. It dropped to $592 on Thursday, its lowest level since November 24. Meta Platforms stock dips amid elevated AI spending Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has tumbled in