Software stocks are showing early signs of recovery after months of heavy selling, with analysts debating whether the sector has reached a lasting bottom. The S&P 500 software index logged its strongest weekly performance since May 2025 last week, while the iShares Expanded Tech-Software Sector ETF (IGV) has rebounded about 10% from its February low.
A cross-party parliamentary committee in the UK has called for an immediate halt to cryptocurrency donations to political parties. It warned that existing safeguards are not strong enough to prevent risks to national security and democratic integrity. In a report published on Wednesday, the Joint Committee on the National Security Strategy urged the government to
US stock opened lower on Wednesday after hotter-than-expected inflation data and rising oil prices dampened investor sentiment ahead of the Federal Reserve’s policy decision. Dow Jones Industrial Average fell about 169 points, or 0.36%, while S&P 500 fell 0.31% and Nasdaq 100 declined roughly 0.26%. The cautious tone followed a stronger-than-expected reading on wholesale inflation,
US wholesale inflation accelerated to its highest level in a year in February, adding to concerns that price pressures remained high even before the Iran war began. Data released by the US Labor Department on Wednesday showed the producer-price index (PPI) rose 0.7% month-on-month, up from 0.5% in January and well above economists’ expectations of
Shares of Starbucks came under pressure after RBC Capital Markets downgraded the coffee giant, citing rising labor costs, elevated investor expectations, and uncertainty around margin improvement. The brokerage cut its rating to “Sector Perform” from “Outperform” while maintaining a price target of $105, implying modest upside from current levels. Starbucks shares fell 0.9% to $96.69
Amazon is stepping up its push into ultrafast delivery, rolling out one-hour and three-hour shipping options across parts of the US as competition in rapid fulfilment intensifies. The company announced on Tuesday that three-hour delivery is now available in approximately 2,000 cities and towns, while one-hour delivery has been launched in hundreds of those locations.
Bitget, the world’s largest Universal Exchange, is expanding its spot market with a new batch of Ondo Global Markets tokenized securities, bringing major US equities, index ETFs, and precious metals into a single trading environment alongside digital assets. The rollout adds a new layer to Bitget’s multi-asset model, allowing users to trade crypto and traditional
XPeng stock price has rebounded in the past few days, with its US ADR rising from $15.35 on March 3 to the current $20. This recovery will be put to the test this week when it publishes its financial results later this week. XPeng to publish its financial results this week XPeng, a top Chinese
Nvidia (NASDAQ: NVDA) moved higher in the pre-market trading on Tuesday after CEO Jensen Huang used the company’s GTC keynote to deliver a bigger-than-expected view of the AI infrastructure market. Jensen’s remarks were echoed by the prominent analysts, with Wedbush’s Daniel Ives emphasizing that Nvidia remains at the center of what he sees as a
PDD Holdings stock price remains under pressure this week as traders focus on the upcoming financial results. Its ADR was trading at $103 on Monday, down by 37% from its highest level in May. So, will the stock rebound now that it has become a bargain? PDD Holdings has become a bargain ahead of earnings