Economy

Economy
Economy

Dow Jones slips 40 points, S&P gains as ceasefire hopes lift stocks

Wall Street’s main indexes were subdued on Friday as investors weighed largely in-line inflation data against persistent geopolitical risks stemming from the Middle East conflict. Major indexes edged higher in early trading, with the S&P 500 up around 0.28%, the Nasdaq 100 gaining 0.43%, and the Dow Jones Industrial Average was down 40 points or

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Economy

Bund yields edge higher as oil surge stirs ECB bets

. Euro zone government bond yields were on course for a weekly increase, even after experiencing their steepest drop in years earlier this week. The move comes as geopolitical tensions surrounding a ceasefire between the United States and Iran continue to show signs of strain, keeping markets on edge. Borrowing costs across the region largely

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Economy

US inflation hits 3.3% as energy prices surge, but core inflation stays subdued

Consumer prices in the United States accelerated sharply in March as rising energy costs linked to the Iran conflict pushed inflation further away from the Federal Reserve’s target, even as underlying price pressures remained relatively contained. Data released by the Bureau of Labor Statistics showed the consumer price index rose 0.9% on a seasonally adjusted

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Economy

Fuel protests disrupt Ireland as Iran war sparks price shock

Protests over rising fuel prices in Ireland have entered their fourth consecutive day, triggering widespread disruption across the country Demonstrators have blockaded three of Ireland’s primary refineries and fuel terminals, leading to supply shortages and bringing traffic in Dublin to a standstill. The protests have been largely driven by farmers, agricultural contractors, and road haulage

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Economy

Hubspot stock has formed an alarming pattern despite solid fundamentals

Hubspot stock price has been in a strong downward trend since February last year, shedding billions of dollars in value as its market capitalization dropped from over $40 billion to $12 billion today. This retreat may continue as the stock has formed a large inverted cup-and-handle pattern. Hubspot stock price has formed a large bearish

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Economy

Soaring Corning stock price faces two major risks

Corning stock price has gone bonkers in the past few years and is now trading at its highest point on record. GLW jumped to a record high of $165, which is about 590% above the lowest level in 2023. This surge has pushed its market capitalization to over $141 billion. Corning stock becomes expensive amid

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Economy

CoreWeave stock rises as $21B Meta AI cloud deal boosts outlook

Shares of CoreWeave rose on Thursday after the company announced an expanded long-term agreement with Meta Platforms valued at approximately [MONEY value=”21000000000″ currency=”usd” notation=”long” replace=”false”], underscoring strong demand for artificial intelligence infrastructure. The deal extends CoreWeave’s role as a cloud provider for Meta’s AI initiatives through December 2032, building on an earlier agreement signed last

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Economy

PEPE falls despite Canary Capital filing for ETF with US SEC

PEPE, the native token of the Pepe ecosystem, is down 6% in the last 24 hours and is trading below $0.0000035 at the time of writing on Thursday.  The meme coin’s price action remained muted despite Canary Capital filing an S-1 registration with the US Securities and Exchange Commission (SEC) on Wednesday to launch a

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Economy

Sterling edges up as Middle East tensions steer market sentiment

The British pound edged higher against the US dollar on Thursday, retaining most of the gains recorded in the previous session following a ceasefire agreement between the United States and Iran. However, uncertainty surrounding the durability of the deal limited further upside in sterling. The pound was last trading 0.1% higher at $1.3407, remaining well

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Economy

Nio stock price set to surge as golden cross, cup & handle forms

Nio stock price has soared in the past few months, moving from a low of $4.35 in February to the current $6.38. This rally may continue as the stock formed the highly bullish cup-and-handle pattern, which often leads to more gains. Nio stock technical analysis points to more upside  The daily chart points to more

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