Adobe heads into its first-quarter earnings report later on Thursday with its stock down roughly 18% so far this year. Amid booming valuations in the AI space, Adobe’s stock below average performance has made the upcoming earnings a test of investor confidence. The company is scheduled to release results after the Wall Street closing bell,
US stocks declined Thursday as oil prices extended their rally amid escalating conflict involving Iran and growing concerns about disruptions to global energy supplies. The Dow Jones Industrial Average dropped 547 points, or 1.2%. The S&P 500 fell around 1%, while the Nasdaq Composite declined 0.9%. The market weakness came as crude oil continued to
BlackRock is widening its presence in digital asset markets with the launch of a new exchange traded product tied to Ethereum staking. The asset manager on Thursday introduced the iShares Staked Ethereum Trust ETF, listed on Nasdaq, giving investors exposure to spot Ether while also generating income through staking rewards. The product, called ETHB, adds
Less than a month after the US Supreme Court knocked down a key part of his earlier tariff strategy, President Donald Trump is back with a new trade agenda. The Trump-led US administration has opened fresh Section 301 investigations into the practices of 16 major trading partners. The development matters for US businesess and consumers
Nutrien stock price has staged a strong comeback, reaching its highest point since September 2022. It jumped to $82, up by 100% from its lowest point during the pandemic, with the rally accelerating amid the ongoing Iran war. This surge has pushed its market capitalization to over $38 billion. It may continue rising after forming
Grvt (pronounced “Gravity”), a privacy-focused decentralized exchange powered by its zero-knowledge appchain on zkSync, has announced the timeline for its Token Generation Event (TGE) along with an expanded community token allocation ahead of launch. Season 2 will conclude on June 30, 2026, with the $GRVT TGE expected shortly afterwards. At launch, the token will be
The Financial Action Task Force has warned that crypto platforms operating offshore are creating blind spots for regulators that allow criminals to exploit gaps in global oversight to move illicit funds and evade sanctions. In a new report titled Understanding and Mitigating the Risks of Offshore Virtual Asset Service Providers, the global anti-money laundering watchdog
Oil majors are in the spotlight as the effective closure of the Strait of Hormuz forces traders to reprice supply risk, sending benchmark crude sharply higher and pushing selected energy stocks toward fresh highs. With tankers avoiding one of the world’s most vital chokepoints and maritime traffic reportedly down about 80%, investors are rotating into
US consumer prices rose moderately in February, suggesting inflation remained contained before a recent surge in energy prices triggered by the conflict involving Iran, according to government data released on Wednesday. The Consumer Price Index increased 0.3% in February after rising 0.2% in January, the Labor Department’s Bureau of Labor Statistics said. The reading was
Amazon’s autonomous vehicle company Zoox is preparing to bring its self-driving vehicles to the Uber app in Las Vegas this summer. The partnership allows riders to request Zoox vehicles directly through Uber while the company continues operating its own app. The collaboration reflects growing momentum around autonomous mobility as technology firms and transport platforms compete