Bitcoin (BTC) has charged back above the $72,000 threshold – igniting a fresh wave of optimism across the cryptocurrency market. The sudden surge followed an unexpected liquidity decision by the US Treasury Department that catalyzed risk assets and sparked renewed fears over currency debasement. Reacting to the sudden price movement, Matthew Sigel – the Head
US stocks closed higher on Wednesday as falling Treasury yields improved risk appetite, while a sharp rally in Moderna shares boosted the healthcare sector. The Dow Jones Industrial Average rose 0.22%, or 119.71 points, while the S&P 500 gained 0.22% and the Nasdaq Composite advanced 0.16%. The gains moderated during the session after the major
Dogecoin (DOGE) maintains a neutral-to-slightly bearish outlook on Tuesday as the largest meme coin holds just below the critical $0.070 support level. Defending this area could encourage traders to increase their exposure and improve the prospects of a short-term recovery. However, several moving averages remain above the current price, highlighting the significant resistance DOGE must
China’s economic recovery lost momentum in July, with consumer spending, investment and industrial production all coming in weaker than expected, raising pressure on Beijing to introduce additional measures to support growth in the second half of the year. Retail sales increased 0.6% from a year earlier, according to data from the National Bureau of Statistics
N Chandrasekaran’s decision not to seek another term as chairman of Tata Sons has triggered one of the biggest leadership questions in Indian corporate history, opening the door to a succession battle at a time when the 158-year-old conglomerate is navigating some of its most ambitious and capital-intensive projects. Tata Sons, which is the holding
Intuitive Machines Inc. LUNR shares rallied sharply on Friday after multiple Wall Street analysts shifted their focus from the company’s second-quarter earnings miss to its rapidly expanding order backlog, arguing that the long-term growth outlook remains intact. The stock climbed about 8.14% to $18.99 during Friday’s session after Stifel upgraded the lunar exploration company to
US stocks ended lower on Friday as investors locked in profits following a record-setting rally, while weaker-than-expected retail sales data and renewed pressure on semiconductor shares weighed on sentiment. The S&P 500 fell 0.2% to close at 7,785.76 after setting fresh record highs earlier in the week. The Nasdaq Composite also declined 0.3% to 26,729.16,
Workday (WDAY) shares closed meaningfully higher on Thursday following a Reuters report that the private equity giant Silver Lake is in discussions to acquire the cloud software provider. Talks between the two firms have reportedly taken place behind closed doors in recent months. The media report brought a much-needed reprieve to Workday stock that’s been
Palantir Technologies (PLTR) shares fell 3% on Wednesday as investors rotated out of software stocks and back into semiconductor and networking companies following another round of strong earnings that reinforced confidence in artificial intelligence infrastructure spending. The decline came as software stocks broadly underperformed. Microsoft, Salesforce, ServiceNow and Workday also traded lower, while chipmakers and
Foreign investors continued pulling money from Asian equities in July, but the headline outflow masks a striking shift underneath: capital moved away from the region’s biggest AI winners while selectively returning to markets with less dependence on the semiconductor boom. Investors sold a net $25.48 billion of shares across seven major Asian markets during the