Brent oil prices fell below $60 per barrel on Tuesday, slipping more than 1.5% as hopes for a Russia-Ukraine peace deal strengthened. Brent crude oil prices dropped under $60 per barrel this morning, marking the first such occurrence in over seven months. Furthermore, the West Texas Intermediate price concluded Monday’s trading at its lowest point
The ARKK ETF stock has done well this year, and is beating other funds like those tracking the Nasdaq 100 and S&P 500 indices. Its total return this year was ~40%, much higher than QQQ and VOO’s 20% and 17.7%. However, the fund remains much lower than its all-time high of $157.98. Its five-year performance
Chinese clean energy hardware maker EcoFlow Technology Inc. is exploring a potential initial public offering in the US, according to people familiar with the matter. If it moves ahead, the listing would stand out at a time when few Chinese companies of comparable size have tested US capital markets. The plans, as reported by Bloomberg,
Two of Wall Street’s most influential technology analysts have laid out aggressive bull-case scenarios for Alphabet and Microsoft. They argued that accelerating artificial intelligence adoption could propel each company toward a $5 trillion market valuation by 2026. While both tech giants are already dominant mega-caps, these analysts contend that the market is still underestimating the
Oil prices plunged with Brent falling below $60 per barrel on Tuesday for the first time in seven months. Prices were under pressure as hopes of a peace deal between Russia and Ukraine dented sentiments. Meanwhile, gold prices were steady after spending most of the day in the red, following the release of the US
US employers added 64,000 jobs in November, data released Tuesday by the US Bureau of Labor Statistics revealed, exceeding economists’ expectations of a gain of 50,000. At the same time, the unemployment rate rose to 4.6%, up from 4.2% a year earlier. The increase in nonfarm payrolls by 64,000 in November followed a revised decline
The IREN stock price made a strong bearish breakout on Monday as it plunged to its lowest level since September this year. It has now erased some of the gains it made a few months ago when it jumped from $5 to $76. This article explores why the IREN share price has crashed and the
The global nickel market is facing a sustained period of oversupply, according to one of the world’s largest nickel producers. Norilsk Nickel, the largest nickel producer in Russia has again revised its estimate for the market surplus upwards, predicting a supply surplus of 200,000 tons for both this year and next. This new estimate for
US stocks edged lower on Tuesday as investors assessed the long-awaited November employment report. The S&P 500 slipped 0.1%, the Nasdaq Composite declined roughly 0.2%, and the Dow Jones Industrial Average traded near unchanged. The development came as the investors finally digested the latest jobs report, which hit the wires just moments ago. The key
Juventus Football Club shares rose sharply after Exor, the Agnelli family’s holding company, rejected an unsolicited takeover proposal from cryptocurrency issuer Tether, underscoring growing financial-sector interest in elite European football clubs. Shares in the Turin-based club climbed 13% in European morning trading on Monday, recovering some of their losses earlier in the year. Despite the