The United States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products stranded at sea, drawing criticism from Germany and other European allies on Friday, but approval from Moscow. The waiver, which will last till April 11, according to US Treasury Secretary Scott Bessent, was intended to stabilise global energy
US stocks opened in green on Friday after oil prices displayed some sign of easing, and officials from the Trump administration signalled that the Strait of Hormuz blockade will not be a long-term problem. The Dow Jones Industrial Average climbed 301 points, or 0.7%, while the S&P 500 added 0.5%, with the Nasdaq Composite also
The S&P 500 Index remains under pressure this week, continuing a slow downtrend that started in January when it peaked at a record high of $7,000. It has retreated by over 4.8% and is now hovering at its lowest level since November last year. Technicals suggest that this index has more downside to go as
Rivian stock price is stuck in a technical bear market after falling from last December’s high of $22.7 to the current $15.20. It retreated after the company shared details of the upcoming R2 vehicle, with its short interest continuing to rise. So, will the stock rebound or continue the downward trend? Rivian announced details for
Oil prices fell more than 2% on Friday after the US granted a waiver for sanctioned Russian crude and an Indian tanker sailed out of the Strait of Hormuz. However, both benchmarks, Brent and West Texas Intermediate crude oil, were on course for weekly gains due to the ongoing conflict in the Middle East. On
The US-Iran conflict has entered its 14th day on Friday, March 13th, and with no clear end in sight, the investors have started hunting for hedges to recover their losses. Currently, no strategy seems to be working as stocks are falling, bonds have weakened, and with the dollar, oil, and gold all pulled into the
Shares of Bumble jumped sharply in premarket trading on Thursday after the dating app operator reported stronger-than-expected quarterly results and outlined an artificial intelligence-driven overhaul of its platform aimed at re-engaging younger users. The company’s stock rose about 23% before the opening bell, as investors welcomed signs that Bumble’s turnaround efforts could begin stabilising its
The cryptocurrency market is currently experiencing mixed performance, with some coins in the red, while others are rallying. BONK, one of the leading memecoins in the crypto space, is up by 1% in the last 24 hours despite negative news from the Bonk ecosystem. The memecoin could rally higher in the near term, thanks to
CoreWeave stock price remains in a technical bear market after falling from a record high of $186 in June last year to the current $81. This retreat may continue in the near term after forming the highly bearish head-and-shoulders pattern. CoreWeave stock price technical analysis The daily timeframe chart shows that the CRWV stock price
UNI, the native coin of the Uniswap DEX, is up 1.5% in the last 24 hours, outperforming other major cryptocurrencies. The coin is now approaching $4.0, with buyers stepping in amid favorable market conditions. Furthermore, the integration of Uniswap API by MetaMask would help boost Uniswap’s adoption, ultimately pushing the price higher in the near