Global financial markets remained under pressure during the European morning on Friday as investors continued to adopt a cautious approach following steep declines across Asian equity markets. A sustained selloff in technology stocks weighed heavily on market sentiment, while traders looked ahead to speeches from several US Federal Reserve policymakers later in the day. The
BP and Shell share prices continued their downward trend today, reaching their lowest levels since February 27. BP dropped to 472p, down by 22% from its highest point this year, while Shell slipped to 2,900p from the year-to-date high of 3,592. BP and Shell shares are falling as crude oil prices dive Energy stocks have
HYPE has rebounded to around $63.5 after a June 24 selloff dragged the token to an intraday low of $59.18, leaving it down about 11% over the past seven days despite a 2% recovery in the last 24 hours. A sharp risk-off wave swept across financial markets, amplified by institutional de-risking ahead of the highly
Gold has dropped below $4,000 an ounce, but Wall Street is not giving up on every corner of the gold trade. Spot bullion slipped to a seven-month low near $3,981, pressured by a stronger US dollar and rising expectations that the Federal Reserve may keep rates higher for longer. That is usually bad news for
Qualcomm has set out an ambitious growth target for its data centre business, forecasting $15 billion in sales from the segment by 2029 as it accelerates efforts to diversify beyond its core smartphone chip business. The company said that, alongside a broader expansion of its artificial intelligence strategy, it helped lift its shares more than
The US Dollar Index edged lower on Thursday after rising for three straight sessions and touching its highest level in 13 months, as investors turned their attention to a heavy slate of US economic data and ongoing geopolitical tensions. The US Dollar Index, after rising to 101.80 on Wednesday, eased in early Thursday trade but
MemeCore’s M token has plunged more than 76% over the past 24 hours, extending its collapse to about $0.68 and erasing nearly $3 billion in market value as fresh scrutiny has returned to the project’s tokenomics, liquidity, and exchange listings. According to Coingecko price data, M traded at about $0.68 on June 25 after dropping
Meta Platforms is facing fresh regulatory pressure in Europe as the European Union prepares to escalate its investigation into whether Facebook and Instagram use design features that are addictive to children. The developments place Meta at the centre of two major stories at once. In Europe, the company is facing closer scrutiny over the impact
US stocks opened lower on Tuesday as a technology-led selloff accelerated, with semiconductor and artificial intelligence-related stocks coming under renewed pressure. The Dow Jones Industrial Average fell 326 points. The Nasdaq Composite dropped 2.2% while the S&P 500 was down 1.5%. The weakness followed Monday’s session, when the Nasdaq Composite fell 1.3%, weighed heavily by
SpaceX stock price has suffered a major crash a few days after it launched the biggest initial public offering (IPO) on record. SPCX tumbled to $154, down sharply from its all-time high of $225.80. As a result, Elon Musk’s net worth has tumbled by $300 billion, and he may soon lose his trillionaire status. Elon