The crypto market remained in a consolidation mode on Sunday as demand waned following last week’s hawkish Fed decision. Bitcoin was trading at $64,400, up by 1% in the last 24 hours, while the market capitalization in the industry rose by 0.64% to $2.2 trillion. This article looks at key coins, including Aerodrome Finance (AERO),
The USD/JPY exchange rate continued its strong rally last week, reaching its highest point since 1986. It peaked at 161.81, up by 15% from its lowest level in May last year, putting investors on edge as they wait for the next actions by the Bank of Japan (BoJ). USD/JPY jumps after the hawkish Fed The
AMD shares moved higher in trading on Thursday after fresh analyst upgrades and reports of a potential manufacturing partnership with Samsung. New initiatives in artificial intelligence and quantum computing also reinforced optimism around the chipmaker’s long-term growth prospects. The stock gained 3.5% at the time of writing. Investor sentiment also benefited from reports that Samsung
Palantir stock is sitting at a crucial support level that may determine its forward trajectory. It is trading at $126.90 today, June 18, down modestly from this month’s high of $162. So, will the stock continue its bearish trajectory or stage a comeback? Reasons why the Palantir stock has slumped There are three main reasons
SpaceX (SPCX) shares may have tumbled in recent sessions, but Oppenheimer remains convinced that the space infrastructure and AI giant is poised for significant upside as the year unfolds. In a research note this morning, analyst Timothy Horan touted SPCX’s recent acquisition of Cursor – an artificial intelligence coding firm – which he believes could
Nvidia stock (NVDA) moved higher on Thursday, recovering some ground after two consecutive losing sessions. Shares of the chipmaker rose 2% to $209.09 in early trading. Despite recent volatility, Nvidia stock remains up 9.8% year to date through Wednesday’s close and has gained 41% over the past 12 months. That performance, however, has lagged the
QuantumScape (QS) shares are ripping higher on June 18th as investors react to a major new OEM partnership. The solid-state battery pioneer announced a multi-year joint research agreement with Honda R&D to co-develop next-gen lithium-metal battery platform architectures and manufacturing processes. And while QuantumScape stock is already up some 15% following the announcement, a solid
Citigroup has revised its expectations for US Federal Reserve interest rate cuts, pushing back its projected timeline by one month as policymakers adopt a more hawkish stance and inflation concerns persist. The Wall Street firm now expects the Federal Reserve to cut interest rates in October and December 2026, followed by another reduction in January
A liquefied natural gas (LNG) tanker is heading toward the Strait of Hormuz for the first time since the US–Iran pact took effect, signaling cautious optimism that shipping lanes may reopen after months of disruption, according to a Bloomberg report. The voyage is being closely watched by traders and governments alike, as it could mark
UK wage growth remained stronger than expected in the three months to April, while the unemployment rate unexpectedly declined, according to official figures released just hours before the Bank of England’s latest interest rate decision. The latest data indicated that Britain’s labour market continues to show resilience despite signs of easing demand for workers, providing