The International Monetary Fund has sharply downgraded economic growth forecasts for both the United Kingdom and Germany, citing the inflationary fallout from the Iran conflict. Britain recorded the steepest downgrade among major advanced economies. The IMF now expects the UK economy to grow by 0.8% in 2026, down from its earlier projection of 1.3%. UK
Shares of Wells Fargo fell on Tuesday after the lender reported first-quarter net interest income that came in below Wall Street expectations, highlighting the near-term pressure from lower interest rates even as broader fundamentals remained stable. The stock dropped about 4.9% following the results, extending its year-to-date decline to roughly 13%. The reaction came despite
The VanEck Semiconductor ETF (SMH) is in sharp focus on Apr. 13 after the high-stakes US-Iran peace talks collapsed, dashing hopes of a diplomatic resolution in the Middle East. SMH is now flashing technical caution as its relative strength index (RSI) hovers in the late 60s, a level that suggests the asset is rapidly approaching
Intel stock price has staged a strong comeback this year and is now hovering near its all-time high. It soared to $62.40, up by over 245% from its lowest level last year, bringing its market capitalization to over $313 billion. Intel stock has soared as numerous catalysts converged INTC stock has rebounded in the past
Shares of Revolution Medicines surged sharply on Monday after the company reported positive results from a late-stage trial of its experimental pancreatic cancer drug, raising hopes for a potential breakthrough in one of the deadliest forms of the disease. The stock climbed 38% after the opening bell, extending gains to 69% since the start of
IREN stock price has rebounded in the past few days, moving from a low of $30 on March 30 to the current $40. It remains down by 50% from its highest point in 2025. So, will the stock continue rising as top companies like CoreWeave and Nebius extend their market share? CoreWeave and Nebius are
The significance of the US dollar in global trade has taken a hit over the last couple of years, but a straightforward decline is not on the cards yet. Iran plans to reopen the Strait of Hormuz, contingent on a mandatory fee of up to $2 million per ship, payable in Chinese Renminbi or cryptocurrency.
US stocks closed mixed on Friday, with the Dow Jones Industrial Average and S&P 500 ending lower while the Nasdaq Composite posted gains, as investors remained cautious ahead of the weekend and monitored ongoing Middle East peace negotiations. The Dow fell 269.23 points, or 0.56%, while the S&P 500 slipped 0.11%. The Nasdaq rose 0.35%
Inflows into Indian equity mutual funds surged 56% month-on-month to an eight-month high of 404.5 billion rupees ($4.36 billion) in March, as retail investors continued to pour money into equities even as uncertainties centring around the Iran war weighed on sentiment, data from the Association of Mutual Funds in India showed on Friday. As the
As the first-quarter (Q1) earnings season shifts into high gear next week, investors are bracing for a wave of data from nearly 6% of the benchmark S&P 500 index. While heavy hitters like Netflix Inc and JPMorgan dominate the headlines, seasoned traders are looking at a specific subset of companies: those with a “beat and