Economy

Economy
Economy

Grvt expands wealth platform with Centrifuge yield integration

Grvt, a self-custodial onchain trading and wealth platform built on ZKSync, announced Thursday that it is integrating the Janus Henderson Anemoy Treasury Fund into its earn products through a partnership with Centrifuge. The move marks the company’s expansion beyond perpetuals trading into broader wealth management products tied to tokenized real-world assets. Through the integration, Grvt

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Economy

Oobit’s Colombia launch signals a bigger shift in crypto payments

Oobit, the crypto payments platform backed by stablecoin issuer Tether, has officially launched in Colombia, its ninth live market and the latest leg of a regional expansion that already spans Argentina, Chile, and Brazil. The announcement comes as the region’s crypto economy, valued at roughly $44 billion, continues to attract fintech operators betting on practical,

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Economy

Nvidia tops $230 mark: here’s why analysts say NVDA still cheap ahead of earnings 

Shares of Nvidia (NVDA) climbed to another record high on Thursday, extending a powerful rally fueled by optimism around artificial intelligence demand, easing restrictions on chip sales to China, and expectations of another blockbuster earnings report later this month. The stock rose by 2.6% at the market open to cross the $231 mark after closing

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Economy

Dow falls 230 points as hot inflation data rattles Wall Street

US stocks opened subdued on Wednesday after another stronger-than-expected inflation report reinforced expectations that the Federal Reserve may keep interest rates elevated throughout the year, while a rebound in semiconductor stocks helped support technology-heavy indexes. The Dow Jones Industrial Average fell 230 points, or 0.46%, while the S&P 500 slipped 0.04%. Nasdaq Composite outperformed, gaining

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Economy

Alibaba shares fall as AI spending dents earnings despite strong growth

Shares of Alibaba Group fell more than 2.5% in premarket trading on Wednesday after the Chinese technology giant reported mixed quarterly results, with revenue growth supported by artificial intelligence demand but profitability sharply hit by aggressive investment spending. Alibaba posted a 3% rise in fiscal fourth-quarter revenue, as its cloud and AI businesses continued to

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Economy

IEA warns of plunging oil stockpiles as Gulf war cuts supply, demand slumps

Global oil markets are reeling as the International Energy Agency (IEA) warns that world demand will contract by 420,000 barrels per day this year, while supply losses from the Gulf war and the closure of the Strait of Hormuz have already drained nearly 13 million barrels per day from output.  The agency’s May Oil Market

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Economy

Micron rally has more room to run, BofA says as it raises PT; shares rise

The stock of Micron Technology has been on a stunning rally over the last year, with its share price surging by more than 720% during the period, but Bank of America says it sees more upside. BofA Securities lifted its price target on Micron (MU) stock to $950 from $500 while maintaining a Buy rating,

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Economy

Figma stock price just double-bottomed: will it surge after earnings?

Figma stock price has crashed and is hovering near its all-time low as concerns about its business growth and costs jump. After peaking at $142 following its initial public offering, FIG stock has tumbled to  $21, erasing billions of dollars in value. Still, there are signs that the stock is a good buy ahead of

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Economy

Cisco stock at its most overbought since 2018 — and a top pro sees 25% upside

Cisco stock price continued its bull run this week and is now trading at its all-time high. It has jumped in the last six consecutive weeks, bringing its market capitalization to nearly $400 billion. Still, despite the stock being highly overbought, Jay Woods, a popular Wall Street analyst, believes that CSCO stock may surge by

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Economy

Plug Power stock slowly flashes a bullish pattern: is a 30% surge coming?

Plug Power resumed its strong surge in the extended hours today, May 12, as the company published strong financial results, confirming that it has now turned the corner. PLUG jumped by over 12% on Monday and continued the rally by over 6% to $3.73. It remains 108% above the lowest point this year. Plug Power

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