Oil prices rebounded more than 2% on Wednesday after US President Donald Trump threatened to bomb Iran, raising doubts about the peace deal. Meanwhile, gold prices remained in the green as investors waited for the first policy decision of the Federal Reserve’s new Chair, Kevin Warsh. Among base metals, the three-month copper contract on the
US retail and food services sales increased in May 2026, reflecting continued strength in consumer spending and exceeding market expectations, according to advance estimates released by the US Census Bureau. The Census Bureau reported that advance estimates of retail and food services sales, adjusted for seasonal variation and holiday and trading-day differences but not for
Inveniam and Docugami have announced a partnership aimed at improving the verification and transparency of private-market data, combining document intelligence technology with blockchain-based data attestation. The collaboration will see Docugami open its Document Graph Markup Language (DGML) technology while Inveniam anchors the extracted data on its NVNM Chain blockchain network. The companies said the initiative
US stocks opened slightly higher on Wednesday as investors awaited the Federal Reserve’s latest monetary policy decision and monitored developments in the Middle East that continued to influence oil prices and broader market sentiment. The Dow Jones Industrial Average was up by 50 points. The S&P 500 gained 0.11% while the Nasdaq Composite rose 0.28%.
Micron Technology (MU) shares rose in trading on Wednesday. The gains came as Deutsche Bank became the latest Wall Street firm to raise its price target on the memory-chip maker, citing persistent supply constraints and surging demand from artificial intelligence applications. The stock gained 2.4% on Wednesday after falling more than 6% in the previous
AST SpaceMobile (ASTS) shares moved higher on Wednesday after the company successfully launched three of its largest communications satellites aboard a SpaceX Falcon 9 rocket. The launch marked an important milestone in its effort to build a space-based cellular broadband network. The launch sent BlueBird 8, 9, and 10 into orbit from Cape Canaveral Space
Marvell Technology stock price remains in a strong bull run this year and is now hovering near its all-time high. MRVL jumped to $308 on Monday, up by 233% this year and 350% in the last 12 months, making it one of the top gainers in Wall Street. Will this rally continue this year as
US stocks opened higher on Tuesday, continuing from Monday’s strong performance. The Dow Jones Industrial Average rose 383 points after the blue-chip index closed at a record high in the previous session. The S&P 500 surged 1.65% while the Nasdaq 100 fell 0.19%. The S&P 500 trades at 32.59 times earnings, compared with 24.63 times
Binance, the world’s largest cryptocurrency exchange, is facing a major regulatory challenge in Europe. Its application for a license under the European Union’s new crypto framework is reportedly set to be rejected, potentially preventing the company from continuing to serve clients across the bloc after June. Two sources familiar with the matter told Reuters that
Shares of Rackspace Technology RXT climbed about 16% in trading on Tuesday after the cloud services provider announced a major infrastructure agreement with Advanced Micro Devices and announced a 15% cut in its global workforce. The company said it has signed a definitive agreement with AMD for the phased deployment of up to 30 megawatts