Microsoft stock has crashed into a technical bear market after plunging from $550 to the current $372. This retreat has coincided with the ongoing sell-off in software stocks and as concerns about its massive capital expenditure continues. So, will the stock rebound now that it has become a bargain? Microsoft stock has plunged amid AI
Shares of Delta Air Lines surged sharply in early Wednesday trading, lifted by stronger-than-expected earnings and optimism following a two-week cease-fire agreement between the US and Iran that sent oil prices tumbling. The stock jumped more than 11% after the market opened, putting it on track for one of its strongest single-day gains in over
Emerging and developing economies in Europe and Central Asia will experience slower growth in 2026 due to the effects of higher energy prices brought on by the ongoing conflict in Iran, said a World Bank report released on Wednesday. This surge has increased operating costs for businesses and raised fuel expenses for consumers. Although Tehran
Oil prices tumbled below $100 per barrel on Wednesday after the US and Iran agreed to a two-week ceasefire, which is also likely to reopen the Strait of Hormuz. Both Brent and West Texas Intermediate crude oil benchmarks fell more than 17%, following the announcement. Meanwhile, gold prices on COMEX climbed to a near three-week
The cryptocurrency market has been bearish over the past 24 hours, with Bitcoin and Ether currently in the red. Bitcoin hit the $70,000 mark on Monday but is now down 1.4% and is trading around $68,400. Ether also risks dropping below $2,000 if the selloff persists. However, ZEC, the native coin of the Zcash ecosystem,
Novo Nordisk announced on Tuesday that it is making a higher-dose version of its popular weight-loss medication, Wegovy, available across the United States. The new 7.2-milligram dose, branded as Wegovy HD, was recently approved under the FDA Commissioner’s National Priority Review Voucher program last month, marking a significant development in obesity treatment options. Before this
The American labour market has long been a complex machine of shifting gears, but in the current economic landscape, one cylinder is firing with more reliability than all others combined. While technology and manufacturing navigate the choppy waters of replacement by AI and perils brought on by tariffs, the healthcare sector has emerged as a
Despite near-term headwinds for gold—including high yields, dollar strength, and profit-taking—structural factors remain, maintaining the yellow metal’s long-term upward trajectory above $5,000 per ounce, according to Emily Avioli, vice president and investment strategist at Merrill Lynch. In Avioli’s latest Capital Market Outlook for the investment giant, he noted an unexpected trend: despite rising inflation and
Travel stocks remain in focus this week as escalations continue between the US and Iran, with the Trump administration threatening to soon hit Tehran “extremely hard”. Geopolitical friction often serves as a major headwind for the travel industry as it drives up jet fuel prices – its highest variable cost – and forces expensive flight
The USD/INR exchange rate has pulled back in the past few weeks as the actions by the Reserve Bank of India (RBI) continued. The pair has dropped to 92.85, down by 2.45% from its highest point this year. So, what next for the Indian rupee as bond yields jump? Indian rupee jumps as bond yields