Gold is soaring to new highs as demand for precious metals intensifies. The yellow metal is testing critical resistance levels, moving ever closer to the psychological $2,500 mark. Despite the Relative Strength Index (RSI) nearing overbought territory, there remains ample room for further gains if favorable catalysts emerge. The market’s […]
Amazon (NASDAQ: AMZN) stock has faced its share of turbulence in 2024, particularly after a sharp dip in early August following its all-time high (ATH) of $200. However, recent weeks have seen the tech giant’s stock price regain momentum, bolstered by the ongoing artificial intelligence (AI) frenzy that continues to […]
Around 33,000 Boeing union members launched a strike on Friday, marking the first walkout in 16 years. The move comes after an overwhelming rejection of Boeing’s proposed four-year contract, which aimed to offer union workers a 25% pay increase. The strike is expected to halt commercial aircraft production, further complicating […]
Nirvana Labs has made a significant leap forward in the Web3 landscape by acquiring the multichain query and execution platform, Vektor. This strategic acquisition is set to transform how developers interact with blockchain data and execute onchain workflows, enhancing Nirvana Labs’ cloud computing services tailored for the blockchain and crypto […]
West Texas Intermediate (WTI) crude oil prices fell below the $70 mark at Monday’s closing bell, and the downward trend continued into Tuesday as prices hovered around $68. This recent dip places WTI perilously close to its 52-week low of $67.17, signaling a pronounced bearish shift in the market and […]
Sales of Tesla’s electric vehicles (EVs) in China surged 3% in August compared to the previous year. While the automaker continues to make strides in the Chinese market, Tesla’s share of the U.S. EV market dipped below 50% last quarter—a stark reminder of how the West lags behind China in […]
In a significant step for the financial sector, BBVA has announced that its institutional and private banking clients in Switzerland can now manage Circle’s stablecoin, USD Coin (USDC), alongside traditional investments. This move, revealed in a press release on September 9, introduces a new level of convenience and efficiency for […]
JPMorgan Chase & Co. has lowered its price targets for several bitcoin mining companies, citing declining bitcoin prices and increased network hashrate as primary factors. The investment bank’s report, released on Friday, also highlighted potential opportunities for certain miners despite the overall bearish outlook. The analysts at JPMorgan, Reginald L. […]
After enduring two years of high inflation and elevated interest rates, Americans may finally see some financial relief on the horizon. Federal Reserve Chair Jerome Powell delivered a strong indication on Friday that the central bank is preparing to cut interest rates next month, marking a significant shift in its […]
Stocks surged on Friday as Wall Street reacted positively to Federal Reserve Chair Jerome Powell’s remarks indicating that long-awaited interest rate cuts are on the horizon. The Dow Jones Industrial Average climbed 467 points, or 1.12%, while the S&P 500 rose by 1.1%, and the Nasdaq Composite added 1.4%. All […]
