The Federal Reserve delivered its first rate hike since July 2023 on Wednesday, lifting the federal funds target range by 25 basis points to 3.75%-4% in a unanimous 12-0 decision. The move was broadly expected. What investors are now trying to determine is whether the increase marks the beginning of a new tightening cycle or
Donald Trump is set to welcome Chinese President Xi Jinping to the White House next week for their second meeting this year, with the two leaders seeking to stabilise a relationship strained by trade disputes, tensions over Taiwan and Iran, and a growing rivalry over artificial intelligence. Xi’s visit, expected on Sept. 24, will be
A crypto market rally is happening today, September 19, with Bitcoin and top altcoins like Ethena (ENA), Injective (INJ), and VeChain (VET) rising by double digits. The market capitalization of all coins jumped by 4% in the last 24 hours to $2.78 trillion. This article explores some of the top reasons behind the cryptocurrency market
Volkswagen shares fell 5% after slashing its 2026 profit outlook on Friday, citing a sharp contraction in China’s car market, the rising cost of its job-cutting plan, and a major write-down on its stake in Porsche AG. Europe’s largest automaker now expects an operating return on sales of no more than 1% for the year,
MACOM Technology (MTSI) stock is inching higher on Friday after a senior BMO Capital analyst – Harsh Kumar – issued a bullish note in favour of the semiconductor firm. In his research note, Kumar upgraded MTSI to Outperform and reiterated his $335 price objective, which signals potential upside of about 23% from current levels. BMO’s
SanDisk (SNDK) shares rose sharply on Friday as investors reacted to the company’s upcoming inclusion in the S&P 100 and continued strength in its financial performance. The stock gained as much as 8.04% during Friday’s session. The semiconductor company is set to join the S&P 100 before trading begins on Monday, September 21, replacing longtime
BitMine stock has held steady above a crucial support level as the company nears an inflection point in its Ethereum accumulation strategy. BMNR rose to $25.58, up by nearly 100% from its lowest level this year. This rally may continue after it formed a highly bullish chart pattern and as Ether steadies. BitMine stock rises
Accenture (ACN) stock fell 4% on Friday after Guggenheim downgraded the consulting and technology services company to Neutral from Buy and removed its previous price target. The downgrade came as Guggenheim said its channel checks had not identified a corresponding improvement in demand despite Accenture shares rebounding 52% from their June lows. The firm also
Micron Technology (MU) shares rose on Friday as RBC Capital Markets said the memory-chip maker’s valuation does not fully reflect its exposure to the artificial intelligence-driven memory boom. Micron stock gained as much as 3.12%. RBC analyst Srini Pajjuri reiterated an Outperform rating and a $1,500 price target. Pajjuri pointed to rising memory requirements from
The crypto market is doing well today, with most tokens being in the green, and the valuation hitting $2.76 trillion. This rally continued even after the Federal Reserve and Bank of Japan (BoJ) hiked interest rates, and as crude oil remained at an elevated level. This article provides a forecast for top tokens like Near