Saudi Aramco has told at least two European refining customers they will receive no crude oil in October following damage to the kingdom’s key East-West pipeline, while gold prices rose and oil prices eased as investors assessed the latest developments in the Middle East. At the same time, Bitcoin jumped 6% on September 18, briefly
US stocks ended mixed on Friday as investors wrapped up a volatile week marked by the Federal Reserve’s first interest-rate hike in three years, rising Treasury yields and elevated oil prices. The Dow Jones Industrial Average fell 114.74 points, or 0.22%, to 51,663.30, while the S&P 500 gained 11.53 points, or 0.12%, to 7,647.19. The
SpaceX stock has moved sideways at an important price, even after the company received a $964 million deal by NASA. SPCX also wavered as investors waited for the upcoming Starship Orbital test. It trades at $152, up by 47% from its lowest level this year. SpaceX stock wavers after reaching a NASA deal SPCX stock
Credo Technology Group stock has slumped and moved into a bear market after slumping by nearly 50% from its highest point this year. It dropped to a low of $148 this week, its lowest level since April 14. Credo’s slump coincided with the ongoing retreat of other companies in the AI industry, including Coherent, Lumentum,
The number of Americans filing new claims for unemployment benefits unexpectedly declined last week, offering another indication of resilience in the US labour market even as the Federal Reserve tightens monetary policy. Initial claims for state unemployment benefits fell by 10,000 to a seasonally adjusted 196,000 for the week ended September 12, the Labor Department
US stocks opened higher on Thursday as Wall Street shook off Wednesday’s selloff, with the Federal Reserve’s first interest rate hike since 2023 now behind investors. The Dow Jones Industrial Average rose 311 points, the S&P 500 gained 1.2%, and the Nasdaq Composite climbed 1.59%. Wednesday’s hike, and the market’s first reaction The Fed raised
A hawkish Federal Reserve rate increase typically rattles financial markets, yet Wall Street greeted the central bank’s policy pivot without much drama. On Sept. 16, the Federal Open Market Committee voted 12-0 to lift the benchmark federal funds rate by 25 basis points to a target range of 3.75% to 4.00%. The unanimous decision marked
PROSPER has launched a framework for Performance Markets that allows third-party operators to connect verifiable onchain performance data with independently priced crypto-native assets. Built on Pharos Network, the framework supports MemeRWA, which uses observable economic performance data as a reference without tokenizing ownership of the underlying asset. Each Performance Market begins with a Curator creating
Medical Properties Trust stock continued its strong downward this week, reaching its lowest level since January 13 last year. MPT dropped to $3.40, down by over 32% this year and by 83% in the last five years. So, do that 10% yield and the cheap valuation make it a good investment? Medical Properties Trust stock
China’s artificial intelligence industry is seeing rapid adoption of its homegrown models, but the pace of monetisation remains well behind that of leading US developers, raising questions over whether lofty startup valuations can be justified by current revenues. US research firm Rhodium Group estimated that all major Chinese AI models combined generate only about 10%