Economy

Economy
Economy

Bubblemaps revamps platform with memecoin research and insider filters

Bubblemaps, an onchain intelligence platform, has launched a major update to its platform, including a new feed focused on memecoin discovery and token research. The company said the feed screens tokens before displaying them to users, filtering out those showing insider clusters and bundles, which it identifies as onchain indicators of coordinated activity. A bundle

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Economy

SK Hynix says ‘no plans have been confirmed’ for deal with Intel

SK Hynix said Wednesday that no plans have been confirmed for a potential US memory chip deal with Intel. The denial came after Reuters reported the two companies were in talks. “No decisions have been made regarding the two scenarios mentioned in the article,” SK Hynix said. The deal under discussion Reuters, citing three people

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Economy

Nasdaq opens higher as markets await Fed decision

US stocks opened higher on Wednesday as investors awaited a Federal Reserve interest-rate decision that could shape expectations for monetary policy in the coming months. The Nasdaq Composite advanced 0.46%, and the S&P 500 gained 0.24%. The Dow Jones Industrial Average on the other hand, fell 34 points. The move followed a two-day decline for

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Economy

What would an EU associate membership mean for Canada as Brussels opens the door?

The European Union is considering a new form of relationship with Canada that could make Ottawa the bloc’s first associate member, marking a potentially significant shift in the way Brussels engages with countries outside the EU. European Commission President Ursula von der Leyen made the proposal directly to Canadian Prime Minister Mark Carney on Wednesday,

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Economy

Opendoor stock crashes as US mortgage rates jump: buy the dip?

Opendoor stock crashed to its lowest level since August 11 as concerns about its growth in a high mortgage environment continued. It slipped to $2.65, down by 75% from its highest point last year.  Soaring mortgage rates are hitting its business The housing market in the US is facing substantial challenges this year as mortgage

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Economy

Anthropic IPO will benefit these two mega-cap stocks

Anthropic’s confidential June S-1 filing has set up what could be the year’s defining public offering, with Reuters reporting a target listing window in mid-October. Goldman Sachs, Morgan Stanley, and JPMorgan are leading the offering, while Chief Financial Officer Krishna Rao has been holding early investor meetings. Private chatter floats valuation numbers approaching $2 trillion

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Economy

Gold and silver rise as Fed rate hike looms, oil prices ease

Gold and silver rose in trading Wednesday as falling oil prices and a small dip in bond yields offered some relief ahead of the Federal Reserve’s rate decision later in the day. Gold traded at $4,352.18, up 1.3%, while silver rose 1.56% to $64.63. Fed decision is today’s main event The Fed is expected to

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Economy

TELUS stock analysis: here’s why it is crashing and what next

TELUS stock remains in a strong freefall this year, and is hovering at its lowest level since April 2017. It has dropped from the record high of $25.6, which it reached in April 2022, to the current $12.6. This retreat has seen its market capitalization has dropped from over $45 billion to $20.4 billion today.

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Economy

Why Dell Technologies stock is gaining 5% today?

Dell Technologies shares DELL rose more than 5% in trading on Wednesday as Goldman Sachs raised its forecast for the global server market, highlighting continued expectations for strong growth in artificial intelligence infrastructure. Goldman Sachs now expects the overall server market to reach $1.5 trillion by 2030, representing a compound annual growth rate (CAGR) of

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Economy

Crypto stocks slide as Bitcoin drops ahead of Clarity Act vote and Fed decision

Crypto-linked stocks fell sharply Tuesday morning as Bitcoin declined and investors awaited a critical Senate vote on crypto regulation, with the Federal Reserve’s rate decision also due Wednesday. Coinbase Global shares fell 7% to $178. Strategy, formerly known as MicroStrategy, slid 5% to $130.32. MARA Holdings dropped a more modest 2% to $11.2. Bitcoin was

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