Oil prices rose on Friday, keeping Brent above $96 a barrel and WTI above $92 as renewed US-Iran fighting outweighed signs that Washington was managing to keep more crude moving through the Strait of Hormuz. Brent crude gained 0.6% to $96.06 a barrel in Asian trading, while West Texas Intermediate rose 0.9% to $92.10. Both
XRP has recovered from its recent pullback, holding the $1.32 support over the past few days. The altcoin is now up by more than 6% in the last 24 hours as traders assess changes in the macroeconomic environment ahead of the latest US employment report. The recovery comes as sustained ETF inflows and record activity
Cathie Wood has spent years backing challengers to dominant technology companies, but her latest semiconductor move leaned firmly towards the market leader. ARK Invest sold about $72.8 million of AMD shares in its August 28 trades while buying roughly $53 million of Nvidia stock. AMD disposal was valued at about $74.5 million and the Nvidia
Volkswagen announced a painful restructuring, and investors responded by sending the shares sharply higher. The German automaker plans to eliminate another 50,000 jobs by 2030, taking planned reductions to about 100,000, while cutting its model range roughly in half. Volkswagen stock jumped about 7% in early Frankfurt trading on Friday after its supervisory board unanimously
HOOD stock continued rising as several important catalysts, including the ongoing Robinhood Chain growth and analysts forecasts aligned. Robinhood jumped to $110 in extended hours, up by over 70% from its lowest level this year. Robinhood Chain growth is accelerating Third-party data shows that Robinhood Chain, which was launched in July, is firing on all
Solowin Holdings has a stablecoin issuer licence, a seat in Hong Kong’s tokenized deposit pilot and no stablecoin. Bahrain’s central bank granted the licence on June 3, the first under that country’s framework. Three months on, no coin has been issued, and the company has not said publicly when one will be. Nor has either
Micron stock has remained in a narrow range this week, continuing a trend that has been going on in the past few weeks. MU was trading at $956, down by 25% from its highest point this year. This article explores what to expect as the AI Bubble Index slips and its full-year earnings loom. AI
Investors have turned attention to the Schwab US Dividend ETF (SCHD) this year as it jumped to a record high, beating the benchmark funds tracking the Nasdaq 100 and S&P 500 indices. SCHD has jumped by 27% this year and is set to overtake the Vanguard Dividend Appreciation (VIG) fund. Breakwave Tanker Shipping ETF is
US employers announced more than 52,000 planned job cuts in August, marking a sharp increase from July but remaining well below last year’s levels, according to Challenger, Gray & Christmas. Companies announced 52,881 job cuts during the month, up 58% from the 33,429 cuts announced in July. However, the figure was 38% lower than the
US stocks opened higher on Thursday even as investors assessed mixed corporate earnings, rising oil prices and renewed tensions between the United States and Iran. The Dow Jones Industrial Average climbed 392 points. The S&P 500 gained 0.53% while the Nasdaq Composite was up 0.63%. Investors remained focused on developments in the Middle East as