Gold prices resumed their upside on Monday as the metal hit a one-week high on increased safe-haven demand. Silver prices also surged more than 4%, mirroring strong gains from last year. Meanwhile, oil prices were volatile as concerns about oversupply outweighed risks from the ongoing crisis in Venezuela. Additionally, copper prices surged toward a record
Starknet, an Ethereum Layer-2 scaling network built on zero-knowledge rollup technology, has suffered a fresh multi-hour outage, raising renewed concerns about network stability and operational resilience. The Starknet team confirmed the downtime on X, stating that engineers are actively investigating the issue and working to restore full functionality as quickly as possible. According to public
CoreWeave shares were rising early Monday after a known critic of the company upgraded the stock and raised its price target, citing an OpenAI fundraise would also benefit the cloud-tech company. DA Davidson analyst Gil Luria upgraded CoreWeave to Neutral from Underperform and raised his price target to $68 from $36, triggering a rise of
The US military’s capture of Venezuelan President Nicolás Maduro on January 3 should have sent shockwaves through the global financial world. Instead, markets across Asia, Europe, and the Americas yawned. Japan’s Nikkei 225 surged 2.9% to near 7-week highs, Europe’s STOXX 600 ticked up 0.3%, and US equity futures remained firm despite the geopolitical headline.
Shares of US oil companies surged on Monday, a jump spurred by the potential to gain access to Venezuela’s massive oil reserves. Shares of Chevron, the sole US major currently operating in Venezuela’s oil fields, saw a 6.5% jump in premarket trading, according to a Reuters report. Meanwhile, refiners such as Marathon Petroleum, Phillips 66,
US stocks rose sharply on Thursday as investors digested a lighter-than-expected inflation report, easing concerns about persistent price pressures and helping spark a rebound in technology shares after a bruising run. The Dow Jones Industrial Average traded 339 points higher, or 0.8%, while the S&P 500 advanced 1.1%. The Nasdaq Composite outperformed, gaining 1.5%, as
US stocks opened higher on Friday, led by gains in technology shares, as the artificial intelligence trade attempted to regain momentum after a volatile stretch. The Nasdaq Composite rose 0.5%, while the S&P 500 added 0.4%. The Dow Jones Industrial Average advanced 176 points, or 0.4%. The rally was driven in part by Oracle, whose
Nvidia stock rose early on Friday as investors reacted to signs that the company may be nearing official US approval to resume exports of certain artificial-intelligence chips to China, easing one of the largest uncertainties weighing on the stock. Shares of the chipmaker were up about 3% at $183.40 in early trading. The Nvidia stock
US stocks rose on Monday, kicking off a shortened holiday week on a firmer footing as gains in technology shares lifted the broader market. The S&P 500 advanced 0.5%, while the Dow Jones Industrial Average rose 133 points, or 0.3%. The Nasdaq Composite outperformed, climbing 0.7% as investors returned to growth-oriented names after recent sector
US stocks were wobbly at market open on Tuesday after delayed economic data showed the American economy grew far faster than previously estimated, prompting investors to reassess expectations for future interest-rate cuts. The Dow Jones Industrial Average slipped 53 points, or about 0.1%, while the S&P 500 and Nasdaq Composite hovered around the flatline, reflecting