Brent oil prices fell below $60 per barrel on Tuesday, slipping more than 1.5% as hopes for a Russia-Ukraine peace deal strengthened. Brent crude oil prices dropped under $60 per barrel this morning, marking the first such occurrence in over seven months. Furthermore, the West Texas Intermediate price concluded Monday’s trading at its lowest point
The ARKK ETF stock has done well this year, and is beating other funds like those tracking the Nasdaq 100 and S&P 500 indices. Its total return this year was ~40%, much higher than QQQ and VOO’s 20% and 17.7%. However, the fund remains much lower than its all-time high of $157.98. Its five-year performance
Chinese clean energy hardware maker EcoFlow Technology Inc. is exploring a potential initial public offering in the US, according to people familiar with the matter. If it moves ahead, the listing would stand out at a time when few Chinese companies of comparable size have tested US capital markets. The plans, as reported by Bloomberg,
Two of Wall Street’s most influential technology analysts have laid out aggressive bull-case scenarios for Alphabet and Microsoft. They argued that accelerating artificial intelligence adoption could propel each company toward a $5 trillion market valuation by 2026. While both tech giants are already dominant mega-caps, these analysts contend that the market is still underestimating the
Oil prices plunged with Brent falling below $60 per barrel on Tuesday for the first time in seven months. Prices were under pressure as hopes of a peace deal between Russia and Ukraine dented sentiments. Meanwhile, gold prices were steady after spending most of the day in the red, following the release of the US
US employers added 64,000 jobs in November, data released Tuesday by the US Bureau of Labor Statistics revealed, exceeding economists’ expectations of a gain of 50,000. At the same time, the unemployment rate rose to 4.6%, up from 4.2% a year earlier. The increase in nonfarm payrolls by 64,000 in November followed a revised decline
The IREN stock price made a strong bearish breakout on Monday as it plunged to its lowest level since September this year. It has now erased some of the gains it made a few months ago when it jumped from $5 to $76. This article explores why the IREN share price has crashed and the
US equities declined on Monday as weakness in cryptocurrencies, renewed pressure on artificial intelligence-linked stocks and rising expectations of a Bank of Japan rate hike unsettled global markets at the start of December trading. The S&P 500 fell 0.6%, the Nasdaq Composite lost 0.8%, and the Dow Jones Industrial Average dropped 275 points, or 0.6%.
US equities rose on Tuesday as a rebound in Bitcoin and strength across major technology names helped Wall Street regain its footing after a soft start to December trading. The Dow Jones Industrial Average added 137 points, or 0.3%, while the S&P 500 also rose 0.3% and the Nasdaq Composite advanced 0.4%. Bitcoin climbed 3.8%,
US stocks edged lower on Wednesday as weakness in major technology names—particularly Microsoft—pulled the broader market into the red and traders weighed the implications of a softening economic backdrop. The S&P 500 fell 0.2%, the Nasdaq Composite declined 0.3% and the Dow Jones Industrial Average dipped 18 points. Microsoft shares slid after The Information reported