Economy

Economy
Economy

Commodity wrap: Oil climbs on US–Iran tensions; gold, silver extend losses

Oil prices have continued to rise on Thursday as geopolitical tensions simmered with the latest US strikes against Iran.  Gold and silver extended their losses as higher energy prices and expectations of elevated interest rates for longer dampened sentiments in the precious metals market.  Gold prices had rebounded slightly earlier in the day, but failed

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Economy

Caterpillar stock faces a major risk of a reversal amid valuation risks

Caterpillar stock price has pulled back in the past few days, moving from the year-to-date high of $947 on June 4 to the current $856. This retreat happened after it formed the risky double-top pattern on the daily chart.  Valuation concerns remain amid the AI boom  Caterpillar, a top industrial company known for making large

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Economy

Will renewed retail interest push Hyperliquid towards $60?

Hyperliquid (HYPE) is trading higher on Thursday, recovering above the $56 level after finding strong support around a key technical zone in the previous session.  The rebound is being supported by improving derivatives positioning and a broadly constructive technical structure, suggesting potential for a short-term recovery. The technical indicators remain bearish but are no longer

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Economy

Top 4 risks facing the Dow Jones and DIA stock this year

The Dow Jones Index has wavered in the past few days as the recent bullish momentum stalled and concerns in the stock market remained. It was trading at $50,877 on Tuesday, a few points below the year-to-date high of $51,642. This article highlights some of the top risks facing the Dow Jones and the DIA

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Economy

US inflation climbs to 4.2% in May as energy costs drive price growth

Inflation in the United States accelerated in May, largely driven by rising energy prices, while underlying price pressures remained relatively contained, according to data released by the US Bureau of Labor Statistics. The Consumer Price Index for All Urban Consumers, a broad measure of prices paid by consumers for goods and services, increased 0.5% on

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Economy

Super Micro falls after unveiling $7B AI expansion fundraise

Shares of Super Micro Computer (SMCI) fell sharply in premarket trading on Wednesday. The decline came after the server maker announced plans to raise $7 billion through a series of equity and equity-linked financing offerings to support growing demand for artificial intelligence infrastructure. The stock dropped 11.4% to $36 in premarket trading. The decline came

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Economy

SCHD stock: Why it is a good time to buy this dividend ETF

The Schwab US Dividend Equity (SCHD) ETF has held steady in the past few days, even as the broader stock market has remained on edge, with the S&P 500 and Nasdaq 100 indices being in a freefall. SCHD was trading at $32.30, a few points below the year-to-date high. Here are some of the top

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Economy

Dow falls 334 points as chip selloff, Iran tensions hit stocks

US stocks moved lower on Wednesday as investors grappled with renewed geopolitical tensions in the Middle East, continued weakness in semiconductor stocks, and concerns that inflation could keep the Federal Reserve on a cautious path. The Dow Jones Industrial Average was down by 334 points. The S&P 500 index fell about 0.57%, while the Nasdaq

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Economy

Travala launches AI travel protocol for autonomous bookings

Travala, a crypto-native travel booking platform, has launched what it describes as the world’s first agentic AI travel protocol. The protocol enables autonomous AI agents to search, book, and pay for more than 2.2 million hotels, including properties from major chains such as Marriott Hotels, Hilton Hotels & Resorts, and IHG Hotels & Resorts, with

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Economy

Plug Power stock just suffered a harsh reversal: buy the dip or sell the rip?

Plug Power stock has slumped sharply in the past few days, moving from a high of $4.33 on June 2nd to the current $2.91. It has slumped to its lowest point since April 20th, with the market capitalization falling from over $5.7 billion to $4 billion today. So, will this hydrogen giant rebound or fall

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