Investors are preparing for a crucial week as fresh labor market data and earnings from Broadcom could influence the direction of US stocks. Market participants are weighing whether persistent inflation and the possibility of higher interest rates could threaten the strong rally in equities. US stock indexes continued their upward momentum this week. The benchmark
Indian budget carrier IndiGo reported a fourth-quarter loss on Friday as the country’s largest airline faced pressure from domestic capacity constraints, a weakening rupee, and higher fuel prices. The airline posted a loss of 26.62 billion rupees ($280.2 million) for the quarter ended March 31. This compares with a profit of 30.73 billion rupees recorded
Inflation in the euro zone’s four largest economies remained above the European Central Bank’s 2% target for a third consecutive month in May, according to preliminary data released on Friday. Rising fuel costs linked to the Iran war continued to affect consumer prices, with signs that higher energy costs are spreading to other parts of
Bitcoin Cash (BCH) slipped under $300 on Friday, retreating 7% over the past 24 hours and flirting with a multi-month low as risk sentiment rippled across cryptocurrency markets. Early trading saw BCH test support near $293, a level that coincided with broad weakness in Bitcoin, which traded close to $73,000. Growing downside pressure for BCH
The UK’s domestically focused FTSE 250 index moved toward a second consecutive weekly gain on Friday, supported by a sharp rise in Ocado shares following a new agreement with supermarket group Asda and reports suggesting progress in efforts to extend a ceasefire between the United States and Iran. The blue-chip FTSE 100 index rose 0.3%
Wall Street opened higher on Friday as investors weighed reports of a possible agreement between the United States and Iran alongside continued optimism surrounding artificial intelligence-driven earnings growth. The Dow Jones Industrial Average rose about 169 points, or 0.33%, while the S&P 500 and Nasdaq Composite gained 0.24% and 0.29%, respectively. The cautious gains followed
A Danish pension fund that previously attracted attention for selling US Treasuries and exiting Tesla has said it will not invest in SpaceX, citing concerns over both valuation and corporate governance. AkademikerPension, which manages approximately $25 billion in assets, said the company is grossly overvalued and suffers from what it described as significant governance shortcomings.
DxSale, a long-running token launch and liquidity locking platform widely used during the early BNB Chain memecoin boom, has suffered a major exploit that drained an estimated $7.3 million in liquidity provider (LP) funds. The incident affected more than 1,400 liquidity pools, according to on-chain tracking shared after the incident. The pools were spread across
Shares of Dell Technologies DELL rose sharply in premarket trading on Wednesday after the Pentagon awarded the company a roughly $9.7 billion contract to help manage Microsoft software systems across the US military. Dell shares gained 3% ahead of the opening bell, extending a rally that has already seen the company’s market value more than
Solana (SOL) plunged to intraday lows of $80 on Thursday as a sudden deterioration in risk sentiment roiled cryptocurrency markets. The token has slightly bounced off the intraday lows as investors digest the US-Iran situation. SOL could thus eye a swift rebound to recent highs. However, technical indicators and broader risk assets outlook suggest bulls