Economy

Economy
Economy

FTSE 100 falls as US-Iran strikes hit market sentiment

Britain’s benchmark FTSE 100 index fell on Thursday, snapping a seven-day winning streak, as renewed hostilities between the United States and Iran weighed on investor sentiment and clouded hopes of reopening the Strait of Hormuz. The blue-chip FTSE 100 index fell 0.8% to 10,418.33 points by 1013 GMT. The domestically focused FTSE 250 index also

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Economy

Snowflake stock is soaring and it may not be entirely because of Q1 earnings

Snowflake (SNOW) is ripping higher this morning after the cloud-based data platform announced a surprise $6 billion infrastructure partnership with Amazon Web Services (AWS). Under this five-year strategic collaboration, SNOW is deeply committed to AWS custom Graviton processors and artificial intelligence (AI) infrastructure to drive enterprise agentic AI. Including recent gains, Snowflake stock is trading

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Economy

Gold set for deeper slide as Fed rate fears outweigh safe‑haven demand

Gold prices fell again today, extending a steep decline that has rattled investors and underscored how inflation fears and US–Iran tensions are reshaping the precious metals market.  Gold prices slipped to a two-month low below $4,400 per ounce on Thursday. The contract on COMEX hit $4,396.20 per ounce, its lowest level since the end of

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Economy

Dogecoin price analysis as memecoin fails to hold key level

Dogecoin (DOGE) slipped below the key psychological $0.10 level as risk-off sentiment swept through cryptocurrency markets. The token’s recent weakness has largely mirrored a broader retreat across risk assets. DOGE price falls amid crypto sell-off Dogecoin’s price movements have been closely correlated with macro developments in recent sessions, and the memecoin’s heavy retail ownership profile

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Economy

BYD expands ‘God’s Eye’ rollout amid EV price war

BYD unveiled new service packages on Thursday aimed at accelerating adoption of its “God’s Eye” assisted-driving platform as the company intensifies its push into autonomous driving amid slowing domestic demand and mounting competitive pressure. Chairman Wang Chuanfu said the automaker’s long-term goal is to achieve “zero traffic accidents” through intelligent driving technology. As part of

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Economy

US Q1 GDP growth revised down to 1.6% as spending slows

Wall Street and currency markets remained cautious on Thursday after revised government data showed the US economy expanded more slowly than previously estimated during the first quarter of 2026. The US Commerce Department said gross domestic product (GDP) grew at an annualized rate of 1.6% in the January-to-March period, down from the earlier estimate of

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Economy

Dow slips 190 points as oil jumps, inflation data eases Fed concerns

Wall Street traded mixed on Thursday as investors weighed softer-than-expected monthly inflation data against escalating geopolitical tensions between the United States and Iran, which pushed oil prices sharply higher. The Dow Jones Industrial Average fell 194 points, or 0.37%, while the S&P 500 and Nasdaq Composite fell 0.14% and 0.24%, respectively. Markets initially found some

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Economy

DRAM: This ETF has a major SK Hynix, Micron Technology, and Samsung problem

The red-hot Roundhill Memory ETF (DRAM) is firing on all cylinders amid the rising demand for its constituent companies. It jumped to a record high of $62 this week, up by 120% from its all-time low. This surge, together with its robust inflows, have brought its assets under management (AUM) to $12.18 billion, making it

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Economy

Arbitrum-based StakeDAO contract hit by 5.4T vsdCRV exploit

A security incident has affected StakeDAO’s infrastructure on Arbitrum, with researchers identifying abnormal activity tied to its vsdCRV contract. The exploit is linked to a suspected infinite minting vulnerability that may have allowed the creation of an extremely large supply of synthetic staking tokens, reportedly around 5.4 trillion vsdCRV units. Early tracking also suggests that

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Economy

X-FAB climbs sharply after viral social media-driven buying surge

Shares of X-FAB surged sharply on Wednesday, rising as much as 76% during trading, as retail investors piled into the stock following a viral social media post that promoted the company as an attractive investment opportunity. The rally marked the latest example of heightened enthusiasm surrounding semiconductor companies, particularly those linked to artificial intelligence, photonics,

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