Gold prices slid more than 3%, and silver plunged over 10% on Friday as sentiment in the precious metals market soured drastically. Oil prices, on the other hand, climbed more than 2% due to rising concerns about a prolonged supply disruption in the Strait of Hormuz. Meanwhile, copper’s retreat from its record-high close continued, driven
Shares of Nvidia (NVDA) fell sharply on Friday, pulling back after an explosive rally that had pushed the chipmaker close to another record valuation milestone. The stock dropped around 4% to $226.80 in early trading after gaining roughly 20% over the previous seven sessions. Thursday’s rally alone saw Nvidia rise 4.4% to close at $235.75,
Discretionary imports like gold and foreign travel drain reserves without adding value, Growthvine CEO Shubham Gupta notes, framing Prime Minister of India, Narendra Modi’s appeal as a strategic nudge rather than a sign of economic distress. Prime Minister Modi’s recent call for Indians to cut back on gold purchases and foreign travel has sparked debate
UK shares moved higher on Thursday after stronger-than-expected economic growth data reassured investors, even as political uncertainty surrounding Prime Minister Keir Starmer continued to weigh on market sentiment. The blue-chip FTSE 100 rose 0.39% by 11:09 a.m. GMT, while the mid-cap FTSE 250 gained 0.71%. Investor sentiment improved after data showed Britain’s economy expanded unexpectedly
Bittensor (TAO) price traded lower on Thursday, falling by more than 4% to breach the $300 support level as a broader market decline hit altcoins. Declines followed Bitcoin’s slip below $80,000 as risk-off sentiment intensified amid hot US inflation data and investor jitters around geopolitical uncertainty. TAO price could extend losses with this technical breakdown,
US unemployment claims rose moderately last week but were still within acceptable limits as businesses refrained from executing mass-level layoffs even as they grappled with mounting inflationary pressures. Initial claims for state unemployment benefits increased by 12,000 to a seasonally adjusted 211,000 in the week ended May 9, according to data released Thursday by the
US retail sales rose in April, signalling continued resilience in consumer spending even as inflationary pressures intensified across the economy. According to data released Thursday by the US Census Bureau, Retail Sales increased 0.5% month-on-month in April to $757.1 billion. The reading followed a revised 1.6% increase in March, which was previously reported as 1.7%.
Klarna stock price is pumping today, May 14, after the Buy Now Pay Later (BNPL) company published its financial results. KLAR jumped by over 15% to $15, reaching its highest point since March 16 this year. It has now soared by nearly 30% from its all-time low. Klarna stock jumps after releasing strong numbers Klarna,
US stocks opened higher on Thursday as investors reacted to strong earnings from technology companies and optimism surrounding the US-China summit. The continued momentum in artificial intelligence-linked semiconductor stocks despite persistent inflation concerns. The Dow Jones Industrial Average rose 387 points, reclaiming the 50,000 level it reached earlier this year. S&P 500 gained about 0.34%,
Grvt, a self-custodial onchain trading and wealth platform built on ZKSync, announced Thursday that it is integrating the Janus Henderson Anemoy Treasury Fund into its earn products through a partnership with Centrifuge. The move marks the company’s expansion beyond perpetuals trading into broader wealth management products tied to tokenized real-world assets. Through the integration, Grvt