US industrial production rebounded strongly in April, while retail sales continued to show resilience despite mounting inflationary pressures across the economy. According to data released on Friday by the Federal Reserve, industrial production in the United States increased 0.7% month-on-month in April. The reading followed a 0.3% contraction in March and exceeded market expectations for
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,
The cryptocurrency market has reversed the positive start it had on Friday, with Bitcoin and other leading cryptocurrencies currently in the red. Bitcoin, the leading crypto by market cap, is now trading at $79,000, declining by 1.67% over the last 24 hours. Meanwhile, CC, the native coin of the Canton Network, is down 6.9% in
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
Oobit, the crypto payments platform backed by stablecoin issuer Tether, has officially launched in Colombia, its ninth live market and the latest leg of a regional expansion that already spans Argentina, Chile, and Brazil. The announcement comes as the region’s crypto economy, valued at roughly $44 billion, continues to attract fintech operators betting on practical,