The New York Times’ stock has pulled back into a local correction, retreating from its year-to-date high of $87.18 to $75. The decline follows profit-taking after Berkshire Hathaway disclosed its stake in the company back in February. Even so, the underlying business remains strong, and that strength points to a likely rebound heading into earnings.
US stocks opened higher on Tuesday after softer-than-expected June inflation data reduced expectations of an immediate Federal Reserve rate hike. Investors also assessed second-quarter earnings from major US banks and corporate results, while keeping an eye on rising oil prices following renewed tensions in the Middle East. The S&P 500 rose about 0.12%, while the
Citigroup beat Wall Street estimates for second-quarter profit after reporting its highest quarterly revenue in a decade, as strong trading activity and higher investment banking fees boosted results. The bank reported net income of $5.8 billion, or $3.15 per share, representing a 45% increase from the same period last year. Analysts had expected earnings of
Derive (DRV) has emerged as one of the strongest-performing cryptocurrencies over the past 24 hours, posting a 52% gain while much of the broader digital asset market traded with little direction. The sharp price surge has pushed the token close to its all-time high and drawn renewed attention to the decentralized derivatives protocol. The rally
West Texas Intermediate (WTI) and Brent crude oil benchmarks rose slightly on Hyperliquid as tensions between the US and Iran escalated. WTI rose to $73, with its 24-hour volume and open interest rising to $113 million and $222 million, respectively. Brent rose to $78, with a trading volume of $63 million. Iran closes Strait of
The Kospi Index is stuck in a local bear market after falling 21% from its year-to-date high. It ended the week at 7,475, down sharply from the year-to-date high of 9,387. This article highlights some of the top catalysts for South Korean stocks this week. Kospi Index chart | Source: TradingView Kospi Index to react
The S&P 500 Index continued rising and neared its all-time high on Friday as some big tech companies like Nvidia and AMD rebounded. It ended the week at 7,575, with its perpetual futures on Hyperliquid ticking downwards today. This article explains some of the top catalysts for the SPX Index and key ETFs like VOO
Bloom Energy stock has retreated into a bear market, falling by 33% from its highest point this year. It dropped to $234 today, continuing a trend that started on June 25 when it reached a record high of $350. So, is this the start of a prolonged bear market or will it rebound soon? Bloom
SpaceX (SPCX) shares fell more than 2% on Friday, extending a volatile stretch that has erased the stock’s post-IPO gains as investors continue debating whether Elon Musk’s AI and space ambitions justify one of the world’s richest valuations. The stock traded around $148, below its $150 listing price, after briefly soaring to a record closing
Cardano (ADA) traded higher on Friday as investors responded to fresh developments surrounding the network’s leadership and ongoing technical progress. The cryptocurrency climbed to $0.1688, marking a 0.6% gain over the past 24 hours, while trading near the upper end of its daily range between $0.1650 and $0.1697. Although the daily move was modest, ADA