Oil prices surged on Wednesday after US President Donald Trump said the ceasefire between the United States and Iran was over, reigniting concerns over supply disruptions in the Middle East and prompting a broad rally in crude markets. West Texas Intermediate (WTI) futures rose 5.69% to $74.45 per barrel, while Brent crude climbed 5.85% to
US stocks opened lower on Wednesday after President Donald Trump said an interim agreement aimed at ending the conflict with Iran was “over,” triggering a broad risk-off move across global markets as oil prices surged and investors reassessed geopolitical risks. The Dow Jones Industrial Average fell about 509 points, or 0.96%, while the S&P 500
Cash Cat (CASHCAT) has surged by more than 1,400% in the past 24 hours, making it one of the best-performing cryptocurrencies in the market despite a broader crypto selloff. The rally has pushed the meme coin to a new all-time high of $0.1418 before easing to around $0.1202, adding to its 5,530% seven-day gains. What
Spot gold and silver traded lower ahead of the market open on Wednesday as renewed tensions between the United States and Iran lifted crude oil prices offsetting the traditional safe-haven appeal of precious metals. At the time of writing, spot gold was trading near $4,074.10 per ounce, down 0.75% on the session, while spot silver
Celestica stock has done well in the past few years, helped by the ongoing artificial intelligence (AI) boom. Its US stock has jumped by 125% in the last 12 months and by over 4,500% in the last five years. Its $40 billion valuation has made it one of the biggest Canadian companies. Celestica stock has
Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45% from their highest level this year and have slipped below the 200-day moving average, while short interest remains elevated despite the company’s ongoing turnaround efforts. Rising short interest despite turnaround measures Plug Power,
Chinese artificial intelligence company Knowledge Atlas Technology JSC, better known as Zhipu AI, is seeking to raise around $4 billion through a share placement in Hong Kong. The share sale comes after its stock surged following its market debut earlier this year. The fundraising comes as investor interest in Chinese AI companies remains strong and
Shares of Fiserv climbed more than 6% in premarket trading on Tuesday after a report said several of the largest US banks had explored acquiring one of the fintech company’s debit-card networks, highlighting the growing strategic importance of payments infrastructure as banks compete with fintech firms and crypto players. According to The Wall Street Journal,
The S&P 500 Index and the VOO ETF have largely stagnated over the past two months as some of their biggest constituents, including Nvidia and Meta Platforms, have pulled back. The index was trading at 7,537, up 20% from its lowest level this year, and several key technical and fundamental factors suggest it has further
The UK’s FTSE 100 index edged higher on Tuesday as gains in energy stocks, led by Shell, offset weakness in precious metals miners. Rising oil prices and strength in consumer-focused shares also supported the benchmark index, while the midcap FTSE 250 traded lower. Energy stocks lead market gains The blue-chip FTSE 100 index rose 0.2%