Figma stock price has crashed and is hovering near its all-time low as concerns about its business growth and costs jump. After peaking at $142 following its initial public offering, FIG stock has tumbled to $21, erasing billions of dollars in value. Still, there are signs that the stock is a good buy ahead of
OPEC has lowered its forecast for global oil demand growth in 2026, citing weaker consumption in advanced economies and signs of moderation in Asia, even as supply disruptions and price volatility continue to unsettle markets. In its Monthly Oil Market Report released Wednesday, the producer group said demand will rise by 1.2 million barrels per
Shares of Nvidia (NVDA) climbed on Wednesday, extending gains for a sixth straight session and hitting another record high. The stock jumped around 2% to hit a new record high of $227.16. The company’s market cap stands around $5.4 trillion. Investors grew more optimistic about the company’s prospects in China ahead of high-level US-China meetings
Shares of Alphabet Inc. (GOOGL) rose 1.86% on Wednesday as investors responded to continued growth in the company’s Waymo autonomous vehicle business and reports that Google is exploring orbital artificial intelligence data centers alongside SpaceX. The benchmark index S&P 500 was up 0.04% while the Nasdaq Composite gained 0.44%. The stock traded near $395, extending
Shares of Tesla (TSLA) rebounded sharply on Wednesday, climbing around 3% as investors quickly moved past the previous session’s selloff and refocused on the company’s autonomous driving ambitions. The recovery followed Tuesday’s roughly 3% decline and extended a broader rally that has lifted Tesla shares nearly 10% over the past week. The gains came despite
Belgium’s sudden inflation spike in April, driven by an energy shock spilling into wider consumer prices, has prompted ING Economics to warn of a dangerous pattern that could spread across Europe. ING’s Senior Economist Philippe Ledent cautioned that the surge, which lifted headline inflation to 4% from 1.65% in March, risks reigniting the kind of
US consumer inflation accelerated to 3.8% in April, marking its highest annual increase since May, 2023 as rising energy prices linked to tensions in the Middle East pushed up the cost of gasoline, food and household essentials. The latest reading from the US Bureau of Labor Statistics came in above economists’ expectations of a 3.7%
Private credit funds have marked down more than a tenth of their loans by at least 50%, according to new data released by MSCI, highlighting mounting pressure on borrowers in the $3.5 trillion private credit market. In a report published on Tuesday, MSCI said loans valued below 50% were a level typically associated with deep
Wall Street opened lower on Tuesday as investors reacted to a hotter-than-expected inflation report and mounting concerns that the ongoing US-Iran conflict could continue driving oil prices higher and delaying potential Federal Reserve interest rate cuts. The S&P 500 fell 0.39%, while the Nasdaq Composite dropped 0.66%. The Dow Jones Industrial Average slipped 156 points.
Cisco stock price continued its bull run this week and is now trading at its all-time high. It has jumped in the last six consecutive weeks, bringing its market capitalization to nearly $400 billion. Still, despite the stock being highly overbought, Jay Woods, a popular Wall Street analyst, believes that CSCO stock may surge by