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Nvidia stock rises for 10th day: what’s behind the recent strength

Nvidia shares rose on Tuesday, putting the stock on track for a 10th consecutive session of gains. At the time of writing, the Nvidia stock was up 1.6% to trade around $192. The move was supported by a broader market rally. The S&P 500 gained 0.4%, while the Dow Jones Industrial Average added 158 points,

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Business

IMF cuts UK, Germany growth forecasts on energy shock from Iran conflict

The International Monetary Fund has sharply downgraded economic growth forecasts for both the United Kingdom and Germany, citing the inflationary fallout from the Iran conflict. Britain recorded the steepest downgrade among major advanced economies. The IMF now expects the UK economy to grow by 0.8% in 2026, down from its earlier projection of 1.3%. UK

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Business

Wells Fargo stock slips on NII miss: can growth offset rate pressure?

Shares of Wells Fargo fell on Tuesday after the lender reported first-quarter net interest income that came in below Wall Street expectations, highlighting the near-term pressure from lower interest rates even as broader fundamentals remained stable. The stock dropped about 4.9% following the results, extending its year-to-date decline to roughly 13%. The reaction came despite

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Business

What pushed COAI price to $0.56 and what next after pullback?

ChainOpera AI (COAI) has been one of those tokens that suddenly went from quiet to chaotic almost overnight. In just 24 hours, the token’s price exploded from the lower end of its range near $0.28 to a sharp peak around $0.565, before cooling off and settling closer to $0.3857. Moves like this rarely happen in

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Business

Will Solana drop below $80 as downward pressure builds?

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are all trading in the red as the broader crypto market feels the pressure of the US-Iran conflict. Bitcoin’s price has slipped below $71,000, while Ether and XRP are trading below $2,200 and $1.35, respectively. Solana’s SOL is also underperforming and could face further selling pressure in the

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Business

Why is Goldman Sachs stock falling despite blowout earnings?

Shares of Goldman Sachs fell more than 4% in premarket trading despite the Wall Street giant reporting a strong first-quarter performance, as investors focused on weaknesses in parts of its business and a more uncertain outlook. The bank said profit rose 19% in the first quarter, supported by a rebound in dealmaking and heightened market

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Business

Palantir stock rebounds as Cathie Wood buys, Trump backs AI firm

Shares of Palantir Technologies rose in early trading on Monday, rebounding after a recent selloff as high-profile support from investors and political figures helped lift sentiment. The stock gained about 2.49% before the bell, trading near $131, even as broader market futures pointed lower amid geopolitical tensions. The move higher follows a difficult stretch for

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Business

Dow Jones sinks 360 points as Iran talks collapse, oil surge rattles markets

US stocks fell sharply on Monday, starting the week on a weak note as investors reacted to the collapse of US-Iran weekend talks and a surge in oil prices following fresh military developments in the Strait of Hormuz. The Dow Jones Industrial Average dropped 368 points, while the S&P 500 fell around 0.32%, and the

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Business

Why does HSBC expect the dollar to weaken despite gains?

The US dollar moved higher on Monday after weekend talks between Washington and Tehran failed to produce an agreement to end the ongoing conflict. According to CNBC, the greenback gained 0.3% against the euro, trading at $1.169, and rose 0.25% against the British pound to $1.342. The uptick in the currency came after peace negotiations

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Business

US-Iran peace talks fail: what’s next for VanEck Semiconductor ETF (SMH)

The VanEck Semiconductor ETF (SMH) is in sharp focus on Apr. 13 after the high-stakes US-Iran peace talks collapsed, dashing hopes of a diplomatic resolution in the Middle East. SMH is now flashing technical caution as its relative strength index (RSI) hovers in the late 60s, a level that suggests the asset is rapidly approaching

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