Economy

Economy
Economy

LIT price explodes 10%: is whale buying setting up another breakout?

Lighter (LIT) has climbed nearly 10% over the past 24 hours, outperforming a largely muted cryptocurrency market as whale accumulation, an upcoming token burn, and ecosystem updates have driven fresh buying interest. According to CoinGecko data, LIT traded around $2.36 at the time of writing after gaining about 9.7% over the previous 24 hours, outperforming

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Economy

Michael Burry exits Microsoft, Oracle stocks: why is he still shorting Palantir?

Michael Burry has exited his bullish Microsoft trade and closed his remaining bearish Oracle position, but one prominent artificial-intelligence wager is still alive: Palantir stock. That decision looks provocative after Palantir shares surged nearly 30% on Tuesday following another blowout quarter. The contrast suggests Burry’s remaining bet is less about whether AI demand exists and

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Economy

Cardano price jumps 8%: is ADA finally breaking out after months of pain?

Cardano’s ADA token has climbed more than 7% over the past 24 hours to trade around $0.20, extending its weekly rally as traders have responded to a series of network upgrades. According to Intersect, development of Cardano’s next major protocol phase, the Dijkstra era, has officially started following the successful activation of the Van Rossem

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Economy

Wall Street futures trade mixed today: 5 things to know before Wall Street opens

US stock futures were mixed on Thursday as Wall Street’s record-setting advance ran into a fresh test from the most crowded corner of the AI trade. Dow futures added 123 points or 0.3% and S&P 500 contracts were little changed, while Nasdaq 100 futures fell 133 points or 0.5% after Western Digital and SanDisk slid

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Economy

KuCoin Pay debuts business-focused crypto gift card solution

KuCoin Pay, the cryptocurrency payment service offered by KuCoin, has launched KuCoin Gift Card, a digital asset distribution solution that allows businesses to distribute USDT and USDC through digital gift cards. The platform supports bulk issuance and API integration, and is designed for use cases including customer rewards, promotional campaigns, employee incentives, and community engagement.

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Economy

Nio stock sits at a crucial support as deliveries jump: buy the dip?

Nio stock has come under pressure in the past few months, even as it became one of the fastest-growing companies in the electric vehicle industry. After peaking at $7 on April 7, it has slumped to $4.65, erasing billions of dollars in value. With the stock trading above a crucial support level, is it safe

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Economy

SpaceX stock rises ahead of first lockup expiry: here’s what investors should know

SpaceX is approaching one of the biggest milestones since its blockbuster public listing, with its first lockup period expiring today, allowing up to 911.5 million insider-held shares to become eligible for sale. The event is widely viewed as the company’s first major post-IPO test after its shares slumped following their earnings debut, raising questions about

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Economy

Dow opens 40 pts higher as chip stocks tumble despite Hormuz deal optimism

US stocks gained on Thursday as Wall Street was optimistic about a potential deal to reopen the Strait of Hormuz.  However, technology stocks were weak following the latest corporate earnings reports.  The Dow Jones Industrial Average rose 0.1% or 47 points, while the S&P 500 was almost unchanged after both indexes reached record highs earlier

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Economy

Why is Datadog stock down 18% despite a Q2 earnings beat and guidance raise?

Datadog shares DDOG dropped nearly 18% at market open on Thursday despite the cloud monitoring and analytics company reporting better-than-expected second-quarter earnings and raising its full-year financial outlook. The sharp decline came after the stock had reached a record closing high earlier this week, with analysts pointing to profit-taking and elevated investor expectations for 2H

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Economy

Duolingo stock sinks 15% as Q3 revenue forecast misses expectations

Duolingo DUOL shares fell about 15% on Thursday after the language-learning platform issued a third-quarter revenue forecast that fell short of Wall Street expectations, overshadowing better-than-expected second-quarter results and stronger user growth. The company reported second-quarter revenue of $298.5 million, an 18% increase from a year earlier and above analysts’ expectations of $295.6 million, according

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