Economy

Economy
Economy

Gold gains despite weak US durable goods data and uneven safe-haven demand

The gold market continued to struggle to attract a consistent safe-haven bid on Monday, even as fresh US economic data pointed to weaker-than-expected growth in the manufacturing sector. Gold prices showed limited reaction to the disappointing durable goods figures. Analysts noted that weaker manufacturing activity could potentially offer some support to the precious metal. Spot

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Economy

Cardano price prediction: Can ADA break above $0.17 or is another drop ahead?

Cardano (ADA) is trading at a decisive point after spending the past several sessions under sustained selling pressure. While bulls have managed to defend key support levels, repeated failures to reclaim higher resistance have left traders waiting for a clear directional move. With technical indicators sending mixed signals and derivatives traders maintaining a cautious stance,

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Economy

Plug Power stock gets oversold as options market bets on rebound after earnings

Plug Power stock remains in a deep bear market after falling by over 50% from the highest point this year. This retreat will be put to the test on August 7 after the company publishes its financial results. So, will the stock rise or drop after its earnings report? Options market suggests high volatility after

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Economy

GOOG stock rebounds as Wall Street continues to back AI strategy despite PT cuts

Alphabet GOOGL shares rebounded on Monday after suffering a sharp selloff following last week’s quarterly earnings, with several Wall Street brokerages maintaining bullish recommendations even as they trimmed price targets in response to the company’s aggressive artificial intelligence investment plans. Shares of the Google parent rose nearly 3% at the market open, signalling that investors

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Economy

Evening digest: Anthropic unveils Opus 5, oil eases from $100 surge

On Friday, Anthropic introduced Claude Opus 5, a lower-cost artificial intelligence model aimed at enterprise users seeking greater value from AI investments. Nvidia, Microsoft and other technology companies urged US policymakers to support open-weight AI models to strengthen the country’s AI leadership. Gold prices recovered as oil retreated from above $100 a barrel ahead of

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Economy

Is the Musk premium baked into SpaceX stock price?

Investors betting on SpaceX (SPCX) shares are buying into more than just reusable orbital rockets and a global satellite internet network – they are purchasing a ticket to the visionary leadership of Elon Musk. However, according to a recent analysis from HSBC, that celebrated “Musk factor” may already be fully priced into the equity. Analysts

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Economy

Dow gains as Apple offsets chip weakness, S&P 500 closes near flat

US stocks ended mixed on Friday as gains in the Dow Jones Industrial Average were offset by weakness in semiconductor stocks, while investors continued to monitor developments in the Middle East and their potential impact on global markets. The Dow Jones Industrial Average rose 235 points, or 0.5%, supported by a 3% gain in Apple

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Economy

Three ‘popular stocks’ Cathie Wood has sold in July

As capital markets navigate mid-summer volatility, Cathie Wood’s ARK Invest has been quietly repositioning its flagship portfolios. The growth-focused asset manager made headlines throughout July 2026 by taking profits and trimming exposure to several market darlings. Rather than abandoning technology, Wood’s systematic divestments reflect a tactical pivot away from mature tech valuations toward high-conviction, early-stage

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Economy

Three ‘popular stocks’ Cathie Wood has sold in July

As capital markets navigate mid-summer volatility, Cathie Wood’s ARK Invest has been quietly repositioning its flagship portfolios. The growth-focused asset manager made headlines throughout July 2026 by taking profits and trimming exposure to several market darlings. Rather than abandoning technology, Wood’s systematic divestments reflect a tactical pivot away from mature tech valuations toward high-conviction, early-stage

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Economy

Why are Nvidia-backed CoreWeave, Nebius, and IREN stocks plunging?

Top neocloud companies, including those backed by Nvidia, have fallen sharply over the past few days as concerns about the industry’s outlook have intensified and investors await the upcoming earnings reports from major technology companies. Nebius stock has dropped by 37.3% from its highest point this year. It recently revealed that Nvidia owns a 9.3%

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