Economy

Economy
Economy

BNB price outlook: Binance Coin targets $647 as bullish pattern takes shape

Binance Coin (BNB) is back in focus after a series of developments strengthened interest in the Binance ecosystem while technical indicators pointed to a possible trend reversal. At the time of writing, BNB was trading at $577.34, leaving it within striking distance of the next major technical hurdle. Bullish chart pattern puts $647 in focus

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Economy

$10,000 in each of QQQ, TQQQ, and SQQQ 5 years ago: Here’s the result

The technology sector has done well in the past decade, with the Nasdaq 100 Index beating its top peers like the S&P 500 and the Dow Jones. This article explores the outcome if one had invested $10,000 in the Invesco QQQ ETF (QQQ), ProShares UltraPro QQQ (TQQQ), and ProShares UltraPro Short QQQ (SQQQ) five years

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Economy

SanDisk stock is stuck in a bear market: buy the dip or sell the rip?

SanDisk stock has continued its weakness this week, falling to its lowest level since May 22. It has dropped by 35% from its highest level this year. Still, top analysts tracking the company have maintained a bullish outlook, pointing to its strong growth. Many analysts are bullish on the SanDisk stock Top analysts covering SanDisk

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Economy

Micron stock plunges: Has it topped, or is this a rare buying opportunity?

Micron stock has plunged since reaching a record high of $1,255 on June 25. Shares have fallen about 30%, mirroring the sharp declines seen across the memory chip sector, including industry leaders Samsung and SK Hynix. So, has Micron reached its peak, or is this pullback a golden buying opportunity? Micron stock is falling despite

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Economy

Gold under pressure as resilient consumer spending dampens demand

Gold remained under pressure on Thursday as resilient US consumer spending and a continued rally in oil prices weighed on investor sentiment, offsetting support from softer inflation expectations and ongoing geopolitical tensions. The precious metal struggled to hold support at $4,000 an ounce, with investors reassessing the outlook for interest rates after the latest US

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Economy

JPMorgan posts record Q2 profit as trading, investment banking revenue surge

JPMorgan Chase reported record second-quarter profit on Tuesday, helped by robust investment banking activity and a sharp jump in trading revenue as volatile financial markets boosted client activity. Despite the earnings beat, shares of the largest US lender fell more than 2.5% in premarket trading after the bank raised its forecast for 2026 expenses to

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Economy

Figma stock forms a rare double-bottom pattern: is a rebound coming?

Figma stock has staged a modest comeback in the past few days, moving from a record low of $16.80 to the current $23.65. This rebound may continue in the coming weeks after the stock formed a double-bottom pattern and as its earnings report looms.  Figma stock technical analysis points to more gains The daily chart

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Economy

Figma stock forms a rare double-bottom pattern: is a rebound coming?

Figma stock has staged a modest comeback in the past few days, moving from a record low of $16.80 to the current $23.65. This rebound may continue in the coming weeks after the stock formed a double-bottom pattern and as its earnings report looms.  Figma stock technical analysis points to more gains The daily chart

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Economy

IBM shares fall 23%: CEO says Q2 earnings fell short as customers spent more on AI

International Business Machines shares plunged more than 23% on Tuesday, marking their steepest single-day decline in decades after the technology company released preliminary second-quarter results that fell short of Wall Street expectations. The hardware, software, and consulting company reported adjusted earnings of $2.93 per share on revenue of $17.2 billion, missing analysts’ expectations of earnings

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Economy

Gold recovers after two-week low as softer US CPI boosts Fed outlook

Gold prices recovered strongly on Tuesday, reversing losses from a sharp sell-off as cooler-than-expected US inflation data reinforced expectations. The precious metal had come under pressure in the previous session, briefly touching a two-week low as investors refrained from placing large bets ahead of the release of the US CPI data and Federal Reserve Chair

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