Economy

Economy
Economy

Bitcoin Cash price outlook: Can BCH build on Bitcoin-led gains?

Bitcoin Cash (BCH) traded at $236.38 at the time of writing, posting a 1.5% gain over the past 24 hours. The move comes as the broader cryptocurrency market recorded modest gains, with Bitcoin (BTC) also moving higher during the same period. While BCH has outperformed the wider market slightly, recent price action suggests that the

Read More
Economy

Gold recovers as strong US labor data offsets earlier pressure from higher oil prices

Gold prices moved higher on Thursday, recovering above the $4,100 mark after stronger-than-expected US lalabourbour market data boosted investor sentiment. The gains came after the precious metal traded lower earlier in the day as rising oil prices fueled concerns that inflation could remain elevated and delay potential interest rate cuts. Spot gold climbed to an

Read More
Economy

Dow Jones slips even as chip stocks offset renewed US-Iran tensions

US stocks opened higher on Thursday as gains in semiconductor shares helped offset renewed geopolitical concerns after fresh exchanges of attacks between the United States and Iran threatened to prolong the conflict and keep investors on edge. The Dow Jones Industrial Average fell 28 points, or 0.05%, while the S&P 500 gained 0.11%. Nasdaq Composite

Read More
Economy

US jobless claims declined last week as labour market holds steady

The number of Americans filing new applications for unemployment benefits declined last week, pointing to continued resilience in the US labour market even as hiring slowed sharply in June. Initial claims for state unemployment benefits fell by 2,000 to a seasonally adjusted 215,000 in the week ended July 4, the Labor Department said on Thursday.

Read More
Economy

Broadcom stock is in a local bear market: will it retest its record high?

Broadcom stock price rose by 5% on Wednesday after extending its relationship with Apple. AVGO rose to $395, a 10% increase from its lowest level this month. It remains in a local bear market after falling by 20% from its highest point this year. So, will it rebound and retest its all-time high? Broadcom expands

Read More
Economy

Salesforce stock falls after KeyBanc downgrade on AI growth concerns

Salesforce Inc. (CRM) shares fell 2.5% on Thursday after KeyBanc downgraded the software company, citing concerns that its Agentforce artificial intelligence platform may take longer than expected to become a meaningful growth driver. The downgrade came despite Salesforce’s strong position in enterprise software and follows the company’s better-than-expected fiscal first-quarter results reported in late May.

Read More
Economy

Is the 3.2% yielding SCHD ETF a buy as one-year Treasury yields hit 4.06%?

The Schwab US Dividend Equity ETF (SCHD) has moved sideways in the past few days. It has remained inside the key support and resistance levels of $31.60 and $32.90 since May. Despite the consolidation, SCHD is having a strong year, with inflows rising by over $13 billion and its assets nearing the $100 billion mark.

Read More
Economy

SanDisk stock drops as Samsung-led chip selloff hits memory sector

Shares of SanDisk Inc. (SNDK) fell sharply in trading on Tuesday as a broad selloff in memory-chip stocks spread from South Korea to US markets despite strong preliminary earnings from Samsung Electronics. SanDisk shares declined 8% after falling 23% over the previous three trading sessions. The stock has been one of the strongest performers in

Read More
Economy

KuCoin partners with UAE Team Emirates–XRG ahead of 2026 Tour de France

KuCoin, a cryptocurrency exchange, has announced a partnership with UAE Team Emirates–XRG, a professional cycling team. The partnership will make its public debut at the 2026 Tour de France, with KuCoin branding displayed on the team’s buses, support vehicles, and fleet cars throughout the three-week race. Under the agreement, KuCoin will become the team’s exclusive

Read More
Economy

Samsung’s earnings send a warning ahead of Big Tech results: brace for volatility

Samsung Electronics delivered blockbuster quarterly earnings, but its sharp share-price decline may have offered investors a more important message than the results themselves: in a market driven by artificial intelligence, strong numbers are no longer enough. The South Korean technology giant reported a near 20-fold increase in second-quarter operating profit and roughly doubled revenue from

Read More