In today’s “Weekly Market Recap”, EarningsBeats.com’s Chief Market Strategist Tom Bowley looks ahead to determine the likely path for U.S. equities after the weekend bombing of Iran nuclear sites. Are crude prices heading higher? Will energy stocks outperform? What additional roadblocks might we have to negotiate after the latest Fed meeting and policy statement? Could we see fallout from June ...
Crude oil futures rose more than 1% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran. U.S. crude oil was last up $1.36, or 1.81%, to $76.50 per barrel by 9:38 a.m. ET, while global benchmark Brent added $1.10, or 1.43%, to $77.80 per barrel. Prices have gained more than 11% over the seven ...
Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington. The U.S. company posted on the Chinese social media service Weibo that the project would be the largest of its kind in China when completed. Utility-scale battery energy storage systems help electricity grids keep supply and ...
Friday (June 20) was the last day for the spring session of Canada’s parliament before its summer break. On the agenda for the day was a vote on bill C-5, “The One Canadian Economy Act,” which was introduced on June 5. The bill is in part a response to the recent shift in US trade policy under Donald Trump’s administration. ...
This week, Microsoft (NASDAQ:MSFT) and OpenAI’s once tight alliance showed signs of strain, while Meta Platforms (NASDAQ:META) continued to source artificial intelligence (AI) talent from rival companies. Meanwhile, SoftBank’s (TSE:9434) CEO is considering a new chip and robotics venture in Arizona, and Google (NASDAQ:GOOGL) is looking to bring AI solutions to American cities. Read on to dive deeper into this ...
The Solana Foundation has extended its streak of victories with the announcement of a partnership with Kazakhstan to establish a special economic zone. Dubbed the Solana Economic Zone, the collaboration brings Kazakhstan one step closer to its goals of digitization as Solana continues to court institutional interest. Solana Foundation Launches Solana Economic Zone Members of The post Solana Foundation Signs ...
In a shocking update today, US president Donald Trump posted that United States of America has bombde three Iranian nuclear facilities. The crypto market is crashing including large cap coin like Bitcoin and Ethereum both down by more than 5% in last on week. US Bombs Iranian Nuclear sites, Crypto Market Tumbles The ongoing conflict The post US Iran War: ...
U.S. stocks are on the cusp of a very impressive breakout to all-time highs, but are still missing one key ingredient. They need help in the form of a semiconductors ($DJUSSC) breakout of its own. When the DJUSSC reached its all-time high on June 20, 2024, one year ago, a nasty bearish engulfing candle printed on extremely heavy volume, I ...
As the crypto market turmoil continues amid the increasing geopolitical tension, the debate on whether crypto ETF (Solana vs Litecoin) will receive the SEC’s approval continues. The US Securities and Exchange Commission is reviewing nearly 100 ETF filings. Due to constant delays, they have yet to decide on one or more within this year. Who The post Solana vs Litecoin: ...
The Circle (CRCL) stock surged an additional 20% on Friday, and is already up by 700% since its IPO earlier this month. Despite these massive gains, billionaire investor Chamath Palihapitiya noted that the stablecoins firm’s employees lost nearly $3 billion, as the company had to go for a traditional IPO route instead of SPAC merger. The post Circle Employees Lost ...
Suga, a rapper and songwriter in the global K-pop sensation BTS, has been discharged from South Korea’s mandatory military service, marking the official return of all seven members from their enlistment duties. The label confirmed that Suga completed his alternative service duties on Wednesday after using up his remaining leave. His official discharge date is Saturday. BTS’ management agency, Big ...
Heineken has lost operational control and withdrawn its staff from its facilities in conflict-affected areas of eastern Democratic Republic of Congo, the Dutch brewer said on Friday. The beverages giant said in March that its operations in three eastern cities would remain suspended until it was safe to reopen, after some of its breweries were hit and its depots raided ...