The global cryptocurrency market has crossed a new milestone, achieving a total market capitalisation of $3.2 trillion, driven by heightened investor interest and recent policy shifts in the US. CoinGecko’s latest data, released on November 14, underscores the crypto market’s revival, reaching levels not seen since the speculative highs of…
Rivian stock price jumped sharply on Wednesday after the company unveiled details of its $5.8 billion joint venture with Volkswagen. It jumped to $12, up by 25.6% from its lowest level this month, valuing the EV company at over $10 billion. Rivian and Volkswagen joint venture The main catalyst for…
As consumer demand for healthier eating habits continues to rise, food companies tapping into the health and wellness trend are seeing significant growth. Simply Good Foods, which sells a range of low-carb, low-sugar, and high-protein products, is one such company. Despite this growth, the company’s stock has not fully reflected…
US consumer prices rose in October as expected, driven by higher shelter costs, including rents, indicating that the path toward lower inflation has slowed since mid-year. This could mean the Federal Reserve will be more cautious in cutting interest rates next year. The Labor Department’s report on Wednesday showed the…
The Dow Jones Industrial Average edged up on Wednesday as investors aimed to extend a post-election rally following an inflation report that met expectations. The blue-chip index rose by 258 points, or 0.3%. Meanwhile, the S&P 500 also advanced 0.3%, and the tech-heavy Nasdaq Composite increased by 0.2%. Rivian, Cava,…
Following Donald Trump’s recent US election victory, Elon Musk’s support for the president-elect appears to have triggered a departure of some users from X, the popular social media platform he owns. Bluesky, a social networking alternative, has partly benefited from this shift, with many disillusioned X users turning to it…
As the cryptocurrency industry looks to a potential Donald Trump-led US for clearer regulations and promises of global crypto dominance, the British government is preparing to outline its own plans for sector regulation. Citing sources familiar with the plans, a report by Bloomberg said the Treasury is preparing two legislative…
Gold prices sank to a near two-month low on Thursday as an appreciating dollar weighed on the commodity complex after inflation in the US remained sticky. The gold price drifted lower for the fifth consecutive trading day as the dollar maintained its postelection rally. A stronger dollar makes commodities priced…
Rivian Automotive Inc (NASDAQ: RIVN) is up more than 13% in premarket this morning after Volkswagen Group (ETR: VOW3) increased its planned investment in the electric vehicle maker to $5.8 billion. Volkswagen was originally expected to spend up to $5 billion to set up a joint venture with Rivian. On…