SanDisk stock (NASDAQ: SNDK) tanked roughly 20% on Thursday in a brutal reversal that caught many investors off guard.The memory chip maker had been riding high just days earlier on strong Q1 earnings and exceptionally bullish guidance for Q2, with stock price targets from top analysts ranging as high as…
Asian semiconductor stocks faced sharp declines on Friday after Nvidia’s unexpected drop on Wall Street triggered a broad sector-wide pullback, despite the US chip designer posting stronger-than-expected earnings and offering an upbeat outlook. The retreat was led by steep losses in Japan’s SoftBank, which fell more than 10% in Tokyo…
Global economic developments unfolded across multiple regions on Friday, with US banks altering their support strategy for Argentina, Japan unveiling a sweeping stimulus package, OpenAI expanding its AI infrastructure footprint through a new partnership with Foxconn, and Singapore raising its 2025 economic outlook on stronger-than-expected growth. US banks scale back…
Things used to be simple in the markets. AI would carry US stocks higher for a couple of years, regardless of what the economy looked like.But this story broke down in recent days, even with the king of AI stocks, Nvidia, delivering another strong set of numbers. The market cheered…
Ocado share price continued its painful crash this week as it plunged to its lowest level since 2013. It has plunged from the pandemic high of 2,910p to the current 187p as setbacks accelerated. So, is it safe to buy the dip in this fallen angel?Ocado in trouble amid Kroger…
The United States has reversed its hefty tariffs on Brazilian food products, marking a major shift in how the White House is handling trade at a time when food costs continue to squeeze households. The 40% duties, imposed in July to pressure Brazil over actions linked to the prosecution of…
The global stock market is going down today, Nov. 21, mirroring the performance of American shares on Thursday. In Europe, the German DAX, French CAC 40, and the British FTSE 100 fell by over 0.60%. The closely-watched Stoxx 50 Index dropped by over 1%, with most of its constituent companies being…
PayPoint share price suffered a big reversal after forming a triple-top pattern on the weekly chart and after publishing relatively weak financial results. PAY plunged by over 20% in its worst day in years. It moved to a low of 512p, its lowest point since June last year.PayPoint share price…
Institutional exit is among the reasons behind today’s continued sell-offs in the digital currency market. The turmoil coincides with substantial uncertainty in crypto ETFs, with the products delivering what seems to be an upside-down performance.Market movers Bitcoin and Ethereum battled massive selling momentum, while Solana and XRP attracted fresh funds,…
Despite a stronger-than-anticipated increase in US jobs growth for September, the unemployment rate also climbed as more workers entered the labour market seeking employment. With the Federal Reserve recently adopting a more hawkish stance and a lack of key data releases ahead of the December 10 FOMC meeting, market consensus is…