The IREN stock price made a strong bearish breakout on Monday as it plunged to its lowest level since September this year. It has now erased some of the gains it made a few months ago when it jumped from $5 to $76. This article explores why the IREN share…
The MSTR stock price continued its downward trend as Bitcoin and other coins plunged on Monday. Strategy dropped by 8.15% on Monday, reaching a low of $162, which was slightly above the year-to-date low of $155.Strategy is at risk of mNAV crashing below 1The MSTR share price crashed by nearly…
The KOSPI Index has pulled back in the past few days as the recent bull run stalled at its all-time high. It was trading at KRW 4,027, a few points below the year-to-date high of KRW 4,212.Why the KOSPI Composite Index is falling KOSPI, the index tracking the biggest companies in…
The embattled Indian rupee roared back to life on Wednesday as the country’s central bank boosted its interventions. The USD/INR exchange rate tumbled from a record high of 91.07 to a low of 90.28, its biggest drop in months. So, will the rupee gains hold?Indian rupee rebounds amid RBI interventionThe…
The BT share price has pulled back in the past few months, undoing some of the gains it made earlier this year. It was trading at 182.40p, down by 16% from its highest point in August this year. This price is still much higher than the year-to-date low of 133p.BT…
The Dow Jones Index dropped for three consecutive days as jitters surrounding the artificial intelligence (AI) industry continued. It dropped to $48,115, down modestly from the year-to-date high of $48,847.Dow Jones Index has pulled back amid AI jitters One main reason why the Dow Jones Index has pulled back in the…
Europe’s policy, regulatory, and tech landscape is in flux as central banks, governments, and businesses adjust to mounting economic and political pressures.In the UK, the Bank of England faces a finely balanced rate decision as inflation cools but growth risks rise.Elsewhere, regulators are tightening the screws on short-term rentals, trade…
Global markets and policymakers faced a turbulent start to the week as Australia mourned a deadly antisemitic attack at Sydney’s Bondi Beach, and China reported fresh signs of economic slowdown.Nvidia moved to deepen its AI infrastructure with a key acquisition, and Bitcoin slid below $87,000 amid heavy liquidations.The developments underscore…
The S&P 500 turned negative on Monday as selling in major artificial intelligence names weighed on the broader market.The index edged down roughly 0.3% in midday trading, while the Dow fell about 145 points and the Nasdaq slipped 0.5%.The pullback extends the technology sector’s struggles from last week, when Broadcom’s…
BigBear.ai shares (NYSE: BBAI stock) tumbled roughly 6% on Monday, extending the broader market’s pullback from artificial intelligence and high-beta technology names.The decline erased near-term gains despite the company’s ambitious Ask Sage acquisition and strong government backlog.The development highlighted how small-cap AI plays remain vulnerable to sector-wide profit-taking and investor…