From Silicon Valley power plays to international legal battles, the overnight news cycle was relentless. Here is your cheat sheet: PayPal is eyeing a banking charter, Tesla is testing driverless tech in Texas, and SpaceX just made Elon Musk wealthier than ever. But the biggest headline might be happening in…
Ford stock price held steady at its highest since 2022 after the company admitted that its electric vehicle bet had backfired. It was trading at $13.65, up by nearly 70% from its lowest level in April this year, bringing its market capitalization to over $54 billion.Ford’s EV bet has backfired There…
Prediction markets are emerging as one of fintech’s fastest-growing revenue streams, according to new analysis from Citizens Financial Group, cited in a Bloomberg report.Platforms that allow users to trade on the probability of real-world events are seeing sharp increases in activity, drawing attention from retail traders, institutions, and major brokerage…
The global AI boom looks unstoppable when measured by stock prices. Trillions of dollars in market value rest on the idea that machines are changing work, productivity, and profits. But AI is not just a technology race. It is becoming one of the largest debt-funded infrastructure projects in modern history, and…
FactSet stock price has crashed this year, mirroring the performance of other companies in the data services industry like MorningStar. FDS has dropped by 41% from its highest level in November, lowering its market capitalization from a high of $18.86 billion to the current $10.9 billion. Is it safe to…
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Gold prices were hovering below the $4,400-per-ounce mark as safe-haven buying increased, while the dollar slipped against major currencies.Silver prices on COMEX also rose more than 3% on Monday, with the metal shy of Friday’s record high.Meanwhile, oil prices were in the red as a potential peace deal between Russia…
Copper prices increased on Monday, with contract expiry-related position rolling by some traders overriding current concerns.This move helped the market temporarily disregard weak economic data and ongoing worries about China’s crucial property sector, which is the top consumer of the metal, according to a Reuters report.Copper prices experienced a volatile…
The recent US seizure of a tanker off Venezuela’s coast will have a limited immediate effect on the Chinese market. A significant amount of Venezuelan oil was already headed to China with the country having a current surplus of crude in storage amid weaker domestic demand, according to a Reuters report. Exports…
Brazil’s economy entered the fourth quarter with a surprise contraction in October, adding to signs that activity is cooling under tight monetary policy. On Monday, data from the Central Bank revealed that the Economic Activity Index (IBC-Br), a reference indicator for gross domestic product (GDP), decreased 0.2% in October compared…