US fast-food chain Steak ‘n Shake has credited its embrace of Bitcoin for a 10.7% same-store sales increase in the second quarter, outpacing major competitors and bucking broader industry trends. The growth, reported on Friday, was the strongest among America’s top fast-food names in the period, with McDonald’s seeing a…
European markets opened on a positive footing Tuesday, riding a wave of global optimism after the United States stepped back from the brink of a trade war escalation with China. The continent-wide rally provided a moment of calm, but investors remain on high alert as they pivot their focus to…
Hopes of a dramatic increase in US soybean exports to China have been dashed, with Commerzbank AG calling a quadrupling of deliveries “completely unrealistic.”Soybean prices surpassed $10 per bushel on Monday, following remarks from US President Donald Trump. He expressed optimism that China would soon increase its soybean purchases from…
Beijing escalated its trade dispute with Ottawa on Tuesday, announcing a preliminary anti-dumping duty on Canadian canola imports. This move marks a significant development in a year-long economic disagreement that originated last August when Canada implemented tariffs on Chinese electric vehicle imports. The imposition of duties on canola, a major Canadian agricultural…
Alibaba stock price has remained in a tight range in the past few months as the momentum it had earlier this year faded. BABA was trading at $120 on Monday, down by 17% from its highest point this year as focus shifts to its upcoming quarterly results. Alibaba’s business is in…
Applied Materials stock price has pulled back from last week’s high of $200 to the current $185. It remains about 50% above the year-to-date low as investors focus on its upcoming quarterly earnings on Thursday. It has formed an inverse head-and-shoulders pattern, pointing to a rebound ahead or after its…
Shares of e.l.f. Beauty (NYSE: ELF) jumped 11% in Monday trading following a notable upgrade from Morgan Stanley, which raised its rating on the cosmetics company from Equalweight to Overweight. The investment bank also boosted its price target significantly to $134 from $114, reflecting renewed investor optimism despite ongoing challenges.The…
GLD ETF has sustained last week’s gains as the market remains cautiously bullish. At the same time, gold price edged lower in early Monday session as a positive market sentiment offset Fed rate cut optimism. At the time of writing, the gold derivative was hovering slightly below the steady resistance…
The US Dollar Index (DXY) remained in a tight range on Tuesday as market participants waited for the upcoming US Consumer Price Index (CPI) data. It was trading at $98.50, higher than the year-to-date low of $9632. US Inflation report aheadThe DXY Index rose to $98.50 ahead of the July consumer…
The AUD/NZD exchange rate held steady on Tuesday and was about to form a golden cross after the Reserve Bank of Australia (RBA) delivered its interest rate decision. It was trading at 1.0965, up by nearly 3% from its lowest level this year. RBA interest rate decisionThe AUD/USD exchange rate rose…