Shares of Reliance Industries Ltd (RIL) dropped over 2.5% in Monday’s trading session, as investors appeared unimpressed by the conglomerate’s highest-ever quarterly profit and EBITDA performance, amid underwhelming results in its key retail and oil-to-chemicals (O2C) segments.The stock opened at ₹1,465 per share, below the previous close of ₹1,476, and…
This week’s most notable news is that Gen Z is boosting the use of cryptocurrencies across Latin America. Millennials also show strong adoption, using crypto for a wide variety of expenses.On the other hand, stablecoins remain the most traded crypto assets in Latin America. USDT alone accounts for over 40% of…
Japan’s ruling coalition suffered a significant setback in Sunday’s upper house election, losing its majority amid mounting public frustration over inflation, trade policy, and the rising influence of right-wing populism. Despite the result, Prime Minister Shigeru Ishiba has said he has no intention of stepping down.The election outcome adds to…
Shares of Reliance Industries Ltd (RIL) dropped over 2.5% in Monday’s trading session, as investors appeared unimpressed by the conglomerate’s highest-ever quarterly profit and EBITDA performance, amid underwhelming results in its key retail and oil-to-chemicals (O2C) segments.The stock opened at ₹1,465 per share, below the previous close of ₹1,476, and…
After a highly volatile June, Brent oil prices are now trading in a tight range, stabilising around $70 per barrel.Seasonal demand highs are currently bolstering prices, with the International Energy Agency projecting a 3.7 million barrel increase in daily refinery processing from May to August. Additionally, demand for power generation is…
The second-quarter earnings season for the influential “Magnificent Seven” technology stocks begins this week with results from Alphabet Inc. and Tesla Inc., setting the stage for how Big Tech will shape the broader S&P 500’s financial performance.The group—comprising Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla—is expected to report combined…
Copper price ended last week in the green; marking five consecutive weeks of gains. However, it has remained range-bound after pulling back from the record high hit earlier in the month. On the one hand, concerns over the aggressive US tariffs had traders stocking up ahead of the enactment on 1st…
Bitcoin price may be on the cusp of a strong bullish breakout after forming highly bullish chart pattern, and as its exchange-traded fund (ETF) inflows gained steam. The BTC token was trading at $118,435, lower than the all-time high of $123,200.Data compiled by SoSoValue shows that spot Bitcoin ETFs continue…
Meituan share price rose by over 2.75% on Monday to H$133.4, up from the year-to-date low of H$116.2. It has now crashed by nearly 40% from last year’s high of H$216. Why the Meituan share price roseThe Meituan stock price rose slightly on Monday morning as Chinese authorities moved to temper…
The Schwab US Dividend Equity ETF (SCHD) and the JPMorgan Equity Premium Income ETF (JEPI) have rebounded in the past few months, mirroring the performance of the broader stock market. JEPI has jumped by over 17% from its lowest point this year, and is hovering near to its all-time high of…