Private student lenders such as SoFi Technologies Inc. could emerge as major beneficiaries of President Donald Trump’s proposed tax legislation, which introduces new limits on how much students and parents can borrow from the federal government. The bill, passed by the Senate and awaiting a vote in the House, is…
On Wednesday, US President Donald Trump unveiled a new trade agreement with Vietnam, marking it as the first Asian nation to secure such a deal with the US. This agreement stipulates a 20% tariff on imports from Vietnam, with a higher 40% tariff imposed on goods transhipped from third countries.Although not…
TripAdvisor shares rallied for a second straight day on Thursday after activist investor Starboard Value was reported to have taken a more than 9% stake in the company, worth about $160 million.The news, first reported by The Wall Street Journal, sent TripAdvisor stock more than 5% higher in premarket trading,…
The USD/JPY exchange rate remained under pressure this week as the US Dollar Index (DXY) declined. It also retreated as traders reacted to a statement by Jerome Powell and as they waited for the upcoming US nonfarm payrolls data.The USD to JPY exchange rate retreated to a low of 142.70…
XPeng stock price remained under pressure even after the company published strong delivery data. XPEV stock was trading at $18.25 on Tuesday, down by over 32% from its year-to-date high. This article explores what to expect in the coming weeks as it has formed a highly bullish cup-and-handle pattern. XPeng business is…
Nio stock price has crashed in the past few years and is hovering at its lowest point since 2020. It has plunged by 95% from its highest point in January 2021, bringing its market capitalization to over $83 billion to $6.90 billion today.Why Nio share price has plungedNio share price…
Wynn Resorts stock price went parabolic and reached its highest level since October 2024. It has jumped by over 56% from its lowest point this year, giving it a market capitalization of over $10.6 billion.Wynn stock jumps as Macau growth continues The main reason why the Las Vegas Sands and Wynn…
UnitedHealth stock price has imploded in the past few months, making it one of the worst-performing companies in the S&P 500 Index. It has plunged from the year-to-date high of $620 to a low of $247. Its market capitalization has plunged from a high of $575 billion to $295 billion. Why…
The US Dollar Index (DXY) crashed this week, reaching its lowest level since February 2022 as traders waited for the upcoming US nonfarm payrolls data and after Jerome Powell hinted that he may consider cutting rates as early as in July. It dropped to $96.8, down sharply from the year-to-date…
The Thai baht continued its upward trend against the US dollar, even as the country entered a period of political crisis. The USD/THB exchange rate plunged to a low of 32.35 on Thursday, its lowest level since October last year and 7.50% below the year-to-date high. Thai baht ignores the ongoing…