European stock markets commenced the trading week on a weaker footing Monday, retreating from recent gains as fresh tariff pronouncements from US President Donald Trump threatened to reignite global trade tensions. The cautious sentiment permeated most sectors, with particular pressure on steel and automotive stocks, while investors also looked ahead…
Social media platform X, under the ownership of Elon Musk, is introducing a new messaging feature dubbed ‘XChat’, which Musk claims will incorporate “Bitcoin-style encryption.” This development, alongside a forthcoming payments feature called X Money, signals X’s continued ambition to evolve into an “everything app,” though Musk’s specific technical claims…
Nvidia Corp (NASDAQ: NVDA) has been in a sharp uptrend ever since the White House agreed to a 90-day trade truce with China.Plus, the artificial intelligence behemoth recently reported its financial results for the first quarter that topped Street estimates and issued upbeat guidance for the future, further boosting confidence…
Wedbush senior analyst Dan Ives says Waymo isn’t the best name for exposure to the global race towards autonomous vehicles.Despite the buzz around Alphabet’s self-driving unit, Ives argues that Tesla Inc (NASDAQ: TSLA) scale, engineering depth, and Musk’s renewed focus make it the better long-term investment than Waymo.TSLA chief executive…
Top crypto prices were mixed on Monday morning, continuing the recent trend in the cryptocurrency market. Bitcoin’s price held steady above $105,000, while Ethereum’s price was above $2,500. This article provides forecasts for the top three coins like Flare (FLR), Horizen (ZEN), and Cookie DAO (COOKIE). Flare price forecast ahead of…
Ethereum price had a strong performance in May as it finally made a bullish breakout, and the odds of it falling to $1,000 fell. ETH jumped to a high of $2,783, up by 100% from its lowest point this year. This article provides an ETH price prediction for June and…
The DAX Index has jumped in the past few weeks and is hovering at its highest point on record. It rose to a record high of €24,320, up by over 30% from the lowest point in April this year. This article looks at some of the top companies driving the…
The EUR/USD exchange rate will be in the spotlight this week as the European Central Bank (ECB) delivers its interest rate decision and as the US publishes its nonfarm payrolls (NFP) data on Friday. It was trading at 1.1371 on Monday, 1.6% below the highest point this year.ECB decision and…
The Turkish lira has slipped against the US dollar as Goldman Sachs analysts warned about the best-performing carry trade. The USD/TRY exchange rate was trading at 39.25, up by 11% this year, and down from the year-to-date high of 39.85. Is the Turkish lira carry trade at risk?Analysts at Goldman Sachs…
The US Dollar Index (DXY) has moved into a correction after falling by 10% from its highest point this year, and Morgan Stanley believes it has more downside to go in the next few months. Morgan Stanley is bearish on the US dollar indexAnalysts at Morgan Stanley are pessimistic on the…