Brent crude oil price crashed on Friday amid rising trade tensions, and the downtrend may continue after the latest OPEC+ meeting. It dropped to $62.60 on Friday, down by 25% from its highest level this year.OPEC+ crude oil production increaseThe main Brent crude oil news is that OPEC+ cartel agreed…
Adobe stock price has underperformed the broader market and other companies in the software-as-a-service (SaaS) industry like Microsoft, ServiceNow, and Salesforce. It has dropped by over 35% from its highest point last year as concerns about competition and impact of artificial intelligence (AI) remain. Competition, AI, and growth concernsThe Adobe share…
The USD/CNY exchange rate retreated from the year-to-date high of 7.3500 on April 10 to a low of 7.20 as traders focused on the trade relations between China and the United States. US and China trade relationsThe US and China have been on a conflict since Donald Trump became president. One…
The USD/CAD exchange rate has crashed this year as the US dollar index (DXY) has plunged from $110 earlier this year to $99. It has dropped from 1.4790 on February 3 to the current 1.3738. Canadian economy at risk amid Trump steel tariffsThe USD/CAD pair retreated on Friday as investors remained…
Bitcoin price performed strongly in May, jumping to a record high of $111,900. At its highest point, it was up by over 50% from its lowest point in April, when Donald Trump unveiled his retaliatory tariffs. This BTC forecast looks at what to expect in June.Bitcoin recap for MayMay was…
Canada-based Brazil Potash is set to significantly impact the Brazilian fertiliser market with its plan to ramp up production, aiming to shield the country from geopolitical risks and fluctuating international prices. The company’s Autazes project in Brazil, having received full permitting, seeks to address the country’s heavy reliance on imported potash,…
Marvell Technology Inc (NASDAQ: MRVL) came in marginally above Street estimates for its fiscal Q1 on “strong AI demand in the data-center end market.”Additionally, the semiconductor giant guided for “continued strong growth” in its current quarter as well on Friday.However, Marvell stock still lost as much as 7.0% this morning…
Regeneron Pharmaceuticals Inc (NASDAQ: REGN) crashed more than 15% this morning on disappointing data from Phase 3 trials of its experimental drug itepekimab.Itepekimab is a drug candidate for chronic obstructive pulmonary disease (COPD) that the biotech firm developed with Paris headquartered Sanofi.Including today’s plummet, REGN shares are down nearly 35%…
Trump administration has reportedly picked Palantir Technologies Inc. (NASDAQ: PLTR) as its primary data analysis partners. Shares of the big data analytics firm are inching up further on Friday.According to The New York Times, this expanded data partnership with the US government stems from the President’s recent executive order aimed…
German automaker Volkswagen said the company is planning to increase investments in the US to reduce the impact of tariffs and strengthen its position in the auto market.Volkswagen CEO Oliver Blume in an interview with the German paper, Süddeutsche Zeitung, said along with plans of massive investments in the US,…