The S&P 500 index has declined significantly over the past few months, forming a death cross pattern for the first time since 2022. It ended the week at $5,282, down by 14.2% from its highest level this year. The S&P 500 index will be in focus next week as investors watch…
The USD/RUB exchange rate continued to fall this week as traders monitored new developments in the Russian-Ukrainian war. It also dropped after media reports showed that China was increasing its purchases of Russian gas. It dropped to a low of 81, its lowest level since June 2023. Why Russian ruble is…
Asian financial markets displayed a mixed performance on Thursday, struggling for clear direction after a sharp sell-off on Wall Street overnight reignited concerns about global economic growth and the impact of US trade policies. While some regional bourses managed gains, others faltered under the weight of investor apprehension.Powell’s cautionary tone…
Japan navigated another year of overall trade deficits, but a ballooning surplus with the United States has emerged as a critical point of focus, particularly as Japanese negotiators engage in tense discussions with the Trump administration over potential and existing tariffs. Finance Ministry data released Thursday paints a complex picture…
Strava, the fitness tracking platform with over 150 million users globally, announced on Thursday that it has entered into a definitive agreement to acquire Runna, a UK-based tech company known for its personalized running training plans and coaching. The move signals Strava’s growing ambitions in the booming running space and…
Herbalife stock price has imploded in the past few years, erasing billions of dollars in value. HLF plunged from a high of $61.65 in February 2019 to $6.25 today, its lowest level since 2009. This article explains whether Herbalife is a good stock to buy the dip in and what…
Shares of Wipro Ltd dropped as much as 6.3% on Thursday after the IT services firm issued a disappointing revenue forecast for the June quarter, raising concerns of a third consecutive year of decline amid persistent global tech spending cuts.India’s fourth-largest IT exporter said on Wednesday it expects revenue in…
AMD stock price has plunged since 2024, leading to a $245 billion wipeout as the market cap dropped from a high of $379 billion in 2024 to $134 billion today. It has also retreated to its lowest level since May 2023. Why AMD stock price crashedAMD share price continued its downtrend…
European stock markets started Thursday on the back foot, with a sense of anticipation hanging in the air as investors waited for the European Central Bank’s latest word on interest rates. While the broader market mood was cautious, some major corporate developments sparked significant individual stock movements.The main pan-European benchmark,…
The Schwab US Dividend Equity (SCHD) ETF has crashed in the past few weeks, and this trend may continue after it formed a risky chart pattern. It was trading at $25.10 on Wednesday, down by 13.25% from the highest point in December. SCHD ETF stock has formed a death crossThe Schwab…