The Invesco QQQ ETF has plunged and moved below the 200-day moving average as concerns about the equities market rose. The fund, which tracks the popular Nasdaq 100 index, dropped to a low of $480, down by almost 10% from its highest level this year. So, what next for the…
The artificial intelligence (AI) industry has propelled the US equities market in the past few years. Its strong growth has helped to propel many companies higher, with NVIDIA’s market cap jumping to over $3 trillion. Recently, however, there are signs that the AI bubble is bursting, which will affect some of…
The USD/CHF exchange rate has plunged as the US dollar index (DXY) crashed to its lowest level in months and as traders moved to the safety of the Swiss franc. It retreated to a low of 0.8750 on Friday, its lowest level since November last year. It has crashed by…
The Chinese renminbi has bounced back in the past few weeks as the market ignored the ongoing trade tensions between the US and China. The USD/CNY exchange rate has plunged to a low of 7.2335, its lowest level since November 25. It has dropped by over 1.3% from its highest…
Crypto prices remained on edge during the weekend, even after the US embraced policies to support the industry. Bitcoin price was trading at $86,000 on Sunday, while the total market cap of all coins retreated to $2.83 trillion. This article explores the top crypto price predictions, including the likes of…
Costco Wholesale Corp (NASDAQ: COST) is in focus this morning after coming in shy of earnings estimates for its fiscal second quarter.But there was hardly anything in its earnings release that should prove to be a back-breaker for investors, according to famed investor Jim Cramer.The retail giant earned $4.02 a…
Walgreens Boots Alliance will be taken private by Sycamore Partners in a $10 billion deal, the companies announced Thursday, marking the end of nearly a century of public trading for the US pharmacy giant. The move comes after years of financial turbulence that saw Walgreens’ market value plummet from a…
Broadcom reported first-quarter earnings on Thursday that exceeded analysts’ expectations, driven by strong AI-related revenue growth. The semiconductor giant also provided an upbeat revenue forecast for the current quarter, sending its stock over 10% higher in extended trading.Broadcom’s Q1 earningsThe company posted adjusted earnings per share of $1.60, surpassing the…
Electric vehicle (EV) adoption in Europe is increasing. One would expect that Tesla would be one of the biggest winners of such news. But the company’s sales are falling across most of its key markets.The latest figures from Norway, Germany, France, Sweden, and Denmark paint a clear picture: consumers are…
Gap Inc (NYSE: GAP) was struggling with sales declines, profitability concerns, and loss of cultural relevance amidst an ever-increasing competition in the retail market up until the first half of 2023.Then it named Richard Dickson its chief executive, hoping the market veteran could revitalise its brands just as he did…