Broadcom stock price has retreated sharply in the past few days as investors assess reports that it may be interested in acquiring part of Intel. AVGO has also dropped amid jitters that the artificial intelligence (AI) industry is slowing. It dropped to a low of $212 this week, down by…
Shares in Rolls-Royce (RR) surged more than 15% at the start of trading, as investors welcomed the UK engineering giant’s financial revival. The stock jumped to 735p per share, marking a strong vote of confidence in the company’s transformation under chief executive Tufan Erginbilgiç.For the first time since the COVID-19…
India’s retail jewellery sales have taken a significant hit over the past couple of months as high gold prices have kept consumers away from stores. The rally in gold prices to repeated new all-time highs since the start of the year has weighed heavily on the retail demand for gold jewellery.Since…
Tesla stock price has imploded this year as concerns about the company remains. TSLA has plunged from the year-to-date high of $488.50 to the current $290, its lowest level since November 7. Its market cap has moved from $1.53 trillion to $928 billion, leading to a $602 billion wipeout. Here…
Meta’s decision to scrap its third-party fact-checking program has reignited debate over social media’s role in moderating content. The move, described as “pragmatic” by Reddit co-founder Alexis Ohanian, marks a broader shift in how digital platforms approach misinformation.Meta announced in January that it would discontinue external fact-checking on its platforms,…
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Bitcoin continued its slide on Wednesday following President Donald Trump’s threat to impose a 25% tariff on the European Union. The announcement came during the president’s first cabinet meeting, causing the leading cryptocurrency to drop below the $83,000 mark.The coin hit a low of $82,131.90 after the news made headlines.…
The world’s largest spiritual gathering, the Mahakumbh Mela in Prayagraj, concluded on Wednesday after a 45-day run that witnessed an unprecedented 66 crore devotees taking a holy dip at ‘Sangam’—the confluence of the Ganga, Yamuna, and the mythical Saraswati rivers. While the event was primarily a religious and cultural spectacle,…
The US dollar index has suffered a harsh reversal this month as some global risks eased. The DXY, which weighs the greenback against a basket of currencies, has dropped to $106.62, down by over 3.25% from its highest level this year. Let’s explore why the DXY index has retreated and…