As Middle Eastern crude prices have increased, Chinese refiners have increased purchases of Brazilian and West African crude. This comes as refiners reorganize their sourcing due to sanctions, tariff disruptions, and price fluctuations, Reuters reported on Wednesday.US sanctions on Russian and Iranian oil, coupled with Chinese tariffs on US oil, have…
The USD/RUB exchange rate has plunged in the past few weeks. It dropped from a high of 114.45 in December last year to 92 today, making the Russian ruble one of the best-performing currencies. Here are the three main reasons why the ruble has surged this year.Potential Russian sanctions reliefThe…
Most altcoins have crashed by double digits in the past few weeks. Solana, Bonk, Pepe, and Raydium prices have plunged by double digits, meaning that they have moved into a deep bear market. So, let’s explore why these altcoins have plunged and what to expect in the near term. Why Solana,…
The Nikkei 225 index has remained in a consolidation phase in the past few months, underperforming most global indices like the German DAX, FTSE 100, and Nasdaq 100 indices that have surged to their record highs.The index, which tracks the biggest Japanese companies, was trading at ¥39,000, a few points…
The Zoom Video stock price has remained in a three-year consolidation phase as concerns about its future and rising competition rose. The ZM share price has remained between the support at $58.65 and the resistance level at $95.30. It sits about 85% below the highest point on record. So, is…
EV charging stocks should be thriving this year as the number of electric vehicles in the United States jump. Americans bought about 1.4 million EVs in 2024, a trend that may keep growing in the coming years. Cox Automotive anticipates that EV sales will total about 10% of all vehicle…
Electric Vertical Take-Off and Landing (eVTOL) stocks have done well in the last 12 months as investors anticipate their certification and cheer their fundraising from top blue-chip companies. Archer Aviation stock price has soared by 100%, while Joby Aviation is up by about 20%. So, which is a better investment…
The GBP/USD exchange rate continued its strong rally on Wednesday after the UK published a hotter-than-expected inflation report and as the market awaited for the upcoming Federal Reserve minutes. So, why is the GBP to USD pair soaring as the UK remains in a stagflation?GBP/USD rises amid stagflation concernsThe GBP/USD…
Celsius Holdings stock price has collapsed, turning a company that was highly popular among investors into a toxic one. It has collapsed from near $100 in 2024 to the current $22. It has had a $17 billion wipeout as its market cap has crashed from $22 billion to $5 billion.…
Tilray stock price has continued to crash this year even as most shares have roared back. TLRY has crashed by 30% this year, making it one of the top laggards on Wall Street and in Canada, where it is also listed. Tilray Brands share price has collapsed by over 90%…