US stocks have been somewhat muted in recent sessions after the Bureau of Labour Statistics said inflation was up more than expected in January. The consumer price index came in up 0.5% for the month and 3.0% for the year on February 12. In comparison, economists had forecast a 0.3%…
Nio stock price has slumped in the past few years, becoming one of the worst-performing electric vehicle companies in China. It has dropped by 26% in the last 12 months and 93% from its highest level in 2021. This article explains why the Nio share price is ripe for a…
Lucid Group stock price has staged a strong recovery in the past few months, helped by the recently launched Gravity vehicle and demand from bargain hunters. The LCID share price has soared by over 70% from its lowest level in November last year, pushing its market cap to near $10…
XRP’s price has slipped 4% in the past 24 hours, falling below the crucial support level of $2.65. Source: CoinMarketCapThis downturn has sparked concerns about further declines, especially after the cryptocurrency recently surged past $2.80, raising hopes of a potential rally toward $3.Despite this short-term weakness, analysts remain divided on…
The US Securities and Exchange Commission (SEC) has put its fraud lawsuit against Geosyn Mining on hold, citing the ongoing federal criminal case against the company’s executives. The decision marks a rare instance where the SEC has paused enforcement proceedings at the request of the accused, underscoring how federal prosecutions…
Rivian stock price has remained in a two-year consolidation phase as investors focus on its cash burn and the evolution of the electric vehicle industry. RIVN was trading at $14 on Monday, higher than last year’s low of $8.70. It remains over 90% below its all-time high. So, is the…
In a recent announcement on Monday, UK-headquartered Petra Diamonds revealed a significant change in leadership, appointing joint chief executive officers (CEO) to take the helm. This decision follows the resignation of Richard Duffy, which was described as a mutual agreement and effective immediately.The company’s statement also disclosed a wider loss of…
Japan’s economy expanded at an annualized 2.8% in the October-December quarter, surpassing market expectations, as robust capital spending and resilient consumer demand supported growth, government data showed on Monday. The stronger-than-expected performance reinforces optimism about the country’s economic recovery, even as trade uncertainties persist.The latest gross domestic product (GDP) figures…
Senator Cynthia Lummis is urging the United States to consider Bitcoin as part of its national reserves. With concerns over inflation, government spending, and the long-term stability of the US dollar, Lummis argues that Bitcoin could offer a new level of financial transparency.As chair of the Senate Banking Subcommittee on…
Presidents Day, set for Monday, 17 February 2025, is a federal holiday in the United States, leading to widespread closures in key financial and government services.While retail businesses, restaurants, and grocery stores remain open, major institutions such as the stock market, banks, and post offices will shut operations for the…