Plug Power, a company that was on the verge of bankruptcy, has staged a strong comeback this year and is beating the broader market. It has jumped by 51% this year and by over 330% in the last 12 months. This surge has brought its market cap to over $5.3…
Income-focused investors are in a real dilemma as government bond yields surge amid the rising inflation rate in the United States. Do they invest in the blue-chip Schwab US Dividend Equity ETF (SCHD) or invest in the higher-yielding JPMorgan Premium Income ETF (JEPI).JEPI, SCHD, and 10-year government bondsBond investors argue…
Brent crude oil price held steady above $110 on Wednesday as investors predicted a prolonged conflict in the Middle East. It has soared sharply from last month’s low of $86. Potential for a prolonged conflictThere is a likelihood that the US and Iran will go through a prolonged conflict this year.…
Venice AIToken price is getting supercharged today, May 20th, helped by the recent Robinhood listing, upcoming NVIDIA earnings, growing usage, and increased VVV token burns. The token has jumped for four consecutive days and is now nearing its all-time high.Venice AI users are growingIn an era when popular companies like…
Bitcoin price crashed to the important 50-day moving average as it continued facing major headwinds. Spot BTC ETF outflows are soaring, while the Coinbase Premium Index has remained in the red for weeks, a sign that American demand is falling. BTC was trading at $76,745, down sharply from this month’s…
The USD/ZAR exchange rate remained in a narrow range this month, even as the US Dollar Index (DXY) continued its strong rally. This consolidation may end soon as South Africa’s inflation rises and a carry-trade opportunity emerges amid rising Fed and SARB divergence.South African rand in focus as inflation jumpsA…
Tesco share price retreated by over 2% on Wednesday, before paring back some of the losses as the UK government pushed retailers to cap price increases amid the ongoing Iran war. It slipped to 443p, its lowest level since February 4, and 10.85% below its highest point this year.UK government…
The Kospi Index retreated into a correction as the recent rally takes a breather amid overheating concerns. It retreated to KRW 7,250, down by 10% from the year-to-date high of KRW 8,038. It remains up by over 72% this year and 178% in the last 12 months. So, is this…
London-headquartered Standard Chartered plans to cut more than 7,000 jobs over the next four years as the lender increases the use of artificial intelligence while pursuing higher profitability and operational efficiency.The bank said on Tuesday it would reduce 15% of its corporate function roles by 2030.The lender’s total global workforce…
Global fund managers raised their allocation to equities by the largest amount on record in May, supported by optimism surrounding corporate earnings growth and expectations that the Federal Reserve could begin cutting interest rates, according to Bank of America’s monthly survey released on Tuesday.The survey showed that investor sentiment toward…