US stock opened lower on Thursday, retreating from the previous session’s strong rally as investors reassessed risks tied to the fragile ceasefire between the United States and Iran and monitored fresh economic data.Dow Jones Industrial Average fell by about 175 points, or 0.37%, while S&P 500 and Nasdaq 100 slipped…
White House economic adviser Kevin Hassett said on Thursday that he is confident Kevin Warsh will assume the role of Federal Reserve chairman in May, signalling a potential leadership transition at the US central bank.Speaking to Fox Business Network, Hassett stated, “I’m highly confident that that will happen,” referring to…
US Gulf Coast refiners are benefiting from some of the strongest margins in years, as disruptions to Middle Eastern oil flows during the Iran conflict boost global demand for American fuel exports.The supply shock—triggered by Iran’s blockade of the Strait of Hormuz—has hit Asian and European refiners particularly hard, forcing…
US stocks advanced on Thursday, extending their recent rally as investors grew more optimistic about a potential de-escalation in the Middle East conflict, even as oil prices remained elevated and concerns over supply disruptions persisted.All three major indexes ended higher after recovering from early session weakness, supported by signs of…
China’s factory-gate prices rose in March for the first time in more than three years, signalling a return of price pressure in the industrial sector even as consumer inflation lost momentum and domestic demand remained soft.Data from the National Bureau of Statistics showed on Friday that the producer price index…
Asian markets opened Friday with relief, but not conviction.A fragile US-Iran ceasefire steadied some nerves after a week of extreme volatility, yet the mood stayed cautious as fresh attacks on Saudi energy facilities kept oil markets on edge.That tension ran through the session: equities in parts of Asia pushed higher,…
On Sunday, April 12, Hungarians go to the polls in what may be the most economically consequential election in the EU this year — one whose result will be felt from Brussels to Kyiv, and increasingly, from Washington too.Hungary’s economy tells its own story. GDP per capita sits at 76%…
Hubspot stock price has been in a strong downward trend since February last year, shedding billions of dollars in value as its market capitalization dropped from over $40 billion to $12 billion today. This retreat may continue as the stock has formed a large inverted cup-and-handle pattern.Hubspot stock price has…
Corning stock price has gone bonkers in the past few years and is now trading at its highest point on record. GLW jumped to a record high of $165, which is about 590% above the lowest level in 2023. This surge has pushed its market capitalization to over $141 billion.Corning…
Nio stock price has soared in the past few months, moving from a low of $4.35 in February to the current $6.38. This rally may continue as the stock formed the highly bullish cup-and-handle pattern, which often leads to more gains.Nio stock technical analysis points to more upside The daily chart…