The Nikkei 225 Index dropped to a crucial support level on Monday as energy prices soared, with the US-Iran war taking a new twist during the weekend. It retreated to a low of ¥50,557, down by over 13% from its highest point this year.Japan stocks drop as US-Iran war takes…
The International Consolidated Airlines Group (IAG) share price has slumped in the past few weeks since the US-Iran war started in February as concerns about soaring fuel costs rose. IAG stock dropped to $349 on Monday, down by 25% from its highest point this year, lagging behind the FTSE 100…
Reddit stock price has slumped in the past few months, moving from a record high of $281 in September last year to $127 today. Its market capitalization has dropped from over $50 billion to the current $21 billion. So, will the strong revenue growth help it bounce back?Reddit stock crashes…
The social media landscape shifted violently this week as a wave of selling wiped billions in market value.The catalyst? A landmark legal blow; a California jury found Google and Meta Platforms negligent in a high-profile “social media addiction” trial, sparking fears of a costly regulatory overhaul.Amidst the carnage, however, a…
The global video-game industry is entering a period of recalibration after Sony raised prices of its flagship PlayStation 5 consoles for the second time in less than a year, underscoring mounting cost pressures tied to memory chip shortages and supply-chain strain.The move, which lifts US prices by as much as…
Reddit stock price has slumped in the past few months, moving from a record high of $281 in September last year to $127 today. Its market capitalization has dropped from over $50 billion to the current $21 billion. So, will the strong revenue growth help it bounce back?Reddit stock crashes…
Blockage of the all-important Strait of Hormuz has caused the largest disruption in the oil market, and gold price is feeling the heat. While the long-term outlook remains bullish, investors are keen on how the Fed and other major central banks will respond to the uncertainties. Besides, hopes of a…
Bitcoin price remains in a technical bear market this week after falling by double digits from the all-time high. BTC was trading at $66,800 on Sunday, and its fundamentals and technicals suggest that it has more downside to go in the foreseeable future.Bitcoin price technical analysis points to a steep…
Shares of AstraZeneca rose on Friday after the drugmaker reported positive results from late-stage clinical trials of its experimental chronic obstructive pulmonary disease (COPD) treatment, tozorakimab.The UK-based pharmaceutical company said the drug candidate met its primary objective in two Phase 3 studies, OBERON and TITANIA, marking a significant milestone in…
Lumentum stock price has gone vertical this year and is now trading at its all-time high. LITE jumped to a high of $803, up by 1,600% from its lowest level in December. This rally may be about to end as it approaches the distribution phase of the Wyckoff Theory.Wyckoff Theory…