UK inflation cooled more than expected in June, offering households and the Bank of England a welcome pause before renewed energy pressure begins feeding through to prices.The consumer price index rose 2.6% from a year earlier, down from 2.8% in May and below the 2.7% median forecast.The result brought inflation…
BlackBerry stock price has pulled back in the past two weeks in New York and Toronto. It dropped to $8.83 on Monday, down by 35% from its highest point this year. Even so, it is one of the best-performing stocks as it jumped by over 130% this year as investors…
Celestica stock has moved into a bear market, mirroring the performance of other artificial intelligence (AI) companies. CLS dropped to $307 in New York, down by over 35% from its highest level this year. This retreat will be put to the test when the company publishes its financial results next…
BitMine’s stock price has rebounded over the past few days, hovering near its highest level in more than a month. BMNR has surged 32% from its year-to-date low, with the recovery gaining momentum as investors anticipate the company’s transition from a cash-burning business into a potential free cash flow machine.BitMine…
The Schwab US Dividend Equity ETF (SCHD) has reached a major milestone this year, driven by robust investor inflows and solid market performance. The fund recently surpassed $100 billion in assets under management (AUM), making it the second-largest dividend ETF behind the Vanguard Dividend Appreciation ETF (VIG). With SCHD hitting…
Wheat prices continued rising this week as concerns about supply escalated. The most active futures in Chicago jumped to 683.2 cents per bushel, up by 20% from the lowest level in June this year. Technicals and the ongoing Russia-Ukraine conflict suggest that prices may continue soaring.Russia-Ukraine war boosts wheat pricesWheat…
Bitcoin price rose and crossed the important resistance level of $65,000 as ETF inflows accelerated and as the Crypto Fear and Greed Index exited the fear zone. BTC was trading at $66,267 on Wednesday, up by nearly 15% from the lowest level this year. Bitcoin ETF inflows are soaringAmerican investors continued…
Eurozone companies expect selling prices and wage growth to rise at a more moderate pace over the next 12 months, according to a survey published by the European Central Bank on Monday.The findings add to the evidence that the recent surge in inflation, driven largely by higher energy costs, has…
Andy Burnham officially became the United Kingdom’s seventh prime minister in a decade on Monday, promising to use his government as a “circuit breaker” for the country’s political and economic challenges while launching what he described as the biggest changes to Britain’s system of governance in 40 years.In his first…
UK stocks closed lower on Monday as investors weighed continued geopolitical tensions in the Middle East alongside the appointment of Andy Burnham as the United Kingdom’s new prime minister and the formation of his cabinet.The FTSE 100 declined 0.7%, marking its biggest one-day fall in about two weeks. The FTSE…