UK Prime Minister Keir Starmer said on Monday that he would step down as Labour leader and prime minister, ending months of political turmoil and setting in motion a leadership contest that is increasingly expected to deliver Andy Burnham to Downing Street.The announcement comes less than two years after Starmer…
Britain’s private sector contracted for a second straight month in June.The latest flash purchasing managers’ index from S&P Global showed the UK composite PMI slipped to 49.4 in June from 49.7 in May.The reading marked a 14-month low. Any reading below 50 signals a contraction in business activity.The survey adds…
Platinum price is on track to record its sixth consecutive week of losses amid macroeconomic headwinds. Despite the structurally tight market, a hawkish Federal Reserve and stronger US dollarare weighing on the precious and industrial metal. Platinum price reverses gains amid macroeconomic pressuresEarly in the year, platinum price rallied to an…
Copper price edged lower earlier on Monday before recouping some of those losses. At the time of writing, Comex futures were trading at $6.37 a pound after hitting an intraday low of $6.27. At its current level, the bulls are striving for a rebound back within the months-long bullish channel.On…
Sandisk, Western Digital, and Seagate stocks have been in a strong rally this year and are the top gainers in the S&P 500 and Nasdaq 100 indices. SNDK jumped by 800% this year, while Western Digital, Micron, and Seagate have soared by 320%, 285%, and 280%, respectively. Sandisk, Western Digital, and…
China EV stocks are in a strong freefall this year as investors remain pessimistic about their growth prospects. Nio stock slipped to $5 on Friday, down nearly 30% from its May high, and is hovering at its lowest level since March 9. Xpeng stock has tumbled to $13.21 in New York,…
Brent crude oil price continued its strong downward trend today, June 23, reaching its lowest level since March 2nd as investors focused on the ongoing US-Iran talks. It has now slumped by over 35% from its highest point this year, and this trend may continue as supply jumps.Crude oil supply…
Cardano price has been in a prolonged downward spiral since peaking at $3 in 2021. The decline has erased more than $85 billion in market value, with its market capitalization falling from over $91 billion to about $5.7 billion today. ADA was trading at $0.1590, down more than 95% from…
Pi Network price has stalled close to its all-time low this month despite having some major bullish catalysts, including the ongoing upgrades, pivot to artificial intelligence, and the upcoming launches of Pi tokens. It was trading at $0.1330, down substantially from the all-time high of close to $3.Pi Network price…
Xiaomi stock price has suffered a major reversal in the last 12 months, moving from a high of H$61.55 to H$22.62 today, its lowest level since September 2024, with its market cap falling from H$1.53 trillion ($192 billion) to $74 billion. This retreat has happened amid the soaring memory prices…