The number of Americans filing new applications for unemployment benefits fell last week, indicating that layoffs remain low and that the US labour market continues to show resilience despite broader economic uncertainties.Initial claims for state unemployment benefits dropped by 4,000 to a seasonally adjusted 226,000 for the week ended June…
British retail sales rebounded more strongly than expected in May, supported by favourable weather conditions and promotional activity by retailers, according to official data released on Friday.The figures come despite ongoing concerns about rising living costs and uncertainty linked to the conflict involving Iran.Data from the Office for National Statistics…
BitMine stock price has crashed this year as Tom Lee’s Ethereum bet backfires. BMNR dropped to $15.70 on Wednesday, down substantially from last year’s high of $160. This retreat may continue as Cathie Wood pares back her holdings and as the Ethereum price remains under pressure.BitMine stock has slipped amid…
International Business Machines (NYSE: IBM) stock price retreated sharply today, June 18, continuing a downward trend that started on June 2nd this year. It plunged to $245.8, down by 26% from its highest point this month. IBM stock slumps after Accenture’s weak earningsIBM shares were in the red today, after Accenture,…
Palantir stock is sitting at a crucial support level that may determine its forward trajectory. It is trading at $126.90 today, June 18, down modestly from this month’s high of $162. So, will the stock continue its bearish trajectory or stage a comeback?Reasons why the Palantir stock has slumpedThere are…
AMC Entertainment’s stock price has staged a strong bull run this month, reaching its highest point since November last year. It has jumped by 165% from its lowest point this year, and is about to form a golden cross pattern, which may hint at stronger gains ahead.AMC stock nears golden…
Rocket Lab stock price has pulled back from its all-time high as the recent rally takes a breather. RKLB dropped to $104 on Tuesday, down by 31% from its highest point this year. This pullback has led to a $27 billion wipeout as its market cap has fallen from $87…
SoFi stock is going through a rough patch that has seen its valuation drop from nearly $40 billion in November last year to $22.7 billion today. It has slipped by 32% this year, while popular US indices like the Nasdaq 100 and S&P 500 have jumped by double digits. SoFi Technologies’…
Circle Internet Group stock price has pulled back in the past few days, moving from a high of $138.5 in May to the current $79.72. This CRCL pullback may continue in the near future as it faces a triple-whammy of weak technicals, falling USDC supply, and US government yields. Circle stock…
The FTSE 100 Index remained in a narrow range this week as focus shifted to the key UK macro data and actions from the Federal Reserve and the Bank of England (BoE). It was trading at 10,440 points on Wednesday, up from this month’s low of 10,122.Bank of England interest…