The popular iShares 20+ Year Treasury Bond ETF (TLT) has slumped into a correction as its outflows rose and as long-term US bond yields rose. It is also under pressure as the US public debt nears the $40 trillion milestone. It was trading at $82.7 on Friday, down by 10%…
Global financial markets are awaiting the release of the latest US inflation data on Wednesday, with investors looking for fresh clues on the Federal Reserve’s interest rate path after weaker-than-expected jobs data and mixed policy signals from central bank officials clouded the outlook.The July Consumer Price Index (CPI), scheduled for…
US consumer inflation rose modestly in July, matching economists’ expectations and potentially reducing the urgency for the Federal Reserve to raise interest rates next month as policymakers weigh easing price pressures against a weakening labour market.The Consumer Price Index increased 0.1% in July from the previous month, according to data…
Marvell Technology stock has slumped since June 18 as investors dumped popular semiconductor companies. After peaking at $329, it has now plunged by 35% to the current $217, with its valuation falling from $277 billion to the current $185 billion. This price action may continue in the near term as…
Virgin Galactic stock has risen for seven consecutive days, reaching its highest point since June 22nd as investors bought the dip in space companies. SPCE jumped to $3.30 on Tuesday, up by nearly 40% from its lowest level this year. Focus now shifts to its earnings report, which comes at…
SanDisk stock price has crashed into a deep bear market, moving from a record high of $2,367 in June to the current $1,271. This retreat happened even after the strong earnings report and forward guidance amid the ongoing artificial intelligence (AI) boom. So, will the bear market continue or will…
The Roundhill Memory ETF (DRAM) has lost the momentum it had a few months ago as most memory stocks have pulled back. It has slipped to $50.9, down by 37% from its all-time high. Still, there are some reasons why this fund may rebound in the coming weeks or months. DRAM…
Lenovo Group stock jumped to a record high on Thursday as traders waited for its earnings report, which are expected to show that its growth accelerated amid the ongoing AI boom. It jumped to HKD 30.50 in Hong Kong, bringing its year-to-date gains to 225%, making it the best-performing company…
The Japanese yen continued its recent retreat, reaching its lowest level since July 31 as the recent US intervention backfired. The USD/JPY pair rose to 159.43, up by 2.72% from its lowest level this month. Japanese yen retreat continues as carry trade intensifiesThe USD/JPY pair crashed hard earlier this month, reaching…
Ondas stock continued its strong rally this week, reaching its highest level since June 8 as the company received a new order from Israel. It has now jumped by over 70% from its lowest point this year. Even so, it is one of the most shorted companies in the US,…