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Gold was supposed to love softer inflation, so why is it falling now?

Gold fell on Friday and headed for a weekly loss as investors took profits after softer US inflation had already driven bullion to its highest level in more than two months. Spot gold slipped 0.5% to $4,326.75 an ounce by 3.36 am GMT, while December US futures fell almost 1% to $4,382.50. Bullion briefly reached

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Business

Trump threatens indefinite Iran blockade, but oil still cannot crack $88: here’s why

Oil prices were little changed below $88 a barrel on Friday, even after the United States warned that its naval blockade of Iran could be maintained indefinitely. Brent stood near $87.08 after settling at $87.07 on Thursday, when it snapped a six-session winning streak. The benchmark had briefly touched $90 earlier this week as hopes

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Business

PUMP surges as Pump.fun pays users to call tokens: can $0.003 break next?

PUMP price has climbed more than 6% over the past 24 hours and roughly 26% over the past seven days to around $0.0029 on August 14, as Pump.fun’s new Callout Rewards feature adds another potential source of trading activity behind its revenue-backed token buybacks. According to CoinGecko data captured on August 14, PUMP traded around

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Business

SanDisk stock is up 541% this year, but analysts still aren’t ready to call the top

SanDisk stock (NASDAQ: SNDK) has climbed 541% in 2026, but Wall Street is reluctant to call the top after management outlined a model designed to make NAND less cyclical. The stock jumped 13.7% to $1,528.11 on Thursday, extending its four-session gain to 25.8%, after SanDisk’s investor day. Management expects mid-to-high-teens revenue growth from fiscal 2028

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Business

Bitcoin keeps failing at $65K: is a drop to $62.8K coming next?

Bitcoin price is trading near $63,000 after repeated failures above $65,000, with US spot Bitcoin ETF outflows and weakening short-term price action keeping BTC under pressure. According to SoSoValue data, US spot Bitcoin ETFs recorded about $131 million in net outflows on August 13, extending a run of withdrawals that has reduced one of Bitcoin’s

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Business

Why FIFA wants to sell a stake in the World Cup — and why football is revolting

When FIFA on Tuesday announced plans to create a $20 billion subsidiary to manage the commercial rights of the World Cup and other major tournaments, the proposal immediately became one of the most controversial ideas in modern football governance. What initially appeared to be a financial restructuring has quickly evolved into a debate over who

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Business

Crude oil price tumbles on Hyperliquid as Trump TACOs on planned Iran attacks

Brent and WTI crude oil prices slipped sharply on Hyperliquid after President Donald Trump halted the planned attacks against Iran, citing requests from Iran and other Middle East countries. WTI dropped to $81, with its 24-hour volume hitting $181 million. Brent, the global benchmark, dropped to $83, down sharply from last month’s high of $100.

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Business

USD/JPY Forecast: Will US and Japan interventions be enough to stop the yen crash?

The USD/JPY exchange rate tumbled to its lowest level since May 14 as investors reacted to last week’s Federal Reserve and Bank of Japan (BoJ) interest rate decisions and the latest interventions by the US and Japanese authorities. It plunged to 157.45, down by over 4% from the year-to-date high. Japanese yen surges on US

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Business

Plug Power stock gets oversold as options market bets on rebound after earnings

Plug Power stock remains in a deep bear market after falling by over 50% from the highest point this year. This retreat will be put to the test on August 7 after the company publishes its financial results. So, will the stock rise or drop after its earnings report? Options market suggests high volatility after

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Business

GOOG stock rebounds as Wall Street continues to back AI strategy despite PT cuts

Alphabet GOOGL shares rebounded on Monday after suffering a sharp selloff following last week’s quarterly earnings, with several Wall Street brokerages maintaining bullish recommendations even as they trimmed price targets in response to the company’s aggressive artificial intelligence investment plans. Shares of the Google parent rose nearly 3% at the market open, signalling that investors

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