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
Jim Cramer’s favourite dip-buying rule starts with a margin decline, but it does not end there. Investors must decide whether profits are temporarily compressed by investment or permanently damaged by weak demand and competition. Meta Platforms, Alphabet and SoFi are the clearest tests after their shares were punished by spending increases or cautious guidance. Intel
Caterpillar stock has pulled back substantially, moving from the year-to-date high of $1,073 to the current $809. It has dropped in the past six consecutive weeks, its longest streak in years. This article explores whether the CAT stock will continue its strong downtrend as its earnings loom. Caterpillar stock has dived ahead of earnings CAT
SpaceX (SPCX) shares slipped on Friday as investors looked ahead to the company’s first earnings report as a public company and an upcoming insider share lock-up expiration. The stock was down about 2.5% in early trading, changing hands near $109. It has endured a volatile week, briefly falling to an all-time low of $107.01 before
Palantir stock price remained under pressure this week as traders waited for the second-quarter earnings. PLTR was trading at $122.26, down by over 40% from its highest point this year, erasing some of the gains it made last year. This retreat will be put to the test as it publishes its financial results. Palantir Technologies
Reddit (RDDT) stock is under immense pressure this morning, even though the forum social media platform reported an impressive Q2 and offered upbeat future guidance. Investors are bailing on RDDT not because of the quarterly print itself, but more due to concerns about the company’s long-term traffic growth. Following today’s decline, Reddit shares are down
It was an overwhelming week for Apple, to say the least, as the iPhone maker saw its fortunes whipsaw throughout the week—becoming the world’s most valuable company, briefly exceeding the $5 trillion market capitalization mark, and then suffering one of the biggest single-day declines in its history after issuing a cautious outlook. Investors had increasingly
Nvidia stock (NVDA) rose on Friday after Amazon reaffirmed its commitment to the chipmaker’s artificial intelligence processors and increased its capital spending plans, reinforcing investor confidence in continued demand for AI infrastructure. The stock gained 2.6% to $199.07 in midday trading, building on Thursday’s more than 2% advance. The rally put Nvidia on track to
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
Gold fell on Friday as a firmer dollar encouraged profit-taking, but bullion remained on course for its first monthly gain in five months as buyers repeatedly returned near $4,000 an ounce. Spot gold slipped 0.6% to $4,076.53 by 0253 GMT, while August US futures lost 0.4% to $4,074.20. The metal was still up about 1.7%