Economy

Economy
Economy

How high can BEAT go as whale withdrawals drain exchange supply?

BEAT has extended its rally by more than 16% over the past 24 hours as whale accumulation, token burns, and rising derivatives activity have fueled renewed buying interest. According to CoinGecko data, BEAT traded around $3.20 at the time of writing after climbing roughly 16.3% during the past day and more than 23% over the

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Economy

UK retail sales rebound 1% in June, beating expectations

British retail sales rebounded unexpectedly in June, with shoppers increasing their spending on air conditioning and clothing. The rise added to signs of stronger economic activity during warmer weather and the soccer World Cup, according to data released by the Office for National Statistics. Retail sales volumes increased 1.0% in June, the ONS said on

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Economy

Micron stock gets an unexpected clue from China’s latest AI experiment

Micron stock’s next catalyst may be coming from the Chinese model that initially unsettled semiconductor investors. MU closed Thursday at $990.21, up 3.2%, after Alphabet raised its 2026 capital-spending forecast and revived confidence in data-centre demand. Another signal is emerging from Moonshot AI’s Kimi K3. The low-cost, open-weight model was viewed as a threat to

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Economy

FTSE 100 shares to watch: Lloyds, Barclays, IAG, NatWest, GSK, AstraZeneca

The FTSE 100 Index was little changed this week as investors assessed the escalating UK-Iran crisis, the ongoing US earnings season, and a series of key UK economic releases. Market participants digested the latest jobs, inflation, and retail sales data for July, all of which could influence the Bank of England’s next policy decision.  This

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Economy

Dollar holds firm as investors assess new US Tariffs and Middle East risks

Financial markets remained cautious heading into the weekend as investors assessed the impact of a new wave of tariffs imposed by the United States. Market participants are also keeping a close watch on developments coming out of the Middle East. Oil pulls back after strong gains Oil prices moved lower early Friday after posting strong

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Economy

Volkswagen reports weaker-than-expected Q2 earnings, lowers 2026 sales forecast

Volkswagen reported weaker-than-expected second-quarter earnings on Friday. The automaker also abandoned its revenue growth forecast for the year. The move highlights growing pressure on Europe’s largest automaker as it undertakes a major restructuring effort. The German carmaker posted lower operating profit despite stronger-than-expected revenue, while warning that geopolitical tensions, trade conflicts and fierce competition from

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Economy

Tesla stock sinks 4% after Q2 earnings: has Elon Musk’s AI pivot gone too far?

Tesla stock (NASDAQ: TSLA) sank more than 4% in after-hours trading after second-quarter results exposed the mounting cost of Elon Musk’s push into artificial intelligence, autonomous taxis and humanoid robots. Revenue rose 26% to $28.24 billion, beating Tesla’s company-compiled consensus of $27.58 billion. Adjusted earnings were 33 cents a share, missing the 55-cent consensus. Capital

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Economy

Kospi jumps 3% as Asian markets chase Alphabet’s $200B AI splurge

Asian stocks rose on Thursday as investors looked past mixed reactions to US technology earnings and focused on the scale of spending still flowing into artificial-intelligence infrastructure. South Korea’s Kospi gained more than 3%, led by SK Hynix and Samsung Electronics, while Japan’s Nikkei 225 advanced about 1%. MSCI’s Asia-Pacific index outside Japan also added

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Economy

Brent crude oil price forecast: targets $100 as US-Iran war escalates

Crude oil prices surged on July 23, climbing to their highest level since June 8 as the Middle East crisis intensified, prompting analysts to warn that the rally may be far from over.  Brent crude, the global benchmark, rose to $96.16, up 37% from its June low. Meanwhile, West Texas Intermediate (WTI) climbed toward the

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Economy

Nikkei 225 Index wavers as Japan bond yields and tech stocks rise

The Nikkei 225 Index rose modestly as traders bought the recent dip and as the Japanese yen continued declining against the US dollar. It was trading at 66,550, up by 6.30% from its lowest point this month. Japanese yen and government bonds slip The Nikkei 225 Index rose a bit as investors reacted to the

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