Shares of Marvell Technology surged nearly 12% in premarket trading on Friday after the semiconductor company issued an upbeat long-term outlook, betting on sustained demand for its artificial intelligence-focused chips and data centre networking technologies. The rally shows that investors are confident that spending on AI infrastructure by major cloud providers will continue to fuel
TRON (TRX) has seen a renewed wave of optimism after news emerged that the US Securities and Exchange Commission (SEC) has settled its long-standing legal case against founder Justin Sun and associated entities. The settlement, which involves the dismissal of all claims against Justin Sun, Tron Foundation, and Bittorrent Foundation and a $10 million civil
Efforts to advance the CLARITY Act, a major US bill aimed at establishing clearer rules for the digital asset market, have slowed after banks raised objections to a proposal allowing rewards for stablecoin users. The disagreement has complicated negotiations between lawmakers, regulators, and industry participants. The bill passed the House in July and was seen
The cryptocurrency market has turned bearish ahead of the Non-farm Payroll (NFP) data in the United States. Bitcoin has dropped below the $70,000 level, while Ether is down 4% in the last 24 hours and now trades at $2,050. Currently, traders are focusing their attention on the US jobs report due at 13:30 UTC. The
The crude oil price trajectory is increasingly indicating that the commodity may breach the $100 per barrel mark in the coming days as hostilities continue in the Middle East. Oil prices hit their highest level in nearly two years on Friday, with West Texas Intermediate surging past $86 and Brent hitting nearly $90 a barrel.
Shiba Inu (SHIB) continues to struggle as the memecoin trades under pressure despite a broader recovery in the cryptocurrency market. At the time of writing, Shiba Inu was trading at about $0.00000549, after a decline of roughly 2.9% over the past 24 hours. Shiba Inu has dropped about 6.2% in the past week, while losses
Nio stock price has gone sideways since November last year. It has remained inside a narrow range of between $4.38 and $5.78 in this period. This consolidation may end next week when the Chinese electric vehicle company releases its financial results. Nio stock has dropped despite important news The ongoing Nio stock consolidation mirrors that
The US labor market showed signs of cooling in February after nonfarm payrolls unexpectedly fell, and unemployment also came a notch higher than expected, complicating the picture for the Fed ahead of its rate decision as it weighs a weak jobs report against the fuel price-led inflationary risks caused by the Middle East conflict. Nonfarm
Shares of Indian gas companies, including GAIL, Petronet LNG, Gujarat State Petronet Limited (GSPL), and Gujarat Gas Limited (GGL), are likely to remain volatile on Wednesday after QatarEnergy said it has halted liquefied natural gas production following military attacks on its facilities. The development has already triggered a spike in European LNG prices, raising concerns
Seeking to lessen its dependence on China for rare earth elements—which are essential for magnet production—Japan is currently negotiating with India. The discussions focus on a joint exploration for rare earth deposits located in the desert state of Rajasthan, according to a Reuters report. Joint exploration and deposit According to India’s Mines Minister, G. Kishan