Tesla’s stock dipped on Friday morning, even after shareholders overwhelmingly approved CEO Elon Musk’s record-breaking $1 trillion compensation package. Shares fell 5.04% to $423.40 although they have recovered to $429.44 at the time of writing, still down 3.69%. The market reaction may seem counterintuitive given the resounding vote of confidence in Musk’s leadership. However, analysts […]
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The crypto market remained under pressure last week, with Bitcoin, Ethereum, and Ripple (XRP) dropping by double digits. This decline happened as the total open interest pulled back and as the fear and greed index slipped. This article explores some of the top cryptocurrencies to watch this week, including Avalanche (AVAX), Cronos (CRO), and LayerZero […]
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Ethereum price remained under pressure on Sunday as sentiment in the crypto industry worsened. ETH token was trading at $3,187, down by over 36% from its all-time high, meaning that it is in a deep bear market. The coin may be about to drop further as a risky pattern nears. Ethereum price is about to […]
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The Dow Jones Industrial Average rallied on Tuesday while the Nasdaq Composite faltered, as investors shifted funds from high-valued technology shares into more defensive sectors such as health care. The move reflected renewed caution toward artificial intelligence-linked stocks, which have faced pressure this month amid valuation concerns and mixed earnings results. The blue-chip Dow rose […]
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The USD/ZAR exchange rate has pulled back in the past few months and is hovering near its lowest level this year. It was trading at 17.16, a few points above the year-to-date low of 17. It remains down by over 14% below its highest level this year. Why the South African rand is rising The […]
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The Swiss franc rebounded against the US dollar as hopes of a deal between the US and the country continued. The USD/CHF pair was trading at 0.7990, down from this month’s high of 0.8117. It has crashed by 13% from its highest level this year. Swiss franc gains amid trade hopes The USD/CHF exchange rate […]
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Tesla stock extended its recent slide on Thursday, falling sharply after US United States Consumer Product Safety Commission (USCPSC) said the company should recall around 10,500 Powerwall 2 battery systems. Shares of the electric vehicle maker dropped 6.2% to $403.87 in midday trading, down $26.73, making it the worst-performing stock in the Nasdaq 100, according […]
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A Texas federal court has allowed a major antitrust lawsuit to proceed, targeting Apple Inc. and OpenAI over claims that their partnership may suppress competition in artificial intelligence. The legal challenge, brought by Elon Musk’s X Corp. and xAI, argues that Apple’s decision to embed OpenAI into the iPhone’s operating system gives the chatbot maker […]
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The crypto market crash intensified on Friday, Nov. 14, with Bitcoin and most altcoins leading the way. Altcoins like Story (IP), Aerodrome Finance (AERO), Jupiter (JUP), and Pudgy Penguins (PENGU) are the top laggards. So, will crypto go back up following this crash? Why the crypto crash is happening The crypto market crash is happening […]
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The Dow Jones Index has pulled back in the past few days, moving from the year-to-date high of $48,416 to the current $47,457. It has remained about 30% above its lowest level this year. So, is it safe to buy the DIA ETF dip? Why the Dow Jones Index has retreated The Dow Jones and […]
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