MSTR stock price has crashed this year and is now hovering at its lowest level since April. Strategy has plunged by over 42% from its highest level this year, and its technicals and fundamentals points to more downside in the near term. MSTR stock price technicals points to more downside The daily timeframe chart shows […]
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Tapestry Inc., the parent company of Coach and Kate Spade, reported record quarterly revenue and stronger-than-expected earnings on Thursday. However, despite the upbeat financial performance and raised full-year guidance, shares of the luxury retailer tumbled as investors expressed disappointment over the company’s growth outlook and ongoing challenges at its Kate Spade brand. Record quarter led […]
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Brighthouse Financial stock (NASDAQ: BHF) surged 26% on Thursday after the Charlotte-based life insurer announced a definitive merger agreement with Aquarian Capital for $70 per share in an all-cash transaction valued at approximately $4.1 billion. The offer represents a 35.1% premium to Brighthouse’s closing price of $51.80 on Wednesday and a 37.7% premium over its […]
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Nvidia stock was volatile on Thursday after Chief Executive Jensen Huang cautioned that Chinese chipmakers are rapidly catching up to US firms in artificial intelligence capabilities, a warning that rattled investor confidence in the AI trade. The stock opened slightly higher, up 0.5% in early trading, before losing ground following a 2% decline on Wednesday. […]
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Gold price and the Swiss franc are soaring this year, while the US Dollar Index is plunging as investors embrace their role as safe haven assets amid soaring risks. The USD/CHF exchange rate plunged to 0.7964, down from 13.50% from the year-to-date high, while gold price has jumped to $3,865. Gold has jumped by almost […]
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The USD/TRY exchange rate continued its strong rally this week, even as the US Dollar Index (DXY) continued its downtrend. The pair was trading at a record high of 41.6850, much higher than the year-to-date low of 35. Turkish inflation is surging The USD/TRY exchange rate continued soaring on Friday after the Turkish statistics agency […]
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The USD/THB exchange rate has been in a strong downward trend this year despite the ongoing weakness in the Thai economy. The pair was trading at 22.37 on Monday, down by 13% from its highest level in 2024. This article explores some of the top reasons why the Thai baht is in a strong uptrend […]
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US stocks declined modestly on Wednesday as investors digested a new round of corporate earnings and looked ahead to key economic data later in the week. The Dow Jones Industrial Average fell 92 points, or 0.2%, after hitting a record high in the previous session. The S&P 500 slipped 0.1%, and the Nasdaq Composite lost […]
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A series of major developments across defense, labor, and economic fronts marked a turbulent Wednesday in the United States. From the Trump administration’s decision to ease restrictions on Ukraine’s use of Western-made long-range missiles to labor disputes at Boeing, new sanctions on Russia, and renewed volatility in financial markets, policymakers and investors navigated a day […]
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Stocks were largely unchanged Thursday as investors processed quarterly earnings from major companies, including Tesla and IBM. The Dow Jones Industrial Average hovered near flat, the S&P 500 edged up 0.1%, and the Nasdaq Composite was also near breakeven. The prior session had seen notable declines, with the S&P 500 down about 0.5%, the Dow […]
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