The Nifty 50 Index remains in a deep sell-off this week as concerns about the Indian economy face major challenges amid the ongoing Iran war. It dropped to INR 22,940 this week, and has now formed a death cross pattern, pointing to more downside in the near term. Nifty 50 Index death cross points to… Continue reading Nifty 50 Index forms a death cross as Bajaj, Tata Motors, HDFC shares tumble
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Here’s why the Nikkei 225 Index moved into a correction
The Nikkei 225 Index retreated by over 3% on Friday, mirroring the performance of American equities, with the Dow Jones and Nasdaq 100 falling by 200 and 60 points, respectively. The Japanese index dropped to ¥53,370, down by 10.10% from its highest point this year. Japanese stocks amid inflation concerns The Nikkei 225 Index has… Continue reading Here’s why the Nikkei 225 Index moved into a correction
Hang Seng Index at risk of a crash amid Alibaba, Tencent, Xiaomi woes
The Hang Seng Index remained in a correction this week after falling by 10% from its highest point this year as technology companies slipped. It dropped to H$25,400, down from the year-to-date high of H$28,052. Hang Seng Index drops amid the Alibaba, Tencent, Xiaomi sell-off The Hang Seng Index, which tracks some of the biggest… Continue reading Hang Seng Index at risk of a crash amid Alibaba, Tencent, Xiaomi woes
Evening digest: Bitcoin steadies, Goldman Sachs to start layoffs in April
On Thursday, Bitcoin traded around $69,000-$70,000. Goldman Sachs is reportedly looking to start job cuts in April, while OpenAI announced it will acquire Astral, and Uber announceda partnership with Rivian. Bitcoin holds steady amid broader market selloff Bitcoin drifted between $69,000 and $70,000 as escalating tensions in Iran and across the Middle East rattled global… Continue reading Evening digest: Bitcoin steadies, Goldman Sachs to start layoffs in April
Wall Street falls as oil surge fuels inflation fears, Dow Jones down 200 points
Wall Street closed lower on Thursday as rising oil prices and escalating geopolitical tensions in the Middle East dampened investor sentiment and clouded the outlook for interest rate cuts. The S&P 500 fell 0.27% to 6,606.49, while the Nasdaq Composite slipped 0.28% to 22,090.69. The Dow Jones Industrial Average dropped 0.44%, or 203.72 points, to… Continue reading Wall Street falls as oil surge fuels inflation fears, Dow Jones down 200 points
Figma stock falls as Google AI Stitch sparks design software fears
Figma shares extended their decline this week as investor concerns over artificial intelligence competition intensified following the launch of a new design-focused product from Google. The stock dropped 8% on Wednesday and fell more than 4% on Thursday, taking its losses to about 35% for the year. The selloff reflects broader pressure across the software… Continue reading Figma stock falls as Google AI Stitch sparks design software fears
European bulletin: central banks turn hawkish, Lamborghini profits fall
European markets faced broad pressure on Thursday as escalating geopolitical tensions in the Middle East rattled investor sentiment, pushed energy prices higher, and complicated the outlook for inflation and monetary policy. Central banks across Europe signaled increasing caution, Lamborghini’s profit declined while HSBC announced layoffs. European markets slide on geopolitical and inflation fears European shares… Continue reading European bulletin: central banks turn hawkish, Lamborghini profits fall
Analyst says SoundHound stock can double as CFO announces departure
SoundHound AI (NASDAQ: SOUN) opened in the red on Thursday after CFO Nitesh Sharan said he’s stepping down to join a quantum computing company on April 3rd. However, a senior D.A. Davidson analyst, Gil Luria, says the announcement is hardly any reason for long-term investors to trim their exposure to the voice artificial intelligence (AI)… Continue reading Analyst says SoundHound stock can double as CFO announces departure
AI data center boom drives lithium demand as supply risks grow
The rapid expansion of artificial intelligence infrastructure is reshaping global lithium demand, with energy storage systems emerging as a key growth driver alongside electric vehicles. Last year, data centers powering chatbots and other AI applications drove a sharp rise in demand for lithium-iron phosphate batteries, which provide stable and reliable energy supply. These batteries are… Continue reading AI data center boom drives lithium demand as supply risks grow