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Lloyds and Barclays share prices have held steady in the past few days as investors focus on the British economy. Barclays (BARC) stock was trading at 220p on Wednesday, 12% higher than this month’s low of 196.30p. It has risen by over 44% this year, making it one of the best banking stocks globally.  Similarly,… Continue reading Lloyds and Barclays share prices have risen in 2024: more upside?

Japanese stocks have staged a strong comeback after tumbling hard earlier this month. The Nikkei 225 index rose to a high of ¥36,240 on Wednesday as traders waited for Thursday’s Japan GDP data. It has risen by over 16% from its lowest point last week.  Japanese yen has retreated The Nikkei 225 index comeback happened… Continue reading Nikkei 225 index forms a bullish pattern ahead of Japan GDP data

Romania is currently grappling with the aftermath of one of its most severe heatwaves, which has significantly impacted the country’s agricultural sector. The extreme heat, which saw temperatures soar above 40°C in July, has caused widespread devastation, particularly among sunflower and corn farmers. In some areas, these farmers are reporting crop losses of up to… Continue reading Romanian heatwave triggers severe drought, wipes out 90% of sunflower, corn yields

Intel has sold its 1.18 million share stake in British chip designer Arm Holdings, raising nearly $147 million. This move is part of a broader restructuring strategy as the company grapples with financial challenges and intensified competition in the semiconductor industry. Why did Intel divest its stake in Arm? Intel’s decision to divest from Arm… Continue reading Intel offloads stake in UK chip designer Arm amid restructuring push

Amid recent turbulence in the semiconductor sector, Bank of America (BofA) analysts are forecasting a potential rebound for semiconductor stocks.  The sector has been significantly impacted by the fluctuating effects of investments in AI infrastructure, leading to heightened volatility and investor uncertainty. In recent weeks, semiconductor stocks have faced considerable declines as market participants struggle… Continue reading BofA forecasts semiconductor stocks’ rebound despite ongoing volatility: Key reasons explained

KeyCorp (NYSE: KEY) saw its stock price surge approximately 18% today following an announcement that the Bank of Nova Scotia (NYSE: BNS) will invest $2.8 billion for a minority stake in the financial services company.  This significant move is set to reshape the landscape for both banks, offering new strategic opportunities. Chris Gorman, KeyCorp’s CEO,… Continue reading KeyCorp shares surge 18% as Scotiabank invests $2.8 billion: What this means for both banks

Tesla has silently stopped taking orders for the cheapest version of the Cybertruck. Customers can now only book the $99,990 variant and the $119,990 variant. The news comes as a major blow to Elon Musk’s plans to produce 200,000 units of the Cybertruck annually. In 2019, Musk claimed a $40,000 Cybertruck will soon hit the… Continue reading Tesla drops cheapest Cybertruck model from sales: Here’s why

US crude oil prices have surged for the fifth straight day, surpassing $77 per barrel. This climb is driven by heightened geopolitical tensions following the Pentagon’s decision to bolster military forces in the Middle East due to escalating threats from Iran towards Israel. The recent surge underscores the impact of geopolitical developments on global oil… Continue reading Crude oil prices surge for fifth consecutive day, exceeding $77 amid Pentagon’s Middle East deployment

Veteran investor David Roche has issued a cautionary forecast for the stock market, predicting a potential bear market in 2025.  Roche, a prominent expert at Quantum Strategy, points to the growing bubble in artificial intelligence (AI) as a key factor that could drive a significant market downturn.  According to Roche, the exuberance surrounding AI may… Continue reading David Roche warns of potential bear market in 2025 amid AI bubble concerns