stocktrader

Shares of US chemical producers moved higher as investors assessed the impact of escalating tensions in the Middle East on global supply chains. Companies with significant production along the US Gulf Coast, including Dow and LyondellBasell Industries, have emerged as potential beneficiaries of disruptions to petrochemical exports from the region. Analysts at Citi upgraded both… Continue reading Analysts see these US chemical stocks gaining as Middle East conflict deepens

Shares of Tesla declined Thursday as broader US equity markets came under pressure amid rising oil prices and escalating tensions involving Iran. Tesla stock fell roughly 3% during the session. The weakness came alongside a broader market downturn. The Dow Jones Industrial Average dropped 611 points, or 1.3%, while the S&P 500 lost 1.2%. The… Continue reading Why Tesla stock is down around 3% today

Palantir Technologies Inc (PLTR) is in focus today after CEO Alex Karp confirmed the company still uses Anthropic’s Claude AI, despite the Pentagon’s recent branding of the startup as “supply chain risk.” While the Department of Defense (DOD) plans on moving away from Anthropic, the integration remains active for now, he revealed at the “AIPcon… Continue reading Palantir still uses Anthropic’s Claude despite Pentagon blacklist

Nvidia stock (NASDAQ: NVDA) slipped 2% on Thursday to hover near the $182 mark amid geopolitical headwinds and macroeconomic anxiety. The plunge came after few days of healthy gains as Nvidia stock battered the broader market weakness on the back of strong bullish factors. But Thursday’s pullback should not be seen as a doubt around… Continue reading Nvidia stock down over 2% today: why investors are booking profits

Nutrien stock price has staged a strong comeback, reaching its highest point since September 2022. It jumped to $82, up by 100% from its lowest point during the pandemic, with the rally accelerating amid the ongoing Iran war. This surge has pushed its market capitalization to over $38 billion. It may continue rising after forming… Continue reading Nutrien stock slowly forms cup & handle as fertilizer prices rise

BlackRock is widening its presence in digital asset markets with the launch of a new exchange traded product tied to Ethereum staking. The asset manager on Thursday introduced the iShares Staked Ethereum Trust ETF, listed on Nasdaq, giving investors exposure to spot Ether while also generating income through staking rewards. The product, called ETHB, adds… Continue reading BlackRock doubles down on crypto with Ethereum staking ETF launch

US stocks declined Thursday as oil prices extended their rally amid escalating conflict involving Iran and growing concerns about disruptions to global energy supplies. The Dow Jones Industrial Average dropped 547 points, or 1.2%. The S&P 500 fell around 1%, while the Nasdaq Composite declined 0.9%. The market weakness came as crude oil continued to… Continue reading US stocks crash at open: Dow slips 500 points, S&P down 1%

Adobe heads into its first-quarter earnings report later on Thursday with its stock down roughly 18% so far this year. Amid booming valuations in the AI space, Adobe’s stock below average performance has made the upcoming earnings a test of investor confidence. The company is scheduled to release results after the Wall Street closing bell,… Continue reading Adobe stock down 18% YTD before Q1 earnings: can AI spark rebound?

South Korea is preparing to strengthen oversight of cryptocurrency trading as authorities move closer to implementing a long-delayed tax on digital asset gains. The country’s tax authority plans to deploy artificial intelligence to analyse cryptocurrency transaction data, aiming to identify investment profits and detect possible tax evasion before the new tax regime takes effect. According… Continue reading South Korea turns to AI to track crypto profits ahead of digital asset tax