BitMine stock price has crashed this year as Tom Lee’s Ethereum bet backfires. BMNR dropped to $15.70 on Wednesday, down substantially from last year’s high of $160. This retreat may continue as Cathie Wood pares back her holdings and as the Ethereum price remains under pressure. BitMine stock has slipped amid soaring unrealized losses Tom… Continue reading BitMine stock: Tom Lee’s Ethereum bet backfires as key metrics plunge
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Dow opens 349 points higher as chip stocks rally on Iran deal optimism
US stocks opened higher on Thursday as investors looked to recover from the previous session’s selloff, with optimism surrounding a temporary US-Iran peace agreement helping offset concerns about a more hawkish Federal Reserve under new Chair Kevin Warsh. The Dow Jones Industrial Average rose about 349 points, or 0.68%, while the S&P 500 gained 1.03%.… Continue reading Dow opens 349 points higher as chip stocks rally on Iran deal optimism
Accenture sinks 14% as lowered outlook clouds earnings beat and cybersecurity deals
Shares of consulting and technology services giant Accenture plunged 14% in premarket trading on Thursday after the company lowered the top end of its annual revenue growth forecast, underscoring concerns that businesses remain cautious about spending on discretionary technology projects. The company now expects annual revenue growth of 3% to 4%, compared with its earlier… Continue reading Accenture sinks 14% as lowered outlook clouds earnings beat and cybersecurity deals
MU, SNDK, STX, WDC stocks rise after Apple chief warns of memory-driven price hikes
Shares of memory and storage companies climbed in premarket trading on Thursday after Apple Chief Executive Tim Cook warned that soaring memory and storage chip prices could force the iPhone maker to raise product prices. Micron Technology (MU) rose about 4.7% before the opening bell, while Sandisk gained 4.4%. Seagate Technology advanced around 4% and… Continue reading MU, SNDK, STX, WDC stocks rise after Apple chief warns of memory-driven price hikes
FTSE 100 slides as Fed outlook and sector losses weigh on markets
Britain’s main stock indexes moved lower on Thursday, weighed down by losses in financial and materials stocks as investors awaited the Bank of England’s interest rate decision and continued to assess the US Federal Reserve’s policy outlook. The Bank of England is widely expected to leave interest rates unchanged at 3.75% later in the day.… Continue reading FTSE 100 slides as Fed outlook and sector losses weigh on markets
Dow futures jump 315 points: 5 things to know before Wall Street opens
US stock futures rose on Thursday as investors bought back into technology shares after a sharp sell-off sparked by the Federal Reserve’s tougher inflation message. Nasdaq 100 contracts led the rebound, supported by renewed interest in chip names after President Donald Trump said Apple would work with Intel on domestic chip design and production. The… Continue reading Dow futures jump 315 points: 5 things to know before Wall Street opens
Intel stock in focus after Trump confirms company to build chips for Apple
Shares of Intel rose on Thursday after US President Donald Trump said Apple had agreed to work with the chipmaker to design and manufacture chips in the United States, potentially handing Intel’s foundry ambitions their biggest endorsement yet. Intel shares were up about 2.7% in after-hours trading at the time of writing, after gaining as… Continue reading Intel stock in focus after Trump confirms company to build chips for Apple
Here’s why Barclays, NatWest, Lloyds shares are pumping this week
UK banking stocks jumped to multi-month highs this week as investors cheered the US-Iran ceasefire deal and waited for the latest Bank of England interest rate decision. NatWest share price jumped to 638p, its highest level since February 9 this year, and 26% above its lowest point in March. Lloyds Bank soared to 105.80, its… Continue reading Here’s why Barclays, NatWest, Lloyds shares are pumping this week
Micron stock in focus: can HBM demand unlock another 60% rally?
Micron stock (NASDAQ: MU) remains in focus ahead of the company’s fiscal third-quarter results on June 24, with investors debating whether one of Wall Street’s strongest AI-linked rallies still has room to run. The stock has surged as the memory-chip cycle has tightened, but a fresh bullish call has pushed the debate further. The latest… Continue reading Micron stock in focus: can HBM demand unlock another 60% rally?