Bitcoin price has outperformed traditional assets like stocks and commodities this year despite the recent drawdown. It has risen by over 30% this year while the Nasdaq 100 and S&P 500 indices have risen by less than 21%. The 2x Bitcoin Strategy ETF (BITX) has also done well as it rallied by 26% this year,… Continue reading Is the 2x Bitcoin Strategy ETF (BITX) a good fund to buy?
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Albemarle stock hits new 52-week low amid falling lithium prices: Time to sell?
Albemarle Corporation (NYSE: ALB), a prominent player in the lithium market, has been witnessing a significant drop in its stock value recently, hitting new 52-week lows every day. On July 9th, 2024, Albemarle’s stock plummeted by 8.7%, reaching its lowest point since October 2020. This decline was notably the most substantial drop within the S&P… Continue reading Albemarle stock hits new 52-week low amid falling lithium prices: Time to sell?
Yes Bank share price retreats despite FAB, MUFG interest
Yes Bank share price has suffered a harsh reversal this week, becoming one of the worst performers in India. The stock, which jumped to a high of ₹27.44 last week, has dropped by almost 10% to ₹24.60. Yes Bank is attracting bids Yes Bank is attracting attention from other Asian banks as it seeks to… Continue reading Yes Bank share price retreats despite FAB, MUFG interest
S&P 500 index forecast: overbought SPX could reverse soon
The S&P 500 index has done extremely well this year, helped by the rising hopes of Federal Reserve cuts, strong corporate earnings, and optimism among investors. The blue-chip index soared to a record high of $5,576 on Tuesday, bringing the year-to-date gains to about 17%. Other American indices have done well this year. The tech-heavy… Continue reading S&P 500 index forecast: overbought SPX could reverse soon
Baidu’s stock climbs on Robotaxi expansion amid long-term decline: Should you Buy?
On Wednesday, shares of Chinese tech giant Baidu Inc. (NASDAQ: BIDU) surged 2.66% following an announcement by Beijing authorities supporting the integration of robotaxis into ride-hailing and car rental fleets. This progressive step, first reported by Bloomberg News, marks a significant leap towards urban mobility innovation. Baidu’s robotaxi service, Apollo Go, already a familiar name… Continue reading Baidu’s stock climbs on Robotaxi expansion amid long-term decline: Should you Buy?
Jumia stock is far from done rallying yet: analyst says
Jumia Technologies AG (NYSE: JMIA) is rallying on Tuesday after a Benchmark analyst issued a super bullish note in its favour. Shares of the marketplace, logistics and payments service are up 30% for the day at writing but Fawne Jiang is convinced it’s not done pleasing its shareholders just yet. Jumia stock is now trading… Continue reading Jumia stock is far from done rallying yet: analyst says
Boeing sees 32% fall in deliveries in Q2
Beleaguered airplane manufacturer Boeing recorded a 32% fall in deliveries of its commercial airplanes in the second quarter of the current fiscal year compared to last year. The fall came on the back of heightened regulatory scrutiny over the company triggered by the episode of a door blowing away mid-flight in January, especially when the company’s planes had already… Continue reading Boeing sees 32% fall in deliveries in Q2
Invesco Galaxy Ethereum ETF (QETH) fee set at 0.25%
Invesco and Galaxy have announced that the management fees for their Invesco Galaxy Ethereum ETF (QETH) will be set at 0.25%. This decision, detailed in an amended filing to United States regulators on July 9, underscores the intensifying competition among Ethereum exchange-traded fund (ETF) sponsors as the anticipated rollout of spot Ether (ETH) funds approaches.… Continue reading Invesco Galaxy Ethereum ETF (QETH) fee set at 0.25%
Oracle stock plunges as xAI talks fail
Oracle stock is tanking after talks between the company and Elon Musk’s AI startup xAI failed. The two companies were discussing a possible expansion of an arrangement already in place where xAI would rent Nvidia chips from Oracle. The deal was worth $10 billion and would have made xAI one of Oracle’s largest customers. As… Continue reading Oracle stock plunges as xAI talks fail