Pi Network price just crashed to a record low, continuing a downward trend that has been going on since its mainnet launch early last year. It plunged to a low of $0.1190, bringing its market capitalization to over $1.4 billion, a $18.6 billion lower than its all-time high of $20 billion. This article explores why… Continue reading Here’s why the Pi Network Coin price has crashed to a record low
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Foxconn and Intel partner to develop next-generation AI infrastructure solutions
Taiwan’s Foxconn announced on Thursday a strategic collaboration with Intel to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms. The announcement comes as Intel shares staged a recovery on Wednesday, rising 3% to $111.36 and putting the chipmaker on track to end a five-session losing streak. Foxconn and Intel expand… Continue reading Foxconn and Intel partner to develop next-generation AI infrastructure solutions
Why analysts are raising Broadcom targets despite a 14% stock plunge
Broadcom delivered the kind of quarter most companies would call a statement result, but the market wanted more. The chipmaker reported record revenue, record free cash flow and another sharp jump in artificial intelligence semiconductor sales. Yet Broadcom stock (NASDAQ: AVGO) tumbled more than 13% in extended trading after the results, as investors focused less… Continue reading Why analysts are raising Broadcom targets despite a 14% stock plunge
European shares hold steady as Middle East tensions keep investors cautious
European shares were largely steady at the open on Thursday as investors remained cautious amid ongoing developments in the Middle East. Market sentiment was also influenced by concerns surrounding the financial services sector, while company-specific updates drove notable moves in individual stocks. The pan-European STOXX 600 index edged up 0.1% to 622.17 points by 0819… Continue reading European shares hold steady as Middle East tensions keep investors cautious
RBI dollar-rupee swaps push fx hedging costs to two-month lows
Aggressive buy-sell dollar/rupee swap operations by the Reserve Bank of India over the past 10 days have pushed foreign exchange hedging costs to their lowest levels in two months, while contributing to a recovery in the rupee ahead of a closely watched monetary policy decision. One-year hedging costs have fallen sharply from a mid-May peak… Continue reading RBI dollar-rupee swaps push fx hedging costs to two-month lows
Brent crude oil price slips after Israel-Lebanon ceasefire, but key risks remain
Brent crude oil price retreated to $96.7 today, June 4, as investors reacted to the new ceasefire between Israel and Lebanon. It remains about 16% below its highest point in May this year. Still, oil faces some major risks ahead despite the agreement. Brent crude oil price slips after Israel-Lebanon ceasefire Israel and Lebanon agreed… Continue reading Brent crude oil price slips after Israel-Lebanon ceasefire, but key risks remain
Partners Group flags slower asset growth as redemption risks rise
Switzerland-based Partners Group said on Thursday that it expects fundraising activity to slow in the second half of 2026, with the trend likely to continue into 2027, as uncertainty surrounding redemptions from its open-ended evergreen funds weighs on growth prospects. The company disclosed that it had capped withdrawals from an $8.6 billion private equity fund,… Continue reading Partners Group flags slower asset growth as redemption risks rise
Bitcoin price prediction: Here’s why Wall Street is dumping BTC ETFs
Bitcoin price continued its strong crash today, June 4, reaching its lowest level since March this year, continuing a downward trend that started mid May. BTC plunged to $61,325, erasing billions of dollars in value. This crash is happening as Wall Street investors continue dumping the coins. Why Wall Street investors are selling BTC ETFs… Continue reading Bitcoin price prediction: Here’s why Wall Street is dumping BTC ETFs
SMFG targets $5 billion trading revenue as Japan rates reset markets
Sumitomo Mitsui Financial Group plans to double revenue from its sales and trading unit to 800 billion yen, or about $5 billion, within the next few years as Japan’s shift away from ultra-low rates drives demand for market products. Arihiro Nagata, head of the bank’s global markets division, told Reuters that the business currently generates… Continue reading SMFG targets $5 billion trading revenue as Japan rates reset markets