October 15, 2024
Nvidia rallies, poised to dethrone Apple as most valuable company
Shares of Nvidia neared record highs, putting the heavyweight AI chipmaker on the brink of dethroning Apple as the world’s most valuable company. With investors betting on strong demand for its next-generation Blackwell AI processors, the company’s stock climbed 2.8%. The last session saw Nvidia shares gain 1.2%. According to the RSI, we are in […]
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October 15, 2024
The Bitcoin-Dollar pair skyrocketed 4.7%
According to latest report, ‘Political shift’ drives $407M inflows to crypto products. Cryptocurrency investment products posted another successful week as Bitcoin led weekly inflows with $419 million. Digital asset investment products saw inflows of $407 million during the week to October 11th, CoinShares reported in its latest Weekly Report. The Bitcoin-Dollar pair skyrocketed 4.7% in […]
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October 15, 2024
The Gold-Dollar pair gained a moderate 0.1%
Gold prices eased as broad economic stimulus measures in China, the biggest bullion consumer, failed to invoke investor confidence and a U.S. dollar rally to two-month highs capped upside momentum. The Gold-Dollar pair made a minor upwards correction in the last session, gaining 0.1%. The Stochastic-RSI is giving a positive signal.Support: 2618.5 | Resistance: 2688.7
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October 14, 2024
S&P 500, Dow hit records, boosted by bank earnings surprise
The S&P 500 and the Dow scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly results while the latest inflation data fueled expectations for a U.S. Federal Reserve rate cut in November.
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October 14, 2024
Boeing to cut 17,000 jobs, delay first 777X jet as strike hits finances
Boeing will cut 17,000 jobs — 10% of its global workforce — delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a month-long strike.
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October 14, 2024
Oil settles down on Florida fuel demand worries
Oil prices settled lower on Friday but rose for the second straight week as investors weighed factors such as possible supply disruptions in the Middle East and Hurricane Milton’s impact on fuel demand in Florida. Brent crude oil futures settled down 0.45%. The Oil-Dollar pair saw a minor dip of 0.1% in the last session. […]
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