February 18, 2025
Shein faces investor pressure to slash valuation to $30 billion
Online fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion ahead of its London listing. Its shareholders are suggesting that an adjustment is required to help get the potential initial public offering in the UK over the line.
Read More
February 18, 2025
European shares break record highs on Ukraine peace hopes
European shares rose to record levels, led by defence stocks, as the region’s political leaders called for an emergency summit on the Ukraine war amid growing U.S. calls to boost military spending for security.
Read More
February 18, 2025
Oil prices steady as peace talks loom, Caspian supply reduced
Oil prices were broadly steady as investors monitored developments over a possible Russia-Ukraine peace deal that could increase global flows by easing sanctions, while reduced Caspian supply from a pumping station drone attack curbed any selling. The Oil-Dollar pair skyrocketed 1.3% in the last session. The RSI is giving a negative signal.Support: 69.539 | Resistance: […]
Read More
February 17, 2025
SEC asks for 28 more days to respond to Coinbase’s appeal
The United States Securities and Exchange Commission has requested an additional 28 days to review crypto exchange Coinbase’s appeal in its ongoing lawsuit. However, the agency says its new crypto division could potentially end the 20-month legal battle.
Read More
February 17, 2025
Dollar notches weekly loss against euro as tariffs delayed
The dollar notched a weekly loss against the euro as a delay in the introduction of trade tariffs planned by U.S. President Donald Trump raised hopes that they may not be as bad as feared, while optimism about a peace deal between Russia and Ukraine helped the single currency rally. The Euro-Dollar pair made a […]
Read More
February 17, 2025
Walmart to shed light on consumer health as inflation bites, tariffs swirl
Walmart’s quarterly report in the coming week will give investors fresh insight into the health of U.S. consumers, who are facing stronger inflation and uncertainty over whether President Donald Trump’s tariffs will push up prices. The benchmark S&P 500 stock index was up about 1% last week, with stocks showing resilience.
Read More
