May 20, 2025
Wall Street stocks mostly flat
U.S. stocks finished near the unchanged mark with market sentiment weakened by the downgrade of the federal government’s perfect sovereign credit rating owing to its huge debt profile. Moody’s slashed the U.S. sovereign credit rating citing the government’s $36 trillion outstanding debt and interest.
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May 20, 2025
Tether surpasses Germany’s $111B of US Treasury holdings
Tether, the $151 billion stablecoin issuance giant, has surpassed Germany in United States Treasury bill holdings, showcasing the benefits of a diversified reserve strategy that has helped the firm navigate the volatility of the cryptocurrency market.
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May 19, 2025
Oil rises but remains under supply hike pressure
Oil settled higher on Friday, notching a second straight week of gains on easing U.S.-China trade tensions, although prices were held back by expectations of higher supply from Iran and OPEC+.
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May 19, 2025
Gold players keep faith despite trade truce-induced correction as gold trades 10% below record
Gold prices have fallen almost 10% from a record high just above $3,500 per ounce in April as a de-escalation in U.S.-China trade tensions punctured momentum, but analysts are sticking with a bullish outlook due to strong underlying support for the metal. The Gold-Dollar pair plummeted 1.1% in the last session. The RSI is giving […]
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May 19, 2025
Tesla blocks stockholders with less than 3% shares from suing officers on its behalf
Tesla blocked shareholders who own less than 3% of its shares from suing its directors or officers on behalf of the electric vehicle maker for breach of duties, according to a filing with the SEC. 3% of Tesla’s shares amounts to $34 billion as of Friday’s close.
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May 15, 2025
Oil falls after US crude inventories rise
Oil prices eased after government data showed U.S. crude oil stockpiles rose unexpectedly last week, prompting investor concerns of excess supplies. Both benchmarks traded close to their highest in two weeks in the previous session, lifted by a temporary cut in U.S.-China tariffs.
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