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Gold (XAU/USD) recovers some ground on Monday after sliding to its lowest level since March, as traders assess fresh geopolitical developments in the Middle East. However, hawkish Federal Reserve (Fed) expectations continue to cap the upside At the time of writing,
Investors shift from the dollar after Iran halts attacks, easing geopolitical tensions amid Fed rate hike expectations. The dollar retreated from near two-month highs after Iran announced the end of its strikes on Israel, reducing safe-haven demand. The move followed Frida
Quick Read - ROM's 2x daily leverage turned XLK's 7% drop into a 13% single-session loss, shrinking a $10,000 position to $8,655. - AVGO sank 8% despite reporting 143% AI revenue growth, while NVDA dropped 6% as May payrolls crushed rate-cut expectations. - Apple's WWDC keynote...</strong
Global equities diverge as Broadcom’s weak outlook and Fed rate hike bets spur a tech pullback, while Middle East de-escalation lifts sentiment. Global stocks traded mixed Monday as a tech-driven selloff hit Asian markets, while European equities and U.S. futures stabilize
- Bitcoin steadied itself after dropping below the key threshold of $60,000, as Strategy Inc. Chairman Michael Saylor resumed making purchases of the token Most Read from Bloomberg The original cryptocurrency climbed as much as 3.8% to nearly $64,200 on Monday, befo
The firm acquired 1,550 bitcoin for $101 million and raised $181 million via stock sales to bolster liquidity. MicroStrategy purchased 1,550 bitcoin for approximately $101 million, increasing its total holdings to 845,256 BTC. The acquisition follows a 15% drop in bitcoin
Marvell Technology’s inclusion in the S&P 500 index drives a 9% premarket surge, lifting its market cap to $230 billion. Marvell Technology (MRVL) shares climbed 9% in premarket trading Monday after the Nasdaq-listed semiconductor firm was added to the S&P 500 index, effec
Tilray Brands (NASDAQ: TLRY) has become known as a cannabis company. The company expanded its product offerings to include beverages such as beer, although Tilray's cannabis and wellness (hemp-based food) divisions combined for 38% of fiscal 2025 revenue (ended May 31)
TD Securities economists Oscar Munoz and Eli Nir expect May US CPI to show moderating but still-elevated core inflation, with core CPI seen rising 0.23% m/m and 2.8% y/y, while headline CPI is expected to climb to 4.2% y/y. They flag shelter normalization, firmer airfares
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