US lawmakers consider a $300 de minimis exemption for Bitcoin transactions as part of broader crypto tax policy discussions. The House Ways and Means Committee and Senate Finance Committee are evaluating a $300 exemption for Bitcoin transactions to simplify capital gains t
Semiconductor sector weakness and foreign investor outflows pressure the KRW, pushing USD/KRW past 1350 amid limited exporter repatriation. USD/KRW climbed above 1350 as semiconductor stock declines weighed on the Korean Won. The move follows a 6% drop in Korean chipmakers
NASDAQ index plunges 4.18% after strong US employment report The US stock market declined sharply on Friday, with the NASDAQ index tumbling 4.18% and the S&P 500 falling 2.65%. The decline was triggered by a stronger-than-expected US employment report, which showed no
CrowdStrike and Palo Alto Networks shares decline CrowdStrike and Palo Alto Networks lost 8% and 3% respectively after earnings. The introduction of Anthropic's Mythos model had boosted shares of both companies over 70% between April and May. Mythos is deemed too
Friday’s labor report triggered a tech sell-off, dragging major U.S. equity benchmarks lower as traders reassessed rate-cut expectations. U.S. stocks closed sharply lower Friday after May’s jobs report disappointed, pressuring the tech sector and broader market. The Dow dr
XAG/USD falls nearly 8% this week, nearing its 200-day SMA after stronger-than-expected US payrolls data. Silver prices plunged to a nine-week low of $68.03, extending weekly losses to nearly 10% as robust US Nonfarm Payrolls data strengthened the USD. The metal now tests
U.S. equities closed sharply lower as weaker-than-expected payrolls data fueled concerns over economic growth and tech valuations. The Nasdaq Composite tumbled 4% on Friday, leading losses across U.S. equities after May’s labor market report disappointed investors. The dec
American Airlines stock rebounded Friday, trimming losses after an 11% drop over the prior six sessions. American Airlines (AAL) closed at $13.51 on Friday, up 1.54%, breaking a six-session losing streak that erased roughly 11% of its value between May 28 and June 4. <
Baker Hughes data shows 563 active rigs, signaling sustained drilling activity amid energy sector recovery. The US oil and gas rig count increased by one to 563 this week, extending its growth streak to seven consecutive weeks. This marks the longest expansion since 2022 a
Investors trimmed tech exposure after May's jobs report, driving the Nasdaq Composite to its steepest decline in over two months. The Nasdaq Composite fell 4.1% on Friday, leading a broad market retreat as investors digested May’s labor market data and reduced positions in
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