Scotiabank cites widening US-Canada yield spreads and technical momentum as drivers for the Canadian dollar’s decline against the greenback. The Canadian dollar (CAD) extended losses against the US dollar (USD), trading near mid-April lows as widening yield spreads between
Approval from New York regulators signals Mastercard’s compliance-driven expansion into digital assets amid growing institutional interest. Mastercard received a BitLicense from the New York Department of Financial Services, reinforcing its strategy to integrate stablecoin
Mastercard said that it secured a BitLicense from the New York Department of Financial Services on Wednesday, planting a flag on Wall Street while welcoming rigid standards enforced under one of crypto’s strictest U.S. licensing frameworks. The move highlights Mastercard’s
The retailer exceeded Wall Street earnings forecasts but cut current-quarter guidance due to Middle East conflict impacting sales. Abercrombie & Fitch reported first-quarter earnings that surpassed analyst expectations, driving a 13% rise in its stock price. The company ci
Analysts cite $260 billion in hyperscaler debt and cash constraints as growth ceiling for AI chip demand. Intel (NASDAQ: INTC) fell 3.5% mid-Wednesday after Northland Capital downgraded the stock to "market perform", citing valuation concerns amid a potential slowdown in A
Technology sector falls as healthcare and consumer cyclicals rise The technology sector is experiencing a notable decline, with semiconductor stocks such as Nvidia (NVDA) and Intel (INTC) dropping 2.24% and 4.30% respectively. The healthcare sector is seeing a surge,
Taiwan Semiconductor ADR Taiwan Semiconductor ADR TSM $ 420.39 $8.07 1.96% 64% IBD Stock Analysis Stock clearing shelf area TSM Relative Strength line at new high on weekly chart IBD Composite Rating 99/99 Industry Group Ranking 3/197 Emerging Pattern Consolidation Consolidation...</stron
Zscaler Inc. (NASDAQ:ZS) shares fell more than 31% on Wednesday after the cloud security company shared softer-than-expected forward guidance, drawing attention from a modest fiscal third quarter earnings beat. For the fiscal fourth quarter, Zscaler projected revenue of $8
The market loves growth, and two of the artificial intelligence (AI) infrastructure names with the biggest growth opportunities still ahead are Advanced Micro Devices (NASDAQ: AMD) and Broadcom (NASDAQ: AVGO). That's why both semiconductor stocks have the potential for 50%
Lower-income households report growing food challenges, linking to broader pessimism despite overall economic strength. A Federal Reserve Bank of New York study reveals a significant increase in food insecurity among lower-income, lower-educated, and households with young
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