Oil finds short-term support as oversupply eases, bearish risks linger
The oversupply in the oil market at the beginning of the year is likely to have been sharply lower than previously expected. The International Energy Agency (IEA) has revised its outlook…
SpaceX-xAI deal sparks talk: could a Tesla-SpaceX merger be next?
Elon Musk’s decision to have SpaceX acquire artificial intelligence startup xAI has sent ripples across global financial markets, reviving long-standing speculation about whether his sprawling corporate empire could eventually be…
Wedbush: buy these two ‘still overvalued’ stocks amidst software rout
The software sector is currently weathering a violent storm, characterized by a rapid sell-off that some are calling a “SaaSapocalypse.”The panic intensified this week as AI startup “Anthropic” introduced advanced…
How Apple defied the tech stocks’ rout as AI spending fears hit rivals
Tech stocks have struggled in recent days amid fears of overspending on artificial intelligence and a sharp selloff in software and semiconductor names. Apple, however, has emerged as a rare…
Oil finds short-term support as oversupply eases, bearish risks linger
The oversupply in the oil market at the beginning of the year is likely to have been sharply lower than previously expected. The International Energy Agency (IEA) has revised its outlook…
Dow jumps 1,000 points as Nvidia, Broadcom spark tech-led market comeback
The Dow exploded higher on Friday, surging roughly 1,000 points as a targeted rebound in chipmakers eased a bruising week for US markets.After several sessions of sharp tech-led selling, investors…
BBAI stock surges 18% today: sharp rebound or speculative bounce?
BigBear.ai (NYSE: BBAI stock) surged about 18% on Friday after a string of company announcements and heavy trading activity rekindled interest in the beaten-down AI stock.Volume witnessed considerable growth versus…
Yen slips as markets bet on Sanae Takaichi win and reflationary policies
The Japanese yen slipped as traders positioned for Sunday’s snap election, with markets expecting Prime Minister Sanae Takaichi to extend her hold on power and keep a reflationary policy mix…
Inflation double feature: two data prints that could rewrite market rate-cut fantasy
Wall Street’s favourite macro assumption that inflation will cool “enough” to let the Federal Reserve cut rates on a predictable timetable faces a real stress test in the coming weeks.The…
Morning Brief: Asian markets slide, Bitcoin tumbles amid global risk-off mood
Asian equities, cryptocurrencies, and precious metals came under renewed pressure on Friday as investors pulled back from risk assets, rattled by technology-sector weakness, credit concerns in Southeast Asia, and fresh…