Here’s why Brent crude oil price may drop below $60 soon
Brent crude oil price retreated for three consecutive days, reaching its lowest level since April 7 this year. It has plunged from a high of $114 on May 4 to…
Investing
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Here’s why Alibaba, Tencent, Xiaomi stocks are falling amid the AI boom
The biggest Chinese technology companies are underperforming the market despite the ongoing artificial intelligence boom. Xiaomi stock has plunged by 30% this year, while Tencent and Alibaba have dropped by…
Here’s why the Kospi Index rally has taken a breather today
The Kospi Index pulled back by over 1% on Thursday as the recent bull run took a breather, following the South Korean central bank’s interest rate decision. It retreated to…
Crude oil price on edge as the US launches another attack against Iranian targets
Crude oil price rose slightly as concerns about the US-Iranian truce rose following the latest strikes against Iranian targets. Brent, the global benchmark, was trading at $93.85, while the West…
Here’s why the crypto market is crashing today
The cryptocurrency market is under heavy pressure, with major digital assets trading sharply lower.Bitcoin (BTC) fell below the key $73,000 support level, while Ethereum dropped under $2,000 as selling intensified…
Here’s why the XRP price is in a deep dive today
XRP price crashed below a crucial support level today, May 28, as liquidations in the crypto industry. It also plunged amid the ongoing US-Iran tensions, and as investors rotated to…
Here’s why investors are shorting CoreWeave stock
CoreWeave (NASDAQ: CRWV) stock price remains under pressure this month, despite its rising role in the artificial intelligence (AI) industry, where it has become the partner of choice of top…
Broadcom stock flashes bullish flag and C&H pattern ahead of results
Broadcom (NASDAQ: AVGO) stock has moved sideways in the past month as the recent bullish momentum faded. This consolidation may be calm before the storm as it has formed a…
Virgin Galactic stock is soaring ahead of the SpaceX IPO: what next?
Virgin Galactic (NYSE: SPCE) stock price has gone parabolic this month, reaching its highest point since December last year. SPCE shares have jumped by 65% from their lowest level this…
Here’s why Tilray Brands stock has crashed: will it rebound soon?
Tilray Brands (NASDAQ: TLRY) stock price has plummeted this year, and is now hovering at its lowest level since July last year. It has plunged by 76% from its highest…