Was the Fed’s hike one-and-done? Analysts weigh what comes next
The Federal Reserve delivered its first rate hike since July 2023 on Wednesday, lifting the federal funds target range by 25 basis points to 3.75%-4% in a unanimous 12-0 decision.The…
Micron stock rises as RBC sees AI memory demand supporting valuation
Micron Technology (MU) shares rose on Friday as RBC Capital Markets said the memory-chip maker’s valuation does not fully reflect its exposure to the artificial intelligence-driven memory boom.Micron stock gained…
Evening digest: Aramco to halt Europe oil deliveries, Bitcoin hits $81K
Saudi Aramco has told at least two European refining customers they will receive no crude oil in October following damage to the kingdom’s key East-West pipeline, while gold prices rose…
Invezz Explains: India wants UPI revenue but its payment data may be worth more
India’s decision to introduce a merchant discount rate on selected UPI payments has reopened a debate over who should pay for the country’s digital payment infrastructure.From October 15, person-to-merchant transactions…
Evening digest: Aramco to halt Europe oil deliveries, Bitcoin hits $81K
Saudi Aramco has told at least two European refining customers they will receive no crude oil in October following damage to the kingdom’s key East-West pipeline, while gold prices rose…
Dow closes 110 pts lower as treasury yields rise and oil stays above $100
US stocks ended mixed on Friday as investors wrapped up a volatile week marked by the Federal Reserve’s first interest-rate hike in three years, rising Treasury yields and elevated oil…
SpaceX stock forecast after hitting a $946 million NASA deal
SpaceX stock has moved sideways at an important price, even after the company received a $964 million deal by NASA. SPCX also wavered as investors waited for the upcoming Starship…
Apple stock: Analysts see upside as iPhone 18 Pro sales begin
Apple AAPL stock opened 0.45% lower on Friday.However, analysts remain constructive on the stock, pointing to potential strength in demand for the iPhone 18 Pro models and higher pricing.Apple began…
DraftKings stock is losing to prediction markets despite CEO reassurances
DraftKings (DKNG) stock is slipping further on Friday amidst mounting pressure from specialized event-contract platforms, most notably Kalshi.Kalshi is seeing a massive surge in sports wagering volume with the kickoff…
Arm stock jumps 7% as CEO signals confidence in $2B CPU demand
Arm Holdings stock gained 7% on Thursday after CEO Rene Haas said he was increasingly confident the company could meet Wall Street’s higher revenue expectations for its new data-centre chip,…