Business

Business
Business

XRP eyes higher levels as retail interest stabilizes, ETF inflows extend

XRP, the native coin of the Ripple blockchain, is looking to establish a strong support around the $1.40 level after dropping to $1.1 during last week’s market flush. Currently, XRP has been consolidating above $1.4 over the past few days after its recovery attempt stalled at $1.54 on Friday.  Retail interest in XPR has stabilised

Read More
Business

Nvidia stock stuck around $190: HBM costs, China risks are hemming in the AI giant

Nvidia stock edged lower early to slip below $190, as investors weighed signs of continued strength in the artificial intelligence market against persistent policy, cost and competitive risks that have kept the stock confined to a narrow trading range. Nvidia shares were down about 0.5% at $189.06 in early trading. The stock rose 2.5% on

Read More
Business

Paramount sweetens deal further, but WBD may still reject it

Paramount Skydance (NASDAQ: PSKY) is in focus this morning after the company sweetened its deal “further” for Warner Bros. Discovery (NASDAQ: WBD) to woo its shareholders and bypass a resistant board. While the headline price remains a firm $30 per share in cash, the new terms include a $2.8 billion payout to cover its breakup

Read More
Business

Commodity wrap: bullion falls ahead of key data; oil up on supply disruptions fear

Gold and silver prices were in the red on Tuesday as investors remained on the edge before the release of a string of key US economic data.  Over the past week, precious metals have experienced significant volatility, as prices retreated from all-time highs due to a combination of profit-taking and excessively bullish positioning. Meanwhile, oil

Read More
Business

Shopify stock is stuck in a bear market: will it rebound after earnings?

Shopify stock price has suffered a sharp reversal this year, moving from a high of $182 in October last year to the current $118. This article explores what to expect as the company prepares to publish its financial results on Wednesday this week. Shopify to publish its financial results this week  SHOP stock price has

Read More
Business

Why Tesla stock is outperforming other tech giants on Tuesday

Tesla stock extended its recent rebound on Tuesday, rising for a third consecutive session as investors weighed analyst commentary, strategic developments in the company’s energy business, and changes in senior management. Tesla shares were up about 1.5% at $423.05. The broader market was mixed, with the S&P 500 flat and the Dow Jones Industrial Average

Read More
Business

UK ramps up crypto ad crackdown with legal action against HTX

British regulators have taken steps to restrict crypto exchange HTX’s reach in the UK by requesting major tech platforms to block public access to its services following an ongoing legal dispute over alleged illegal promotions. In a statement issued Tuesday, the Financial Conduct Authority said it had formally asked Google and Apple to delist HTX

Read More
Business

Datadog Q4 earnings: sufficient to justify a 230x earnings multiple?

Datadog Inc (NASDAQ: DDOG) is rallying this morning after the cloud-based observability firm posted its fourth-quarter report that, on the surface, appeared to be a clean beat. The company reported $953 million in revenue on 59 cents a share of adjusted earnings for its Q4, both handily above Street estimates.   However, one could argue

Read More