Economy

Economy
Economy

KuCoin unveils Crypto Cup with up to 1.4M USDT reward pool

KuCoin has unveiled a global football-themed cryptocurrency campaign that will allow users to compete for rewards worth up to 1.4 million USDT across its platform ecosystem. Named the KuCoin Crypto Cup, the campaign will run from June 11 through July 20, 2026. It is designed to connect several parts of the exchange’s ecosystem, including trading,

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Economy

Chewy stock sinks on Q1 earnings, creating opportunity for long-term investors

Chewy Inc (CHWY) opened in the “red” this morning after coming in shy of EPS estimates for its fiscal Q1 and offering guidance that signals continued weakness in the current quarter. Investors are bailing on CHWY mostly because the financial release reinforces CEO Sumit Singh’s recent comment that the US consumer is more “stretched” than

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Economy

Plug Power stock just suffered a harsh reversal: buy the dip or sell the rip?

Plug Power stock has slumped sharply in the past few days, moving from a high of $4.33 on June 2nd to the current $2.91. It has slumped to its lowest point since April 20th, with the market capitalization falling from over $5.7 billion to $4 billion today. So, will this hydrogen giant rebound or fall

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Economy

Commodity wrap: Oil slumps over 3% as Iran-Israel pause attacks; gold falls

Oil prices plunged more than 3% on Tuesday as Iran and Israel announced a halt in attacks, thereby easing tensions in the Middle East.  Gold prices were largely unchanged after slipping to a two-and-a-half month low in the previous session. Silver also continued its fall below $70 per ounce.  Meanwhile, copper on the London Metal

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Economy

Corning rallies after Amazon taps fiber-optics maker for AI data center expansion

Shares of Corning GLW climbed sharply by 8% on Monday after Amazon unveiled a multibillion-dollar agreement with the advanced glass and fiber-optics manufacturer. The deal will see Corning supply critical networking infrastructure for the technology giant’s expanding US data center footprint. The long-term partnership will see Corning provide optical fiber, cable, and connectivity solutions that

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Economy

Bitcoin price hits 200-week trendline amid record ETF outflows and liquidations

Bitcoin is trading near one of its most closely watched long-term technical levels after a sharp selloff pushed the cryptocurrency toward the low-$60,000 region. The decline comes at a time when spot Bitcoin exchange-traded funds (ETFs) are experiencing an extended period of capital outflows, while liquidations across the crypto market have surged to their highest

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Economy

Why is AVGO up? GOOG’s fundraising, Anthropic’s IPO, Huang’s Marvell call in focus

Broadcom’s stock surged more than 4% in trading on Tuesday as investors reacted positively to several developments tied to the artificial intelligence sector. Market sentiment was boosted by Alphabet’s plans to raise funds for AI infrastructure, Nvidia CEO Jensen Huang’s prediction that Marvell could become the “next trillion-dollar company,” and Anthropic’s recent IPO filing. The

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Economy

Why Nvidia stock is soaring around 4% on Monday

Shares of Nvidia (NVDA) were surging on Monday morning in contrast to the broader market. The stock was soaring around 4% as the broader indices were under pressure in early trading. The move comes as Nvidia is stepping up its challenge to Intel and Advanced Micro Devices in the artificial intelligence hardware market, unveiling a

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Economy

KOSPI Index at a crossroads: Can South Korea’s bull run reach 10,000?

The KOSPI Index has entered the longest bull market in decades. After bottoming at KRW 2,132 in 2022, it has jumped by 295% to the current KRW 8,476. It has jumped by 100% this year and by 215% in the last 12 months. So, the question is whether the blue-chip index will continue the bull

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Economy

Crude drops 14% in May as peace hopes outweigh supply fears

Oil prices in May experienced extreme volatility as uncertainty about the US-Iran ceasefire kept the market on edge.  Even as Brent crude prices had climbed more than $110 per barrel earlier this month, the benchmark contract could not sustain the high levels for long.  Crude futures cooled in May as hopes for a US–Iran deal

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