Economy

Economy
Economy

Why LIT is up 28% as traders bet on Lighter’s US regulatory path

Lighter price has rallied 28% over the past 24 hours to around $2.95 on Aug. 20, making LIT the biggest gainer among the top 100 cryptocurrencies. CoinGecko data showed LIT climbing from around $2.30 to an intraday high near $2.97, with the rally accelerating during the Asian and European trading sessions. The token was also

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Economy

Why is PUMP price going up today?

Pump.fun’s PUMP token has risen more than 8% over the past 24 hours to around $0.00301, extending its seven-day gain to more than 10% after recently reaching a six-month high. CoinGecko data shows PUMP traded as high as roughly $0.00312 during the latest session, while its market capitalisation stood near $1.18 billion and 24-hour trading

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Economy

Dogecoin looks weak below $0.07, yet one signal hints the selloff is fading

Dogecoin (DOGE) maintains a neutral-to-slightly bearish outlook on Tuesday as the largest meme coin holds just below the critical $0.070 support level. Defending this area could encourage traders to increase their exposure and improve the prospects of a short-term recovery.  However, several moving averages remain above the current price, highlighting the significant resistance DOGE must

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Economy

China economy slows in July as retail sales and investment miss forecasts

China’s economic recovery lost momentum in July, with consumer spending, investment and industrial production all coming in weaker than expected, raising pressure on Beijing to introduce additional measures to support growth in the second half of the year. Retail sales increased 0.6% from a year earlier, according to data from the National Bureau of Statistics

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Economy

The succession and strategy questions facing Tata Sons as N Chandrasekaran resigns

N Chandrasekaran’s decision not to seek another term as chairman of Tata Sons has triggered one of the biggest leadership questions in Indian corporate history, opening the door to a succession battle at a time when the 158-year-old conglomerate is navigating some of its most ambitious and capital-intensive projects. Tata Sons, which is the holding

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Economy

Dow closes lower as Applied Materials leads semiconductor selloff

US stocks ended lower on Friday as investors locked in profits following a record-setting rally, while weaker-than-expected retail sales data and renewed pressure on semiconductor shares weighed on sentiment. The S&P 500 fell 0.2% to close at 7,785.76 after setting fresh record highs earlier in the week. The Nasdaq Composite also declined 0.3% to 26,729.16,

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Economy

What drove Workday stock higher on Thursday and what comes next?

Workday (WDAY) shares closed meaningfully higher on Thursday following a Reuters report that the private equity giant Silver Lake is in discussions to acquire the cloud software provider. Talks between the two firms have reportedly taken place behind closed doors in recent months. The media report brought a much-needed reprieve to Workday stock that’s been

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Economy

CoreWeave stock soars as Q2 earnings alleviate key concerns

CoreWeave (CRWV) shares are ripping higher in extended hours after the company posted market-beating Q2 earnings, citing accelerating artificial intelligence (AI) infrastructure demand. The Livingston-headquartered firm more than doubled its revenue to $2.58 billion, on a per-share loss of $1.14 – much better than $1.41 a share that analysts had forecast. Including post-earnings gains, CoreWeave

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