US jobless claims rose slightly last week, suggesting that while hiring has slowed, employers are still holding back from large-scale layoffs in an increasingly uncertain economic environment. Data released by the Labor Department showed that initial claims for unemployment benefits rose to 210,000 in the week ending March 21, up from 205,000 a week earlier.
Snap stock price has crashed to an all-time low as concerns about its business continued. It dropped to a low of $4.36, down from its all-time high of $83, with its market capitalization falling from over $125 billion in 2021 to $7.3 billion. Snap’s growth in North America has stalled Snap, the parent company of
Oobit has launched Oobit Business, a new platform that enables companies to run corporate finance operations directly from stablecoin balances. The milestone marks the latest move for the Tether-backed crypto payments app in its effort to integrate stablecoins with day-to-day spending and now in running company operations. It also strategically coincides with the growing adoption
Michael Saylor’s Strategy (previously known as Microstrategy), the world’s largest public holder of Bitcoin, continued adding to its cryptocurrency reserves last week, though at a significantly slower pace compared to its recent large-scale purchases. The company acquired 1,031 Bitcoin for approximately $76.6 million, according to an 8-K filing with the US Securities and Exchange Commission
It’s only March, and investors have already absorbed a hot war in the Middle East, a credit system showing cracks, a brutal tech repricing, and two of the world’s most trusted safe-haven assets selling off in the middle of a crisis. The market feels chaotic because it genuinely is, and what makes this moment unusual
A growing share of Gen-Z (defined as those born between 1997 and 2012) is stepping away from work and education at the same time that debt burdens are rising and wages are struggling to keep up with living costs. Across major economies, millions of young people are now classified as NEETs, meaning they are not in
Arm Holdings Plc shares surged on Friday after a major analyst upgrade and growing optimism around its role in the artificial intelligence (AI) chip ecosystem fueled investor interest. The stock gained 7% to its intraday high, extending its recent rally as analysts highlighted the company’s evolving business model and stronger earnings potential tied to AI-driven
The Bank of England (BoE) held its benchmark interest rate steady on Thursday but signaled a more hawkish stance as rising energy prices linked to the Middle East conflict threaten to push inflation higher. The nine-member Monetary Policy Committee (MPC) voted unanimously to keep rates unchanged at 3.75%, marking its first unanimous decision in over
Shares of Starbucks came under pressure after RBC Capital Markets downgraded the coffee giant, citing rising labor costs, elevated investor expectations, and uncertainty around margin improvement. The brokerage cut its rating to “Sector Perform” from “Outperform” while maintaining a price target of $105, implying modest upside from current levels. Starbucks shares fell 0.9% to $96.69
Even as the Indian government reassures citizens that the supply of domestic cooking gas remains uninterrupted, uncertainty prevails. Experts believe shortages of liquefied petroleum gas (LPG) will likely remain. “Shortages will likely persist for as long as the kinetic conflict remains active,” Igor Isaev, doctor of technical sciences, head of analytics center at Mind Money,