Economy

Economy
Economy

MSTR stock gain 4% after buying $1.57B Bitcoin as BTC nears $74K

Michael Saylor’s Strategy (previously known as Microstrategy), the world’s largest publicly traded holder of bitcoin, expanded its cryptocurrency reserves again last week, purchasing more than $1.5 billion worth of bitcoin in one of its largest acquisitions on record. According to a filing with the US Securities and Exchange Commission on Monday, the company bought 22,337

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Economy

Pi Network makes major announcements on Pi Day as the Pi Coin price sinks

Pi Coin price has suffered a major reversal, moving from a high of $0.2975 to the current $0.1970. It has dropped by over 30% from its highest point this month despite some major announcements on Pi Day and after the latest Kraken listing.  Pi Network launches Launchpad on testnet  One of the top announcements on

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Economy

Altaf Kassam: US stocks may not ‘snap-back’ after the Iran war

As the conflict in the Middle East continues to roil global markets, investors are searching for signs of a turnaround. However, today on CNBC, Altaf Kassam – EMEA Head of Investment Strategy and Research at State Street Global Advisors – provided a sobering reality check. While historical precedents suggest that markets often rally before a

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Economy

Commodity wrap: Brent below $100 after US Russia oil waiver; gold slips

Oil prices fell more than 2% on Friday after the US granted a waiver for sanctioned Russian crude and an Indian tanker sailed out of the Strait of Hormuz. However, both benchmarks, Brent and West Texas Intermediate crude oil, were on course for weekly gains due to the ongoing conflict in the Middle East. On

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Economy

Nutrien stock slowly forms cup & handle as fertilizer prices rise

Nutrien stock price has staged a strong comeback, reaching its highest point since September 2022. It jumped to $82, up by 100% from its lowest point during the pandemic, with the rally accelerating amid the ongoing Iran war. This surge has pushed its market capitalization to over $38 billion. It may continue rising after forming

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Economy

Revolut is close to a UK banking licence: here’s what comes next

After four years of applications, regulatory back-and-forth, and an extended mobilisation period that has broken UK records for its length, Revolut is finally close to securing a full banking licence in its home market. The Financial Times reported Wednesday that the approval is imminent, a milestone that would end a process that began in 2021

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Economy

Commodities wrap: oil plunges as Trump signals Iran war end, gold rally

Crude oil has had a dramatic couple of days with prices hitting a more than three-year high on Monday, and plummeting 7% to briefly trade below $90 per barrel on Tuesday.  Both the West Texas Intermediate and Brent crude oil plunged as US President Donald Trump said that the war in the Middle East with

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Economy

Analysis: Can Gulf oil find new routes if Hormuz remains shut?

With conflict escalating in the Middle East Gulf, the crucial Strait of Hormuz has effectively shut down, immediately halting the transit of oil and casting deep uncertainty over the fate of roughly 16 million barrels per day (bpd) of crude exports from the region. As flows through this vital chokepoint grind to a standstill, the

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Economy

Crude oil price surges to $115 on Hyperliquid as Kuwait, UAE slash production

Crude oil price continued rising this weekend as the war in Iran continued, pushing some key countries to slash their output. Hyperliquid futures show that West Texas Intermediate (WTI) soared to $115 on Sunday, much higher than Friday’s close of $90. Brent, the global benchmark, rose to $117, the highest level since 2022. WTI crude

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Economy

Nvidia, Meta, Tesla are worth trillions, but who funds this AI boom?

In 2025, artificial intelligence moved from tech circles into everyday life. It showed up everywhere, from conversations at the dinner table, in questions about whether the next phone or washing machine would run on AI, and in emails from managers urging employees to learn how to use it. Suddenly, the technology was no longer abstract.

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