Economy

Economy
Economy

Tesla stock climbs 3% to breach $400 again: what’s behind the surge?

Shares of Tesla (NASDAQ: TSLA) climbed on Thursday, rising above the $400 mark as improved sales data from China supported investor sentiment despite ongoing concerns around the company’s long-term strategy. The stock was up around 3% at $409.70 in early trading. China sales provide boost Tesla sold 79,478 vehicles from its Shanghai plant in April,

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Economy

Dow jumps 448 points on Iran deal hopes, AI rally lifts stocks

Wall Street’s main indexes opened higher on Wednesday, extending a strong run fueled by optimism over a potential US-Iran peace agreement and continued enthusiasm around artificial intelligence-driven growth. Stock indices advanced after reports suggested Washington and Tehran were nearing a deal to end the conflict. The Dow Jones Industrial Average rose 448 points, or 0.91%,

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Economy

AB InBev stock jumps 9% as earnings beat and beer volumes defy slump

Shares of Anheuser-Busch InBev rose sharply on Tuesday after the world’s largest brewer reported first-quarter results that exceeded analyst expectations, supported by resilient beer demand and a return to volume growth. American depositary receipts climbed 9.3%, building on gains earlier this year, after the company posted adjusted earnings per share of 97 cents, up from

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Economy

Bitget CFD volume surges to $8B as gold trading drives accelerated growth

Victoria, Seychelles, May 4, 2026— Bitget, the world’s largest Universal Exchange (UEX), has recorded a new milestone in its CFD business, with daily trading volume reaching $8 billion, less than half a month after surpassing $6 billion in March. The surge comes amid a broader rise in global gold demand and trading activity. Investment demand

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Economy

Brent crude oil price forecast as Trump threatens to attack Iran

Brent crude oil price rose for two consecutive weeks, reaching its highest point since March 16 this year. It ended the week at $109 as investors reflected on the ongoing developments in the Middle East, where the fragile ceasefire between the United States and Iran continued. Donald Trump reviewing the Iran proposal Brent crude oil

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Economy

Wall Street is shifting gears after Fed hold: these 5 stocks lead way

The Federal Reserve kept borrowing costs unchanged on Wednesday, holding the federal funds rate in the 3.50% to 3.75% range for a third straight meeting. But this was no routine pause. The vote was the most divided since 1992, with four officials dissenting, and that split sent a clear message to investors: the Fed is

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Economy

ExxonMobil earnings mixed as conflict costs weigh; shares slips

Exxon Mobil reported a mixed performance for the first quarter of 2026. While the company’s revenue exceeded expectations, its adjusted earnings per share were below forecasts.  This shortfall was primarily attributed to substantial one-off charges and timing issues related to derivatives. The stock fell 1.6% on Friday after the results came out. The strong underlying

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Economy

Alphabet hits 52-week high as AI, cloud growth fuel stock surge

Shares of Alphabet Inc. surged on Thursday after the company delivered a strong first-quarter earnings report, easing investor concerns over its rising capital expenditure tied to artificial intelligence infrastructure. The stock gained 7.74% to $374.22, its 52-week high, as markets responded positively to robust growth across its cloud and core advertising businesses, even as spending

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Economy

Robinhood stock dives as crypto woes continue, costs rise: buy the dip?

Robinhood stock price slumped by over 9% in the extended hours after the blue-chip company’s earnings fell short of expectations because of the cryptocurrency slump. HOOD dropped to $74 after closing at $82 in the regular session. So, is it safe to buy the dip or sell the rip? Robinhood stock falls as earnings fall

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Economy

Nvidia stock slides as OpenAI fears spark selloff in chip stocks

Semiconductor stocks declined sharply on Tuesday, with Nvidia and its peers coming under pressure after fresh concerns emerged about the financial trajectory of OpenAI. Nvidia shares fell about 1.5% in trading, reversing some of the previous session’s gains when the stock closed at a record high after rising 4%. The chipmaker had recently broken out

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