Rocket Lab’s stock price plunged more than 12% on July 16, hitting its lowest level since April 13. The decline has pushed the shares down 55% from their peak this year, wiping out nearly half of the company’s market value as its valuation fell from $86 billion to around $40 billion. Despite the sharp sell-off,
Gold remained under pressure on Thursday as resilient US consumer spending and a continued rally in oil prices weighed on investor sentiment, offsetting support from softer inflation expectations and ongoing geopolitical tensions. The precious metal struggled to hold support at $4,000 an ounce, with investors reassessing the outlook for interest rates after the latest US
London’s FTSE 100 slipped on Wednesday as investors remained cautious over escalating tensions in the Middle East. Losses in precious metals miners outweighed gains in energy stocks, which benefited from a rise in oil prices. The blue-chip FTSE 100 index had fallen 0.1% to 10,515.73 points. The midcap FTSE 250 index also edged lower, declining
US chip stocks are extending losses on July 13 as Washington and Tehran lock horns in a dangerous new phase of open hostility. Over the weekend and into Monday morning, the US Central Command (CENTCOM) launched heavy airstrikes targeting about 140 Iranian military installations, and Iran retaliated against regional US bases and declared the critical
UnitedHealth Group stock has been in a strong rally this year as investors cheered its turnaround efforts and the Trump administration’s decision to boost Medicare Advantage payments by a larger-than-expected rate. UNH jumped and peaked at $434 last week, up by 66% from its lowest point this year. This surge mirrored that of other health
Retail investors, long considered one of the strongest pillars supporting the US stock market since the pandemic, are becoming increasingly selective as market leadership shifts rapidly and alternative investment opportunities gain traction. Recent data suggest individual investors are rotating between themes rather than making broad-based bets on the stock market. At the same time, a
SoFi stock has rebounded in recent weeks, climbing from its year-to-date low of about $15 to around $19 today. Even so, the shares remain roughly 42% below their all-time high. CEO Anthony Noto has attributed much of the weakness to the broader pullback in fintech stocks. With the company’s earnings due later this month, the
NY-headquartered Citigroup has been the perennial laggard of Wall Street for years, burdened by the legacy of the global financial crisis and an unmanageable corporate structure. However, the narrative has flipped, with a renowned wealth manager, Josh Brown, recently calling Citi “one of the top bank stocks” to own – driven by a profound operational
The Schwab US Dividend Equity ETF (SCHD) has moved sideways in the past few days. It has remained inside the key support and resistance levels of $31.60 and $32.90 since May. Despite the consolidation, SCHD is having a strong year, with inflows rising by over $13 billion and its assets nearing the $100 billion mark.
KuCoin, a cryptocurrency exchange, has announced a partnership with UAE Team Emirates–XRG, a professional cycling team. The partnership will make its public debut at the 2026 Tour de France, with KuCoin branding displayed on the team’s buses, support vehicles, and fleet cars throughout the three-week race. Under the agreement, KuCoin will become the team’s exclusive