US stocks closed lower on Wednesday as hotter-than-expected inflation data increased expectations of further Federal Reserve interest rate hikes, weighing on technology shares and other rate-sensitive investments. The S&P 500 fell 1.08% to 7,721.49, while the Nasdaq Composite dropped 1.85% to 26,701.48. The Dow Jones Industrial Average declined 0.09%, or 45.23 points, to 51,624.87, with
Ethereum’s derivatives market is showing reduced leverage as institutional outflows and weak US trading sentiment weigh on its recovery. CryptoQuant data shows ETH’s Estimated Leverage Ratio (ELR) has dropped to 0.62, its lowest level since November 2025. Meanwhile, US spot Ethereum exchange-traded funds have recorded 10 consecutive days of net withdrawals. The technical picture remains
Morgan Stanley stock has slipped substantially in the past few weeks as enthusiasm about mergers and acquisitions (M&A) and IPOs cooled. MS initially jumped to $230 in July and then tumbled to a low of $182.62. Focus now shifts to its upcoming earnings, with the options market pointing to moderate volatility. Morgan Stanley is being
Amazon is in talks to acquire Decart, a fast-growing artificial intelligence (AI) company. According to the WSJ, Amazon is planning to buy the company in a $7 billion deal, marking a big jump from its last funding round in May, which valued it at $4 billion. Neither side has confirmed the deal, and according to
SpaceX chief Elon Musk’s years-long effort to bring its satellite internet service Starlink to India took a dramatic turn this week. Musk, whose company competes with Ambani’s Reliance Jio and Eutelsat’s OneWeb in India’s satellite communications market, on Thursday took to X, the social media platform he owns, to challenge the delay in Starlink’s commercial
SoundHound stock has plunged to its lowest level since November 2024 as investors continue betting against the voice AI company. It slumped to a low of $5.38 on Friday, down by nearly 80% from its all-time high, a sign that Nvidia’s investment has flopped. Investors are aggressively betting against SoundHound stock SOUN stock has plunged
US stocks ended mixed on Thursday, with the Nasdaq Composite posting its steepest decline among the major indexes as artificial intelligence stocks came under pressure and rising oil prices added to inflation concerns. The Nasdaq fell 1.24% to 27,197.10 points, while the S&P 500 lost 0.46% to 7,765.70. The Dow Jones Industrial Average gained 0.09%
Dell Technologies stock has continued its strong rally this year, making it one of the top gainers in the S&P 500 Index. It has soared by 347% this year, bringing its market capitalization to over $365 billion, with Michael Dell’s net worth rising to $266 billion. So, with the stock being highly overbought, does it
JPMorgan expects the US midterms to reshuffle healthcare winners, with the outcome hinging on which party controls Congress. The bank’s strategists believe November’s vote should reward stock picking over broad sector bets – and healthcare appears in both of their scenario baskets: one for a split Congress, and the other for a Democratic sweep. Republicans
Nu Holdings stock has pulled back sharply in recent months, falling from a high of $18.95 in January to around $13.43 today. Despite the decline, the long-term growth story remains intact, supported by the company’s expanding customer base, strong presence in Brazil, and continued push into other Latin American markets such as Mexico and Colombia.