US stocks moved lower on Wednesday as investors grappled with renewed geopolitical tensions in the Middle East, continued weakness in semiconductor stocks, and concerns that inflation could keep the Federal Reserve on a cautious path. The Dow Jones Industrial Average was down by 334 points. The S&P 500 index fell about 0.57%, while the Nasdaq
Energy markets are showing signs of complacency in the face of a major supply shock caused by the ongoing closure of the Strait of Hormuz, according to ING Economics. Despite three months of restricted flows and little tangible progress in US-Iran negotiations, oil and gas prices have failed to fully price in the severity and
Travala, a crypto-native travel booking platform, has launched what it describes as the world’s first agentic AI travel protocol. The protocol enables autonomous AI agents to search, book, and pay for more than 2.2 million hotels, including properties from major chains such as Marriott Hotels, Hilton Hotels & Resorts, and IHG Hotels & Resorts, with
The US tech sector has had a torrid time of late. Ever since Broadcom issued some disappointing forward guidance, along with a solid, consensus-beating first-quarter result, tech stocks have been on the back foot. Then, just as investors were starting to ask if the US non-farm payroll release was still the most important monthly data
Plug Power stock has slumped sharply in the past few days, moving from a high of $4.33 on June 2nd to the current $2.91. It has slumped to its lowest point since April 20th, with the market capitalization falling from over $5.7 billion to $4 billion today. So, will this hydrogen giant rebound or fall
The regulatory framework for crypto assets in the United States is finally coming of age, with the GENIUS Act having established a regulatory framework for stablecoin operations. Meanwhile, the CLARITY Act, which aims to settle the debate over which digital assets fall under securities and which under commodities, is currently working its way through the
Cracker Barrel Old Country Store CBRL shares surged on Wednesday after the restaurant chain reported better-than-expected fiscal third-quarter results and raised its full-year outlook. The strong report prompted analysts to increase price targets and helped fuel a sharp short squeeze in the stock. The stock climbed as much as 30% during morning trading. The rally
Nvidia is expanding its presence in healthcare artificial intelligence through a new partnership with medical technology startup Abridge, as competition intensifies among technology companies seeking to apply AI tools across the healthcare industry. According to a report by The Wall Street Journal, Nvidia and Abridge are developing an AI model specifically designed for clinical conversations
Tesla stock (TSLA) moved lower in early trading on Wednesday as renewed tensions in the Middle East weighed on broader market sentiment and pushed oil prices higher. Shares of the electric-vehicle maker fell 1.5% to $390.91 in early trading. The stock plunged around 3% on Tuesday. The decline came as US equities weakened after President
Oil prices have continued to rise on Thursday as geopolitical tensions simmered with the latest US strikes against Iran. Gold and silver extended their losses as higher energy prices and expectations of elevated interest rates for longer dampened sentiments in the precious metals market. Gold prices had rebounded slightly earlier in the day, but failed