Business

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Business

Silver bounce from $56.60 fails to shake off Fed’s higher-rate threat

Silver’s bounce on Tuesday looked more like a pause in the selloff than the start of a convincing turn. The metal found buyers near $56.60 in Asia, but the broader mood stayed cautious as traders leaned into the idea that the Federal Reserve’s next move may still be a rate increase. For a market that

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Ethereum’s $1,600 breakout fades despite Bitmine and SharpLink buying spree

Ethereum briefly climbed above $1,600 after corporate treasury firms expanded their Ether holdings, but the rally quickly lost momentum as sellers pushed the token back below the key psychological mark. According to company announcements, institutional buying gathered pace after Bitmine Immersion Technologies disclosed that it had increased its Ethereum treasury to 5.70 million ETH, equivalent

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Business

UK economy grows 0.6% in Q1 as services sector drives expansion

Britain’s economy grew by 0.6% during the January-to-March quarter of 2026, in line with expectations, according to figures released by the Office for National Statistics (ONS). The latest estimates showed that growth was supported by gains across all major sectors of the economy, with services making the largest contribution. The ONS estimated that UK real

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Aluminium suffers steepest monthly drop since 2008

Aluminum is set for its steepest monthly loss since 2008, plunging more than 15% in June as optimism over Middle Eastern supply returning to the market unwinds the rally triggered by war‑related disruptions earlier this year.  The correction reflects both easing supply fears and broader macroeconomic headwinds, including a stronger US dollar and hawkish Federal

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Global currencies under pressure as dollar strengthens and yen weakens

The Japanese Yen weakened to its lowest level against the US Dollar in nearly four decades on the final trading day of the second quarter, as investors turned their attention to a series of major economic releases and ongoing geopolitical developments. The USD/JPY pair was around 162.00 mark during Asian trading, reaching its highest level

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Business

Is the VELVET price rally over after its 300% surge?

VELVET price has remained near record highs after surging more than 300% in three days, although technical indicators and on-chain data suggest the rally is entering a more uncertain phase. According to CoinGecko data, VELVET climbed from around $0.39 on June 26 to an all-time high above $2 on June 29 before easing to about

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Business

Morgan Stanley trims oil forecasts as Hormuz flows rebound

Morgan Stanley has cut its oil price forecasts for the second half of 2026, citing a faster‑than‑expected return of flows through the Strait of Hormuz.  Bloomberg reported that the bank sees Brent crude averaging lower than previously projected as supply disruptions ease. At the time of writing, the Brent crude contract on the Intercontinental Exchange

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Solana rebounds to $74 as RWA boom and ETF inflows test $82 resistance

Solana (SOL) is showing renewed strength after recovering to around $74, supported by improving on-chain activity, rising institutional interest, and continued demand across its memecoin ecosystem. At press time, SOL traded at $74.01, posting a 2.3% gain over the past 24 hours and extending its weekly gain to 4.3%. Although SOL remains well below its

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Business

BP, Shell, Chevron shares on edge as Morgan Stanley slashes oil forecast

Global energy stocks have pulled back in the past few days as crude oil and natural gas prices slumped, and this trend may continue after Morgan Stanley warned of a global glut. Shell share price plunged to 2,900p on Monday, its lowest level since February, and 20% from the year-to-date high. BP stock fell to

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Business

This $17 AI infrastructure stock is beating Nvidia in 2026: should you buy?

Nvidia, AMD, and Micron still dominate the AI stock conversation, but one much smaller semiconductor name has quietly stolen the performance spotlight in 2026. Navitas Semiconductor (NASDAQ: NVTS), which trades under the ticker NVTS, recently changed hands near $17 and carried a market value of about $4.3 billion. That makes it tiny compared with the

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