Economy

Economy
Economy

How Apple defied the tech stocks’ rout as AI spending fears hit rivals

Tech stocks have struggled in recent days amid fears of overspending on artificial intelligence and a sharp selloff in software and semiconductor names. Apple, however, has emerged as a rare outperformer, bucking the broader downturn and attracting renewed investor interest. Shares of Apple were up about 6% this week as of Thursday morning, making it

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Economy

Oil finds short-term support as oversupply eases, bearish risks linger

The oversupply in the oil market at the beginning of the year is likely to have been sharply lower than previously expected.  The International Energy Agency (IEA) has revised its outlook for the global oil market, specifically downgrading its prior expectations concerning the magnitude of the supply surplus.  This adjustment was not a recent development

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Economy

Bitget Fan Club sets a new standard for community in crypto

Bitget, the world’s largest Universal Exchange (UEX),  today announced the launch of the Bitget Fan Club, a new community initiative designed to bring users closer into the platform’s growth journey through structured participation, product collaboration, and content-driven engagement. The Bitget Fan Club invites users from around the world to become officially recognized contributors to the

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Economy

Goldman Sachs builds AI agents with Anthropic to automate core banking work

Goldman Sachs is deepening its push into generative AI by building autonomous agents with artificial intelligence startup Anthropic to automate some of the bank’s most process-heavy work, reported CNBC. The project focuses on back-office and compliance functions that sit at the heart of daily operations, as large banks look for ways to cut friction, speed

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Economy

UNI price eyes $4.0 as Bitwise files for a spot Uniswap ETF

UNI, the native coin of the Uniswap blockchain, is down 10% in the last 24 hours, mirroring the performance of Bitcoin. At press time, UNI is trading at $3.3 after dropping to the $2.8 low earlier today. The bearish performance comes despite Bitwise filing a spot Uniswap ETF application with the SEC. Bitwise files for

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Economy

S&P 500, Nasdaq futures stabilize as tech selloff eases; Amazon sinks

US stock index futures steadied on Friday after a bruising selloff in technology shares earlier in the week, offering tentative signs that the worst of the tech-led rout may be easing. Still, investor unease around artificial-intelligence spending remained firmly in focus, with Amazon sliding sharply in premarket trading after unveiling another major jump in capital

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Economy

Boeing stock price eyes a rebound as a new $80 billion tailwind emerges

Boeing stock price has pulled back in the past few weeks, moving from the year-to-date high of $254 to the current $236. Still, the company has some potential catalysts that may drive it higher in the coming weeks or months. India and potential Boeing orders  There are signs that Boeing’s business is expecting more orders

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Economy

EU charges TikTok over addictive design under Digital Services Act

EU regulators on Friday accused TikTok of breaching the bloc’s online content rules, putting the video-sharing app at risk of having to redesign its service in Europe or face a fine linked to its global revenue. The charges were laid out in preliminary findings by the European Commission after a year-long investigation under the Digital

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Economy

Affirm stock price falls as credit losses jump: is it a good buy today?

Affirm stock price continued its recent downward trend after the company published its financial results on Thursday. AFRM moved to a low of $56, down by 40% from its highest level in 2025. It has dropped to its lowest level since June 5 last year. Affirm stock drops after earnings  Affirm, a key player in

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Economy

Global oil markets jittery over Hormuz risks, analysts eye $70 Brent

Oil prices, specifically Brent crude, could rise to $70 per barrel if tensions between the US and Iran escalated amid the ongoing talks in Oman, according to experts.  Prices maintained a steady course on Friday, reflecting a cautious sentiment among global investors who were intently focused on developments emerging from crucial, high-stakes diplomatic talks.  US-Iran

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