Economy

Economy
Economy

FTSE slides over 1% as Trump remarks revive Middle East tensions

London’s major stock indexes fell more than 1% on Wednesday after US President Donald Trump said an initial agreement to end the war on Iran was over, reviving investor concerns about escalating tensions in the Middle East and the possibility of higher oil prices. The benchmark FTSE 100 dropped 1.3% to 10,519.17 points by 1111

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Economy

Nvidia stock hits key support, forms bullish pattern as key valuation metric dips

Nvidia stock remains under pressure this week as the recent sell-off continues. It dropped to $189, down by 18% from its highest point this year, with its valuation falling by nearly $1 trillion. Still, the stock has formed a highly bullish pattern and has landed at a core support, suggesting a rebound is possible. Nvidia

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Economy

Berachain retires BGT era, eyes up to 3× APR with PoL Next upgrade

Berachain has launched one of the biggest changes to its network since its mainnet debut, replacing its original Proof-of-Liquidity (PoL) framework with a redesigned system known as PoL Next. The upgrade marks the beginning of the end for the BGT era as the network shifts toward a simpler, single-token economic model centred on BERA. The

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Economy

Nio stock crashes on weak outlook despite EV delivery surge: now what?

Nio stock price dropped below a crucial support level as demand for Chinese electric vehicle shares fell. It dropped to a multi-month low of $4.88 in New York, down by 40% from its highest point this year despite its strong delivery numbers. Nio’s vehicle deliveries are soaring Nio has emerged as one of the fastest-growing

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Economy

Founders Fund-backed N1 to acquire 01 Exchange ahead of N1 2.0 launch

Founders Fund-backed Layer 1 blockchain N1 has agreed to acquire decentralized derivatives platform 01 Exchange, bringing one of the largest applications built on its network under direct ownership as it prepares for the rollout of its next-generation blockchain infrastructure. The transaction is expected to close within the next six months and will be structured entirely

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Economy

Nexo Argentina launches Nexo Card, appoints Andres Ondarra as GM

Nexo, a digital assets wealth platform, has launched the Nexo Card in Argentina alongside the appointment of Andres Ondarra as General Manager for Nexo Argentina. The company said the two developments mark the next phase of its expansion in a market with high levels of digital asset adoption. The Nexo Card allows users to spend

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Economy

From startups to Big Tech, Nvidia’s rivals are multiplying: can it be dethroned?

The race to challenge Nvidia’s dominance in artificial intelligence chips is entering a new chapter, with startups attracting billions of dollars in funding, Big Tech accelerating in-house chip development, and investors betting that the next phase of AI computing may not belong exclusively to graphics processing units. While Nvidia continues to dominate the market for

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Economy

Trump wants to cut trade with Spain: the reasons go beyond NATO’s defence spending

US President Donald Trump has reignited his long-running dispute with Spain by threatening to cut off trade with the country over its refusal to back NATO’s new defence spending target. He also broadened his criticism of European allies over their stance on the recent conflict with Iran. Speaking to reporters ahead of a meeting with

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Economy

Oil prices rally after Trump signals ceasefire with Iran has collapsed

Oil prices surged on Wednesday after US President Donald Trump said the ceasefire between the United States and Iran was over, reigniting concerns over supply disruptions in the Middle East and prompting a broad rally in crude markets. West Texas Intermediate (WTI) futures rose 5.69% to $74.45 per barrel, while Brent crude climbed 5.85% to

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Economy

Dow falls 500 points as Trump’s Iran remarks send oil prices higher

US stocks opened lower on Wednesday after President Donald Trump said an interim agreement aimed at ending the conflict with Iran was “over,” triggering a broad risk-off move across global markets as oil prices surged and investors reassessed geopolitical risks. The Dow Jones Industrial Average fell about 509 points, or 0.96%, while the S&P 500

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