Pi Network’s PI token is trading around $0.1300 on Thursday, down by 1% in the last 24 hours as the broader cryptocurrency market struggled to sustain a recovery. The token remains under pressure as recurring spikes in long liquidations and cautious investor sentiment weigh on the market. Technically, PI risks invalidating a recent bullish breakout
Shares of consulting and technology services giant Accenture plunged 14% in premarket trading on Thursday after the company lowered the top end of its annual revenue growth forecast, underscoring concerns that businesses remain cautious about spending on discretionary technology projects. The company now expects annual revenue growth of 3% to 4%, compared with its earlier
The number of Americans filing new applications for unemployment benefits fell last week, indicating that layoffs remain low and that the US labour market continues to show resilience despite broader economic uncertainties. Initial claims for state unemployment benefits dropped by 4,000 to a seasonally adjusted 226,000 for the week ended June 13, the Labor Department
US stocks opened higher on Thursday as investors looked to recover from the previous session’s selloff, with optimism surrounding a temporary US-Iran peace agreement helping offset concerns about a more hawkish Federal Reserve under new Chair Kevin Warsh. The Dow Jones Industrial Average rose about 349 points, or 0.68%, while the S&P 500 gained 1.03%.
SpaceX stock (SPCX) fell sharply on Thursday, extending a pullback that has emerged after the stock’s explosive rally following its record-breaking initial public offering last week. Shares of Elon Musk’s space and artificial intelligence company dropped 5% in early trading as investors took profits after a rapid ascent that briefly made SpaceX one of the
BitMine stock price has crashed this year as Tom Lee’s Ethereum bet backfires. BMNR dropped to $15.70 on Wednesday, down substantially from last year’s high of $160. This retreat may continue as Cathie Wood pares back her holdings and as the Ethereum price remains under pressure. BitMine stock has slipped amid soaring unrealized losses Tom
Shares of Marvell Technology climbed on Thursday after the semiconductor company received a major price target increase from KeyBanc Capital Markets and announced a milestone shipment of photonic chips used in artificial intelligence data centers. MRVL shares rose 8% in trading after KeyBanc raised its price target on the stock by 48% to $385 from
Rocket Lab stock price has pulled back from its all-time high as the recent rally takes a breather. RKLB dropped to $104 on Tuesday, down by 31% from its highest point this year. This pullback has led to a $27 billion wipeout as its market cap has fallen from $87 billion to $60 billion today.
SoFi stock is going through a rough patch that has seen its valuation drop from nearly $40 billion in November last year to $22.7 billion today. It has slipped by 32% this year, while popular US indices like the Nasdaq 100 and S&P 500 have jumped by double digits. SoFi Technologies’ retreat could either create
Circle Internet Group stock price has pulled back in the past few days, moving from a high of $138.5 in May to the current $79.72. This CRCL pullback may continue in the near future as it faces a triple-whammy of weak technicals, falling USDC supply, and US government yields. Circle stock price has formed a