The analyst believes the company’s robust fundamentals, combined with strong technical indicators like RSI and MACD, point towards a sustained bullish run
Autos and private banks saw some traction, while technology and PSU bank stocks remained under pressure. The retail sentiment on Stocktwits turned ’extremely bearish’.
Iranian cryptocurrency exchange, Nobitex, was hacked for nearly $90 million on Wednesday, with an Israel-linked group claiming responsibility for the cyberattack.
The U.S. markets will be closed on Thursday, June 19, in observance of Juneteenth National Independence Day, a federal holiday commemorating the end of slavery in the United States.
Meta is reportedly in talks to hire former GitHub CEO Nat Friedman and investor Daniel Gross, and may partially acquire their AI fund NFDG, as part of a broader push to strengthen its AI capabilities and compete for top talent.
As we expected, at the conclusion of today’s June 17-18 FOMC meeting, the Federal Reserve held its benchmark rate at 4.25-4.50%. Gold dipped below $3,400/oz, but is still beating out nearly all other asset classes this year.
Economist and market commentator Peter Schiff raised doubts about the potential of stablecoins to uphold the U.S. dollar’s dominance on Wednesday, stating that their primary use would be in cryptocurrency trading. What Happened: Schiff took to X, disputing the widely touted role of stablecoins in helping the U.S. economy.
Microsoft warns that the traditional 9-to-5 workday has dissolved into an infinite workday, with employees constantly checking email and joining impromptu meetings, potentially hindering productivity.
As tensions continue to flare in the Middle East, U.S. Stock futures inch lower on Wednesday evening, compounded by the Fed's decision to hold rates steady, while warning of lower economic growth and persistent inflation.
Leading cryptocurrencies moved sideways Wednesday as Federal Reserve Chair Jerome Powell signaled slower growth and hotter inflation after the central bank left interest rates unchanged.
Apple's top hardware executive Johny Srouji said the company plans to use generative AI to accelerate custom chip design, calling it a major productivity boost and highlighting Apple's bold, no-backup transition to Apple Silicon.
Bitcoin is currently up nearly 100% versus its 52-week low, but the hedge fund manager continues to see significant further upside in the world’s largest cryptocurrency by market cap.
