Movement Labs’s MOVE token tumbles 73% as Coinbase delisting follows $38M sell-off
Coinbase’s decision to delist the MOVE token on May 15 has intensified concerns around Movement Labs, the company behind the token. The delisting follows a wave of controversy stemming from a $38 million USDT sell-off linked to a terminated market
Dow jumps 384 points as jobs data lifts Wall Street; S&P 500 eyes longest winning streak since 2004
US stocks surged on Friday after a stronger-than-expected April jobs report eased recession concerns and bolstered confidence in the economy. The Dow Jones Industrial Average gained 384 points, or 0.9%, while the S&P 500 climbed 0.9%, extending its rally and
Reddit is attracting ad dollars: will RDDT shares rally further in 2025?
Reddit Inc. (NASDAQ: RDDT) is strongly positioned to extend its gains further over the next few weeks, according to JPMorgan senior analyst Doug Anmuth.Reddit shares have already rallied some 40% since early April, but an upbeat quarterly release the forum
Bezos to sell up to $4.75B in Amazon stock: here’s what investors need to know
Jeff Bezos, the founder and former chief executive of Amazon, has disclosed plans to sell up to $4.75 billion worth of shares in the e-commerce giant over the next 12 months, according to regulatory filings released Friday.The planned sale of
GBP/USD forecast: forms a giant cup and handle pattern
The GBP/USD exchange rate has formed a giant cup-and-handle pattern that could trigger more gains ahead of the upcoming Bank of England (BoE) and US nonfarm payrolls (NFP) data. It was trading at 1.3300, a few points below the year-to-date
JEPI vs JEPQ: Which is a better covered call ETF to buy?
The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and the JPMorgan Equity Premium Income ETF (JEPI) have accumulated assets because of their high dividends. JEPI has over $38.9 billion in assets, while JEPQ’s assets have soared to over $24 billion.
S&P 500 Index: Time to sell the SPY ETF in May and go away?
The S&P 500 index and its ETFs like SPY and VOO have bounced back in the past few weeks as investors buy the dip and bet that the worst is now behind us. After crashing to a low of $480
Nvidia says Anthropic is telling ‘tall tale’ in its defense of U.S. AI chip restrictions on China
Nvidia blasted Anthropic Thursday in a rare public clash over artificial intelligence policy with U.S. chip export restrictions set to take effect. “American firms should focus on innovation and rise to the challenge, rather than tell tall tales that large, heavy, and sensitive electronics are somehow smuggled in
Data center boom in world’s largest market isn’t slowing down, Dominion Energy says
Data center demand is not slowing down in the world’s largest market centered in northern Virginia, executives at Dominion Energy said Thursday. Dominion provides electricity in Loudoun County, nicknamed “Data Center Alley” because it hosts the largest cluster of data centers in the world.
Tesla denies report it’s looking to replace Elon Musk
Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street Journal report that its board was searching for a replacement for chief executive Elon Musk. The report, citing comments from sources familiar with the discussions, said that
Top 3 reasons to sell Roblox stock on post-earnings strength
Roblox Corp (NYSE: RBLX) says continued demand for the user-generated video games on its online platform helped it top estimates in its first financial quarter.Plus, the company raised its guidance for annual bookings this morning, indicating users are choosing to
US stocks rally as Meta and Microsoft earnings revive AI optimism despite economic jitters
Wall Street bounced back on Thursday, powered by robust earnings from tech giants Meta and Microsoft that helped reignite investor confidence in the artificial intelligence (AI) boom, even as fresh economic data signaled persistent headwinds. The upbeat quarterly results provided
Top FTSE 100 shares to watch: IAG, IHG, Flutter Entertainment
The FTSE 100 Index continued its strong rally this week, reaching its highest level since April 3. It has jumped in the last 14 consecutive days, its longest streak in years. After falling to a low of £7,547 in April,
Top DAX Index shares to watch: Commerzbank, BMW, Zalando, Rheinmetall
The DAX Index has bounced back over the past few weeks as investors bought the dip following the easing of trade tensions. It bottomed at €18,500 on April 7 after Donald Trump delivered his Liberation Day tariff speech. It has
China signals openness to US trade talks as Hang Seng rises, but deal remains uncertain
China said on Friday that it is assessing recent overtures from the United States to initiate trade negotiations, raising hopes of a potential thaw in the ongoing trade war between the world’s two largest economies. However, Beijing warned that any
Solana price prediction May 2025: set for a 46% surge?
Solana price has done well in the past few weeks as investors buy the dip, and the market capitalization of all coins continue rising. The SOL token has jumped to $150, up by over 60% from its lowest level this
EUR/USD forecast: forms H&S pattern ahead of US NFP data
The EUR/USD pair pulled back this week as the recent rally lost momentum. The pair initially soared to a high of $1.1576 on April 21 and has now retreated to the important psychological point at 1.1300. This article explains what
Top FTSE 100 shares to watch: IAG, IHG, Flutter Entertainment
The FTSE 100 Index continued its strong rally this week, reaching its highest level since April 3. It has jumped in the last 14 consecutive days, its longest streak in years. After falling to a low of £7,547 in April,