US crude oil storage demand surges as traders brace for OPEC+ price war
U.S. crude oil storage demand has surged in recent weeks to levels similar to the COVID-19 pandemic, according to data…
Nvidia, Tesla lead over $250 billion in short-seller losses during massive market rally
The market’s rapid bounce back to near-record highs over the past month has not been kind to investors betting against…
Crypto stocks rally as Bitcoin hits new record high
Crypto stocks immediately rallied, following Bitcoin hitting a new all-time high (ATH) on May 21. MicroStrategy (MSTR), rebranded to Strategy,…
Dollar Hits One-Month Low as G-7 Stirs Fresh FX Policy Watch
A gauge of the dollar touched its lowest mark in a month as traders awaited a Group-of-Seven meeting this week…
China’s Xiaomi founder expects new electric SUV to hit market in July
-Xiaomi’s new electric SUV, the YU7, is expected to enter the market in July, founder and CEO Lei Jun said…
Bitcoin Rally Takes Largest Token Past $111,000 for First Time
Bitcoin surpassed $111,000 for the first time, with traders increasingly bullish on the prospects of the original cryptocurrency amid mounting…
Oil Drops as OPEC+ Raises Specter of Yet Another Big Output Hike
Oil declined as OPEC+ members discussed the possibility of another super-sized production increase, raising the prospects of additional output just…
Shopify launches AI tool that builds complete online stores from keywords
Shopify on Wednesday rolled out a generative artificial intelligence feature that would allow merchants on its e-commerce platform to set…
Wolfspeed Stock Plummets 70% on Report Firm Preparing to File for Bankruptcy
Wolfspeed reportedly is considering filing for bankruptcy within weeks as it struggles with mounting debt. The Wall Street Journal noted…
Bitcoin rises to new record high, eclipses January top
The price of Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January, as…