Oil on track for weekly loss amid potential output hike and US-Iran nuclear talks
Oil prices fell on Friday morning, putting them on track for a weekly loss, as investors eyed the prospect of…
Wall Street stocks end mostly flat in choppy trade as Treasury yields ease
U.S. stocks closed a choppy session little changed on Thursday, erasing initial declines as Treasury yields eased off recent highs…
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…
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…
Gold prices fall as easing trade concerns dampen appeal
Gold prices fell in early European trading on Friday, as investor concerns over tariffs continued to ease, denting the precious…