Travel and leisure stocks bore the brunt of investor anxiety on Friday after Israel launched airstrikes on Iranian targets, stoking fears of an escalating conflict in the Middle East. The strikes, aimed at crippling Iran’s nuclear infrastructure, rattled global markets and sent oil prices surging, sparking a classic flight to…
Archer Aviation Inc. (NYSE: ACHR) tanked nearly 15% on Friday after raising some $850 million through a registered direct offering.According to the electric vertical takeoff and landing (eVTOL) company, the said offering involved about 85 million of its shares, each of which was sold at a unit price of $10.The…
Air India’s long-awaited turnaround, spearheaded by the Tata Group, has encountered a serious setback after the fatal crash of AI171 on Thursday that killed all but one of the 242 passengers and crew on board.The accident, which has drawn global attention and prompted a regulatory investigation, threatens to derail the…
US stocks have recovered significantly over the past two months from the initial plunge catalyzed by the Trump administration’s tariff policy. S&P 500 currently sits some 20% above its April low.However, following the recent rally, the benchmark index looks “statistically expensive relative to its own history on all 20 of…
US markets closed in the red on Friday, also ending the week down, as it snapped a 2-week winning streak. Israel is launching airstrikes on Iran, which has pushed the energy prices up, dragging the market down.The S&P 500 index fell 1.13% to 5,976.97. The Nasdaq dropped 1.30% to 19,406.83.…
Archer Aviation Inc. (NYSE: ACHR) tanked nearly 15% on Friday after raising some $850 million through a registered direct offering.According to the electric vertical takeoff and landing (eVTOL) company, the said offering involved about 85 million of its shares, each of which was sold at a unit price of $10.The…
There is a considerable amount of uncertainty in the base metals market surrounding the implication of the trade deal between the US and China. Base metal prices reacted unevenly to the US-China tariff agreement. Aluminium prices initially increased, while nickel and copper prices declined.At the time of writing, the three-month copper…
Air India’s long-awaited turnaround, spearheaded by the Tata Group, has encountered a serious setback after the fatal crash of AI171 on Thursday that killed all but one of the 242 passengers and crew on board.The accident, which has drawn global attention and prompted a regulatory investigation, threatens to derail the…
US stocks have recovered significantly over the past two months from the initial plunge catalyzed by the Trump administration’s tariff policy. S&P 500 currently sits some 20% above its April low.However, following the recent rally, the benchmark index looks “statistically expensive relative to its own history on all 20 of…
Circle stock price has done well after its highly anticipated initial public offering (IPO) earlier this month. CRCL stock ended the week at $133.50, a few points below the year-to-date high of $138.27. This surge has brought its market capitalization to almost $30 billion.Circle benefiting from stablecoin demandCircle Internet Group…