The iShares Silver Trust (SLV) is facing heavy selling pressure on Friday primarily because of the leadership transition at the US Federal Reserve.Today marks the official end of Jerome Powell’s term as Fed Chair. The transition to Kevin Warsh, President Trump’s nominee, has triggered a “sell the news” sentiment for…
Shares of cryptocurrency-linked companies fell Friday as investors pulled back from the sector after an initial rally sparked by progress on US digital asset legislation faded amid renewed concerns about crypto prices and broader macroeconomic risks.Shares of Coinbase Global (COIN) dropped 7.6% after climbing more than 5% in the previous…
Shares of Micron Technology (MU) fell sharply on Friday as renewed uncertainty surrounding Nvidia’s AI chip sales to China triggered a broader semiconductor selloff and prompted investors to lock in profits following Micron’s massive recent rally.Micron shares dropped roughly 7.3% during the session after climbing to a fresh all-time high…
Elon Musk’s rocket and satellite maker SpaceX is preparing for one of the most closely watched stock market debuts in recent years, with the company targeting an initial public offering as early as June 12, according to people familiar with the matter cited by Reuters.The company plans to price its…
Shares of Salesforce (CRM) moved higher Friday as investors reacted positively to the company’s expanding artificial intelligence strategy, stronger financial performance, and a newly announced US Air Force contract that reinforced optimism around enterprise AI demand.Salesforce shares gained roughly 4.1% during the session, outperforming the broader market. The S&P 500…
US stocks fell sharply on Friday as rising Treasury yields, surging oil prices, and fading enthusiasm surrounding artificial intelligence stocks pressured markets following weeks of record-setting gains.The Dow Jones Industrial Average dropped roughly 537 points, or about 1.1%, while the S&P 500 lost approximately 1.2%. The Nasdaq Composite declined about…
Adani Enterprises’ stock price continued its surge on Friday as investors cheered the new agreement between the company and US authorities. It jumped to INR 2,712, its highest point since November 2024, and 60% above its lowest point this year. Other Adani stocks also surged, with the port business soaring to…
The initial phase of the AI boom heavily concentrated capital within a narrow hardware monopoly, primarily rewarding Nvidia as its graphics processing units captured a 90% market share in model training.However, institutional focus is now rapidly pivoting toward the structural deployment of inference and agentic AI. This second phase presents…
Adani Enterprises’ stock price continued its surge on Friday as investors cheered the new agreement between the company and US authorities. It jumped to INR 2,712, its highest point since November 2024, and 60% above its lowest point this year. Other Adani stocks also surged, with the port business soaring to…
Anthropic has agreed terms on a roughly $30 billion fundraising round that would value the artificial intelligence company at about $900 billion before the new money is added, according to an exclusive Financial Times report.If completed at that level, the deal would put Anthropic ahead of OpenAI, which was most…