In the tech space this week, two financial institutions applied to offer exchange-traded funds (ETFs) tied to the spot price of Solana, challenging a former ruling by the US Securities and Exchange Committee (SEC). Meanwhile, Amazon (NASDAQ:AMZN) pushed back the expected launch date of its satellite internet service, and Micron’s…
The S&P/TSX Venture Composite Index (INDEXTSI:JX) lost 0.89 points last week to close at 569.82. The US Bureau of Economic Analysis released its latest personal consumption expenditures (PCE) data this past Friday (June 28) in its Personal Income and Outlays report. The PCE minus food and energy is the favored…
Shares of Nike plunged Friday after the retailer cut its full-year guidance and said it expects sales to drop 10% during its current quarter as it warned of soft sales in China and “uneven” consumer trends across the globe. The expected 10% first-quarter slump is far below the 3.2% drop that analysts…
BROWNSVILLE, Texas — The United States is producing less than 1% of the wind power it wants to generate by 2030. But an enormous boat promising to change that is about 89% built, and when it’s done next year, the real race to catch up begins. The ship, named the…
Disney and Pixar’s “Inside Out 2” is the newest member of the billion-dollar club. The animated feature has tallied $1.014 billion worldwide as of Sunday, making it the highest-grossing film of 2024 and the first film since Warner Bros.′ “Barbie” to top $1 billion at the global box office. “On behalf of movie theatre owners…
The first presidential debate of the 2024 campaign cycle drew about 51.3 million people, according to the media analytics company Nielsen, a sharp drop from previous debates and the smallest audience since a 2004 debate between John Kerry and President George W. Bush. Nielsen’s audience estimate came in slightly above…
After consolidating in the week before this one, the markets resumed their upmove and have ended the present week on a strong note. The markets also navigated weekly derivatives expiry; it did show some signs of fatigue and impending consolidation on the last trading day after rising for four trading sessions…
The recovery in semiconductor shares ($DJUSSC) last week, in my opinion, was quite weak. Much of the strength occurred by 10am ET, and the balance of the days really didn’t see much progress back to the upside. Accordingly, I’d call the rebound more market maker manipulation than anything else. I…
Iran’s presidential election is expected to head to a second round after none of the candidates managed to secure more than 50% in Friday’s vote, according to the spokesperson of the election committee, Mohsen Eslami. A runoff vote is expected to take place on July 5 between the candidates with…
Diego Cardeñosa has loved sharks ever since he was a child. The Colombia native was never afraid of them when he visited his beloved beach. Instead, he was fascinated with how sharks move through water using their multiple fins. It’s no surprise he became a marine biologist. “As soon as I…