US stocks opened in green on Friday after oil prices displayed some sign of easing, and officials from the Trump administration signalled that the Strait of Hormuz blockade will not be a long-term problem. The Dow Jones Industrial Average climbed 301 points, or 0.7%, while the S&P 500 added 0.5%, with the Nasdaq Composite also
The S&P 500 Index remains under pressure this week, continuing a slow downtrend that started in January when it peaked at a record high of $7,000. It has retreated by over 4.8% and is now hovering at its lowest level since November last year. Technicals suggest that this index has more downside to go as
Rivian stock price is stuck in a technical bear market after falling from last December’s high of $22.7 to the current $15.20. It retreated after the company shared details of the upcoming R2 vehicle, with its short interest continuing to rise. So, will the stock rebound or continue the downward trend? Rivian announced details for
CoreWeave stock price remains in a technical bear market after falling from a record high of $186 in June last year to the current $81. This retreat may continue in the near term after forming the highly bearish head-and-shoulders pattern. CoreWeave stock price technical analysis The daily timeframe chart shows that the CRWV stock price
South Korea is preparing to strengthen oversight of cryptocurrency trading as authorities move closer to implementing a long-delayed tax on digital asset gains. The country’s tax authority plans to deploy artificial intelligence to analyse cryptocurrency transaction data, aiming to identify investment profits and detect possible tax evasion before the new tax regime takes effect. According
Adobe heads into its first-quarter earnings report later on Thursday with its stock down roughly 18% so far this year. Amid booming valuations in the AI space, Adobe’s stock below average performance has made the upcoming earnings a test of investor confidence. The company is scheduled to release results after the Wall Street closing bell,
US stocks declined Thursday as oil prices extended their rally amid escalating conflict involving Iran and growing concerns about disruptions to global energy supplies. The Dow Jones Industrial Average dropped 547 points, or 1.2%. The S&P 500 fell around 1%, while the Nasdaq Composite declined 0.9%. The market weakness came as crude oil continued to
BlackRock is widening its presence in digital asset markets with the launch of a new exchange traded product tied to Ethereum staking. The asset manager on Thursday introduced the iShares Staked Ethereum Trust ETF, listed on Nasdaq, giving investors exposure to spot Ether while also generating income through staking rewards. The product, called ETHB, adds
China’s government agencies and state-owned enterprises have begun warning staff against installing the artificial intelligence agent OpenClaw on office devices, citing potential security concerns. The guidance, as reported by Reuters, highlights caution inside the Chinese state sector over emerging autonomous AI tools. OpenClaw is an open-source system capable of independently performing complex digital tasks with
Nio stock price surged to its highest point since December last year, continuing an uptrend that started earlier this year when it formed a double-bottom pattern. It surged to $6.70 after the company published its strong financial results and its first quarterly profit. Nio published strong financial results Nio’s share price surged this week after