IREN stock is crashing this morning, and the sell-off is being attributed primarily to Meta Platforms’ reported plans to launch a commercial cloud infrastructure business. But a deeper dive reveals …
admin
-
-
Business
ADP report: Private employers added 98,000 jobs in June, less than expected
by adminby adminPrivate-sector hiring slowed more than expected in June as employers added fewer workers ahead of the closely watched monthly government jobs report, while healthcare-related industries continued to account for the …
-
Investing
USD/ZAR: South African rand outlook as SARB governor hints at rate hikes
by adminby adminThe USD/ZAR pair was little changed on July 1 as traders reacted to hawkish remarks by South African Reserve Bank (SARB) Governor Lesetja Kganyago, who spoke at the European Central …
-
Investors are bailing on CoreWeave (CRWV) shares on July 1 following news that Meta Platforms (META) is building an internal cloud infrastructure business dubbed “Meta Compute”. The sell-off stems mostly …
-
US job openings held steady in May at a higher-than-expected level, reinforcing signs that the labor market remains resilient despite lingering uncertainty over economic growth and hiring. The number of …
-
Palo Alto Network stock has gone parabolic this year, helped by the belief that the ongoing AI boom will lead to more demand for cybersecurity tools. PANW jumped to a …
-
SpaceX (SPCX) shares are pushing higher as investors aggressively position their portfolios ahead of the aerospace titan’s highly anticipated inclusion into the Nasdaq-100 index on Jul. 7. The upcoming milestone …
-
Business
Eurozone credit growth continues to strengthen as corporate lending accelerates
by adminby adminBank lending to eurozone companies expanded at its fastest pace in three years during May, according to data released by the European Central Bank (ECB) on Monday. The figures indicate …
-
Investing
SCHD ETF: Why this ‘anti-AI’ fund is beating the S&P 500 and Nasdaq 100 indices
by adminby adminThe Schwab US Dividend Equity ETF (SCHD) has performed well this year despite trading within a tight range over the past few weeks. Its total return has risen 19% year-to-date, …
-
Micron Technology (MU) shares fell on Monday after South Korea unveiled plans for a massive new semiconductor investment program. Shares of Micron were down about 1% at $1,117.19 after declining …