Category: Latest News

Stocks showed little movement following the Federal Reserve’s decision to maintain interest rates at current levels, although Chair Jerome Powell warned that rate cuts could still be possible later this year. Investors paid close attention to Powell’s comments highlighting that the effects of increased U.S. tariffs have yet to fully impact the economy. Meanwhile, escalating…

The U.S. dollar edged upward on Thursday, supported by safe-haven buying amid escalating tensions in the Middle East, shortly after the Federal Reserve’s recent policy meeting. At 04:25 ET (08:25 GMT), the Dollar Index—which tracks the greenback against six major currencies—increased by 0.1% to 98.585. This positions the dollar for a weekly gain of around…

Bitcoin (COIN:BTCUSD) saw minimal price movement on Thursday, trading within a tight range as investor nerves persisted over the potential for U.S. involvement in the escalating Israel-Iran conflict. The cautious market mood was further dampened by comments from the Federal Reserve, which opted to keep interest rates unchanged and signaled no immediate plans for cuts.…

A group of Democratic legislators in Texas is urging Tesla (NASDAQ:TSLA) to delay the introduction of its robotaxi service in Austin, requesting that the company wait until new autonomous vehicle regulations are in place this September. In a letter sent on Wednesday, the lawmakers asked Tesla to postpone the unveiling—initially set for this Sunday by…

Gold prices are seeing fresh buying interest near the weekly low of $3,363 early Thursday, as geopolitical tensions in the Middle East overshadow the US Federal Reserve’s hawkish monetary policy stance. Rebound in Focus: Is It Sustainable? Investor risk appetite took a hit during Asian trading hours after multiple reports suggested that the US is…

Asian stock markets dropped sharply on Thursday, with Japan and Hong Kong leading the losses, as rising geopolitical tensions unsettled investors. The decline followed a media report suggesting the U.S. was preparing for a potential military strike on Iran. U.S. stock futures also fell during Asian trading hours, reflecting widespread investor caution over the escalating…

Elon Musk is facing mounting challenges after stepping away from his role as an advisor to Donald Trump in order to refocus on his struggling electric vehicle company, Tesla. This shift comes at a critical time, as investor confidence—key to Musk’s status as the world’s richest person—may be slipping. In a column for The Atlantic,…

Gogo Inc. (NASDAQ:GOGO) saw its stock rise by 8% in early trading Wednesday after announcing a pivotal advancement in its 5G network rollout: the successful completion of its first end-to-end call using next-generation 5G technology. The test call, conducted on June 16, confirmed the full functionality of Gogo’s new 5G chip developed by GCT Semiconductor…