Pump.fun (PUMP) has lost 4% of its value on Tuesday as the broader cryptocurrency market has underperformed since the start of the week. The launchpad token remains at risk of further downward movement as 10 billion PUMP will unlock on Tuesday. Furthermore, retail interest has been declining, another factor that contributes to PUMP’s bearish trend.
Brazil is reviewing a trade deal announced between the United States and Argentina last week, citing suspicions that the agreement would violate South American trade bloc Mercosur’s rules, three sources familiar with the matter told Reuters. Brazilian diplomats are reviewing the document released by Washington on Friday to determine the scope of the deal. The deal
US stocks moved higher on Tuesday, with the Dow Jones Industrial Average setting another all-time high, as investors digested weaker-than-expected retail sales data and looked ahead to key labor market and inflation reports later in the week. The Dow Jones Industrial Average rose 239 points, or about 0.5%, extending its recent run of record highs.
Spotify Technology (NYSE: SPOT) is pushing meaningfully higher in premarket on Tuesday after the audio streaming giant posted a blockbuster Q4 and issued surprisingly positive outlook for the current quarter. While the massive headline beat and user growth sure are contributing to it, investors are cheering SPOT primarily for the big boost to efficiency. For
The operator of outdoor apparel brand Eddie Bauer filed for Chapter 11 bankruptcy protection on Monday, becoming another mid-market retailer to fall prey to the adverse impact of shifting consumer demand, rising costs and persistent uncertainty over trade policy. In court filings in the District of New Jersey, the company said it was exploring a
Booking Holdings stock price has been in a strong freefall in the past three consecutive weeks as concerns about the travel industry remains. BKNG dropped to a low it $4,237 on Monday, reaching its lowest level since April last year. It has crashed by 27% from its all-time high. Why Booking Holdings stock has crashed
XRP, the native coin of the Ripple blockchain, is looking to establish a strong support around the $1.40 level after dropping to $1.1 during last week’s market flush. Currently, XRP has been consolidating above $1.4 over the past few days after its recovery attempt stalled at $1.54 on Friday. Retail interest in XPR has stabilised
Nvidia stock edged lower early to slip below $190, as investors weighed signs of continued strength in the artificial intelligence market against persistent policy, cost and competitive risks that have kept the stock confined to a narrow trading range. Nvidia shares were down about 0.5% at $189.06 in early trading. The stock rose 2.5% on
Paramount Skydance (NASDAQ: PSKY) is in focus this morning after the company sweetened its deal “further” for Warner Bros. Discovery (NASDAQ: WBD) to woo its shareholders and bypass a resistant board. While the headline price remains a firm $30 per share in cash, the new terms include a $2.8 billion payout to cover its breakup
Gold and silver prices were in the red on Tuesday as investors remained on the edge before the release of a string of key US economic data. Over the past week, precious metals have experienced significant volatility, as prices retreated from all-time highs due to a combination of profit-taking and excessively bullish positioning. Meanwhile, oil