The dollar has lost 10.48% of its value against other currencies on the DXY index, year to date. Currencies usually move against each other in fractions of a percent, so that’s a relatively massive collapse in value. The dollar was down 0.55% this morning, at the time of writing. And—you guessed it—the person responsible is…
People check out an electric SUV Xiaomi YU7 at a Xiaomi Store in Hangzhou in east China’s Zhejiang province Thursday, June 26, 2025. Feature China | Future Publishing | Getty Images BEIJING — Chinese smartphone company Xiaomi is taking aim straight at rival Tesla with a new electric SUV. Xiaomi’s luxury YU7 SUV will start…
My top 10 things to watch Thursday, June 26 1. Wall Street was heading for a higher open after the S & P 500 dipped slightly yesterday but remained less than 1% off its February record close of 6,144. The Nasdaq rose yesterday and was just over 1% off its December record close of 20,173….
Traders work on the floor at the New York Stock Exchange on June 23, 2025. Brendan McDermid | Reuters An aggressive trade war, Middle East escalation and AI competitions overseas — None of 2025’s big curveballs managed to spoil the market’s epic comeback from the year’s lows as stocks stand within reach of a new…
Gold prices set to fall over 20% in late 2025 and 2026, says Citi Gold prices are set to decline over 20% in late 2025 and 2026 on the back of higher growth prospects in the U.S., said Citi. “We see investment demand for gold abating in late 2025 and 2026, as ultimately, we see…
A semiconductor wafer is on display at Touch Taiwan, an annual display exhibition in Taipei, Taiwan, on April 16, 2025. Ann Wang | Reuters Chip stocks in Asia rose Thursday, after artificial intelligence darling Nvidia’s shares hit a record close to reclaim the title of the world’s most valuable company. Shares of South Korea’s SK Hynix,…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 23, 2025. Brendan McDermid | Reuters Have we gone back in time? It certainly seems on the markets front. Just look at the S&P 500 and you will think that it’s back in February — before U.S….
Despite little change in the U.S. stocks on Wednesday, investors watched the markets closely. The S&P 500 closed the day just 51 points off from its all-time high closing price of 6,144 on February 19. The Dow Jones closed the day down about 106 points, but still higher than its mid-afternoon lows on Monday. Meanwhile,…
CHICAGO — BlackRock’s Rick Rieder is confident a stock market nearing all-time highs can go even higher in the second half of 2025, as inflation comes down because of artificial intelligence. “I think it’s the greatest technology revolution ever. So, what does it mean? My personal view, inflation is coming way down,” Rieder said Wednesday…
Jim Cramer on CNBC called defense technology company AeroVironment the next “Palantir of hardware” on Wednesday morning, and the stock went on to soar even higher after his commentary. Shares of AeroVironment, which makes unmanned aircraft systems, were already up 6% in the premarket after the company reported strong earnings after Tuesday’s close. By the…