The Federal Reserve kept interest rates unchanged at 3.5%-3.75%, a widely expected move that caused minimal reaction in Bitcoin and major cryptocurrencies, which saw only slight gains. Gold and silver ETFs rose as investors sought safe-haven assets amid inflation concerns and geopolitical tensions. Crypto-linked stocks showed mixed results, with some miners falling sharply. Attention now shifts to the CLARITY Act, a key U.S. crypto policy proposal with a 28% chance of passing, which could significantly impact the industry. Upcoming inflation and employment data will also influence future Fed decisions and crypto market direction.
Goldman Sachs upgraded Shell to a Buy rating due to the company's active asset management, including a potential $3.5 billion sale of stakes in the Explorer pipeline, and a major offshore oil discovery in Egypt at the Velox-1X well. Additionally, She...
A major insider of The Hershey Company, HERSHEY TRUST CO, sold 3,100 shares at $183.71, signaling possible profit-taking or portfolio adjustment. Institutional investors showed mixed sentiment with some reducing stakes, like Cetera Investment Adviser...
Keppel Ltd. is set to release its Q2 earnings with expected EPS of $0.33 and revenue of $2.06 billion. The company recently formed a $1.5 billion partnership with Apollo-managed funds to create a new offshore energy asset fund, highlighting its strat...
A broad sell-off on Wall Street pushed the S&P 500 to four-week lows, heavily impacting leveraged ETFs and individual stocks. Leveraged ETFs like the Daily Target 2X Long LMND ETF fell sharply by over 48%, reflecting their amplified risk and volatili...
Several companies saw notable stock gains driven by key developments: T3 Defense surged 109% after delivering a custom production line to an Israeli manufacturer; SciSparc rose 70% following validation of a new clinical trial data platform; Huron Con...
