Nio, XPeng, Li Auto, BYD, Polestar: Why are China EV stocks tumbling?
China EV stocks are in a strong freefall this year as investors remain pessimistic about their growth prospects. Nio stock slipped to $5 on Friday, down nearly 30% from its…
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Category: Business
USD/JPY: Here’s why the Japanese yen has slumped to a 40-year low
The USD/JPY exchange rate continued its strong rally last week, reaching its highest point since 1986. It peaked at 161.81, up by 15% from its lowest level in May last…
Top 3 catalysts for the S&P 500 Index this week
The S&P 500 Index remained under pressure last week after the Federal Reserve delivered a highly hawkish interest rate decision. It also wavered as investors reacted to the new ceasefire…
XRP price prediction amid ETF inflows and RLUSD growth
XRP price retreated for the fourth consecutive day, even as demand in its exchange-traded funds (ETF) continued this week. Ripple dropped to $1.1305, a few points below this week’s high…
Celestica stock analysis: Will the sell-off continue?
Celestica stock price has slumped in the past few weeks, falling from the all-time high of $655 in June to the current $524. This retreat continued today, even after the…
Palantir stock slips below a crucial technical price: here’s why
Palantir stock is sitting at a crucial support level that may determine its forward trajectory. It is trading at $126.90 today, June 18, down modestly from this month’s high of…
BitMine stock: Tom Lee’s Ethereum bet backfires as key metrics plunge
BitMine stock price has crashed this year as Tom Lee’s Ethereum bet backfires. BMNR dropped to $15.70 on Wednesday, down substantially from last year’s high of $160. This retreat may…
Here’s why the IBM stock is falling after the Accenture earnings
International Business Machines (NYSE: IBM) stock price retreated sharply today, June 18, continuing a downward trend that started on June 2nd this year. It plunged to $245.8, down by 26%…