KOSPI Index at a crossroads: Can South Korea’s bull run reach 10,000?
The KOSPI Index has entered the longest bull market in decades. After bottoming at KRW 2,132 in 2022, it has jumped by 295% to the current KRW 8,476. It has…
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Category: Business
SoFi stock warning: stablecoin faces major scaling headwinds
SoFi Technology (NASDAQ: SOFI) stock price popped on Friday after forming the highly bullish double-bottom pattern at $15. It soared to a high of $18.50, its highest point since April…
Here’s why the SMCI stock price is nearing a golden cross
The Super Micro Computer (NASDAQ: SMCI) stock price extended its rally on Friday as the artificial intelligence supercycle gained momentum. It jumped to $48, its highest point since November 25,…
MLB owners have proposed a salary cap for the first time since baseball’s 1994-95 strike
Major League Baseball owners made their long-expected salary cap proposal to the players’ association on Thursday, a system the union has vowed never to accept, setting the sides on course…
Here’s why Brent crude oil price may drop below $60 soon
Brent crude oil price retreated for three consecutive days, reaching its lowest level since April 7 this year. It has plunged from a high of $114 on May 4 to…
Here’s why Alibaba, Tencent, Xiaomi stocks are falling amid the AI boom
The biggest Chinese technology companies are underperforming the market despite the ongoing artificial intelligence boom. Xiaomi stock has plunged by 30% this year, while Tencent and Alibaba have dropped by…
In major shake-up, CBS replaces ‘60 Minutes’ executive producer with tech journalist
CBS News editor-in-chief Bari Weiss on Thursday replaced Tanya Simon, the executive producer of the network’s flagship newsmagazine “60 Minutes,” with a technology journalist who has never worked in television…
Here’s why the crypto market is crashing today
The cryptocurrency market is under heavy pressure, with major digital assets trading sharply lower. Bitcoin (BTC) fell below the key $73,000 support level, while Ethereum dropped under $2,000 as selling…