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Markets plunge and U.S. oil hits $100 as Trump’s ability to reassure Wall Street hits its limit

Markets plunge and U.S. oil hits $100 as Trump’s ability to reassure Wall Street hits its limit

President Donald Trump is used to bending financial markets to his will. But with the war in Iran, he may have reached the limit of his ability to do so. On Friday, the S&P 500

Business
Gold price forecast: Will it rebound or fall further?

Gold price forecast: Will it rebound or fall further?

Blockage of the all-important Strait of Hormuz has caused the largest disruption in the oil market, and gold price is feeling the heat. While the long-term outlook remains bullish, investors are keen on how the

Business
Bitcoin price prediction: Alarming pattern forms as geopolitical risks rise

Bitcoin price prediction: Alarming pattern forms as geopolitical risks rise

Bitcoin price remains in a technical bear market this week after falling by double digits from the all-time high. BTC was trading at $66,800 on Sunday, and its fundamentals and technicals suggest that it has

Business
Judge blocks Trump administration from limiting Anthropic’s contracts with federal government

Judge blocks Trump administration from limiting Anthropic’s contracts with federal government

A federal judge in California has blocked the Trump administration from designating Anthropic as a supply chain risk to national security and cutting off the AI company’s work with federal agencies. Anthropic sued the Defense

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Senate agrees to fund DHS, except ICE and CBP, in bid to end extreme airport delays

Senate agrees to fund DHS, except ICE and CBP, in bid to end extreme airport delays

WASHINGTON — The Senate agreed unanimously early Friday to fund the Department of Homeland Security, but without funding for immigration enforcement and deportation operations. Senators approved the package at 2:20 a.m. by voice vote following

Business
AT&T stock price hits make-or-break point as a risky pattern forms

AT&T stock price hits make-or-break point as a risky pattern forms

The AT&T stock price has jumped this year and is now nearing the all-time high, continuing the uptrend that has been going on since 2023. It jumped to a record high of $29.45 this week,

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Lumentum stock: Wyckoff Theory points to a steep crash soon

Lumentum stock: Wyckoff Theory points to a steep crash soon

Lumentum stock price has gone vertical this year and is now trading at its all-time high. LITE jumped to a high of $803, up by 1,600% from its lowest level in December. This rally may

Business
Nasdaq moves into correction territory as Iran war weighs on markets

Nasdaq moves into correction territory as Iran war weighs on markets

U.S. stocks and bonds sold off Thursday and oil continued its weekslong upward trajectory, as optimism faded about possible peace talks or a U.S.-Iran ceasefire. The price of U.S. crude oil rose near $95 per

Business
Jury finds Meta and YouTube negligent in landmark lawsuit on social media safety

Jury finds Meta and YouTube negligent in landmark lawsuit on social media safety

LOS ANGELES — A jury found Meta and YouTube negligent in the design or operation of their social media platforms, producing a bellwether verdict in the first lawsuit to take tech giants to trial for social

Business
USD/JPY forecast as Japan mulls yen intervention amid the sell-off

USD/JPY forecast as Japan mulls yen intervention amid the sell-off

The Japanese yen continued its downtrend this week, raising the possibility that the Bank of Japan (BoJ) will intervene as it nears a crucial level. The USD/JPY exchange rate was trading at 159.60, a few