Shares of American logistics and transportation giant FedEx jumped by over 7.6% on Friday after it reported stronger-than-expected third-quarter results and lifted its full-year guidance. The company posted adjusted earnings per share of $5.25 on revenue of $24 billion for its fiscal third quarter, comfortably ahead of Wall Street estimates of $4.15 per share on
Arm Holdings Plc shares surged on Friday after a major analyst upgrade and growing optimism around its role in the artificial intelligence (AI) chip ecosystem fueled investor interest. The stock gained 7% to its intraday high, extending its recent rally as analysts highlighted the company’s evolving business model and stronger earnings potential tied to AI-driven
France’s attempt to halt Shein’s marketplace has run into another legal setback, with a Paris appeals court rejecting the government’s request to suspend the platform. The decision follows months of scrutiny after regulators flagged listings that raised serious safety concerns. Authorities had pushed for a temporary shutdown of the Chinese e-commerce platform, arguing that consumer
XRP has pared recent gains as prices extended their retreat from highs near $1.60, with a dip across cryptocurrencies seeing the Ripple token slip to support around $1.45. Bitcoin and Ethereum were testing respective support levels near $70,000 and $2,150. While analysts at Citi and across the ecosystem maintain a long-term bullish take, the short-term
Crypto.com has reduced its workforce by around 12% as the company accelerates a shift towards artificial intelligence across its operations. The Singapore-based exchange confirmed the layoffs on March 19, with CEO Kris Marszalek positioning the move as a necessary step to align with an AI-first business model. With more than 4,000 employees before the cuts,
The Dow Jones Index is nearing a correction after falling by 9% from its highest point this year. It tumbled by 768 points on Wednesday, and its futures dropped by over 120 points. This retreat may continue in the coming weeks, potentially to $45,000 as risks rise. Dow Jones Index technical analysis suggests more downside
BitMine stock price remains in a deep slumber this month, continuing a trend that started in February. BMNR was trading at $21.4 on Wednesday, inside a range it has been stuck in since February 5 this year. It remains much lower than the all-time high of $161. This article explores why the stock may rebound
S&P 500 perpetual contract made its debut on Hyperliquid, marking it the first licensed perpetual derivative tied to the benchmark S&P 500 equity index ever offered on‑chain. Traders on Hyperliquid can now take leveraged positions on the US market 24/7 without needing to interact with traditional stock exchanges. https://twitter.com/tradexyz/status/2034260987197444255?s=20 The launch has had an immediate
Uber Technologies is stepping up its autonomous ambitions through a new partnership with electric vehicle maker Rivian Automotive, committing to invest up to $1.25 billion to support a large-scale robotaxi rollout. The agreement outlines plans to deploy as many as 50,000 autonomous vehicles across major markets by 2031. It signals a renewed push by both
The US market indices opened lower on Thursday, extending a broad risk-off sentiment across global markets as surging oil prices and persistent inflation concerns weighed on investor confidence. Dow Jones Industrial Average fell about 0.65% or 298 points while S&P 500 and Nasdaq 100 slipped roughly 0.81% and 1.13%, respectively. The decline follows a sharp