Market Update

As Micron Technology approaches the release of its third‑quarter earnings, investors are anticipating a significant jump in both revenue and profit. The company’s robust financial performance, fueled by accelerating demand for memory solutions tied to artificial intelligence, continues to strengthen confidence in its stock and its long‑term growth outlook, given …

Gold prices moved higher as the week began, supported by improving market sentiment after signs of progress in diplomatic efforts between the United States and Iran helped reduce fears of a major disruption to global energy supplies. The shift in expectations pushed oil prices lower, easing concerns that a new …

Bitcoin traded mixed this week as investors balanced improving price stability against a historic wave of withdrawals from U.S. spot Bitcoin ETFs. The cryptocurrency hovered near $64,000, gaining roughly 1.7% over the past 24 hours while remaining down about 2% for the week and nearly 15% over the past month. …

China has imposed new restrictions on a group of American companies, marking the latest escalation in the ongoing economic and strategic rivalry between the world’s two largest economies.The move comes just weeks after high-level talks aimed at stabilizing relations and reducing trade tensions. While both sides had signaled a willingness …

The resignation of Prime Minister Keir Starmer has sent a fresh wave of uncertainty through British financial markets, reigniting concerns about the country’s political stability and economic direction. The immediate reaction was felt in the currency market, where the British Pound came under pressure as investors rushed to assess the …

A major shift in U.S. digital finance policy is taking shape as Congress moves closer to banning the creation of a government-issued digital dollar. The proposed legislation would prevent the Federal Reserve from launching a central bank digital currency (CBDC), marking a significant victory for the cryptocurrency industry and companies …

Key Takeaways Sterling at 3-month low: The pound languished near its lowest level since late March against the dollar and hit one-month lows against the euro. Starmer’s exit the catalyst: The prime minister’s resignation announcement sent the currency into a tailspin. Burnham’s victory triggered the crisis: Andy Burnham’s decisive parliamentary …

Key Takeaways Starmer steps down: The UK prime minister announced Monday he will resign as Labour leader and prime minister after months of mounting political pressure. Orderly handover pledged: Starmer said he will remain in post until a leadership contest is completed to ensure a smooth transition. Trigger: Burnham’s by-election …

Key Takeaways Inflation surges: Canada’s annual CPI accelerated to 3.2% in May — a 29-month high — well above the 3.0% forecast and April’s 2.8%. Monthly CPI jumps: The monthly rate rose 1.0% — the highest monthly increase in 15 months — exceeding the 0.8% expected. Gasoline the culprit: Pump …

Key Takeaways Futures recover: S&P 500 futures fell 0.14% to 7,560.25 after initially tumbling as much as 1% on Iran strike fears. Nasdaq 100 flat: At 30,716; Dow futures slightly lower at 51,996. Markets closed Friday: Wall Street observed the Juneteenth holiday. Iran touts “major progress”: FM Araghchi cited significant …