Adobe stock has evolved from one of the hottest trades in Wall Street into one of the top laggards. It plunged to a low of $309, its lowest level since November 2022, and 55% below its highest level in 2021 it has erased billions of dollars in value as the market capitalization dropped from over
Visa, the global leader in digital payments, has partnered with stablecoin infrastructure provider BVNK to integrate stablecoin capabilities into Visa Direct, its real-time money movement network that handles $1.7 trillion in annual volume. The collaboration, announced on January 14, allows select business customers to pre-fund Visa Direct payouts using stablecoins instead of relying solely on
The World Economic Forum’s (WEF) latest Global Risks Perception Survey has issued a sobering assessment of the threats facing global markets and economies over the next decade. Taken together, these risks could materially disrupt trade flows, destabilize supply chains, and depress global growth just as the world economy struggles with fragmentation and eroding institutional trust.
On Wednesday, Brazil’s Federal Police executed search and seizure orders on businessman and investor Nelson Tanure as part of the second phase of Operation Compliance Zero, a broad investigation into alleged financial irregularities involving Banco Master and related entities. Tanure is well-known in Brazil’s corporate environment, particularly for his investments in financially distressed enterprises. According
US producer prices rose at a slightly faster pace in November, while retail sales exceeded expectations, reinforcing signs that the American consumer remained resilient toward the end of the year even as price pressures persisted upstream. Data released by the Bureau of Labor Statistics showed that the producer price index for final demand increased 0.2%
Silver prices jumped to historic highs on Wednesday as the white metal topped the $90-per-ounce for the first time. Gold prices also hit record highs as tensions in the Middle East and concern over the US Federal Reserve’s autonomy boosted safe-haven purchases. Meanwhile, oil prices also rose sharply over concerns about disruptions in supply from
US stocks moved lower on Wednesday for a second consecutive session, extending a pullback from recent record highs as investors weighed a fresh batch of corporate earnings alongside delayed economic data that painted a mixed picture of inflation and consumer strength. The S&P 500 traded 0.5% lower, while the Dow Jones Industrial Average slipped 51
Bank of America (NYSE: BAC stock) delivered a solid beat on earnings and revenue for the fourth quarter, reporting diluted earnings of $0.98 per share, surpassing the consensus of $0.95-$0.98. The bank posted a revenue of $28.37 billion, above expectations of $27.3-$27.8 billion. The quarter showcased strength in trading and net interest income, alongside resilient
The Atlassian stock price continued its strong downward spiral this week, reaching its lowest level since August 2024. TEAM has plunged by 72% from its highest level in 2021 and by 57% from its 2025 highs. This crash has brought its market capitalization down from over $124 billion to $36 billion today. Atlassian stock has
Base metals have seen a strong start to the new year, though they have not reached the record highs set by precious metals. Copper and aluminum continue their rallies from last year, while the price of nickel has seen a particularly sharp jump since the end of last year. A common thread driving all three