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Nebius Group stock has lost momentum and is now in a deep bear market after falling by over 37% from the year-to-date high. NBIS dropped to $189, with analysts and investors now focusing on the upcoming earnings, which will come out on Wednesday next week.Nebius Group stock has plunged amid AI concernsNebius Group is a top neocloud company that runs large data centers, offering services to companies like Meta Platforms, Revolut, and Microsoft. The company’s stock has come under pressure in the past few weeks as investors remain concerned about several risks. For example, there is a risk that the business is…

The July jobs report released today by the Bureau of Labor Statistics (BLS) revealed that the US economy shed jobs in July, a result almost no one forecast, and it landed nine days after the most divided Federal Reserve meeting in a decade. Nonfarm payrolls fell by 23,000, against expectations of an 80,000 gain, and the prior two months were revised down by a combined 103,000. The labor market did not just cool. It went backwards. The timing is what makes it consequential. On July 29 the Fed held rates at 3.50% to 3.75% in a 9-3 vote, its most…

Senate Majority Leader John Thune (R-S.D.) confirmed that the Senate will not vote on the Clarity Act before its August recess, pushing the crypto market structure bill into September after Democrats withheld the consent needed to bring it to the floor. Politico first reported that Republican leaders expected to leave Washington without taking up the bill. Republican leaders were unable to secure the agreement needed to fit the Digital Asset Market Clarity Act into the Senate’s final days before the break, while Democrats declined to provide it as negotiations continued. “The Dems are insistent on no Clarity vote. Anyway, I…

Twilio stock price jumped to its highest level since January 2022 after publishing strong financial results. TWLO hit a high of $248, up by over 500% from its lowest level in 2023, with its market capitalization hitting over $37 billion.Twilio’s business is gaining momentumTwilio has become one of the best-performing software companies in the United States because of the crucial services it provides. Its business provides its customers with essential services like SMS, voice, email, and other solutions. These solutions are important in the verification and identity, alerts and notifications, marketing, and other solutions. While Twilio is not a household name,…

Gold can be expected to rise further to the next resistance level 4400.00 (former top of wave iv from the start of June and the target for the completion of wave 3). Gold broke resistance area Likely to rise to resistance level 4400.00 Gold recently broke the resistance area between the key resistance level 4200.00 (former multi-month support from March, which has been reversing the price from the start of July, as can be seen from the daily Gold below) and the resistance trendline of the daily Triangle from June. The breakout of this resistance area accelerated the active upward…

The July jobs report released today by the Bureau of Labor Statistics (BLS) revealed that the US economy shed jobs in July, a result almost no one forecast, and it landed nine days after the most divided Federal Reserve meeting in a decade. Nonfarm payrolls fell by 23,000, against expectations of an 80,000 gain, and the prior two months were revised down by a combined 103,000. The labor market did not just cool. It went backwards. The timing is what makes it consequential. On July 29 the Fed held rates at 3.50% to 3.75% in a 9-3 vote, its most…

Figma stock dropped sharply after the company published its earnings report, which showed that its artificial intelligence costs soared. FIG dropped to $22.3, down substantially from this week’s high of $27.80. So, is it safe to buy the dip or sell the rip?Figma published strong earnings, but higher AI costsFigma, a top company in the design industry, is seeing strong growth despite the ongoing concerns about AI disruption. Its revenue growth is accelerating, with more companies moving to its ecosystem, and the management expects the growth to continue as it continues to monetize its AI tools.The company said that its revenue…

Why Is Tether Bringing Hadron To Saudi Arabia? Tether is expanding beyond stablecoins by bringing its Hadron tokenization platform to Saudi Arabia, where the company plans to issue and manage institutional-grade real estate assets on blockchain networks. The USDT issuer is working with First Advanced Data for Artificial Intelligence and fintech company BKN301 on the project. First Data will act as the issuer and primary market operator, while BKN301 will connect the platform with banking and compliance systems. Hadron will provide the technology needed to create tokenized real estate instruments and manage them throughout their lifecycle. Tether described the arrangement…

Sandisk and Western Digital delivered strong quarterly results Wednesday night. Investors sold both stocks anyway. Sandisk reported record fiscal fourth-quarter revenue of $8.97 billion, up 372% from the previous year, while adjusted earnings reached $39.25 per share, compared with $0.29 a year earlier. Western Digital generated $3.75 billion in revenue, up 44%, and lifted its adjusted gross margin to 54.4%. Both companies exceeded Wall Street’s quarterly forecasts. The initial reaction was brutal. Sandisk fell as much as 13.3% during Thursday’s session, while Western Digital lost as much as 19.1%. Both recovered from their intraday lows, leaving Sandisk at $1,286.20, down…

Investors seeking reliable income have no shortage of options today. For the most risk-averse, short-term bonds are currently offering annual yields of more than 4%, although they provide little to no potential for capital appreciation. This article explores why a portfolio combining Realty Income (NYSE: O), Energy Transfer (NYSE: ET), JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ: JEPQ), and Schwab U.S. Dividend Equity ETF (NYSEARCA: SCHD) could be an attractive choice for income-focused investors, offering a blend of high yields, dividend growth, and long-term capital appreciation.The four assets have dividend yields of 5.12%, 6.70%, 11.18%, and 3.12%, respectively. This means that…