
Pinterest stock has sold off sharply over the past few months and now sits at its lowest level since May 21. PINS fell to $18.28, down 60% from its 2024 high and 30% below where it started the year. Despite the stock’s cheap valuation, the selloff may not be over yet. Pinterest’s revenue growth is […]
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The European Central Bank raised its deposit rate to 2.50% on Thursday, but the more important move for currency traders came after the decision, when President Christine Lagarde refused to validate a specific path for the additional tightening already embedded in European rates. The 25-basis-point increase itself contained almost no surprise. All 65 economists in […]
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Brent crude oil can be expected to rise further to the next resistance level 112.80 (former strong resistance from March and May and the target price for the completion of the active impulse wave iii). Brent crude oil broke pivotal resistance level 95.0 Likely to rise to resistance level 112.80 Brent crude oil continues to […]
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US stocks fell on Thursday as oil prices climbed above $100 a barrel, fuelling concerns over inflation and increasing expectations that the Federal Reserve could raise interest rates next week. The Dow Jones Industrial Average fell 316 points, or 0.60%, while the S&P 500 declined 0.58%. The Nasdaq Composite also dropped 0.65%. The declines came […]
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