Bitcoin is on track for a weekly gain after rising above $64,000, as improved risk sentiment in equity markets and easing geopolitical tensions supported prices. Other major cryptocurrencies, however, showed a mixed performance for the week.
The world's largest cryptocurrency is trading in a tight range as it confronts a significant technical barrier, with chart patterns and declining volume signaling a period of market indecision and a potential for a sharp price move.
A Bank of America report names South Korea and the UAE as the strongest AI contenders outside the dominant U.S. and China, citing their strengths in semiconductors, government investment, and rapid adoption.
The nuclear technology firm plans to list its Class A common stock under the ticker symbol HNUC, proposing a dual-class share structure that concentrates voting power.
Shale producer Occidental Petroleum reported a 38.4% sequential increase in its average realized oil price for the second quarter, citing the impact of geopolitical conflict on global energy markets. The company's natural gas prices, however, turned negative during the same period.
According to Morgan Stanley, investors should focus on Nvidia's expanding customer base, as future growth is expected to come from a diverse mix of enterprise, sovereign AI, and industrial clients rather than just a few large cloud providers.
South Korea's Kospi index is trading at a historic low of 6.4 times forward earnings, as a 170% projected surge in corporate profits, led by AI chip demand, outpaces an 80% market rally.
Ford Motor Co. and Canadian auto union Unifor have reached a tentative three-year labor agreement covering over 5,000 workers, potentially setting a pattern for upcoming talks with General Motors and Stellantis.
Saudi Arabia's main stock index, the Tadawul All Share, closed with a marginal gain on Sunday, lifted by strong performance in industrial and construction-related sectors despite more stocks declining than advancing.
