HSBC shares are the most overbought stock.
Lender’s RSI fluctuates around 90. Shares of HSBC Holdings Plc. rose 50%, making them the most overbought in more than three decades, as investors returned to retail favorites due to…
AstroForge will launch space missions this year.
The first mission will test the purification of platinum metals in orbit. AstroForge Inc., an asteroid mining startup, plans to launch its first two missions into space this year with…
Elon Musk’s fortune increased by $11 billion.
Tesla CEO’s Wealth Rebounds Elon Musk’s net worth has increased by about $10.6 billion to $145.2 billion since his speech on Friday, according to the Bloomberg Billionaires Index, the largest…
BMW will accelerate solid-state batteries
The automaker will release a battery prototype with Solid Power. BMW AG is attempting to accelerate the development of solid-state batteries by producing cell prototypes at its Munich research and…
Coinbase Suspends Operations in Japan
Exchange decision to cut 20% of the workforce worldwide Coinbase Global Inc. suspends operations in Japan less than a month after Kraken, another major digital asset exchange, announced its departure.…
Amazon prepares for a new round of job cuts.
The latest layoffs will come from the retail division. Amazon.com Inc. is getting ready to start another wave of significant job losses as it struggles with a slowdown in the…
Google Fails to Suspend Fines in India
Regulators accuse Google of abusing its dominance. Google Alphabet Inc. was accused of abusing its dominant position in the market for its Android mobile operating system in an antitrust lawsuit,…
China sets another solar record.
New installations are up 59%. To reach its lofty climate targets, China expedited the installation of renewable energy sources last year, setting yet another record for solar capacity. According to…
Higher yields make 2023 the year of the bond.
2023 will be the year of the corporate bond boom. Wall Street experts remarked that the possibility that 2023 will see a corporate bond boom is increased by the fact…
Bitcoin miners reduce leverage
State-owned mining companies sell coin stocks. As the price of digital assets continues to decline, bitcoin miners are cutting back on loans and scaling back their operations. Mining corporations raised…