The meme stock rally may have fizzled out, but GameStop has once again captured the attention of short sellers. As of mid-May, GameStop emerged as a favorite among short sellers, with short interest surging by 6% to more than 68 million shares, representing over 25% of its float. This resurgence came on the heels of
Potential
After a brief period of decline in May, mortgage rates started to climb again last week, causing a significant impact on mortgage demand. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 7.05% from 7.01%, with points also rising. This was the first increase in four weeks, and although
The dollar saw an increase in value as the Federal Reserve is anticipated to postpone rate cuts until later this year due to heightened expectations. This comes ahead of crucial inflation data to be released, which will have a significant impact on the market. The yen, on the other hand, weakened to its lowest point
As the market eagerly awaits final confirmation for the trading of spot Ethereum Exchange Traded Funds (ETFs), there is a strong sense of anticipation regarding the approval process. Ana de Mattos, a technical analyst and trader partnered with Ripio, highlights the need for the SEC to approve the S-1 filings before trading can commence. Despite
A recent tax measure proposed to provide funding for the San Francisco Bay Area Rapid Transit system faces strong local opposition that could derail its progress before it even reaches the ballot in 2026. Senate Bill 1031, introduced by Sen. Scott Wiener and Sen. Aisha Wahab, passed the California Senate by a vote of 26-10
Boston Beer (SAM) has been experiencing a bearish downtrend since missing earnings estimates back in February 2024. The stock recently hit a fresh 52-week low, signaling further potential downside. In order to capitalize on this breakdown, it is essential to analyze key technical indicators that confirm the bearish bias. To confirm the bearish momentum in
Porsche recently introduced the first-ever production hybrid version of its renowned 911 sports car, the 2025 911 Carrera GTS. With a starting price of $164,900, this new hybrid model signifies a significant shift in the traditional German sports car industry as automakers focus on increasing electrified vehicles and complying with stricter fuel economy standards. Executives
The recent developments in the global currency markets have been influenced by a slight pickup in risk appetite, leading to a weakening of the US dollar. Despite dovish comments from European Central Bank (ECB) policymakers and stagnant German business morale, the euro managed to rise against the dollar to $1.0877. The upcoming German inflation data
The once bustling border town of Nanawa in Paraguay has now become a ghost town, deserted by shoppers who used to flock there to buy cheap imports from Argentina. The economic situation in Argentina, with near 300% inflation and a propped-up peso under President Javier Milei, has led to a steep increase in prices of
The use of GLP-1 medications such as Ozempic has been highly promoted as a means of achieving significant weight loss. However, the reality is that many individuals who take these medications may still remain obese or overweight despite experiencing some weight loss. While losing weight can be a life-changing experience for some patients, it is