Asia shares are mixed following Wall Street’s losses, as oil edges lower
HONG KONG (AP) — Asia shares were mixed Friday following a mild retreat on Wall Street, while the price of oil fell more than $1 after reaching the highest level since the summer of 2024.
U.S. futures edged higher as the war with Iran entered its seventh day, with Israeli airstrikes pounding the capitals of Iran and Lebanon.
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Read MoreSolana (SOL) ETFs Continue Attracting Institutional Money Despite 57% Price Drop
Key Takeaways
- SOL has declined 57% since US-based Solana ETFs debuted in July, currently trading around $88
- Despite price weakness, Solana ETFs have attracted $1.5 billion in net inflows with minimal redemptions
- Institutional investors account for 50% of total ETF capital inflows
- February 2026 saw Solana process a record-breaking $650 billion in stablecoin transactions
- The network now ranks second only to Ethereum in USDC supply across all blockchains
While Solana’s token price has experienced significant pressure since its exchange-traded fund launch in the US,
Read MoreDow plunges almost 800 points as surging oil prices renew inflation fears
Stocks tumbled Thursday, with the Dow Jones Industrial Average shedding almost 800 points as oil prices jumped amid the war with Iran. Higher energy prices are sparking concerns on Wall Street that they could reignite U.S. inflation.
The Dow tumbled 785 points, or 1.6%, on Thursday,
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Read MoreStock market today: Dow, S&P 500, Nasdaq futures inch up with key jobs report set to cap volatile week
US stock futures drifted higher on Friday as investors continue to react to an expanding conflict between the US-Israel coalition and Iran ahead of Friday’s key jobs report.
Contracts on the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) both edged up roughly 0.2%,
Read MoreIran says war could destroy global economy, Trump vows to 'finish' job
ECONOMIC SHOCK
With the conflict in its 12th day, Iran’s Revolutionary Guards (IRGC) warned they would strike “economic centres and banks” linked to US and Israeli interests, prompting more international firms to evacuate staff from Dubai.
The US and Israel “must consider the possibility that they will be engaged in a long-term war of attrition that will destroy the entire American economy and the world economy”,
Read MoreThe Burst
1 Top Trader Just Bought Netflix
Is Netflix breaking out? If you are to believe Mark Minervini, a renowned trader with a very successful track record, the answer is yes, but there’s more to the story than meets the eye.
First let’s take a look out at the chart highlighting the recent breakout above resistance of Netflix. As you can see a few days ago the share price peeked above resistance,
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Read MoreThe Ivy
Why Did Trump’s Team Buy This Crypto?
On December 11, 2024 a wallet associated with President-Elect Donald Trump began buying a cryptocurrency, Chainlink (LINK) in spades. Within hours a full million dollars had been invested into the token, so what is it about this under-the-radar play that most investors are not seeing?
There’s a little-known piece of blockchain history that often goes overlooked: back in 2017,
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Read MoreThe Spotlight
Billionaire Bets Big On This Energy Stock
Billionaire Stanley Druckenmiller is renowned for his investing prowess, and he’s made some savvy calls over the years. So it was worth paying attention when his family office picked up just over a million shares of Cenovus Energy Inc. (NYSE:CVE).
Why would Druckenmiller might be interested in this Canadian oil producer and does it makes sense for investors to follow his lead?
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