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Business

Silver prices drop as higher rate expectations dampen demand

Silver prices continued to decline for a third straight session on Friday, with the XAG/USD pair trading around $64.40 per troy ounce during Asian trading hours. The decline came as market participants assessed the Federal Reserve’s policy outlook, which remained tilted toward tighter monetary conditions despite easing geopolitical tensions in the Middle East. Higher interest

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Gulf producers move to restore flows as Hormuz tests ceasefire pact

Saudi Arabia and the United Arab Emirates are preparing to ramp up oil exports as the Strait of Hormuz reopens under the US–Iran pact, Bloomberg said in a report on Friday.  The two Gulf producers are positioning themselves to restore flows quickly, highlighting their strategic infrastructure advantage and signaling a potential wave of supply into

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Business

Will ETF outflows push Bitcoin closer to the $60,000 support zone?

The cryptocurrency market remained under pressure on Friday as escalating geopolitical tensions in the Middle East weighed heavily on investor sentiment.  Bitcoin (BTC) slipped below the $63,000 mark, while major altcoins also recorded losses, with Bitcoin Cash (BCH) and Hyperliquid (HYPE) among the worst performers over the past 24 hours. Geopolitical risks fuel market uncertainty

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Business

UK retail sales beat forecasts with 1.2% rise in May

British retail sales rebounded more strongly than expected in May, supported by favourable weather conditions and promotional activity by retailers, according to official data released on Friday. The figures come despite ongoing concerns about rising living costs and uncertainty linked to the conflict involving Iran. Data from the Office for National Statistics showed that retail

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Bank of America predicts a major pricing shift for Apple

Apple has spent years trying to make artificial intelligence a reason for consumers to buy new devices. That strategy has become more important as rivals, including Google, Microsoft, OpenAI, and Meta, move quickly with consumer-facing AI tools. For Apple, the opportunity is clear. If AI makes the iPhone, iPad, and Mac more useful, it could

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Business

TAO falls 7% as Root Reborn proposal sparks validator-power concerns

Bittensor’s TAO token has dropped nearly 7% from its recent 24-hour high as investors reacted to criticism of the proposed Root Reborn governance upgrade. According to Yuma, a validator group, the proposed “Root Reborn” upgrade introduces governance, liquidity, and regulatory concerns that could outweigh its intended tokenomics benefits. https://twitter.com/YumaGroup/status/2067688837732499561 The proposal was originally introduced to

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Business

Allbirds exposes a new test for the AI trade

Allbirds is not big enough to define the artificial intelligence market. That’s exactly why investors need to pay attention. The sneaker maker’s transition into Smartbird (BIRD) is more than just another strange corporate rebranding. It could be a good sign for where the AI trade has gone following years of investor attention to Nvidia, cloud

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Business

JPMorgan and Anthropic lead massive new AI operational shift

The story of artificial intelligence in business has followed a familiar script for the past few years. To help employees work faster, companies deployed AI to summarize documents, draft emails, write code, and answer questions. The role was clear: AI advised, humans decided, and humans acted. That division of labor is starting to blur. A

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Business

XRP risks $1.05 retest as price stalls below key EMA barriers

Ripple’s XRP is trading below the $1.20 mark on Friday, holding short-term support near $1.13 after an early-week rally stalled at $1.28.  The rejection at higher levels has dampened market sentiment, prompting traders to reduce exposure amid growing macroeconomic uncertainty. Weak investor sentiment weighs on crypto markets Cryptocurrency markets have been under pressure following a

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Business

Intel surge hints far beyond Apple news

Intel jumped roughly 11% on Thursday, June 18, after President Donald Trump posted on Truth Social that Apple agreed to work with Intel to design and manufacture chips in the United States. Neither company confirmed the partnership publicly by market close. Intel’s stock added billions in market value on an unverified social media post from

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