Analysts anticipate artificial intelligence to be core to the future of work evolution and industry applications. That largely explains why newcomers like ChatGPT are rapidly gaining popularity. Realizing this potential, AltSignals wants to tap into the power of AI to general trading signals with greater quality and win rate. Investors know how significant AI is to trading, with AltSignals presale of $ASI token that will power an AI trading service quickly selling out. Less than 22% of tokens remain before the presale ends, meaning there is a lot of expectation around this token.  What i ..read more

The SPDR S&P Dividend ETF (SDY) stock has come under pressure in the past few months as concerns about the US markets continue. The shares have crashed to the lowest level since March 27th as it retreated by almost 10% from the highest point this year. Dividend aristocrats in trouble The SPDR S&P Dividend ETF is a leading fund that tracks dividend aristocrats, which are companies that have hiked dividends in the past 25 years. The fund was created in 2005 and has grown to more than $21 billion. It has 122 companies spread across all sectors.  SDY ETF’s biggest constituent compani ..read more

Optimism’s price is down 7% on Tuesday after the OP token fell from around $1.64 to $1.51. The declines come as the community braces for a supply bump that could see further downside pressure for the Ethereum layer-2 solution. OP traded at around $1.53 at 6 am ET on Tuesday, down 6.5% in the past 24 hours and nearly 30% off in the past 30 days. Optimism supply to increase 100% as OP is unlocked The downward move for OP tokens today comes as Bitcoin and Ethereum retested key price levels at $28k and $1.9k respectively. While it’s likely to mirror overall market action if BTC and ETH rally high ..read more

Everyone is curious to know how the stock market will react to the debt ceiling deal announcement that happened over the weekend. Republicans and Democrats have reached an agreement, but we are yet to see the stocks’ reaction because the Memorial Day holiday was on Monday. The debt ceiling uncertainty was a drag for US stocks. However, not all stocks have had a tough time in 2023. In particular, three sectors have outperformed and have now reached overbought or extreme overbought levels: Technology Communication services Consumer discretionary The technology sector (NYSEARCA:XLK) is up over ..read more

ZIM Integrated (NYSE: ZIM) stock price has crashed hard after the company canceled its dividend as the shipping industry recoils. The shares plunged to a low of $12.95, the lowest level since January 26th. Its stock has retreated by more than 37% from the highest level this month. In all, the shares have dropped by almost 70% from 2022 highs. Dividend is now gone ZIM Integrated, one of the biggest companies in the shipping industry, made headlines after it delivered weak earnings. In a statement, the company said that its revenue in the first quarter to $1.4 billion from the previous $3.7 bil ..read more

Wednesday will be a big day for AUD/USD traders for at least two reasons. First, the monthly inflation report is due out. Second, Wednesday is the last trading day of the month. The inflation report is usually a source of volatility for currencies. That is especially true lately when inflation runs hot in developed countries, and central banks have a hard time bringing it down to their target. In Australia, the annual inflation is forecast to come out at 6.4%, higher than the previous 6.3%. Hence, from this perspective, the Aussie dollar should trade higher if the forecast is accurate. So far ..read more

IDS share price has suffered a big reversal in the past few days as demand for the stock drops. Shares of Royal Mail’s parent company have retreated to 190p, much lower than the year-to-date high of 260p. It has plunged to the lowest level since November 7.  IDS faces significant challenges IDS is going through a difficult period as the company’s parcel and letter demand eases. The company’s revenue and profitability has been in a downward trend after peaking during the pandemic. The most recent financial results showed that the company’s revenue dropped from £12.7 billion to £12.04 bill ..read more

Metacade (MCADE) is beginning to show up after slowing down in May. Having hit a top price of $0.045 previously, MCADE had shown a solid bullish strength that was anticipated once the token listed on exchanges. A price drop to $0.016 gave investors who had missed the early take off to get in and ride a fresh bullish momentum. The price of MCADE is now $0.024, a substantial gain of 8% in 24 hours. That comes ahead of the Metacade Lite launch, expected in three days. China to support Web 3.0 innovation China is ready to embrace and support innovation within the Web 3.0 sector. Local reports ind ..read more

Reuters’ latest news reveals Binance‘s Australian arm had Bitcoin (BTC) prices at a massive discount. The top crypto traded A$9,000 cheaper on Binance than rival exchanges in the country. That signaled investors selling to exit positions quicker. #Bitcoin and other digital tokens traded at a discount on @BinanceAustralia compared to rival exchanges in the country. Binance Australia is facing a disconnection from a key local currency withdrawal route. #cryptocurrency #cryptonews pic.twitter.com/EpK5OJeGlM — DeFi Planet (@PlanetDefi) May 30, 2023 The report revealed that Bitcoin traded near ..read more

Rolls-Royce (LON: RR) share price has been dead money in the past few days as investors react to the company’s turnaround and recent financial results. The stock was trading at 150p, where it has been since April. Still, it has jumped by over 131% from the lowest level in 2022.  Latest Rolls Royce news The latest manufacturing news is that Rolls-Royce is considering cutting thousands of jobs as the new CEO works to turn around the company. In a report, the Sunday Times said that Tufan Erginbilgic was considering cutting about 3k jobs across the board. In a rejoinder, the company said tha ..read more