Gold price drifts lower for the second successive day amid receding geopolitical tensions.  Reduced Fed rate cut bets continue to underpin the USD and contribute to the downfall. The fundamental backdrop warrants some caution before placing aggressive bearish bets. Gold price (XAU/USD) adds to the previous day’s heavy losses –…

Ethereum price is gaining pace above the $3,120 resistance zone. ETH could continue to move up unless there is a daily close below the $3,030 level. Ethereum extended its increase above the $3,150 resistance zone. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a…

The first criminal trial of Donald Trump is officially underway. Prosecutors and Trump’s attorneys delivered opening statements and the first witness – a former National Enquirer publisher – was called Monday in the historic and unprecedented criminal trial of a former president. Each side got their first chance to lay…

Retail sales figures are often hard to read. Scan the headlines and the same number is both a roaring comeback of consumer spending and also the depths of economic despair – the same number, that is. March’s read on US consumer spending was the big news this week, and it…

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Shares of Mitek Systems (MITK) have been under pressure since the company reported Q1 2024 results on April 15 that fell slightly short of expectations. Specifically, revenue and adjusted earnings for the period declined 19.2% and 54.8% year-over-year to $36.9 million and 14 cents per share, missing analysts’ projections for…