Author: Steven Sahiounie

“Israel” carries out yet another aggression on Syria, and the country’s air defenses intercept the missiles Syria’s official state agency reported that Israeli airstrikes have hit several sites in the vicinity of the Syrian capital Damascus, adding that the “Syrian air defenses have intercepted the missiles.” Two soldiers were wounded in the attack, Syria’s Defense Ministry said. “At around 01:20 am, the Israeli enemy carried out an aerial aggression from the direction of the occupied Golan Heights targeting several positions in the vicinity of Damascus,” the Defense Ministry said, adding that the strikes wounded two soldiers and caused material damage. Syria’s…

Stocks rose broadly Wednesday, as strong gains in tech helped the Nasdaq rebound after a losing session. Sentiment was also lifted by easing concerns around the state of the banking sector. The Dow Jones Industrial Average surged 323.35 points, or 1%, to close at 32,717.60. The S&P 500 gained 1.4% to end at 4,027.81, and the Nasdaq Composite added nearly 1.8% to close at 11,926.24. Big Tech shares also rose. Meta and Netflix added more than 2%, and Apple closed nearly 2% higher. Amazon jumped more than 3%. Micron shares climbed more than 7% after the chipmaker posted its fiscal…

Saudi Arabia’s cabinet approved a decision to join a China-led security bloc, strengthening Riyadh’s eastern ties in a further step away from U.S. interests. The state-owned Saudi Press Agency said that, in a session presided by King Salman bin Abdulaziz, the Saudi cabinet on Tuesday approved a memorandum awarding Riyadh the status of dialogue partner in the Shanghai Cooperation Organization — a political, security and trade alliance that lists China, Russia, India, Pakistan and four other central Asian nations as full members. The organization further tallies four observer states — including Iran — and nine dialogue partners, counting in Saudi Arabia, Qatar and Turkey. It…

The price of Ethereum has gained by 5.5% in the past 24 hours, on a day when the cryptocurrency market appears to have shaken off the jitters caused by the CFTC charging Binance with a variety of compliance violations. ETH is now up by 11% in the last 30 days and by 52% since the beginning of the year, with the coin helped by the news that CFTC Chairman Rostin Behman yesterday reaffirmed his view that it should be regarded as a commodity. At a time when exchanges, and some token issuers, are facing legal action, this statement from the CFTC’s head has served…

The Shiba Inu price has risen by 5% in the past 24 hours, reaching $0.00001088 as the cryptocurrency market recovers from its selloff earlier in the week. SHIB’s current price means it has fallen by 1% in a week and by 15% in the last 30 days, although the meme token has risen by 34% since the start of the year. Its losses over the past month or so arguably put it in a position for an above-average upwards correction, a possibility boosted by the approach of the Shibarium layer-two network, which is due for a full public launch next…

Bitcoin’s recent price surge, with BTC leaping up $1,000, has left investors and market analysts eager to predict the next target for the leading cryptocurrency. As market dynamics shift and momentum builds, we explore the factors that may influence Bitcoin’s trajectory and potential future price milestones. Crypto Market’s Fundamental Outlook Consumer confidence in the United States experienced an unexpected rise in March, suggesting that individuals are less apprehensive about the future, despite recent turbulence in the banking sector and elevated prices. This development could positively influence the value of BTC in several ways. In terms of data, US consumer confidence slightly…

Steven Sahiounie, journalist and political commentator The shifting sands of the Arab Gulf may turn rock-solid in an alliance across the region with Iran. This new alliance is in defiance of the old divide and conquer policy used by the US State Department. The rapprochement between The Islamic Republic of Iran and the Kingdom of Saudi Arabia could transform the region, after being brokered by China on March 10, ending seven years of tensions. The nations are aware that there is safety in numbers, and strength in unity instead of standing alone. Iran had decided to improve relations with its…

Stocks rose broadly Wednesday, as strong gains in tech helped the Nasdaq rebound after a losing session. Sentiment was also lifted by easing concerns around the state of the banking sector. The Dow Jones Industrial Average traded 231 points higher, or 0.7%. The S&P 500 gained 1.09%, and the Nasdaq Composite popped 1.39%. Big Tech shares also rose, with Meta, Amazon, Netflix and Apple all gaining more than 1%. Micron shares climbed more than 5% after the chipmaker posted its fiscal second-quarter figures, despite the company posting a $1.4 billion inventory write-down. Shares climbed on comments from executives that the…

Strength in technology stocks lifted the Nasdaq Composite nearly 1.3% as of 11:45 a.m. on Wednesday, helping the tech-heavy index bounce back following a losing session. Semiconductor and big technology stocks contributed largely to those gains, with Amazon up nearly 3%. Apple, Nvidia, Microsoft, Meta Platforms, Salesforce and Netflix gained more than 1% each. A rise in Micron shares despite a disappointing quarter boosted the broader semiconductor sector. Micron added about 6%, while Marvell Technology, Intel and Lam Research gained at least 4% each. ON Semiconductor, Qualcomm and Analog Devices rose more than 2%, while Advanced Micro Devices inched 1.4% higher. The S&P 500′s information technology sector rose 1.6%, while communication services added about 1%. This article was originally published by CNBC.

There is a bearish trend showing up in Amazon’s chart, according to Bank of America. Amazon shares are trading at around $97, and stuck in a downtrend given falling 26- and 40-week moving averages, said BofA’s technical strategist Stephen Suttmeier. “The immediate trend is bearish below chart resistance, the declining 40-week MA and the downtrend line from April 2022 in the 102 to 207 area,” Suttmeier wrote. “The risk for a break of nearby support at 90-88 to suggest downside back to the recent low at 82-81, with a deeper drawdown to the 2019 low and downside counts at 65-61…