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S&amp;P 500 futures ticked lower early Thursday after the index posted a winning session in what has been a rocky week.Futures tied to the broad market index dropped 0.66%, while futures linked to the Dow Jones Industrial Average lost 187 points, or 0.45%. Nasdaq 100 futures declined 0.95%.<img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20250313_Chi_so_S_and_P_500_giam_nhe_sau_phien_phuc_hoi_giua_tuan_bien_dong_306c0a6d97.jpg" alt="20250313 Chỉ số S&amp;P 500 giảm nhẹ sau phiên phục hồi giữa tuần biến động.jpg">In extended trading, Intel popped about 10% after the company said it had appointed Lip-Bu Tan as its new CEO. Adobe slipped roughly 4% after forecasting weaker-than-expected earnings in the fiscal second quarter.In Wednesday’s regular trading, beleaguered tech stocks caught a bid as investors snapped up shares, lifting the Nasdaq Composite to a 1.2% gain and carrying the S&amp;P 500 to a 0.5% advance. The tech sector was the top performer in the session, up nearly 1.6% as Nvidia and Palantir Technologies surged. The 30-stock Dow was an outlier, however, notching a third straight losing day and falling 0.2%.February’s reading of the consumer price index, a wide-ranging measure of costs across the U.S. economy, came in softer than expected. Headline inflation rose 0.2% from the prior month and 2.8% on an annual basis.The results may have eased traders’ concerns about the direction of the economy and the impact tariffs could have on inflation. Indeed, President Donald Trump’s steel and aluminum tariffs went into effect on Wednesday, and Canada slapped a 25% retaliatory levy on more than $20 billion of U.S. goods.Though market strategists have been watching for a technical bounce after the recent sell-off, some say the latest inflation print likely isn’t enough to lead to a sizable rebound. Concerns over Trump’s trade policies remain a key hangover on investor sentiment, and they throw into question how the Federal Reserve may proceed on interest rates.“We still believe the next Fed rate move is lower, but it is hard to have high confidence with the impact of tariffs still uncertain,” said Scott Helfstein, Global X’s head of investment strategy. “The key question is whether tariffs will have a greater impact on growth or prices. In recent weeks, the rates market has signaled that weaker growth is the bigger concern with three cuts now being priced for this year.”Week to date, all three major averages are on pace for steep declines. The S&amp;P 500 and Nasdaq are on track for losses of about 3%. The Dow is off 3.4% in the period, heading for its worst week since March 2023. The broad market index briefly dipped into correction territory on Tuesday, down 10% from a record set in February.A couple of key economic reports are due on Thursday, with weekly jobless claims and the February producer price index on deck.On the earnings front, Dollar General and Ulta Beauty are slated to report Thursday.

S&P 500 futures ticked lower early Thursday after the index posted a winning session in what has been a rocky week. Futures tied to the broad market index dropped 0.66%, while futures linked to the Dow Jones Industrial Average lost 187 points, or 0.45%. Nasdaq 100 futures declined 0.95%.

S&P 500 futures fall even after index posts first winning session in three: Live updates

The cost of goods and services in the U.S. rose at a&nbsp;slower-than-expected pace in February, as consumers and businesses remained wary of the inflationary impact of tariffs.According to a report from the&nbsp;U.S. Bureau of Labor Statistics, the&nbsp;Consumer Price Index (CPI) increased by 0.2% month-over-month and 2.8% year-over-year, both&nbsp;0.1 percentage points below forecasts.Excluding food and energy, the&nbsp;core CPI also rose&nbsp;0.2% on the month, falling short of economists' expectations of&nbsp;0.3%. On a year-over-year basis,&nbsp;core CPI climbed 3.1%, slightly below the&nbsp;3.2% forecast.<img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20250313_Tin_vui_cua_Fed_CPI_My_tang_yeu_hon_du_bao_1_e61fed880a.jpg" alt="20250313 Tin vui của Fed CPI Mỹ tăng yếu hơn dự báo 1.jpg"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20250313_Tin_vui_cua_Fed_CPI_My_tang_yeu_hon_du_bao_2_a69b0eeffa.jpg" alt="20250313 Tin vui của Fed CPI Mỹ tăng yếu hơn dự báo 2.jpg">Markets React PositivelyU.S. equity markets responded positively to the news, with&nbsp;futures gaining across the board.In February,&nbsp;housing costs rose by 0.3%, a softer increase compared to January, though still accounting for nearly half of the CPI’s monthly gain.&nbsp;Housing costs make up over one-third of the CPI basket.Food and energy indices both&nbsp;rose 0.2%. Notably,&nbsp;used car prices surged 0.9%, while apparel prices climbed 0.6%.In the food category,&nbsp;egg prices soared 10.4% from the previous month, marking a staggering 58.8% increase year-over-year. This surge pushed the broader food index, including&nbsp;meat, poultry, and fish, up&nbsp;7.7% from a year ago.&nbsp;Beef prices also rose 2.4% in February.Economic Crossroads Amid Trade TensionsThis report comes at a&nbsp;critical juncture for the U.S. economy and financial markets. Recently,&nbsp;equity markets have suffered sharp declines as President&nbsp;Donald Trump escalated trade tensions, fueling&nbsp;recession fears among investors.On March 12, Trump’s&nbsp;25% tariff on steel and aluminum took effect, prompting&nbsp;retaliatory measures from the European Union.Fed officials are&nbsp;closely monitoring these developments. Policymakers generally view&nbsp;tariffs as having a modest, one-off impact on inflation, with&nbsp;limited long-term effects on key economic indicators.However, an&nbsp;expanded trade war could alter that outlook if&nbsp;price increases become more entrenched in the economy. Markets currently&nbsp;anticipate the Fed to cut rates in May, with a total of&nbsp;75 basis points in reductions expected for 2025."The February CPI report provides further evidence of progress in core inflation, with price pressures easing following January’s strong data," said Kay Haigh, Co-Global Head of Fixed Income and Liquidity Solutions at Goldman Sachs Asset Management. "While the Fed is likely to hold rates steady at this month’s meeting, the combination of cooling inflation and growth slowdown risks suggests the central bank may need to continue its easing cycle."Fed’s Next Moves &amp; Growth OutlookThe Fed is set to meet next week and is widely expected to&nbsp;maintain its benchmark rate at 4.25%-4.5%.Meanwhile, according to the&nbsp;Atlanta Fed’s GDPNow model, the&nbsp;U.S. economy could contract by 2.4% in Q1 2025, marking the&nbsp;first quarterly decline in three years.By: Vu HaoTrans: Info Finance

The cost of goods and services in the U.S. rose at a slower-than-expected pace in February, as consumers and businesses remained wary of the inflationary impact of tariffs.

Fed’s Positive News: U.S. CPI Rises Less Than Expected

Emirati state-owned investment firm MGX announced a $2 billion investment into Binance, in what marks the cryptocurrency exchange’s first institutional investment and the “single largest investment” ever paird in crypto.In a joint press release, the firms said the minority stake would be paid for in stablecoins, making it the “largest investment ever” paid in cryptocurrency. Stablecoins are a type of digital asset designed to hold a constant value, typically with a peg to a fiat currency.&nbsp;Abu Dhabi launched the MGX investment firm last year with a focus on AI technology. In September, MGX partnered with the likes of BlackRock&nbsp;and Microsoft&nbsp;to launch a more than $30 billion AI fund, but it had yet to invest in the cryptocurrency industry and blockchain sectors.&nbsp;“MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance,” Ahmed Yahia, managing director and CEO at MGX, said in a statement.The press release added that “by partnering with the leading industry player, MGX aims to enable innovation at the intersection of AI, blockchain technology and finance.”Binance and MGX did not immediately comment on the size of the stake or what stablecoin would be used for the payment. Binance has not responded to an inquiry on whether the deal had been completed.As part of the UAE’s broader ambitions to become a global technology leader, it has been growing into a regional crypto hub.&nbsp;Binance, the largest cryptocurrency exchange in the world, has grown its Middle East footprint as it faced regulatory hurdles and enforcement measures in other jurisdictions in recent years,&nbsp;According to the press release, Binance employs approximately 1,000 of its roughly 5,000 global workforce in the UAE. It adds that it now boasts over 260 million registered users and has surpassed $100 trillion in cumulative trading volume.&nbsp;Binance CEO Richard Teng is scheduled to take part in a panel session at CNBC’s CONVERGE LIVE in Singapore at 2:40 p.m. local time (2:40 a.m. ET) on Thursday.Cre: CNBC

Emirati state-owned investment firm MGX announced a $2 billion investment into Binance, in what marks the cryptocurrency exchange’s first institutional investment and the “single largest investment” ever paird in crypto.

Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges $2 billion

The&nbsp;S&amp;P 500 slid in a head-spinning session for traders as they grappled with new tariffs proposed by&nbsp;President Donald Trump that were in flux throughout most of Tuesday. The trade policy uncertainty has brought the benchmark to the brink of a&nbsp;correction, which is defined as a decline of&nbsp;10% from its high.The&nbsp;S&amp;P 500 ended the session&nbsp;0.76% lower, falling to&nbsp;5,572.07. At its low of Tuesday’s session, the index was&nbsp;10% below its record close. The&nbsp;Dow Jones Industrial Average lost&nbsp;478.23 points, or&nbsp;1.14%, to close at&nbsp;41,433.48. The&nbsp;Nasdaq Composite slipped&nbsp;0.18%, closing at&nbsp;17,436.10.Market Turmoil Over Tariff UncertaintyThe&nbsp;S&amp;P 500 was in the green at one point during the trading session before&nbsp;Trump declared on Truth Social that Canadian steel and aluminum duties would double to&nbsp;50% from 25%, effective Wednesday. The president made the move in response to&nbsp;Ontario Premier Doug Ford’s surcharge on electricity exported to the U.S.<img class="image_resized" style="width:50%;" src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20250312_Pho_Wall_Chao_Dao_Dow_Jones_Mat_Hon_450_Diem_S_and_P_500_Ghi_Nhan_Hai_Phien_Giam_Lien_Tiep_Vi_Bat_On_Thue_Quan_Duoi_Thoi_Trump_2_efc99f967e.jpg" alt="20250312 Phố Wall Chao Đảo Dow Jones Mất Hơn 450 Điểm, S&amp;P 500 Ghi Nhận Hai Phiên Giảm Liên Tiếp Vì Bất Ổn Thuế Quan Dưới Thời Trump 2.jpg">Later in the day,&nbsp;Ford announced he was temporarily suspending the&nbsp;25% surcharge after discussions with&nbsp;Commerce Secretary Howard Lutnick.Finally, top&nbsp;Trump trade advisor Peter Navarro stated on&nbsp;CNBC Tuesday afternoon that Trump would&nbsp;not hike the tariffs on Canadian steel and aluminum to&nbsp;50%. However, the&nbsp;25% duty that was originally planned would still take effect.This is the&nbsp;latest in a series of disorderly trade policy moves that have rattled&nbsp;corporate and consumer confidence, weighing on markets over the past&nbsp;three weeks.Market Sell-Off and Investor SentimentOn Monday, the&nbsp;Nasdaq experienced its worst day since September 2022, dropping&nbsp;4%. The&nbsp;30-stock Dow fell nearly 900 points.Citigroup this week&nbsp;lowered its rating on&nbsp;U.S. stocks from&nbsp;overweight to&nbsp;neutral, citing a&nbsp;“pause in U.S. exceptionalism” as the primary reason.“There’s clearly a tolerance for pain on the part of the administration in pursuit of trade goals that are not necessarily entirely economic in nature,” said&nbsp;Ross Mayfield, Baird investment strategist.&nbsp;“At this point, I’m still in the camp that we’re not on the doorstep of a recession, but maybe a slowdown or growth scare. Non-recession sell-offs tend to be shorter and milder than the recessionary ones.”Recession Fears MountingDelta Air Lines added to recession concerns Tuesday as the airline&nbsp;slashed its earnings outlook due to&nbsp;weaker U.S. demand, causing its stock to drop&nbsp;7.3%. Other&nbsp;travel-related stocks followed suit, with&nbsp;Disney and&nbsp;Airbnb both falling&nbsp;5%.Trump Dismisses Market ConcernsAlong with haphazard tariff moves, comments from the administration in recent days have&nbsp;stoked investors’ fears about the economy. On Tuesday,&nbsp;Trump appeared unconcerned by the recent market sell-off.“Markets are going to go up and they’re going to go down but, you know what, we have to rebuild our country,” Trump said when asked about the stock market, according to the&nbsp;White House pool report.Investors Await CPI DataInvestors are&nbsp;eagerly anticipating the release of&nbsp;February’s Consumer Price Index (CPI) due Wednesday.“It’ll be really important that we don’t see an upside surprise on CPI because at this point, the Fed does have plenty of dry powder to step in to cut rates and try to boost demand if the economy were to meaningfully slow,” Mayfield added.&nbsp;“But they can only really do that if they feel that inflation expectations and inflation are well anchored.”With market volatility remaining high, all eyes will be on&nbsp;key economic indicators and further trade developments in the coming days.Cre: CNBC

The S&P 500 slid in a head-spinning session for traders as they grappled with new tariffs proposed by President Donald Trump that were in flux throughout most of Tuesday. The trade policy uncertainty has brought the benchmark to the brink of a correction, which is defined as a decline of 10% from its high.

Dow Drops More Than 450 Points, S&P 500 Posts Back-to-Back Loss Over Trump Tariff Uncertainty

As the forex market continues to grow, many new investors join with hopes of making a profit from trading. However, this also provides an opportunity for fraudulent brokers (scam brokers) to operate with increasingly sophisticated schemes to swindle investors. One of the most common forms of fraud today is demanding additional payments under the guise of "income tax" or "financial proof" before allowing withdrawals.The Scam of Tax Payments and Financial Proof RequestsMany investors, after trading for some time and seeing profits in their accounts, often face difficulties withdrawing funds due to scam brokers. A widely used tactic is requiring traders to pay an upfront fee labeled as "income tax" or "financial proof" to "ensure transaction security." These brokers often present fake documents or official-looking notices, falsely claiming they are mandated by tax authorities to pressure investors into paying.In reality, no legitimate financial authority or licensed forex broker requires traders to pay personal income tax directly to the broker. Any tax obligations (if applicable) are the responsibility of the investor in their country of residence and must be settled according to local tax regulations. If a broker insists on tax payments before allowing withdrawals, it is a strong indication of a scam.Fake Accounts – A Psychological Trap to Encourage More DepositsAnother deceptive tactic used by scam forex brokers is creating fake investor accounts within trading communities or chat groups. Investors often see others in the group claiming they have paid the required “tax” or “financial proof fee” and then successfully withdrawn their profits. This creates a false sense of security, leading real investors to believe the process is legitimate and convincing them to follow suit.In reality, these so-called investors are fake accounts operated by the scam broker’s employees to manipulate trust. They use multiple social media accounts to post fabricated success stories, reinforcing the illusion that withdrawals are being processed. Once multiple investors are convinced and deposit additional funds, the scammers disappear, leaving traders unable to access their money.Legitimate Forex Brokers Will Never Charge Additional Fees from InvestorsIt is crucial for investors to understand that reputable and regulated forex brokers never request additional payments beyond standard trading fees. Fees, taxes, or so-called “financial proof” requirements do not exist in the withdrawal process of legitimate brokers.If a broker asks you to deposit extra funds before processing withdrawals for any reason, be extremely cautious and verify its legitimacy. Investors should only trade with brokers licensed by reputable financial authorities such as the&nbsp;FCA (UK), ASIC (Australia), or CySEC (Cyprus) and check reviews from the trading community before committing funds.Key Advice for InvestorsDo not deposit additional money upon request – If a broker asks for extra payments to release withdrawals, stop trading immediately and investigate the broker's credibility.Verify the broker’s license – Check if the broker is regulated by a well-known financial authority.Do not trust social media groups blindly – People claiming successful withdrawals in community groups may be scam brokers’ employees.Consult trusted forex trading forums – Read reviews on reputable forex forums to assess the broker’s reputation.Report suspicious activities – If you suspect you have been scammed, report the broker to financial authorities for assistance.Forex scams are becoming increasingly sophisticated, and investors must equip themselves with the knowledge to safeguard their funds. Always stay alert to enticing promises and only trade with licensed brokers to ensure financial security.

As the forex market continues to grow, many new investors join with hopes of making a profit from trading. However, this also provides an opportunity for fraudulent brokers (scam brokers) to operate with increasingly sophisticated schemes to swindle investors. One of the most common forms of fraud today is demanding additional payments under the guise of "income tax" or "financial proof" before allowing withdrawals.

The Deceptive Tactics of Scam Forex Brokers – Don’t Fall Victim

Ethereum remains under selling pressure, struggling to reclaim the key $2,300 resistance level. Technical indicators still suggest a bearish trend, with BBTrend showing signs of improvement but remaining negative, indicating that bullish momentum has yet to fully develop.At the same time, the number of Ethereum whales has seen a slight uptick, possibly in response to the White House Crypto Summit, as investors anticipate regulatory shifts or the potential inclusion of ETH in the U.S. strategic crypto reserves. For Ethereum to shift into an uptrend, it must break key resistance levels and sustain strong buying pressure.BBTrend Indicates Uptrend Has Yet to FormEthereum’s BBTrend has improved to -2.6 from -5.12 just a day ago. BBTrend, short for Bollinger Band Trend, is a technical indicator used to assess price trends and momentum by measuring price deviations from the moving average.A deeply negative BBTrend suggests strong bearish momentum, while a positive reading signals increasing bullish strength.For Ethereum to gain upward momentum, BBTrend needs to break above 0 and push into higher levels. Two days ago, it briefly turned positive, reaching 1.98 before reversing downward, signaling weak buying pressure.If BBTrend can surpass its previous high and maintain positive territory, it would confirm stronger momentum, increasing the likelihood of Ethereum sustaining a bullish trend.Whale Accumulation Increases, But Overall Trend Remains BearishThe number of Ethereum whales—addresses holding at least 1,000 ETH—has risen slightly to 5,768 from 5,762 on March 5. However, the overall trend remains downward, as there were 5,828 whale addresses on February 22.Tracking large investors is crucial, as whale activity often signals shifts in market sentiment. Accumulation typically reflects confidence in price appreciation, whereas distribution suggests potential selling pressure.The recent uptick in whale numbers may be linked to the White House Crypto Summit, with large investors positioning themselves ahead of potential regulatory developments and the possibility of ETH being added to the U.S. strategic crypto reserves.If whale accumulation continues to rise, it could indicate renewed confidence in Ethereum’s long-term outlook. However, for a stronger bullish case, sustained accumulation is needed to reverse the recent downward trend.Could the White House Crypto Summit Benefit Ethereum?Ethereum has struggled to reclaim the $2,300 level in recent days. Its EMA indicators still point to a bearish trend, with short-term moving averages remaining below long-term ones.If selling pressure intensifies, Ethereum could test support at $2,077, and a break below this level could push it further down to $1,996, reinforcing the bearish outlook.On the flip side, if Ethereum reverses course, it could challenge resistance at $2,550 and potentially climb to $2,855.A strong breakout above these levels could pave the way for ETH to reclaim the $3,000 mark, a level not seen since February 1, 2025, signaling renewed bullish momentum.

Ethereum remains under selling pressure, struggling to reclaim the key $2,300 resistance level. Technical indicators still suggest a bearish trend, with BBTrend showing signs of improvement but remaining negative, indicating that bullish momentum has yet to fully develop.

Ethereum (ETHUSD) Struggles to Break Above $2,300 Amid Bearish Pressure

President Donald Trump shared his intent to purchase a Tesla on Tuesday to support Elon Musk as the electric vehicle maker’s sales and share price face pressure from the CEO’s foray into global politics, most notably as head of Trump’s cost-cutting Department of Government Efficiency.“I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American,” Trump wrote in a post published early Tuesday morning on Truth Social.Trump said “radical left lunatics” are “illegally and collusively” boycotting Tesla, which the president described as one of the best automakers in the world. This action, Trump said, was meant as an attack on Musk and what he stands for.It is not illegal for consumers to boycott companies. The Supreme Court in 1982 ruled the First Amendment protects Americans’ rights to protest private businesses.Musk’s support of Trump in the run-up to last year’s presidential election and subsequent leadership in his government efficiency initiative has sparked backlash. Analysts have cited this reputational shift as a driver of trouble for the automaker’s stock, which posted its worst day since 2020 on Monday and is down 45% in 2025.Musk acknowledged the hit to his businesses in an interview Monday, saying he was running them “with great difficulty” because of his high-profile role with this administration. He told Fox Business that as head of DOGE, “you’re giving up your other stuff.”Reports of vandalized Tesla vehicles and dealerships, as well as protests, offered evidence of mounting opposition to Musk hitting a boiling point. A drop in European sales raised alarm that Musk’s presence as a political figure across the world was hampering the brand image.“When people’s cars are in jeopardy of being keyed or set on fire out there, even people who support Musk or are indifferent Musk might think twice about buying a Tesla,” Baird analyst Ben Kallo said Monday on CNBC’s “Squawk on the Street.”Trump said in his post that Musk is doing a “fantastic job” and “putting it on the line” to help the U.S. His comments follow a New York Times report last week that unveiled criticisms from Cabinet members of Musk’s government efficiency initiatives.Tesla shares popped more than 4% in Tuesday morning trading. In addition to Trump’s promotion of Tesla, the stock may also be helped by a note to clients from Morgan Stanley advising them to pick up shares after the steep decline.&nbsp;Cre: CNBC | Alex Harring

President Donald Trump shared his intent to purchase a Tesla on Tuesday to support Elon Musk as the electric vehicle maker’s sales and share price face pressure from the CEO’s foray into global politics, most notably as head of Trump’s cost-cutting Department of Government Efficiency.

Trump calls Tesla boycott ‘illegal’ and says he’s buying one to support Elon Musk

Gold (XAU/USD) has stabilized and rebounded after dropping more than $20 yesterday, currently trading around the $2,900 mark. Earlier, investor concerns over a potential U.S. economic downturn triggered broad-based declines across equities and commodities, with precious metals—especially gold—following suit.Market Sentiment and Key DriversGold held above $2,880 after sliding nearly 1% on Monday. Over the weekend, former U.S. President Donald Trump warned that the U.S. economy could face challenges before improving, emphasizing potential tariff adjustments in his trade policy. This fueled market concerns about a possible economic slowdown.As financial markets experienced sharp declines, some investors liquidated gold positions to cover losses in other asset classes, leading to short-term downward pressure on the metal.Despite recent volatility, gold has gained 10% year-to-date, setting new highs. The rally has been driven by uncertainties surrounding Trump’s policies, ongoing central bank purchases, and expectations that the Federal Reserve may further ease interest rates. Lower borrowing costs generally support non-yielding assets like gold.<img class="image_resized" style="width:50%;" src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20250311_Vang_phuc_hoi_giao_dich_quanh_2_900_USD_con_rat_nhieu_ho_tro_1_1165d177d7.jpg" alt="20250311 Vàng phục hồi giao dịch quanh 2.900USD, còn rất nhiều hỗ trợ 1.jpg">ETF Flows and Hedge Fund PositioningWhile higher gold prices have dampened physical demand in key Asian economies, inflows into gold-backed ETFs remain stable. According to Bloomberg data, gold ETF holdings reached their highest levels since December 2023 as of last week.However, some investors had already begun reducing gold exposure ahead of Monday’s sell-off. The latest data from the U.S. Commodity Futures Trading Commission (CFTC) shows that hedge funds' net long positions in gold have fallen to a nine-week low.Gold’s Long-Term Bullish Factors Remain IntactAlthough the recent correction appears broad-based, underlying support remains strong. Factors such as geopolitical risks, the potential for global trade conflicts under Trump’s policies, and expectations of Fed rate cuts continue to provide a favorable backdrop for gold.Focus on U.S. Inflation Data and Fed Policy ExpectationsInvestors are closely monitoring upcoming U.S. inflation data to gauge the likelihood of further Fed rate cuts:Consumer Price Index (CPI) – scheduled for release on WednesdayProducer Price Index (PPI) – scheduled for release on ThursdayMarkets have now fully priced in a Fed rate cut in June. Fed Chair Jerome Powell noted on Friday that it remains unclear whether Trump’s proposed tariffs would lead to higher inflation. Generally, lower interest rates enhance gold’s appeal, as they reduce the opportunity cost of holding the non-yielding asset.Technical Outlook: XAU/USD Price ActionOn the daily chart, gold found support at the previously highlighted $2,880 level and has since rebounded, currently trading near $2,900. A decisive break above this level would be seen as a bullish signal, with upside targets at the 21-day EMA, followed by resistance at $2,929 and $2,942.In the short term, gold remains in a consolidation phase, as depicted by two green trendlines. However, the medium-to-long-term outlook remains bullish, supported by an RSI holding above 50.Key Levels to Watch:Support: $2,880 – $2,868Resistance: $2,900 – $2,929 – $2,942As market participants await critical inflation data, gold’s near-term trajectory will likely hinge on Fed policy signals and broader risk sentiment.

Gold (XAU/USD) has stabilized and rebounded after dropping more than $20 yesterday, currently trading around the $2,900 mark. Earlier, investor concerns over a potential U.S. economic downturn triggered broad-based declines across equities and commodities, with precious metals—especially gold—following suit.

Gold Prices Stabilize and Recover After Sharp Decline

The US Department of Justice (DOJ) filed an antitrust lawsuit against Visa, alleging that the payment giant has stifled competition through various anti-competitive practices. The development on Tuesday sent Visa's stock price plummeting, with shares closing down approximately 5.5 per cent for the day, Reuters reported. &nbsp;<figure class="image image_resized" style="width:100%;"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/AA_1r9_Nt_U_cd213a71d7.jfif" alt="AA1r9NtU.jfif"></figure>The DOJ's lawsuit claims that Visa, which processes over 60 per cent of debit transactions in the United States, has maintained its market dominance through questionable agreements with card issuers, merchants, and potential competitors. These practices, according to prosecutors, have allowed Visa to collect around $7 billion annually in fees from debit transactions routed through its network, the report added.In response to the allegations, Julie Rottenberg, Visa's general counsel, defended the company's practices, stating, "When businesses and consumers choose Visa, it is because of our secure and reliable network, world-class fraud protection, and the value we provide." She added that the claims are without merit and that Visa intends to contest them vigorously, Reuters reported.The lawsuit is part of a broader initiative by the Biden administration to address rising consumer prices, a key issue in the upcoming presidential election. Attorney General Merrick Garland emphasized the far-reaching impact of Visa's alleged conduct, saying, “Visa's unlawful conduct affects not just the price of one thing, but the price of nearly everything,” per the Reuters report.According to the DOJ, Visa's anti-competitive behaviour began around 2012, following reforms that required card issuers to accommodate unaffiliated networks. The lawsuit alleges that Visa entered into agreements with potential fintech competitors like Apple, PayPal, and Square (now Block Inc.) to prevent them from releasing products that could threaten Visa's market position, the report added.The legal action seeks to prohibit Visa from imposing pricing structures that discourage competition and paying rivals not to compete. The DOJ aims to restore competition in the debit payment processing market for online and in-store transactions.This lawsuit is the latest in a series of legal challenges faced by Visa and its rival Mastercard over their dominance in the payment card market. Both companies have been involved in litigation for nearly two decades and have already set aside substantial funds for potential settlements related to interchange fees.As the legal battle unfolds, the outcome of this antitrust lawsuit could have significant implications for the payment processing industry and potentially lead to changes in how debit transactions are handled in the United States.

The US Department of Justice (DOJ) filed an antitrust lawsuit against Visa, alleging that the payment giant has stifled competition through various anti-competitive practices. The development on Tuesday sent Visa's stock price plummeting, with shares closing down approximately 5.5 per cent for the day, Reuters reported.

Visa stock plunges as US Department of Justice files antitrust lawsuit alleging market dominance

<ul><li>Stock market highs are expected to continue into 2025, according to Oppenheimer's Ari Wald.</li><li>In a note, Wald highlighted strong market breadth and healthy signs across various sectors.</li><li>Key sectors like industrials, financials, and technology look resilient, Wald said.</li></ul><figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/BB_1kbc_UL_25bd0eea6a.jfif" alt="BB1kbcUL.jfif"></figure>Record highs in the stock market are set to continue, as few signals suggest a top in equity prices is near.That's according to Oppenheimer managing director and technical analyst Ari Wald, who said in a note over the weekend that there are bullish "inflection points" in the underlying market."We continue to balance seasonal headwinds against our view that evidence of a major top is not compelling," Wald said.Wald said he is encouraged by the fact that the number of stocks on the New York Stock Exchange above their 200-day moving average is above 60%, which is a healthy sign for a market advance, as it shows that it's not just a handful of mega-cap tech companies driving the gains."We stress that market breadth remains constructive, and defensive leadership may represent a 'catch-up' into previous underperformers," Wald said.Wald said that based on the chart, traders can buy last week's breakout to new cycle highs in the S&amp;P 500, with a stop-loss set at the 5,650 level on a closing basis.A stop-loss is a risk management tool used by traders to automatically sell a security when a certain price is hit.For the S&amp;P 500, the 5,650 level represents potential downside of just 1%, while Wald's upside price target of 6,000 in the first half of 2025 represents potential upside of 5%.Wald's 6,000 price target for the S&amp;P 500 is based on the median bull market cycle."The S&amp;P 500 is up 64% over the 23 months between October 2022 and September 2024. Since 1932, the median bull cycle has gained 73% over a 32-month period," Wald said.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/BB_1m_H2ar_62ad2b62ac.jfif" alt="BB1mH2ar.jfif"></figure>Meanwhile, the average bull market cycle gain is 102% over a 34-month period.And if the current bull market follows the path of the average bull market, stocks could continue to rise through the end of 2025 with the S&amp;P 500 rising to around the 7,000 level.That 7,000 target aligns with a bullish prediction from Evercore ISI, which said in June that the AI craze could push stocks higher in 2025.Beneath the surface of the broad market, Wald said he is encouraged by the "right" leadership making new highs, including the Industrials sector."We view the cycle high for Industrials as confirmation of an intact bull market," Wall said.Record highs in the financials sector is another positive sign for the broader stock market, while the technology sector could be gearing up for its next big move higher, according to Wald.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/AA_1r3fur_0b47a01199.jfif" alt="AA1r3fur.jfif"></figure>"Technology is coming off an all-time high on both an absolute and relative basis in July. While the sector's relative trend has moderated, we still believe Technology represents one of the strongest long-term structures in the market," Wald said.Finally, Wald highlighted the healthcare sector as another area of the market that is showing resilience, even as it lags other sectors.While the healthcare sector is breaking out to new all-time highs, on a relative basis it is falling to new multi-year lows compared to the S&amp;P 500."We think the divergence between Health Care's absolute and relative trend speaks to the broadness of market breadth — even lagging sectors are rallying," Wald said.Similar scenarios are playing out in the communication services and materials sectors, according to the note.

Stock market highs are expected to continue into 2025, according to Oppenheimer's Ari Wald.

Why stocks have a lot more room to rally before hitting a peak, according to a technical analyst

Shares of Trump Media plunged to a new low Thursday — the day that former President Donald Trump and other major investors were finally allowed to sell their shares in the parent company of social media platform Truth Social.<figure class="image image_resized" style="width:100%;"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/AA_1q_R_Oc_I_a9436ab45e.jfif" alt="AA1qROcI.jfif"></figure>The company closed down nearly 6%, at $14.70, as the six-month lockup period preventing insiders from selling the stock expired after Trump Media merged with blank-check company Digital World Acquisition Corp to take it public.Trump, the majority owner with a 57% stake now valued at around $1.7 billion, said last week that he has no intention of selling his position — a move that would effectively devalue the stock.The Republican presidential nominee and other large investors, who collectively own more than 20 million shares, were free to sell the stock after the closing bell. Trump Media debuted on the Nasdaq to great fanfare in March, with the share price soaring to more than $60.But It has suffered volatile swings during his run for the White House as incumbent Joe Biden dropped out and Kamala Harris got the Democratic nomination.The latest polls show Trump and the Vice President are virtually tied in the major swing states.Trump launched Truth Social in February 2022 after he was banned from major sites such as Facebook and the platform formerly known as Twitter following the Jan. 6 attack on the US Capitol.He’s since been reinstated to both — and endorsed by X owner Elon Musk — but he still mostly posts on his own platform.While Truth Social sought to capitalize on the outrage over Trump’s bans, it has struggled gaining traction.The platform had less than 1 million daily active users as of April, according to data from Similarweb.

Shares of Trump Media plunged to a new low Thursday — the day that former President Donald Trump and other major investors were finally allowed to sell their shares in the parent company of social media platform Truth Social.

Trump Media stock sinks as former president can finally sell his shares

As Tesla's stock price crashes, frustrated investors are yearning for their CEO back.As you may have heard, Elon Musk has instead been in Washington, DC, overseeing a cost-cutting government overhaul. As he's worked to scrap entire agencies and lay off thousands, the company's stock has slipped. Shares have been down each of the past seven weeks that Musk has been in Washington.The cumulative damage is stunning. At Monday lows — amid a 4% sell-off for the tech-heavy Nasdaq — Tesla stock plunged 15%, its biggest single-day drop since September 2020.Tesla stock has plummeted 55% from a mid-December record high and is down more than 40% year to date.Much of the angst among Tesla investors stems from concerns that Musk doesn't appear to be committing enough time to the company in his CEO role — at least compared to his prior level of involvement.Musk, who famously slept on the floor of Tesla's factories during hard times, has reportedly been sleeping on the floor of his DOGE government office, just steps from the White House.In addition to leading SpaceX, X, xAI, and Neuralink, Musk is also an avid gamer and the father of more than 10 kids.Another fundamental issue dragging on Tesla — plummeting vehicle sales in locations like Europe and China — and investors haven't had a lot to be excited about.<img class="image_resized" style="width:50%;" src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20250311_Gia_Co_Phieu_Tesla_Lao_Doc_Nha_Dau_Tu_Muon_Elon_Musk_Tu_Chuc_CEO_vao_Nam_2025_1_e7e3f933f3.jpg" alt="20250311 Giá Cổ Phiếu Tesla Lao Dốc Nhà Đầu Tư Muốn Elon Musk Từ Chức CEO vào Năm 2025 1.jpg">Tesla investors aren't thrilledThe retail stock-trading platform StockTwits can be a gauge of investor dissatisfaction with Musk's non-Tesla activities.A recent (unscientific) poll on the site asked, "Is Musk's White House focus hurting Tesla?" About 60% of respondents said "Yes - Tesla needs his focus," while 25% said no, citing media hype for fueling the narrative, and the remaining 15% blamed non-Musk forces.Garrett Nelson, a senior equity analyst at CFRA Research, said his firm senses investor frustration."We think shareholders have legitimate concerns about Elon Musk being spread too thin, and it's become clear he's now spending more time on DOGE than anything else," he told BI.Nelson, who believes Musk's focus on DOGE is unlikely to conclude until the middle of 2026, has a simple solution: promote someone.The company needs to "elevate a member of senior management to take on additional responsibilities to keep Tesla on track with its near and intermediate-term goals," he said.But that might not be enough for one longtime Tesla investor, Ross Gerber.Tesla is stumbling and analysts think Elon Musk's politics are to blameIn a February interview, Gerber told BI that Musk has damaged Tesla's brand and that the "simplest solution" would be for him to step back entirely from day-to-day operations. He thinks someone else should be hired as CEO."The truth of the matter is the company should be run by somebody who isn't so political and can bring the brand back, if that's possible," Gerber said.The catch-22However, Nelson and Gerber said there's a risk that Tesla's stock could continue to decline if Musk stepped down as CEO."If you're a Tesla shareholder, you're caught in a catch-22, whereby Musk's presence accounts for a significant percentage of the company's value, but his presence is also starting to weigh on the company's brand perception and financial performance," Nelson said.Gerber estimated that "about $150 to $200 per share" of Tesla is based on Musk's presence. Tesla was trading above $300 a share when Gerber made that comment on February 26.For Dan Ives, a research analyst at Wedbush and a longtime bull on Tesla stock, it doesn't matter. He says there's no chance Musk would ever step down."Musk is going to be CEO of Tesla for at least the next five to seven years and likely longer," Ives told BI last week.Ives argued that Tesla is in its most innovative period of the past five years and the stock's future value hinges on its autonomous and robotics developments rather than its EV sales."Many times over the last 15 years, Musk has been counted out and so has Tesla, and we view this as no different," Ives said.Credit: Business Insider | Mathew Fox

As Tesla's stock price crashes, frustrated investors are yearning for their CEO back.

With the stock cut in half, Tesla investors want their CEO back

In the ever-evolving financial market, choosing a reputable trading platform is more crucial than ever. Recently, InfoFinance received information from the St. Vincent and the Grenadines Financial Services Authority (FSA) about the trading platform Analystque, a name that is raising concerns but is not legally registered.<h2 style="text-align:justify;">Warnings from many financial organizations all around the world</h2><h3 style="text-align:justify;">Not Registered in St. Vincent and the Grenadines</h3>According to the announcement from the FSA, Analystque is not a licensed entity operating in St. Vincent and the Grenadines. Furthermore, the UK’s Financial Conduct Authority (FCA) has indicated that this platform is believed to be providing financial services in the UK without the necessary authorization. This situation poses significant risks for investors considering trading on this platform.<h3 style="text-align:justify;">Warning from IOSCO</h3>The information does not stop there. The International Organization of Securities Commissions (IOSCO) has also issued alerts against Analystque. This indicates that international financial regulatory bodies are closely monitoring the activities of this trading platform, and users need to exercise greater caution when engaging with it.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/infofinance_canh_bao_scam_0c81367fdd.jpg" alt="infofinance cảnh báo scam"><figcaption>Warning on <a href="https://svgfsa.com/warning-notice-analystque/">https://svgfsa.com/warning-notice-analystque/</a>&nbsp;</figcaption></figure><h2 style="text-align:justify;">Why Analystque is raising concern?</h2><h3 style="text-align:justify;">&nbsp;No Forex/Broker Licenses Issued</h3>A crucial point to note is that the FSA does not issue licenses for Forex or brokerage firms in this jurisdiction. The authority only ensures that business companies (BCs) comply with the regulations under the Business Companies (Amendment and Consolidation) Act. Therefore, if a company operates in the Forex or brokerage sector, it must obtain a license from the jurisdiction where its clients are located.<h3 style="text-align:justify;">Potentially Forged Documents</h3>The FSA also warns that any documents presented by Analystque, claiming to be registered or licensed, may be fraudulent. Investors should not trust these documents, as they can lead to unsafe transactions and significant risks.<h2 style="text-align:justify;">Safe Investment with InfoFinance</h2>InfoFinance advises all investors to exercise caution and take necessary steps to protect themselves from fraudulent activities. Before making any investment decisions, always verify the information about the trading platform and conduct thorough research into its legality.We also encourage you to visit the FCA and IOSCO websites to learn more about how to safeguard yourself in the financial sector.Choosing a reputable trading platform is vital to ensuring the safety of your assets. Analystque is not only unlicensed but has also been flagged by multiple financial regulatory authorities. Always remain vigilant and informed when making investment decisions!

Important Warning from InfoFinance Regarding Analystque


Recently, InfoFinance has received numerous complaints from investors regarding fraudulent activities and scams associated with MHMarkets Vietnam. Despite promises of attractive returns and claims of being a reputable international trading platform, the reality tells a different story. Many accounts have been "wiped out" in a short period without any satisfactory explanation from the broker. In light of this situation, InfoFinance has issued an official warning, advising investors to be cautious and avoid MHMarkets to mitigate the risk of financial loss.<h1 style="text-align:justify;">Nearly 200 Million VND Vanishes from an MHMarkets Vietnam Account</h1>A victim, who wishes to remain anonymous for personal safety, shared their bitter experience with InfoFinance after being defrauded by MHMarkets Vietnam. The victim recounted being persuaded by an old classmate to invest in the Forex market through MHMarkets. The investment offer was enticing, promising extraordinarily high returns – the capital was expected to double in just 1.5 months. Trusting these promises and promotional claims that MHMarkets was a reputable international broker, the victim deposited nearly 200 million VND into a trading account.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/Thiet_ke_chua_co_ten_dcd568f0ba.png" alt="Thiết kế chưa có tên.png"></figure>Initially, MHMarkets executed trades with a profit-sharing model of 30% to the victim and 70% to the broker. However, within less than a month, the entire balance in the victim’s account mysteriously disappeared. Upon realizing this, the victim contacted the broker for an explanation and attempted to recover the lost funds, but all efforts proved futile. Currently, the victim is seeking assistance from authorities and the investment community, hoping to recover the lost money. This case serves as a harsh lesson for the individual and a warning to other investors about the hidden risks of engaging with unclear trading platforms.<h1 style="text-align:justify;">InfoFinance’s Warning: Be Wary of MHMarkets and Other Scam Tactics</h1>InfoFinance advises investors to be particularly cautious when dealing with brokers of dubious origins and credibility, such as MHMarkets. Experience has shown that engaging with unlicensed or non-transparent platforms can lead to significant risks, including total loss of assets. To safeguard their interests, investors should thoroughly verify the legality and reputation of a platform before making any investment decisions.InfoFinance emphasizes that no legal Forex or Broker licenses have ever been issued in St. Vincent and the Grenadines, a common registration location for many fraudulent brokers. This is a clear red flag regarding the transparency and trustworthiness of MHMarkets and similar trading platforms.<h1 style="text-align:justify;">How to File a Complaint Against Brokers on InfoFinance</h1>To help investors protect their rights, InfoFinance offers a transparent and straightforward process for reporting fraudulent brokers. Investors can file complaints through the following steps:<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/Screenshot_2024_09_23_at_23_55_26_bfe52f48dd.png" alt="Screenshot 2024-09-23 at 23.55.26.png"></figure><ol><li>Visit the official InfoFinance website at infofinance.com.</li><li>Select the "Report Broker" section on the homepage.</li><li>Click "Send Report" to initiate the complaint process about any issues encountered.</li></ol>Each complaint is handled by InfoFinance’s senior experts, who closely monitor and assess the situation. The experts will conduct direct inspections of the broker’s business registrations and evaluate their transparency. With a strict and legally grounded process, InfoFinance is committed to delivering justice for investors and ensuring market transparency.

Recently, InfoFinance has received numerous complaints from investors regarding fraudulent activities and scams associated with MHMarkets Vietnam. Despite promises of attractive returns and claims of being a reputable international trading platform, the reality tells a different story. Many accounts have been "wiped out" in a short period without any satisfactory explanation from the broker. In light of this situation, InfoFinance has issued an official warning, advising investors to be cautious and avoid MHMarkets to mitigate the risk of financial loss.

InfoFinance Warns Against MHMarkets: Exposing Fraudulent Practices

Many victims have come forward to expose Basel Markets' sophisticated schemes to swindle investors out of their assets. One notable case recorded by Info Finance involves an investor who was deceived after trusting the invitations from a woman named Bao Ngoc. Below are the details of the case and how Info Finance can assist you in filing a complaint.<h1>Basel Markets: A Fraud Scheme by a Trusted Individual</h1>According to a report from the victim, the investor started trading with Basel Markets through the recommendation of a woman named Bao Ngoc. After long conversations and building trust, Bao Ngoc persuaded the investor to join this trading platform. Initially, trading went smoothly with small profits, giving a false sense of security and trust.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/screenshot_1726805529880_44c509ed00.png" alt="screenshot-1726805529880.png"><figcaption>Link: <a href="https://www.facebook.com/groups/364931191673961/posts/933989994768075">https://www.facebook.com/groups/364931191673961/posts/933989994768075</a>&nbsp;</figcaption></figure>However, the issue arose when Basel Markets placed large trades automatically without the investor’s consent. This led to a negative account balance of $7,000, causing significant financial damage. The investor admitted to trusting unfamiliar people too easily but also highlighted that the fraudsters spent considerable time gaining trust before luring them into the investment.<h1>Signs of Fraud from Basel Markets</h1>This case is not an isolated one, as many other investors have encountered similar situations while trading with Basel Markets. The following signs may help identify a fraudulent platform:<ul><li>Manipulation through personal brokers: Basel Markets uses individuals or brokers to build trust with investors and then lead them into trading with the platform.</li><li>Unauthorized automatic trading: The platform places large trades automatically without the investor’s permission, resulting in significant financial losses.</li><li>No response to complaints: When investors encounter issues, they receive no support or response from Basel Markets, further confirming the platform’s fraudulent nature.</li></ul><h1>Safe Investing with Info Finance</h1>If you have any complaints about a trading platform, follow these steps to submit a report to Info Finance for timely assistance:Step 1: Visit Info Finance's official website at<a href="https://infofinance.com/">&nbsp;https://infofinance.com/</a> Step 2: Click on "Report Broker/ File a Complaint" on the homepage. Step 3: Select "Send Report" to start reporting the issues you’re facing.Thank you for following the news with Info Finance. Don’t forget to follow InfoFinance's fanpage for the latest updates. If you need support during trading or dealing with a platform, please contact Info Finance through the following channels:Support: CS@infofx.vn Hotline: 0904 096 829 / 0931 085 659

Many victims have come forward to expose Basel Markets' sophisticated schemes to swindle investors out of their assets. One notable case recorded by Info Finance involves an investor who was deceived after trusting the invitations from a woman named Bao Ngoc. Below are the details of the case and how Info Finance can assist you in filing a complaint.

Info Finance | Top Complaint Settlement Center in Vietnam

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