Palantir Slumps After Citron Targets Valuation Palantir’s stock slid 9% on Tuesday to $157.91, giving back the strong gains it had posted earlier this month after beating Wall Street expectations and raising its full-year guidance. The drop marked the company’s fifth straight session in the red, leaving shares down 15.5% since August 13. The slide coincided with a fresh short report from Citron Research, which argued that Palantir is trading at unsustainable levels. Citron pointed to OpenAI’s $500 billion valuation, noting that if Palantir’s stock were valued on a similar price-to-sales basis, shares would be closer to $40 — a steep fall from their recent highs above $159. For Palantir, which has become a retail favorite in the AI-fueled rally, the critique has rekindled the debate over wh
The Pakistan Stock Exchange hit a historic milestone as the benchmark index surged to 124,012 points, setting a new all-time high. A bullish trend at Wednesday’s opening led to a sharp 1,987-point jump, continuing the positive momentum from the previous day, which brought massive gains for investors. Meanwhile, the US dollar weakened slightly in the interbank market, dropping by 21 paisa and trading at Rs282, according to the Pakistan Exchange Companies Association. The combined rally in stocks and currency stability reflects growing investor confidence and economic optimism.
USD vs SGD As of May 24, 2025, the exchange rate is: 1 USD = 1.2872 SGD One year earlier, on May 24, 2024, the exchange rate was: 1 USD = 1.3502 SGD This represents a decrease of approximately 4.67% in the USD to SGD exchange rate over the past year, indicating a strengthening of the Singapore Dollar against the US Dollar. USD vs MYR As of May 24, 2025, the exchange rate for the US Dollar (USD) to the Malaysian Ringgit (MYR) is: 1 USD = 4.2800 MYR One year earlier, on May 24, 2024, the exchange rate was: 1 USD = 4.7045 MYR This reflects a decrease of approximately 9.02% in the USD to MYR exchange rate over the past year, indicating a strengthening of the Malaysian Ringgit against the US Dollar. SGD vs MYR As of May 24, 2025, the exchange rate between the Singapore Dollar (SGD) and the Mala