U.S. stock had a mixed day on Wednesday, with tech-heavy Nasdaq Composite having its worst performance since 2022, the benchmark S&P 500 falling by 1.4%, and blue chip Dow Jones Industrial Average setting another record.
Tech stock fell sharply on concerns that chip exports to China will come under even...
Stock futures opened at a low on Thursday morning, following an underwhelming close on Wednesday evening after a selloff during the regular session. This comes after each of the three major U.S. indexes dropped by their largest margins in the last three months.
This poor performance occurred in light of...
Many investors have recently been cautious about the plane maker giant Boeing due to its slumping stock, 35.5% down year to date and the company’s mounting debt. However, investment firm CFRA Research analyst Colin Scarola argues that now is the right time to buy the shares of Boeing as...
Global shares rose on Tuesday, thereby recovering from Monday's losses despite concerns revolving around China's tightening approach to Covid after a surge in the nation's virus cases. The stock market rise largely indicates that investors are expressing a risk appetite that outweighs Covid concerns.
The MSCI All-World index of shares...
U.S. and European equities were largely muted on Monday as investors geared up to face a busy week of economic data, among which is the Federal Reserve's preferred inflation measure. Futures listed on the S&P 500 and Nasdaq 100 were largely unchanged, while those on the Dow Jones Industrial...
With lenders posting strong half-year earnings, campaigners are urging the new prime minister to tax bank profits more heavily, while banks warn the move could curb lending and weaken growth.
According to the report, the president’s support for crypto has helped bring the industry into the mainstream even as critics warn that the move could expose the financial system to new risks.
Asian stocks were mixed on Tuesday after New York stocks reached a 15-month peak before closing for the 4th of July holiday.
Japan's Nikkei 225 fell 0.9% to 33,445.55 while Hong Kong's Hang Seng rose 0.4% to 19,393.33. The Shanghai Composite Index remained relatively unchanged at 3,243.86.
South Korea's Kospi declined...
SoftBank Group Corp. reported a 1.93 trillion yen ($17.7 billion) quarterly profit for the three-month period ending March 31st, resulting in the company setting the record for the largest ever net quarterly profit for a Japanese company. According to data, the majority of the conglomerate company's profit was generated...
With online spending on Black Friday rising by 21.6% to $9 billion this year, Cyber Monday has been projected to be the biggest online shopping day to date. With sales estimates being projected to be anywhere between $10.8 billion and $12.7 billion, the NYSE has seen some major movements...