Today: 5. Nov, 2024
After enduring a difficult period, Wall Street saw a modest uptick on Friday, though it still marks the third consecutive week of losses. Midday trading showed the S&P 500 increasing by 0.5%, partially recovering from a significant decline spurred by investor concerns…
Volkswagen and Renault, two of Europe’s prominent car manufacturers, experienced a significant dip in their shares after UBS analysts advised investors to offload these stocks. The rising dominance of Chinese car manufacturers was a primary concern. By late Friday, Volkswagen’s shares had…
Currently, US Treasury rates are surging. This spells trouble for the stock market and potential homebuyers. Recently, the US 30-year Treasury bond yield soared to its peak since 2011, while the 10-year note saw its best performance since October 2022. When bond…
After navigating through a period of market uncertainty in the previous year, the stock market has reemerged with renewed vigor in 2023. One of the driving forces behind this revival is the remarkable advancement of artificial intelligence (AI), propelling select contenders in…
The U.S. just underwent its second credit rating downgrade, but experts see no significant long-term impact on the stock market. A highly unusual downgrade of the U.S. government’s credit rating led to a stock market selloff on Wednesday. However, analysts anticipate the…
Amazon’s digital commerce showed signs of resurgence in the quarter ending in June, despite broader economic lethargy and hesitant consumer spending in recent months. According to the company, this surge was credited to CEO Andy Jassy’s initiative to enhance the efficiency and…
Asian equity markets exhibited a mixed performance on Friday following a third consecutive day of Wall Street slump in response to a hike in British interest rates. Indices in Shanghai and Hong Kong made gains while Tokyo’s index retreated. Oil prices showed…
In response to the U.S. long-term credit rating being downgraded by Fitch Ratings, global stock markets saw a significant decline on Wednesday. Nevertheless, renowned economists maintain a calm outlook. On Tuesday, Fitch, a recognized rating agency, demoted the U.S. long-term foreign-currency issuer…
As Wednesday witnesses a slump in stocks, Wall Street continues to lose pace after an impressive performance throughout the year. In the afternoon trading session, the S&P 500 saw a drop of 1.2%, on track for a consecutive loss after attaining a…
Monday saw stocks taking a steady course, with Wall Street heading towards the completion of another successful month. As of midday, the S&P 500 was 0.1% higher, poised for its fifth consecutive month of profits, the longest gain streak in almost two…
