Today: 5. Nov, 2024
US stocks faced a sharp decline on Wednesday as mounting concerns about political uncertainty, rising Treasury yields, and underwhelming tech performance weighed heavily on investor sentiment. All three major indexes—Nasdaq, S&P 500, and Dow—closed in the red, signaling heightened market fragility and…
September started negatively for Wall Street as the main indexes declined over 1% on Tuesday. Investors were cautious, focusing on the latest economic data, remarkably subdued factory activity reports, and looking ahead to a series of labor market updates that could influence…
As Wall Street gears up for a critical week filled with economic reports and a pivotal Federal Reserve meeting, investors faced a day of mixed fortunes on the stock market. The S&P 500 slightly dipped by 0.1% despite hovering near last week’s…
As inflation fears grip the market, Wall Street remains resolute in its optimism, banking on robust earnings to fuel the resilient stock rally. A recent inflation print has dashed hopes for imminent interest rate cuts, redirecting attention to the bedrock of corporate…
Snap Inc has recently announced a significant reduction in its workforce, amounting to approximately 10% of its employees globally, which translates to around 500 job cuts. This announcement comes amidst a larger trend within the tech industry, where companies have been implementing…
As the post-pandemic economy takes shape, concerns are growing over the threats to sustained economic growth. Despite a temporary boost from stimulus packages, productivity growth remains sluggish, and the wages share of the economy lingers near record lows in many developed nations.…
