US House Speaker Kevin McCarthy announced on Wednesday that they are sending their negotiators to the White House to try and wrap up the debt-limit negotiations. McCarthy continued by pointing out that there were still disagreements on expenditure, but he added that he believed they might advance today. After these …
Read More »US stocks tumble on debt ceiling uncertainty
The Wall Street indexes were down on Tuesday as negotiations to raise the US debt ceiling continued, putting investors on edge about the possibility of a historically large government default. According to S&P Global statistics, the US economy experienced significant growth in the services sector in May, driving business activity …
Read More »Japan’s Nikkei index retreated from its highest level in 33 years
Japan’s Nikkei index fell sharply on Tuesday after reaching a 33-year high, with some investors rushing to sell stocks to lock in profits, after the index posted eight straight days of gains. The Nikkei index started the day’s trading strongly and reached a new peak at 31352.53 points, a level …
Read More »Wall Street mixed as investors focus on debt ceiling talks
Wall Street closed mixed on Monday, with the Nasdaq helped by gains in Alphabet and Meta Platforms, while the S&P 500 ended near flat as investors refrained from big bets ahead of a fresh round of talks about raising the U.S. debt ceiling.President Joe Biden and top congressional Republican Kevin …
Read More »The Nikkei index closed higher for the eighth day
The Japanese Nikkei index closed higher on Monday, extending its gains for the eighth consecutive session, at a time when investors continue to buy local stocks with discounted prices, amid optimism about companies’ efforts to enhance investor returns. The Nikkei index reversed course, jumping 0.9 percent to 31,086.82 points, its …
Read More »Nikkei index reaches the peak of the economic “bubble” era in Japan
Japan’s Nikkei index rose on Friday to its highest level since August 1990, during what is known as the country’s economic “bubble” era, driven by a combination of positive factors such as strong earnings, an economy showing signs of recovery and optimism about US debt ceiling talks. The Nikkei index …
Read More »Alibaba’s fourth-quarter revenue rises 2%
Alibaba Group Holding Ltd said on Thursday that its fourth-quarter sales increased by 2%, falling short of forecasts. The 208.20 billion yuan ($30.12 billion) in revenue for the three months ended March compared to a Refinitiv average forecast of 210.3 billion yuan based on 26 analysts. Chinese consumer spending has …
Read More »Target’s earnings better than feared as shoppers focus on basics
Target Corporation climbed on Wednesday after seeing a brief decline following the Q1’s earnings report, as analysts noted that the results were better than pessimistic projections had suggested.Target’s sales declined in the most recent quarter as consumers ceased routinely splurging on trendy clothing, home goods, and other things that account …
Read More »Wall Street’s big tech is back on Wednesday
On Wednesday, Wall Street’s Big Tech will return.As investors continue to employ the strategies that have been successful for them over the previous ten years, the tech sector continues to be the primary driver of the major US stock indices. Investors are still primarily focused on discussions regarding lifting the …
Read More »The Japanese economy grew 1.6% year on year in the first quarter
Government data showed that the Japanese economy grew by 1.6% on an annual basis in the first quarter of the year, as strong private consumption and an unexpected increase in capital spending offset the decline in external demand. The GDP figures for the first quarter far exceeded economists’ median estimate …
Read More »