Global Stock Market

Amazon announced on Monday plans to shut down a center complex in Shakopee and lay off 680 employees at the facility which is a rented space and the lease is expiring. The decision will be effective as of March 31. Closure will be permanent at the end of May this …

Amid widespread risk aversion, Dow Jones futures fell on Monday morning, along with S&P 500 futures and Nasdaq futures, signaling a pullback following big gains in the latest trading sessions. The stock market rally cleared some major resistance last week. The major indexes had solid gains, responding bullishly to uneven …

The Dutch company Philips, which specializes in health technology, said on Monday, January 30, that it will cut 6,000 jobs to restore its profitability after withdrawing respirators that stopped 70% of their market value. The company said half of the job cuts will take place this year, while the other …

The Nikkei index ended trading on Monday at the highest level in more than a month, tracing the impact of gains on Wall Street in the previous session, but what limited those gains was the anticipation of the markets before a meeting of the Federal Reserve and the announcement of …

US equities advanced on Friday, marking the end of trading week that was full of key economic data as well as earnings results signaling weakening demand but also economic flexibility with only a few days apart from Fed’s policy decision next week.All three major US stock indexes ended Friday’s US …

On Friday, the Japanese Nikkei index recorded its biggest weekly jump in more than two months, with the index recouping all its losses since the Bank of Japan’s sudden adjustment to one of its policies last month, but caution about local earnings limited gains. The Nikkei index rose 0.07 percent …

The dollar fell against the Japanese yen on Friday, as traders bet that the Bank of Japan’s monetary policy tightening is still imminent. The dollar also fell to approaching a nine-month low against the euro, amid expectations in the market that the European Central Bank will announce next week an …

Southwest Airlines reported deeper losses than Wall Street’s dimmer expectations predicted, throwing heavy shadows on the reporting season for US major air carriers.Earlier on Thursday, Southwest and American Airlines reported their Q4 results, with Southwest losing an adjusted 38 cents a share, compared with consensus adjusted losses of around 7 …

Japan’s Nikkei index snapped a four-session winning streak on Thursday, with shipping companies leading the decline, as investors around the world await US economic data that could influence the path of the Federal Reserve’s interest rate hike. The Nikkei index closed down 0.12 percent at 27,362.75, after rising 0.4 percent …

US stocks fell on Wednesday after the latest corporate earnings that fueled existing concerns that some of the most outstanding US companies are struggling amid successive rate hikes and recession concerns.The Dow Jones Industrial Average snapped three days of gains, last down 80 points, or 0.24%. The Nasdaq Composite retreated …