Global Stock Market

About 29 Democrats in the House are calling for US President Joe Biden to step down. However, some top Democrats privately believe that the rising pressure of party congressional leaders and close friends will persuade Biden to quit the presidential race as soon as this weekend. The 81-year-old president remains …

The tech industry is experiencing a severe decline, which has been negatively impacting the stock market. In the upcoming week, GE Aerospace, Tesla, ServiceNow, and Alphabet, the parent company of Google, will all be releasing their earnings results. Amid issues with chips, the CrowdStrike IT failure, and other issues, the …

A seemingly routine software update from cybersecurity firm CrowdStrike unleashed a wave of chaos on Friday, causing widespread disruptions to critical computer systems worldwide. The malfunctioning update impacted a multitude of industries and services, from grounding flights and silencing broadcasters to disrupting banking and healthcare operations. The culprit behind the …

Asian stock markets experienced a broad decline on Friday, fueled by persistent worries over a potential trade war between the U.S. and China. The technology sector led the losses, despite positive earnings from TSMC, as investors continued to rotate out of tech stocks and into economically sensitive sectors. Key Takeaways: …

On Thursday, US stocks experienced significant losses after profit-taking triggered by the desire to benefit from the recent gains they had achieved over the past few days. This came in the wake of increasing expectations of an interest rate cut by the Fed in September. The recent surge in stock …

Tesla’s stock defies typical analysis. While most companies see their value tied to financial performance, Tesla’s price is heavily influenced by excitement for its future prospects and the bold pronouncements of its CEO, Elon Musk. This has resulted in a stock price as volatile as a California wildfire, though it …

U.S. stock index futures tumbled on Wednesday, with the Nasdaq 100 leading the decline, as investors offloaded megacap tech and chip stocks and shifted their focus to previously underperforming areas of the market, such as small-cap stocks. Major tech companies like Apple, Microsoft, and Alphabet all saw their shares drop …

Dow Jones surged 1.7% in a single trading day as rate cut hopes accelerate. Easing US Retail Sales data reignited market bets of a September rate cut. Dow Jones sets a new record high for a second day in a row.Dow Jones surged to a second record-setting day in a …

Higher consumer interest rates continued to hurt profitability in the US banking sector, as Bank of America said on Tuesday that its Q2 profit decreased 6.8% from the same period last year. Nonetheless, as total earnings exceeded analysts’ projections, the stock surged more than 4%, surpassing the S&P 500’s 0.2% …

For most investors, Morgan Stanley’s Q2 earnings release painted a mixed image. Despite the bank’s total performance exceeding forecasts, a critical area of concern kept Wall Street’s response subdued.Investment Banking SoarsMorgan Stanley’s investment banking segment was its strong point. Due to an increase in dealmaking activity, this segment—which assists businesses …