After what OpenAI referred to as a “major outage” earlier today that affected millions of users globally, ChatGPT seems to have recovered. But it appears that the chatbot is having problems once more, as OpenAI reports that it is “unavailable for some users” once more. Reports of today’s ChatGPT issues …
Read More »Asian Markets Dip on India Election Results and U.S. Economic Concerns
Asian share markets experienced a downturn on Tuesday as global investors awaited the official results of India’s general election and assessed the potential weakening of the U.S. economy’s exceptionalism amid further decline in manufacturing activity. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.4%, despite mild gains in U.S. …
Read More »Why have some of Warren Buffett’s shares dropped by 100%?
On the opening day of the new trading week, there were trading disruptions on the New York Stock Exchange due to a technical issue that resulted in the suspension of trading in certain blue-chip companies and large losses for other equities during Monday’s session.The most severely impacted company by this …
Read More »Dow Jones retreats following ISM PMI
Investors’ growing concerns regarding weakening US data have caused the Dow Jones to reverse. Bets on a November Fed rate drop have taken over in the markets. With a steep decline in stocks on Monday, NFP week officially begins. Investors pulled back after the US ISM Manufacturing Purchasing Managers Index …
Read More »New York Stock Exchange Faces Technical Issue Impacting Tens of Stocks
The New York Stock Exchange said that technical issue is related to a mechanism designed to prevent stock prices from swinging wildly.On Monday, the New York Stock Exchange said Monday’s technical issue is related to a mechanism designed to prevent stock prices from swinging wildly as Berkshire Hathaway and dozens …
Read More »Dow Jones rebounds after a heavy week of losses
Dow Jones rebounds from lows near 38,000.00 after heavy backslide. Market sentiment recovering as rate cut hopes rise once again. US PCE Price Index inflation cools faster than expected. The Dow Jones Industrial Average (DJIA) rebounded nearly 580 points on Friday as investor sentiment turned higher after US Personal Consumption …
Read More »Dell Stock Plunges on AI Investment Impact, Dampening Profit Outlook
Dell Technologies shares suffered a significant drop of around 14% in premarket trading on Friday, following the company’s announcement that substantial investments in artificial intelligence (AI) technology are expected to weigh on its quarterly profit. This sharp decline could wipe out more than $17 billion of Dell’s market value if …
Read More »Asian Markets See Modest Gains Amidst Focus on US Inflation, Chinese Stimulus Hopes
Asian stocks experienced slight gains on Friday as investors turned their attention to the upcoming U.S. PCE inflation data, a key indicator that could influence the Federal Reserve’s interest rate decisions. Meanwhile, Chinese markets advanced despite weak economic data, as hopes for further stimulus measures provided a boost. Regional stocks …
Read More »PCE Preview: Will Fed’s Hawkish Stance Continue?
Inflation is widely expected to record a slowdown in price growth in the United States, which could pave the way for the Federal Reserve to seriously consider cutting interest rates later this year.Meanwhile, US consumer income and spending readings may record signals that the US economy is not moving at …
Read More »Dell stock falls 8% despite positive Q1 earnings, revenues
Dell Technologies’ stock fell -8% in after-hours trading on Thursday, despite an all-around earnings beat in its first quarter. The company reported $22.24 billion in revenue and gains of $1.27 per share, beating analysts’ expectations by a large margin. Dell shares are up by over 120% year-to-date. The company’s earnings …
Read More »