U.S. President Donald Trump on Tuesday signed a sweeping spending package into law, bringing an end to a partial government shutdown after just three days, while setting up a new funding deadline for the Department of Homeland Security (DHS) in two weeks’ time. The administration and Republican leaders moved quickly …
Read More »AI’s Legal Shockwave: How One Tool Triggered Sudden Sell-Off in Legal Tech Stocks
The tech world has long predicted that AI would eventually come for the “white-collar” sectors, but few expected the disruption to hit this hard or this fast. This week, the legal-software market didn’t just stumble—it plummeted. As the broader markets faced a sea of red, with the Nasdaq dropping 1.55% …
Read More »Dow Jones Wavers as Palantir Rockets, PayPal Crashes and Gold Shines Again
AI Winners, Earnings Losers, and a Market Caught in BetweenUS stocks delivered a mixed performance on Tuesday as investors navigated a flood of earnings reports alongside fresh uncertainty around delayed economic data. The Dow Jones Industrial Average slipped slightly, while the S&P 500 and Nasdaq edged higher, supported by renewed …
Read More »U.S. Stock Futures Steady as Investors Brace for Earnings Deluge
U.S. stock index futures were little changed on Tuesday following recent bouts of volatility, as investors prepared for a heavy week of quarterly earnings that could shape near-term market direction. At 05:45 ET (10:45 GMT), Dow Jones futures slipped 15 points, or 0.1%, while S&P 500 futures edged 0.2% higher …
Read More »Fresh Signs of Weakness: China Slowdown Pressures Markets
New economic data from China pointed to a sharper-than-expected slowdown at the start of the year. The manufacturing purchasing managers’ index fell to 49.3, remaining below the 50 level that separates expansion from contraction and missing market expectations. At the same time, the services PMI declined to 49.4, marking its …
Read More »Nvidia Shares Wobble Amid Uncertainty Over OpenAI Funding
Nvidia stock dipped Monday as investors digested conflicting reports about the company’s plans to fund OpenAI, the artificial intelligence startup. Earlier news suggested that Nvidia’s proposed $100 billion investment, announced last September, could be on hold, raising questions about both the scale and timing of the commitment. The uncertainty comes …
Read More »Wall Street Kicks Off February Strong as Manufacturing Rebounds and Risk Appetite Returns
U.S. stocks opened the new month on a firm footing, with major indexes posting solid gains as fresh signs of strength in the manufacturing sector helped revive investor confidence. The rally came after a turbulent end to January that saw sharp swings in precious metals and cryptocurrencies, underscoring how quickly …
Read More »Disney Beats Expectations as Theme Parks Power Growth Despite Rising Costs
Disney opened its fiscal year with results that topped market expectations, driven by a standout performance in its theme parks and experiences business. However, higher operating costs across several divisions weighed on overall profits, highlighting a mixed but resilient start to the year for the entertainment giant. Parks deliver record …
Read More »Gold Extends Pullback After Record Rally as JPMorgan Stays Bullish on Medium-Term Outlook
Gold prices extended their sharp pullback on Monday, falling to $4,677.17 an ounce by 04:50 GMT after earlier sliding more than 5% to their lowest level in over two weeks. The decline comes just days after bullion surged to a record high of $5,594.82 on Thursday, capping an extraordinary rally. …
Read More »U.S. Futures Slide as Precious Metals Rout Weighs on Sentiment Ahead of Earnings Rush
U.S. stock futures moved lower on Monday as a sharp selloff in gold and silver dented risk appetite ahead of a busy week packed with corporate earnings and key economic data. By 05:50 ET (10:50 GMT), Dow Jones futures were down 130 points, or 0.3%, S&P 500 futures fell 45 …
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