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Wall Street ends sharply down as traders fret about AI disruption
Wall Street fell as AI competition worries sent software stocks lower ahead of earnings from Alphabet, Amazon and others.
Global stock index edges down, silver and oil extend losses
NEW YORK/ LONDON, Feb 2 (Reuters) – MSCI’s global equities gauge edged lower on Monday, with Wall Street providing a boost while the dollar rose and investors dealt with a deepening selloff in precious metals ahead of a week packed with corporate earnings, central bank meetings and major economic data. Also on Monday, crude oil […]
Heavy earnings week, jobs data to test US stocks after Microsoft swoon
Another huge batch of corporate earnings including from megacaps Alphabet and Amazon will test the U.S. stock market in the coming week after a disappointing report from heavyweight Microsoft weighed on equity indexes.
Trump picks former Fed official Warsh to run Fed
Trump nominated former Fed governor Kevin Warsh to succeed Jerome Powell, raising questions about Fed independence and rates.
Stocks slip as Microsoft drags, oil jumps on Iran attack worry
Global stocks dipped as Microsoft shares plunged after earnings, pressuring tech stocks, while oil prices jumped on U.S.-Iran tensions.
Stocks retreat from record high, dollar higher after Fed keeps rates steady
NEW YORK, Jan 28 (Reuters) – Global stocks were on pace to snap a five-session streak of gains on Wednesday, while the U.S. dollar held on to gains after the Federal Reserve kept rates steady, as widely expected. In keeping rates unchanged, the Fed cited still-elevated inflation alongside solid economic growth, and gave little indication […]
SpaceX weighs June 2026 IPO at $1.5 trillion valuation, FT says
Elon Musk’s SpaceX is weighing a mid-June IPO that could raise up to $50 billion, valuing the rocket company at $1.5 trillion.
S&P 500 marks closing record as corporate earnings roll in; Medicare rates hit insurers
Jan 27 (Reuters) – The S&P 500 notched a record closing high and its fifth straight day of gains on Tuesday with a mixed reception to the latest earnings reports and a steep selloff in health insurers countering optimism ahead of megacap reports. UnitedHealth led losses in healthcare stocks and in the Dow Jones Industrial […]
Dow ends lower, with S&P flat, as Intel’s outlook weighs on risk appetite
Jan 23 (Reuters) – The Dow Jones Industrial Average stumbled to a lower close on Friday, while the S&P 500 ended largely unchanged, as investors’ risk appetite was dimmed at the end of a topsy-turvy week by Intel‘s plunge on a downbeat outlook. All three Wall Street benchmarks had rebounded in the past two sessions […]
Citigroup to lay off more employees in March, sources say
Citigroup is expected to announce more layoffs in March as CEO Jane Fraser presses ahead with cost cuts and restructuring.
Wall Street ends up as investors buoyed by tariff relief, upbeat data
U.S. stocks ended higher for a second day as Trump eased tariff threats and economic data showed continued resilience.
Wall Street ends higher as investors cheer Greenland framework deal, averted tariffs
Jan 21 (Reuters) – Wall Street ended higher on Wednesday, with the S&P 500 posting its biggest one-day percentage gain in two months, as investors were buoyed by news that a framework for an agreement on Greenland had been reached and the possibility of new U.S. tariffs on European allies had been averted. Both the […]
