Tag Archives: slumps

Back in 2019, when tech giant Microsoft (MSFT) planned to back up OpenAI and fire up what amounts to the artificial intelligence (AI) movement as we know it, not everyone thought much of it. In fact, reports note, Bill Gates himself talked to Satya Nadella about it, and offered the downright disastrous assessment that “Yeah, you’re going to burn this …

NEW YORK (AP) — Stocks are climbing toward more records on Monday ahead of a week packed with potentially market-moving events for Wall Street. The S&P 500 rose 1%. The Dow Jones Industrial Average was up 248 points, or 0.5%, as of 1:01 p.m. Eastern time, and the Nasdaq composite was 1.7% higher. All are adding to their latest all-time …

MP Stock Slumps. Why a China-US Trade Deal Is Bad News for Rare Earths.  Barron’s Rare earth stocks tumble as U.S. expects China to delay export controls  CNBC Asia markets and US stock futures rise after US and Chinese officials agree on trade deal framework  CNN Trump Administration Highlights: U.S. and China Reach Trade ‘Framework’ Ahead of Trump-Xi Meeting  The New York Times First …

Gold Slumps Most in Four Years as Record-Breaking Rally Cools  Bloomberg.com Gold Suffers Biggest Drop Since 2020  TradingView Gold Bars, Gold Necklaces, Gold Earrings: The Rush to Cash In  The New York Times Gold and Silver Prices Drop  The Wall Street Journal Gold takes a breather after record rally, focus turns to U.S. CPI data  CNBC Source link

Earlier this month, bitcoin was on top of the world, hitting yet another new all-time high of roughly $125,000. Around the same time, applications for a large number of increasingly speculative crypto exchange-traded funds (ETFs) were filed with the U.S. Securities and Exchange Commission (SEC), which some saw as signs of an overheated market. A couple of weeks later, the …

US dollar slumps after poor jobs data, as government shutdown raises uncertainty  Reuters Stocks shrug off government shutdown for now  CNN Government Shutdown FAQ  U.S. Representative Ami Bera (.gov) Stock market today: Dow, S&P 500, Nasdaq slide as US shutdown begins, ADP shows unexpected jobs decline  Yahoo Finance Bitcoin, Ethereum and XRP Jump. Why Cryptos Are Rising Amid the Government Shutdown.  Barron’s Source link

China’s economy slumps in August, casts doubt on growth target  Reuters China’s August factory output, retail sales miss expectations  Yahoo Finance China’s Broad Economic Slowdown Raises Stimulus Expectations  Bloomberg.com China’s economy shows signs of slowdown as US trade war weighs  Financial Times China’s Economy Shows Signs of Summer Slowdown  The Wall Street Journal Source link

China’s Economy Suffers Another Setback as Investment Slumps  Bloomberg.com China’s economy slowdown deepens in August with retail sales, industrial output missing expectations  CNBC China’s economy slumps in August as consumer, export demand sags  Reuters China retail sales and factory output grow at slowest pace this year  Financial Times China’s August factory output, retail sales miss expectations  Yahoo Finance Source link

Marvell Technology Group Ltd. headquarters in Santa Clara, California, US, on Friday, Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Shares of Marvell Technology plunged 15% on Friday after the artificial intelligence chipmaker’s data center revenue fell short of estimates and it gave lackluster guidance for the current quarter. Here’s how the company did in comparison with …

Cheng Xin / Getty Images The news offset better-than-expected fourth-quarter results, driven by demand for Coach bags Fashion handbag maker Tapestry slashed its full-year forecast because of the costs on new U.S. tariffs. The company lowered its fiscal 2026 earnings per share estimate as it anticipates a $160 million hit from tariffs. The news offset better-than-expected fourth-quarter results, driven by …