Economy

Economy
Economy

US stocks rebound sharply on Thursday: Nasdaq up around 1%, S&P climbs 0.6%

US stocks rose on Thursday as Wall Street attempted to recover from back-to-back losing sessions, with strength in semiconductor shares helping to lift broader market sentiment amid a mixed geopolitical and policy backdrop. The S&P 500 climbed 0.6%, while the Nasdaq Composite advanced 0.9%. The Dow Jones Industrial Average added 165 points, or 0.3%, as

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Economy

US stocks open in the green: S&P 500 climbs 0.3%, Nasdaq up 0.5%

US stocks rose on Friday as Wall Street attempted to close out a turbulent week on a positive note, with gains in technology and industrial shares helping lift the major averages despite lingering geopolitical and policy-related concerns. The S&P 500 climbed 0.3%, while the Dow Jones Industrial Average added about 100 points, or 0.2%. The

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Economy

US stocks open deep in the red: Nasdaq slips around 2%, S&P down 1.4%

US stocks suffered steep losses on Tuesday as President Donald Trump escalated his rhetoric over Greenland, threatening sweeping new tariffs on countries opposing the sale of the Danish territory to the United States. The comments sparked a broad risk-off move across markets, driving equities lower, pushing Treasury yields higher and weighing on the US dollar.

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Economy

US stocks rebound after Trump’s WEF speech: S&P 500 climbs 0.4%, Dow up 140 pts

US stocks rebounded on Wednesday after President Donald Trump told the World Economic Forum that he would not use military force to acquire Greenland. The speech eased a major geopolitical concern that had rattled global markets and triggered a sharp “sell America” trade a day earlier. The Dow Jones Industrial Average rose 141 points, or

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Economy

US stocks open flat as S&P 500, Nasdaq look set to end volatile week lower

US stocks were mixed on Friday as investors digested two days of gains driven by easing geopolitical tensions and turned their attention to corporate earnings and next week’s Federal Reserve decision. The S&P 500 and Nasdaq Composite hovered around the flatline, while the Dow Jones Industrial Average fell 247 points, or 0.5%, weighed down by

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Economy

Ethereum price drops below $3,000 as funding rates turn negative

Ethereum’s Ether has lost 10% of its value in the last seven days, making it the second worst performer among the top 10, behind Dogecoin.  The bearish performance saw Ether drop below $3k, with technical indicators suggesting further bearish movements in the near term.  Ether’s funding rates flip negative Ether has dropped below $3k after

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Economy

Trump’s Nvidia chip exports to China trigger backlash in Congress

US President Donald Trump’s plan to grant Nvidia licences to ship more powerful artificial intelligence chips to China is triggering fresh backlash in Congress, including from prominent China hawks within his own party. The move is sharpening divisions in Washington over whether tighter export controls protect national security or weaken US influence in the global

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Economy

US energy secretary slams EU’s ‘inefficient green energy’ focus, urges doubling oil production

US Energy Secretary Chris Wright called on the world to more than double oil production on Thursday, while simultaneously criticising the European Union and California for what he termed a wasteful focus on inefficient green energy. While the World Economic Forum (WEF) has increasingly focused its energy discussions on advancing lower-carbon policies, a conversation in

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Economy

European JPMorgan chief says standing up against Trump good for business

Top corporate leaders expressed relief after US President Donald Trump stepped back from imposing new tariffs on Europe, but warned that geopolitical uncertainty and regionalization remain central concerns for global business. Speaking to CNBC on the sidelines of the World Economic Forum in Davos, executives said the easing of immediate trade tensions had lifted markets,

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Economy

All-time highs meet political risk in Trump’s America

This time last week, the S&P 500 hit yet another all-time high, coming within a couple of points of 7,000. Over the previous two months, the index had made a series of higher lows and higher highs. Over the same period, the VIX index, a measure of S&P volatility, had declined steadily, falling back to

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