Tech Sell-Off Drags U.S. Markets U.S. stocks tumbled on January 30, with the S&P 500 down 1.2% and the Nasdaq falling 2%. Competitive threats from Chinese AI startup DeepSeek weighed heavily on tech stocks. Nvidia suffered a 15% weekly drop, while Microsoft also saw declines amid fears of losing dominance in the AI space. Asia’s […]
Tech Giants Stumble Amid AI Concerns Tech stocks experienced sharp declines as mixed earnings from Microsoft, Tesla, and Meta Platforms tested investor confidence. Microsoft reported slower Azure growth, while Tesla missed estimates and outlined plans for cheaper EVs. Meta’s revenue beat expectations but raised concerns over future sales. Federal Reserve Pauses Rate Cuts The Fed […]
Q4 Sales Miss Analyst Forecasts H&M reported fourth-quarter sales of 62.19 billion Swedish krona, falling short of the projected 63.48 billion krona. While sales were below expectations, they still marked a 3% growth in local currencies, reflecting some resilience in the retail market. Full-Year Profits Exceed Expectations Despite challenges, H&M’s full-year operating profit reached 17.3 […]
Declining Profits Amid Market Challenges Shell reported a 39% decline in fourth-quarter adjusted earnings, totaling $3.66 billion. The energy firm pointed to reduced oil and gas prices, weaker refining margins, and lower trading performance as key drivers of the decline. Commitment to Shareholder Returns Despite the earnings drop, Shell announced a $3.5 billion share buyback […]
Fed’s Hawkish Hold Dampens Sentiment Asian markets remained largely subdued on Thursday, digesting the Federal Reserve’s decision to keep rates unchanged but signaling potential hikes ahead due to persistent inflation concerns. Australia Leads Regional Gains Australia’s ASX 200 index climbed 0.8% to a record 8,515.70 points, bolstered by speculation that the RBA will begin easing […]
Upbeat Start Expected for European Markets European stock indices are forecasted to open higher on Thursday, with Germany’s DAX up 24 points, France’s CAC gaining 25 points, and Italy’s FTSE MIB climbing 72 points. The U.K.’s FTSE 100 is set to dip slightly, opening 2 points lower. Anticipated ECB Rate Cut to Support Markets The […]
Federal Grants and Loans Frozen Temporarily Judge Loren Ali Khan issued an emergency administrative stay halting a Trump administration order to freeze federal grant and loan disbursements until February 3. The decision was made during a Zoom hearing, minutes before the order was to take effect. Legal and Economic Stakes The freeze targets billions in […]
Global oil prices dipped on Wednesday, surrendering gains from the previous session. Brent crude slipped to $77.31 per barrel, and U.S. crude settled at $73.62. Rising U.S. crude inventories and the resolution of Libyan supply concerns were key drivers. America And Libyan Action The American Petroleum Institute reported higher crude and gasoline stockpiles in the […]
Financial markets worldwide are under pressure from tech sector turbulence, geopolitical strife, and mixed economic indicators. Impact On U.S. Market U.S. stocks faced losses, with the S&P 500 down 1.2% and Nasdaq Composite dropping 2.5%, following heightened competition fears led by Chinese AI startup DeepSeek. Nvidia shares nosedived 15% last week, shedding $600 billion in […]
Know About the Best Trading Apps in the Middle East Below The Middle East has become a growing hub for investors and traders, especially with the rise of online trading platforms. With a diverse set of assets available, including stocks, commodities, and cryptocurrencies, traders across the region are looking for reliable platforms to invest their […]