Tesla stock rose on Friday as the company attempted to close out a difficult week for technology stocks on a stronger footing, even as broader concerns about demand and competition continued to cloud its outlook. In midday trading, Tesla shares were up about 3.5% at $411.28. The broader market also advanced, with the S&P 500 […]
Stellantis (NYSE: STLA) suffered a historic collapse this morning, plunging more than 25% in a single session, which marks its worst day since the 2021 merger of Fiat Chrysler and PSA Group. The carnage started today after management announced an “alarming” €22.2 billion ($26.5 billion) impairment charge, admitting that it drastically overestimated the pace of […]
Europe’s markets ended the week caught between resilience and reckoning. In London, the FTSE 100 eked out gains as banks rallied on fresh hints that rate cuts could be on the horizon, even as tech-linked names stayed under pressure. Across the continent, regulators sharpened their focus on Big Tech, with Brussels formally charging TikTok over […]
A volatile week for precious metals is ending on a slightly positive note, with gold and silver logging small gains. Simmering geopolitical tensions and increasing safe-haven demand boosted gold prices on Friday. Meanwhile, oil prices saw a modest increase on Friday, following reports from Iran’s foreign minister indicating that discussions between Iran and the US […]
US spot Bitcoin exchange-traded funds recorded another day of heavy withdrawals on Wednesday, as falling cryptocurrency prices and broader risk-off sentiment continued to weigh on investor confidence. According to data from SoSoValue, investors pulled $544.94 million from US spot Bitcoin ETFs during the session, marking the second consecutive day of net outflows. The latest withdrawals […]
Shares of Volvo Cars slid sharply on Thursday after the carmaker reported a steep fall in fourth-quarter operating profit, highlighting how tariffs, currency headwinds, and cooling demand are squeezing margins across the auto sector. The stock dropped more than 25%, putting Volvo Cars on track for its worst trading day on record. The reaction reflected […]
US stock index futures were largely unchanged on Thursday as investors digested mixed signals from corporate earnings, rising artificial intelligence spending plans, and continued volatility in the cryptocurrency market. The cautious mood followed a significant sell-off in software stocks that dragged major benchmarks lower for a second consecutive session. S&P 500 futures and Nasdaq 100 […]
Alphabet stock (NASDAQ: GOOGL) plunged over 7% in the pre-market trading on Thursday, despite beating revenue and profit estimates for the fourth quarter. The sharp sell-off came despite some impressive milestones like cloud and search firing and annual sales topping 400 billion dollars for the first time. The investor caution began once executives unveiled a […]
The number of Americans filing new applications for unemployment benefits rose more than expected last week, highlighting short-term disruptions from severe winter weather even as the broader labour market continues to show signs of resilience. Initial claims for state unemployment benefits increased by 22,000 to a seasonally adjusted 231,000 in the week ended January 31, […]
US stocks head into Thursday’s session on the back foot after another bruising tech selloff knocked Wall Street’s most popular trades off their pedestal. The S&P 500 dropped around 0.46%, while the Nasdaq Composite slid about 0.6%, extending a sharp two‑day retreat in high‑growth names. The Dow Jones Industrial Average shed roughly 240 points, or […]