The “Magnificent Seven” stocks were at the heart of another sell-off that hammered the US stock market on Monday. Nvidia (NVDA), Tesla (TSLA), Alphabet (GOOG, GOOGL), Amazon (AMZN), Meta (META), Apple (AAPL), and Microsoft (MSFT) all saw share price declines, with Tesla losing 15% to lead the way. Five of the seven megacaps fell by…
Citigroup Inc (C) reduced its position on US shares while upgrading China to overweight, highlighting the widening gap in the outlook for the world’s top two economies. “US exceptionalism is at least pausing” for the coming few months, Citi’s strategists, including Dirk Willer, its global head of macro research and asset allocation, said in a…
A worldwide stock selloff fuelled by fears about the American economy abated, with US share futures indicating small gains for Wall Street. Bitcoin was set to end a five-day losing streak. S&P 500 contracts rose 0.4% after the benchmark index plummeted the most this year on Monday. Those on the Nasdaq 100 climbed following the…
Asian benchmarks fell Tuesday as concerns intensified over the impact of President Donald Trump’s tariffs on regional economies and industries. Japan’s Nikkei 225 fell 1.7% in early trade to 36,382.57. Australia’s S&P/ASX 200 index fell 0.9% to 7,888.50. South Korea’s Kospi fell 1.5 percent to 2,532.29. Hong Kong’s Hang Seng fell 0.9% to 23,568.83, while…
SoSoValue has made an enormous stride forward in cryptocurrency with its recent listing on Bybit. This change improves trader accessibility by consolidating the tracking and trading of SSI tokens and $SOSO. The integration with Bybit, a key player in the Web3 ecosystem, is intended to boost trading activity and liquidity for these tokens. Increasing liquidity…
Consumer goods equities outperform the market, aided by increased economic uncertainties and global trade tensions. As investors seek stability, demand for critical goods businesses like Coca-Cola, Procter & Gamble, and Walmart is rising, sending the Vanguard Consumer Staples ETF (VDC) up more than 5% this year. Meanwhile, the Consumer Discretionary Select Sector SPDR ETF (XLY),…
Ecuador government Daniel Noboa stated on Sunday that his country will not accept deported migrants from other nations, and he chastised Venezuela’s government for reportedly refusing planes of Venezuelan migrants deported from the US. Noboa, who will face socialist Luisa Gonzalez in an April 13 run-off election, stated on X that Ecuador will always take…
Artisan Partners (NYSE: APAM) has publicly expressed significant concerns about Seven & I Holdings Co., Ltd., citing possible conflicts of interest with the company’s Special Committee and Nomination Committee. The investment management firm has voiced concerns over the choice of Stephen Dacus as Seven & I’s next CEO, citing governance difficulties that might impact business…
As the XRP price remains volatile, investors are looking for high-growth options in the cryptocurrency industry. While Ripple remains a major participant, introducing new ventures such as DTX Exchange has changed the focus to prospects with enormous profit potential. With DTX Exchange presently in its presale phase and providing a potential 27,600% return, many traders…
Despite outperforming the overall market in the most recent session and maintaining a dividend yield of 6.25%, Ford Motor Company’s stock has lately dropped due to analyst downgrades and anticipated profit declines. Due to challenging market conditions, investors have been closely observing Ford Motor Company’s stock performance, which has been exhibiting deterioration in recent trading…