Investors are assessing whether a series of concerning data points to serious economic concerns, so next week, the stakes are high for the monthly U.S. jobs report. Falling Treasury rates and a decline in bitcoin are further signs of growing investor apprehension, as the benchmark S&P 500 stock index has retreated 4% from its peak…
After a tumultuous week marred by doubt over U.S. trade policy and a global increase in borrowing costs, investors were greeted with some calm on Friday as a sharp purchase in bonds subsided and currencies stabilized, but equities followed Wall Street down. As U.S. equities face challenges from a deteriorating growth forecast in the most…
The California-based company said on Thursday that the US Department of Labor is looking into whether Scale AI, a data labeling business supported by tech behemoths Nvidia, Amazon, and Meta, complies with the Fair Labor Standards Act. According to the firm, the inquiry, which was started about a year ago during the administration of former…
In the face of market turbulence brought on by President Donald Trump’s erratic trade policies, US stock futures rose as Wall Street prepared for the February employment report. The Dow Jones Industrial Average (YM=F) futures saw a 0.2% increase. Futures linked to the tech-heavy Nasdaq Composite (NQ=F) increased by 0.5%, while those related to the…
As another investment company lowered its price objective on the stock, Tesla’s (TSLA) shares fell 5.6% on Thursday, bringing its year-to-date losses to 35%. In a note released Thursday morning, Baird analysts cut their 12-month view on Tesla shares from $440 to $370, citing worries that Wall Street has unrealistic expectations for Tesla’s first-quarter deliveries….
Elon Musk, the CEO of Tesla, has criticized India’s high automobile import taxes, which may reach 110%, as among the world’s highest. Under a potential trade agreement between the two countries, the United States wants India to remove tariffs on auto imports. However, sources told the news channel that while the administration is considering more…
Investors are becoming concerned after Palantir Technologies Inc.’s stock price dropped by 33% between February 14 and March 3. The company’s federal contracts were jeopardized due to the sell-off, which wiped almost $90 billion in market value, and reports of possible Pentagon budget cuts. Nevertheless, despite the steep fall, Palantir continues to demonstrate remarkable revenue…
Early on Thursday, S&P 500 futures were flat as the main averages recovered on expectations of tariff concessions from President Donald Trump. Futures linked to the Dow Jones Average and the broad market index saw minimal movement. Nasdaq 100 futures saw a 0.1% decline. The week has been erratic for stocks thus far. Wednesday saw…
At one point, the tech-heavy Nasdaq Composite fell more than 10% from its mid-December closing high, ending 9.4% below that top. US Stocks Face Tricky Moment as Trump’s Latest Tariffs Land: The recent tariffs imposed by President Donald Trump are causing a reckoning in the U.S. stock market. The benchmark S&P 500 closed Tuesday’s trading…
As investors reevaluate, risk, semiconductor and tech firms are under a lot of pressure as the U.S. stock market undergoes a tumultuous downturn. Palantir Technologies (NYSE: PLTR), which has experienced a massive decline amid a broader market shift away from speculative trades, is one of the greatest victims of this collapse. Palantir’s once-explosive surge is…