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…
In a revolutionary change, consumer companies like PepsiCo and tech behemoths like Qualcomm, Intel, and Infineon Technologies are leading the way in a new phase of the Internet of Things (IoT) called Ambient IoT. This new technology does away with the need for conventional batteries by using ambient energy sources like vibrations, radio waves, and…
Following Wall Street’s steep drops, China and Hong Kong stocks tumbled on Tuesday as mood soured throughout Asia. However, gains were restrained by a more positive perspective on the anticipated effects of artificial intelligence. By lunchtime, the Shanghai Composite Index and China’s blue-chip CSI 300 Index had recovered some early losses but were still down…
Tuesday saw a decline in Asia-Pacific markets, mirroring U.S. losses due to concerns about tariff policies and a possible recession in the largest economy in the world. Japan’s Nikkei 225 pared sharper losses earlier in the day, closing the day 0.64% down at 36,793.11. In contrast, the overall Topix index dropped 1.11% to 2,670.72. Fujitsu’s…
Now down about 3%, the S&P 500 has dropped to its lowest level since September last year, a six-month low. The tech-heavy index, the Nasdaq, is also down more than 4% and is about to see its worst one-day decline since September 2022. US Market Crash: On Monday, March 10, Wall Street had a grueling…
Investors are alarmed by President Donald Trump’s tariffs, and a stock market purchase has erased $4 trillion from the S&P 500’s top last month, when Wall Street was applauding most of Trump’s program, due to worries of an economic slowdown. Businesses, consumers, and investors are now more anxious due to a flurry of new Trump…
Saudi Arabia’s National Agricultural Development Company (Nadec) has announced a share buyback program aimed at creating a long-term employee incentive plan. This move is part of the company’s strategy to attract, retain, and reward employees, aligning their interests with Nadec’s long-term success. Why Is Nadec Buying Back Shares? The company’s decision to repurchase a portion…