In a move that signals growing concerns over the U.S. economy, Citigroup has downgraded its recommendation on American stocks, citing rising risks of a recession. Meanwhile, the bank has turned more optimistic about China’s market, upgrading its outlook for the country’s equities. The decision reflects growing volatility in U.S. markets, where major indexes have taken…

US stock futures rose on Tuesday, indicating the start of a comeback after another harsh sell-off as investors’ concerns about economic growth worsened. Futures for the S&P 500 (ES=F) and the Dow Jones Industrial Average (YM=F) both climbed by roughly 0.3%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.5%. On Monday, the three major…

Delta Air Lines is facing turbulence—this time, in the stock market. The airline’s shares took a nosedive after announcing a downward revision in its profit forecast for the first quarter of 2025. Investors reacted swiftly, plummeting Delta’s stock by nearly 13% in after-hours trading. Lower Profit Expectations Delta had previously projected strong revenue growth of…

Stock markets across Asia took a hit today as fears of a slowdown in the U.S. economy sent investors scrambling for safer assets. The uncertainty pushed the Japanese yen to a five-month high against the U.S. dollar, reflecting a growing sense of caution in global financial markets. Markets in Decline Japan’s Nikkei 225 index dropped…

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…