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Major Gulf Markets Mixed as Investors Await Key US Inflation Data

Major Gulf Markets Mixed as Investors Await Key US Inflation Data

The stock markets across the Gulf region closed on a mixed note as investors turned cautious ahead of critical US inflation data. The data, expected to influence the Federal Reserve's

December 10, 2024
Nikkei Gains on Weaker Yen, China’s Surprise Policy Shift

Nikkei Gains on Weaker Yen, China’s Surprise Policy Shift

The Japanese stock market, particularly the Nikkei 225 index, has shown significant gains recently, driven by two key factors: a weakening yen and a surprise policy shift by China. Investors

December 10, 2024
SushiSwap Unveils Ambitious 2025 Vision: Paving the Way for a Decentralized Future

SushiSwap Unveils Ambitious 2025 Vision: Paving the Way for a Decentralized Future

SushiSwap, one of the leading decentralized exchanges (DEXs) in the DeFi ecosystem, has set its sights on a bold vision for 2025. As the decentralized finance space continues to evolve,

December 9, 2024
Losses in China Lead to $5 Billion Charge for General Motors as It Cuts the Value of Its Assets

Losses in China Lead to $5 Billion Charge for General Motors as It Cuts the Value of Its Assets

DETROIT (AP) — The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion

December 4, 2024
The Billion-Dollar Railways Driving Biden’s Last Overseas Trip

The Billion-Dollar Railways Driving Biden’s Last Overseas Trip

On his visit to Angola, the president will stress US support for infrastructure aimed at countering Chinese influence in the region.

December 4, 2024

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Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet

Canceled freight vessel sailings from China are up and will ripple through the supply chain as the trade war impact on the global economy intensifies.

Published: 7 hours ago

Nvidia says it follows export laws 'to the letter' a day after AI chip sales to China stopped

Nvidia said in a statement that its exports help alleviate the U.S. trade deficit.

Published: 4 hours ago

Former cybersecurity agency chief Chris Krebs leaves SentinelOne after Trump targets him in executive order

A week after President Trump specifically targeted Chris Krebs in an executive order, the former head of CISA has left SentinelOne.

Published: 3 hours ago

Stock futures rise after major averages tumble in tech sector sell-off: Live updates

Major stock indexes sank on Wednesday, led by a significant decline in technology stocks and mounting tariff worries.

Published: 2 hours ago

Powell indicates tariffs could pose a challenge for the Fed between controlling inflation and boosting growth

The central bank leader said that while he expects higher inflation and lower growth, it's unclear where the Fed will need to devote greater focus.

Published: 7 hours ago

Brace for more volatility with these defensive trades

Investors have fled to consumer staples in search of safety amid market volatility, but Bank of America says there are other corners worth considering.

Published: 6 hours ago

Asia markets mostly rise after Wall Street slides overnight

Federal Reserve Chair Jerome Powell cautioned that the trade tensions could challenge the central bank's position on controlling inflation and spurring growth.

Published: 16 minutes ago

South Korea holds rates as it grapples with U.S. tariffs, prepares for snap election

This was in line with a Reuters poll of economists that forecast the bank to keep rates unchanged.

Published: 37 minutes ago

Japan exports growth misses expectations, rising by a modest 3.9% in March as tariffs bite

The growth missed expectations of a 4.5% rise from economists polled by Reuters, and was lower than the 11.4% jump in February.

Published: 38 minutes ago

Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs

Trump's tariffs have upended Temu's business model and its advertising strategy.

Published: 8 hours ago

AOC fundraising soars as the New York rep and Bernie Sanders barnstorm U.S. against Trump

Rep. Alexandria Ocasio-Cortez has become a leading face of the Democratic Party's resistance to the Trump administration, drawing crowds nationwide.

Published: 15 hours ago

Here's why Americans still love McMansions

Large, cheaply built suburban homes, often called McMansions, are popular among American homebuyers.

Published: 11 hours ago

Nissan aims to 'max out' U.S. production plant amid Trump's tariffs

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Published: 7 hours ago

These stocks are historically cheap after tariff-driven sell-off, Trivariate finds

For investors looking for a bargain, there is a group of stocks that are cheap relative to their respective historical trends, according to Trivariate Research.

Published: 8 hours ago

Ford Motor may hike prices if Trump's auto tariffs persist, memo says

Based in Dearborn, Michigan, Ford is among the best-placed automakers to weather tariffs, as it produces about 80% of its U.S.-sold vehicles domestically.

Published: 5 hours ago

Four money traps to avoid in a volatile market, according to ‘Fast Money’ trader Tim Seymour

“Fast Money” trader Tim Seymour wants to help investors avoid costly mistakes.

Published: 6 hours ago

Hertz shares surge more than 50% after Bill Ackman takes big stake in the rental car firm

Shares of Hertz surged 56% Wednesday after a regulatory filing revealed Pershing Square had built a 4.1% position as of the end of 2024.

Published: 6 hours ago

OpenAI in talks to pay about $3 billion to acquire AI coding startup Windsurf

OpenAI is in talks to buy Windsurf, an artificial intelligence tool for coding help, according to a source familiar with the matter.

Published: 6 hours ago

Here's a rapid-fire update on all 29 portfolio stocks, including potential buys on weakness

During April's Monthly Meeting, Jim Cramer discusses how investors should navigate this difficult market.

Published: 6 hours ago

Even with tariffs looming, Jim Cramer says consumer companies must cut prices

CNBC's Jim Cramer on Wednesday told investors it is likely consumer-oriented companies will be compelled to lower prices.

Published: 3 hours ago

Wall Street trading desks are feasting on the volatility from Trump’s global upheaval

The six biggest U.S. banks put up $16.3 billion in stock trading revenue, 33% more year over year and higher than the 2020 pandemic or the 2008 financial crisis.

Published: 9 hours ago

Mortgage payment calculator: See how much you'd spend each month

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Published: 3 days ago

OpenAI says newest AI model can 'think with images,' understanding diagrams and sketches

OpenAI released its newest AI model and said it can understand uploaded images like whiteboards, sketches and diagrams, even if they're low quality.

Published: 9 hours ago

JPMorgan Chase sues more customers who allegedly stole cash in 'infinite money glitch'

The episode highlights the lengths JPMorgan Chase, the biggest U.S. bank by assets, will go to claw back funds it is owed and to deter future crimes.

Published: 12 hours ago

Tech stocks drop as Nvidia, AMD warn of higher costs from China export controls

The chipmaking sector signaled that President Donald Trump's sweeping tariff plans could hamper demand.

Published: 6 hours ago

Here's why retirees shouldn't fully ditch stocks

Retirees need at least some stocks in their portfolios to ensure they don't run out of money later, experts said.

Published: 9 hours ago

U.S. vehicle supply is falling amid tariff fear-buying

Supplies of new and used vehicles for sale are declining rapidly as consumers flock to stores ahead of potential price increases due to tariffs.

Published: 14 hours ago

This is an 'early innings' tax-free play on the artificial intelligence boom, says Nuveen

Income investors looking for a way to play the boom in artificial intelligence can look to municipal bonds connected to data centers, according to Nuveen.

Published: 8 hours ago

Scale AI working with Qatar to develop AI agents for education, health care and transportation

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Judge finds probable cause to hold Trump administration in criminal contempt in deportation flights case

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Published: 7 hours ago