Economists predict that the US inflation rate, which rose sharply in January, may have remained high last month, further evidence that progress in curbing price increases has stalled. The consumer price index is expected to rise by 0.3% in February, after increasing by 0.5% at the beginning of the year. According to a Bloomberg survey […]
Tech stocks suffered their biggest one-day drop since 2022 as investors’ concerns over an impending economic recession intensified. The Nasdaq 100 index plunged 3.8%, with Monday’s sell-off wiping out more than $1 trillion in market value. Meanwhile, the Bloomberg Big Seven Technology Index (an equal-weighted index tracking the largest U.S. technology stocks) dropped 5.4%, extending […]
U.S. officials are crossing the ocean in search of enough eggs to ease the shortage, which has driven prices up sharply, forcing grocery stores to limit customer purchases and restaurants to add surcharges. Poultry trade groups in Poland, the world’s second-largest egg exporter, and smaller countries such as France and Indonesia say their countries are […]
President Donald Trump is preparing to meet next week with leaders of some of America’s biggest technology companies, which face import tariffs and tougher export rules that could upend their businesses. A group that includes the chief executives of Hewlett-Packard Co, Intel Corp, International Business Machines Corp and Qualcomm Inc has discussed meeting with the […]
The Bureau of Labor Statistics of the United States will release the labor market report for February on March 7th. The market generally expects that the non-farm payrolls will increase by 153,000, higher than the 143,000 in January, and the unemployment rate will remain unchanged at 4%, or still close to full employment. If the […]
US President Donald Trump confirmed on Tuesday that his administration will continue to impose tariffs on Canada and Mexico. Subsequently, the Canadian government announced plans to impose comprehensive counter-tariffs on US products. Canadian Prime Minister Justin Trudeau said in a statement later on Monday: “Canada will not stand idly by in the face of this […]
Shares of Nvidia Corp., a chipmaker at the center of the artificial intelligence spending boom, fell to their lowest level in three weeks amid concerns over the company’s growth prospects. Some predict that Nvidia’s stock price will decline further. Between 2 p.m. and 2:40 p.m., a trader bought more than 300,000 contracts, betting that Nvidia’s […]
Bitcoin’s decline intensified further in Friday’s Asian trading session as traders reversed their previous bets following the election of US President Donald Trump, falling by 25% from its record high set less than six weeks ago. At 10:13 a.m. Singapore time, the token dropped 2.6% to $82,220, hitting its lowest level since November 11. This […]
In the final hour of trading on Thursday, Wall Street suffered a large-scale sell-off. The reason was that the share price of semiconductor giant Nvidia (NVDA) dropped after it announced its earnings, and US President Donald Trump took more tariff-related measures, dampening market sentiment. Trump confirmed that the proposal to impose a 25% tariff on […]
Nvidia Corp., the chipmaker at the center of the artificial intelligence spending boom, reported decent but not outstanding quarterly results on Wednesday, and investors, accustomed to explosive performance, responded with a shrug. Nvidia said in a statement that its sales for the first fiscal quarter ending in April would reach approximately $43 billion. Analysts on […]