(Reuters) – Nasdaq futures experienced a notable decline on Wednesday following quarterly earnings reports from Tesla and Alphabet, which heightened investor concerns about the dominance of Big Tech […]
Nvidia Stock Falls. What Alphabet’s Disappointing AI Spending Plans Mean for the Chip Maker.
Nvidia appeared poised for a decline on Wednesday following the release of Alphabet’s quarterly earnings. Alphabet’s report presented mixed implications for Nvidia, part of the elite group of […]
Fed to cut rates twice this year, with first move in September, economists say: Reuters poll
BENGALURU (Reuters) – The Federal Reserve is anticipated to reduce interest rates twice this year, in September and December, as robust U.S. consumer demand necessitates a cautious approach […]
China’s Richest Man Risks Losing Crown After $13 Billion Wipeout
(Bloomberg) — China’s wealthiest individual faces the possibility of relinquishing his top spot after nearly three years, as his fortune has diminished more than any other billionaire globally. […]
Stock market today: World stocks fall as investors are underwhelmed by Big Tech earnings
Global stocks experienced a downturn on Wednesday as the earnings season for major corporations gained momentum, with investors displaying a tepid response to the reported results thus far. […]
Rupee settles at record closing low as equity tax hikes hurt sentiment
MUMBAI (Reuters) – On Tuesday, the Indian rupee tumbled to record lows as the government’s decision to increase tax rates on capital gains from equity investments and equity […]
Some G20 financial regulators overlooking risks linked to nature loss, watchdog says
A report by the Financial Stability Board (FSB), the G20’s financial watchdog, has found that financial regulators and supervisors in certain G20 countries are neglecting the potential risks […]
Big booze maker ditching wine brands as the world drinks less
Pernod Ricard (RI.PA), the French beverage company, has decided to sell most of its wine brands due to the global decline in wine consumption. Instead, the company will […]