The Nasdaq Composite experienced a decline on Wednesday, primarily driven by a pullback in shares of Alphabet, the parent company of Google, which led to a broader downturn in the technology sector. The tech-heavy Nasdaq index dropped by nearly 1%, while the S&P 500 saw a 0.5% decrease, and the Dow Jones Industrial Average slipped… Continue reading Nasdaq falls as Alphabet leads tech shares lower: Live updates

During a panel discussion in Riyadh, Saudi Arabia, JPMorgan Chase CEO Jamie Dimon emphasized the alarming global threat posed by nuclear proliferation, ranking it as the most serious issue facing mankind, ahead of concerns like climate change and ESG (environmental, social, and governance) matters. Dimon expressed concern about the growing risk of nuclear weapons use,… Continue reading Jamie Dimon: ‘The most serious thing facing mankind is nuclear proliferation’

On Tuesday, stock markets experienced a rise as investors paid close attention to a new wave of earnings reports and monitored movements in Treasury yields. The Dow Jones Industrial Average gained 274 points, or 0.8%, while the S&P 500 and the Nasdaq Composite both climbed 0.7%. Coca-Cola reported earnings and revenue that exceeded expectations, leading… Continue reading Stocks rise Tuesday after strong earnings reports and Treasury yields stabilize

Billionaire hedge fund manager Bill Ackman’s bearish stance on 30-year Treasury bonds, initially disclosed in August, is proving profitable as long-term yields have surged. Ackman’s position was based on his belief in higher long-term inflation, and since then, the 30-year Treasury yield has increased by more than 80 basis points, aligning with Ackman’s expectations. This… Continue reading Bill Ackman covers bet against Treasurys, says ‘too much risk in the world’ to bet against bonds

In Monday’s trading, stock markets experienced declines as Treasury yields rose, and investors awaited earnings reports from major tech industry companies. The Dow Jones Industrial Average fell by 60 points, representing a 0.2% drop, while the S&P 500 and Nasdaq Composite also slid 0.2%. Notably, the benchmark 10-year Treasury note yield briefly exceeded the significant… Continue reading Stocks fall on Monday as 10-year Treasury yield tops 5%: Live updates

In a significant revelation, former cryptocurrency mogul Sam Bankman-Fried and his associates have been found to have donated a staggering $50 million during the 2022 election cycle to politically active groups that operate under the guise of “dark money,” which implies that these organizations do not publicly disclose their donors. This revelation comes to light… Continue reading Sam Bankman-Fried, FTX allies secretly poured $50 million into ‘dark money’ groups, evidence shows

Stocks experienced a decline on Friday, with a particular focus on the recent rise in the 10-year Treasury yield. The Dow Jones Industrial Average dropped by 9 points, the S&P 500 slipped 0.1%, and the Nasdaq Composite shed 0.2%. This dip occurred after the benchmark 10-year Treasury yield crossed the 5% mark for the first… Continue reading Stocks slip after 10-year Treasury yield crosses 5% for the first time since 2007: Live updates

American Airlines reported a third-quarter loss of $545 million, or 83 cents per share, marking its first quarterly loss since Q1 2022. The airline attributed this loss primarily to higher fuel prices, which have affected its operational costs significantly. In contrast, the same period last year saw American Airlines post a profit of $483 million,… Continue reading American Airlines posts third-quarter loss and trims 2023 profit forecast

This article discusses the current situation in Israel and Gaza. Israeli ground troops are positioned near the Gaza border following terrorist attacks by Hamas. However, a ground invasion hasn’t started yet, raising concerns among military analysts. This conflict is also impacting Israel’s economy, with over 360,000 reservists called into duty, affecting productivity. The economic fallout… Continue reading A top Israeli economist says a recession is almost certain as leaders warn of a long war

Federal Reserve Chair Jerome Powell is set to give a crucial policy address to the Economic Club of New York. This comes at a pivotal moment for the U.S. economy, with conflicting signals from improving inflation numbers and surging Treasury yields. Markets expect the Fed to keep rates steady, but they’re seeking clarity from Powell… Continue reading Fed Chair Powell to deliver key speech Thursday. Here’s what to expect

U.S. President Joe Biden met with Israeli Prime Minister Benjamin Netanyahu in Tel Aviv and suggested that the Gaza hospital blast, which resulted in the deaths of hundreds of people taking shelter inside, appeared to have been caused by “the other team.” This diplomatic visit aimed to show solidarity with Israel following a coordinated attack… Continue reading Israel-Hamas war live updates: Biden suggests Israel not responsible for Gaza hospital blast; Hamas says U.S. ‘blindly biased’

In this article, stocks on Wall Street experienced a decline as the earnings season progressed, and investors were anticipating upcoming financial reports. The Dow Jones Industrial Average dropped by 91 points, which is equivalent to a 0.3% decrease. The S&P 500 also traded lower, down by 0.5%, and the Nasdaq Composite saw a 0.6% decline.… Continue reading Stocks fall Wednesday as earnings season picks up steam: Live updates