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Business & Finance
US stocks declined on Monday after the US attacked Iran for the first time in weeks, fueling a rise in oil prices and increased bets that the Federal Reserve would raise interest rates at its September meeting
Of late, Micheal Burry has been skeptical on the developments in the technology sector. Recently, Burry disclosed short positions in Oracle (ORCL) and Nebius Group (NBIS) citing “rising leverage risks linked to off-balance-sheet commitments across the technology and cloud sectors.”
(Bloomberg) — As investors debate whether and when the Federal Reserve will raise interest rates, market expectations for further tightening are building around the world — and spelling trouble for bonds
Wall Street ended sharply lower on Wednesday after the Federal Reserve held interest rates steady, with AI-related chip stocks adding to recent declines ahead of quarterly reports from Microsoft and Meta Platforms and the Nasdaq 100 index marking an 11% drop from its June record high
Meta shares plummeted almost 10% in extended trading on Wednesday after the company issued a weaker-than-expected revenue forecast and took a big hit to its cash pile
Oil prices got back to jumping on Wednesday, while sinking technology stocks dragged Wall Street lower amid uncertainty about what the Federal Reserve will do to get high inflation under control
US President Donald Trump has vigorously defended his economic policies in Michigan – a state hit hard by his tariffs, particularly in the automobile sector
Qualcomm reported fiscal third-quarter earnings on Wednesday that were in line with analyst expectations, but it provided light guidance for current-quarter earnings on in-line revenue, blaming the ongoing supply crunch for computer parts, especially memory. Shares fell in extended trading
Meta (META) reported its second quarter results after the bell on Wednesday, missing on earnings per share (EPS) but beating on revenue. The company also missed the midpoint for its Q3 revenue outlook, though it narrowed its planned capital expenditure range for 2026