Tag: Wall Street
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Sharp drops in Big Tech companies pull stocks lower on Wall Street
Global stocks fell as concerns about higher interest rates triggered a sell-off in AI and technology shares.
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SpaceX sheds $600 billion in three days and turns to the bond market
SpaceX shares have fallen for a third straight session, sinking to their lowest level since the firm’s market debut and wiping out most of the spectacular gains made after its IPO, just as it launches its first-ever bond sale.
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Asian stocks fluctuate after Wall Street sell-off, crude holds losses on peace talks
HONG KONG: Asian equities fluctuated on Tuesday (Jun 23) following a tech-led sell-off on Wall Street as investors again questioned a long-running AI-fuelled boom, while crude largely held losses that came on the back of positive US-Iran talks.While Washington and Tehran flagged
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Oil falls as US waives Iranian sanctions and Nasdaq tumbles
NEW YORK: Crude prices fell Monday (Jun 22) after the US said it is temporarily lifting sanctions on Iran to allow it to export oil, while the Nasdaq retreated on concerns after AI investments by SpaceX and other tech giants.US Vice President JD Vance said a
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Can anyone join Musk in the trillionaire club? Zuckerberg has best shot, according to prediction markets
The Meta CEO is seen as next to join the Tesla and SpaceX CEO. Nvidia CEO Jensen Huang is seen as the second-most-likely.
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Dan Niles says he’s backing away from hyperscalers, trimming chip stocks
‘I kind of see a speed bump coming,’ the investor said.
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Iran reportedly closes Strait of Hormuz again, casting shadow over nuclear talks
Iran’s joint military command said the closure was in response to continued Israeli military operations in Lebanon.
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US stocks resume upward climb as dollar advances again after Fed outlook
NEW YORK: Wall Street stocks bounced Thursday (Jun 18), pivoting back to buying mode after the pullback in the prior session prompted by a Federal Reserve policy outlook that signalled po
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Next week’s inflation data just got even more important. Here’s what’s ahead for the market
Investors will now laser in on any signs that the central bank could hike interest rates against a backdrop of a buoyant stock market.
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The average SpaceX buyer post-IPO is almost under water after two-day slide
Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
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