Tag: stocks
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Brent falls below US$75 as Nasdaq drops for 3rd straight day
A market analyst said “the carnage continues in oil prices” as crude prices continued to fall.
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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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Chip stocks plunge, but bargain-hunters stem losses in other tech names
June 23 : U.S. chip stocks stumbled on Tuesday, but the broader market’s initial slump brought out bargain-hunting investors, stemming the falloff in other companies central to the AI infrastructure rally that have powered the market over the last few years.The tech-heavy Nasdaq Composite index was still down
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SpaceX extends losses after $600 billion wipeout, tech stocks slide again
June 23 : Shares of Elon Musk’s SpaceX slipped further on Tuesday following a three-session selloff that wiped out more than $600 billion from the company’s market value, with the highly valued technology sector on track to extend the rout.The rocket and AI company’s shares fell 1.9 per cent to $151.6 earlie
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Stocks hit by Fed rate reality check; oil slips
LONDON, June 23 : Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to tackle inflation, even after a 16 per cent drop in oil prices this month.The STOXX 600 fell 1.2 per cent, under pressure from declines in
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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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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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Commentary: Why SpaceX, Samsung, Hynix are becoming meme stocks
Meme mania is sweeping through the US stock market again, but this time it’s trillion-dollar companies that can distort and sink entire equity markets, says Shuli Ren for Bloomberg Opinion.
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US SEC poised to allow stock token trading in potential market shakeup
NEW YORK, June 17 : U.S. equity markets face a potential shakeup as the Securities and Exchange Commission readies a new policy that would allow crypto companies to offer blockchain-based stocks, analysts and lawyers said.The crypto industry says tokenized stocks — blockchain-based instruments that track tr
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