Trump pressures Fed to cut rates amid tariff fallout
President Trump’s push to oust Fed Chair Powell drew warnings from CEOs and spurred a brief market rally after his reversal....
Tag : stock market
MicroStrategy’s bitcoin holdings top $45 billion in market value
MicroStrategy cut 20% of its workforce as it doubled its bitcoin holdings in 2024, spending $22.1 billion on cryptocurrency while shedding 400 jobs across key...
European stocks hit record highs amid Ukraine peace hopes
European markets surged as defense and banking stocks drove the STOXX 600 to a record high, fueled by military spending growth and easing trade tensions....
Nvidia shares rise as Alphabet boosts AI investments for 2025
Nvidia stock climbed 4% as Alphabet’s $75B capex plan reassured investors that AI spending remains strong despite concerns over China’s DeepSeek AI model....
H&M shares fall as fourth-quarter sales miss forecasts despite profit gains
H&M shares dropped after missing Q4 sales estimates, though profit improved. CEO Daniel Ervér remains optimistic, citing early signs of recovery in the new fiscal...
Magnificent Seven tech giants dominate market in historic rise
U.S. markets soar with record gains in 2024, driven by Federal Reserve cuts, tech dominance, and robust earnings, but risks loom as Trump’s policies and...
Dow jumps 351 points as chip stocks rally following Foxconn revenue report
U.S. stocks rallied Monday, with the Dow up 351 points and Nasdaq gaining 1.8% as chipmakers surged following Foxconn’s record revenue. Investors await economic data...
Modon and ADNOC Gas register AED2.66 billion in ADX trades
The Abu Dhabi Securities Exchange logged 15 large direct deals involving shares of ADNOC Gas and Modon Holding, totaling AED 2.66 billion in transactions across...
Fed slashes rates by 50 basis points as inflation cools
The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and...
Dow rises 300 points amid economic optimism
Stock markets rebound as Dow and S&P 500 climb, driven by robust retail sales and promising labor data, signaling a decrease in recession fears and...