Unprecedented turmoil hits China’s mutual fund market
China's mutual fund industry sees record closures amid stock market downturn with 240 funds, mostly stock-focused, liquidated in 2023....
Tag : stock market
Inflation cools rapidly, paving the way for economic confidence in 2024
As the year 2023 drew to a close, many had anticipated it would be marked by economic turmoil and recession fears. However, it defied expectations...
S&P 500 climbs for eighth week, signaling strong market confidence
The S&P 500 witnessed a rise on Friday, contributing to an eighth successive winning week. This upsurge comes in the wake of milder inflation figures,...
Nike and Foot Locker stocks dive as Nike cuts revenue forecast
In a significant market development, shares of Nike and Foot Locker experienced a sharp decline following Nike’s announcement of a reduced revenue outlook and substantial...
Dow surges to 2023 peak, propelling November’s stock market rally
In a striking financial upturn, the Dow Jones Industrial Average soared to a new annual zenith on Thursday, marking an impressive closure to November –...
Tech stocks feel the heat from soaring Treasury yields
On Wednesday, U.S. stock markets experienced significant shifts, as investors navigated through diverse earnings reports and evolving Treasury yields. Notable indices showed marked volatility, with...
iPhone shipments to surpass Samsung in 2023, says renowned analyst
Apple is on the brink of a major milestone as it sets its sights on becoming the world’s largest smartphone brand by the end of...
Apple surpasses $3 trillion market cap, a historic milestone
Apple Inc. made history yet again, achieving a market capitalization of $3 trillion on Friday, marking another significant milestone in the company’s growth. This is...
Stable monetary policy propels Nikkei to an eight-month peak
In a significant financial development, the Nikkei, Japan’s premier stock index, surged to an eight-month high, driven by the Bank of Japan’s (BOJ) decision to...