Wall Street Archives

Alphabet becomes fourth company to cross $4 trillion valuation

kuwait-live.comJanuary 14, 2026January 14, 2026

January 14, 2026January 14, 2026

MENA Newswire, SAN FRANCISCO: Shares of Alphabet Inc. rose sharply on Monday, lifting the Google parent’s market capitalization above $4 trillion for the first time and placing it among...

Nasdaq, S&P 500 drop as trade tensions rise with new U.S. tariffs

kuwait-live.comFebruary 3, 2025February 3, 2025

February 3, 2025February 3, 2025

U.S. stocks declined on Monday following President Donald Trump's announcement of new tariffs on China, Mexico, and Canada. However, major indices pared early losses mid-morning...

Financial sector poised for crypto integration after SEC’s SAB 121 reversal

kuwait-live.comJanuary 25, 2025January 25, 2025

January 25, 2025January 25, 2025

In a pivotal decision, the U.S. Securities and Exchange Commission (SEC) has rescinded Staff Accounting Bulletin (SAB) No. 121, eliminating a significant barrier for banks...

Business

Wall Street predicts gold to reach $3000 amid rate cuts

kuwait-live.comAugust 20, 2024August 20, 2024

August 20, 2024August 20, 2024

As 2024 progresses, gold has surged by over 20%, drawing heightened interest from Wall Street as it begins to outshine the broader U.S. stock market....

Business

S&P 500 hits record high as Wall Street gains momentum

kuwait-live.comJanuary 22, 2024January 22, 2024

January 22, 2024January 22, 2024

In an optimistic start to the week, stock markets in the United States witnessed a surge in prices, further building on the historic momentum from...

Technology

Apple surpasses $3 trillion market cap, a historic milestone

kuwait-live.comJuly 1, 2023July 1, 2023

July 1, 2023July 1, 2023

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...

Business

Wall Street faces staffing cuts as Morgan Stanley plans to eliminate 3,000 jobs

kuwait-live.comMay 3, 2023May 3, 2023

May 3, 2023May 3, 2023

As the slump in Initial Public Offerings (IPOs) and mergers on Wall Street continues to deepen this year, leading advisory firms including Morgan Stanley, Bank...

Business

Carl Icahn on the defensive as Hindenburg Research alleges overvaluation

kuwait-live.comMay 3, 2023May 3, 2023

May 3, 2023May 3, 2023

Carl Icahn, the activist investor known for instigating corporate confrontations, has recently become a target himself. Hindenburg Research, a notorious short-selling research firm, disclosed a...

Business

Nasdaq falls as oil prices soar amid concerns of inflation and recession

kuwait-live.comApril 4, 2023April 4, 2023

April 4, 2023April 4, 2023

The Nasdaq Composite fell 0.6% on Monday as oil prices soared amid concerns of inflation and a looming recession. The S&P 500 remained mostly flat...

Business

CEO of JPMorgan says it is too soon to declare victory over inflation

kuwait-live.comFebruary 9, 2023

February 9, 2023

JPMorgan Chase & Co.'s CEO Jamie Dimon cautioned against declaring victory too soon against inflation, warning the Federal Reserve might raise interest rates above 5%...