Category: Business and Finance

U.S. stock index futures showed little movement on Thursday, retreating slightly after all three major indexes—the S&P 500, Nasdaq, and Dow—closed at record highs in the previous session. Investors are now turning their attention to upcoming employment data and the Federal Reserve’s potential rate decisions, which are driving market speculation. Record Highs Driven by Tech…

As December begins, the financial world is abuzz with new developments that could shape the Stock Market. From record-breaking highs on Wall Street to leadership shakeups at major corporations, here’s what you need to know before trading begins today. 1. S&P 500 and Nasdaq Set New Highs The first trading day of December proved to…

GE Vernova (NYSE: GEV -0.36%) has taken the market by storm, with its stock skyrocketing 166% since its debut in spring. What once was a problem child of General Electric has become a beacon of growth and innovation. Let’s dive into why GE Vernova’s rise is a game-changer and what investors can expect moving forward.…

In 2024, semiconductor leaders Nvidia (NASDAQ:NVDA) and Taiwan Semiconductor (NASDAQ:TSMC) “saw incredible gains, as investors piled into chip stocks of all calibers, in the chase for AI-related gains.” This trend continued into late November, with Nvidia rising 186% and Taiwan Semi up 83% year-to-date. Nvidia’s current market capitalization stands at approximately $3.4 trillion, compared to…

Wall Street’s celebration of President-elect Donald Trump’s Treasury pick, Scott Bessent, may be a tad premature. This week, the S&P 500 and Dow Jones Industrial Average hit record highs as traders assumed that Bessent would temper Trump’s tariff-heavy rhetoric. These threats have fueled fears of inflation and a potential recession, should incoming policies drive up…

President-elect Donald Trump’s late-night post on Truth Social announced plans to impose a 10% tariff on goods from China and a 25% tariff on imports from Mexico and Canada, citing a need to address migration and illegal drugs. The announcement immediately unsettled markets, with the dollar strengthening and stocks falling across major global indices. Immediate…

Global markets responded positively as Donald Trump announced Scott Bessent, a seasoned hedge fund manager, as his choice for U.S. Treasury Secretary. This decision sparked a rally across major financial markets, offering a glimmer of optimism amid recent economic turbulence. Global Markets Cheer the Decision The appointment of Scott Bessent, head of Key Square Group,…

A strong dollar under the new presidency of Donald Trump is poised to disrupt returns on emerging market bonds, according to investors, exacerbating an already challenging environment driven by high interest rates in developed economies. Investors have pulled nearly $5 billion from funds tied to dollar and local currency-denominated emerging market bonds as of mid-November.…

SuperMicro Computer (SMCI) shares soared 12% on Friday, closing out a remarkable week that saw the stock climb nearly 80%. The rally followed a pivotal mention by Nvidia (NVDA) during the chipmaker’s earnings call on Wednesday and a crucial compliance filing earlier in the week. At Friday’s close of $33.15, however, Supermicro remains more than…

NICOSIA, Nov 21 (Reuters) – Europe stands at a precarious crossroads, facing the dual threat of a recession and high inflation, warns Christodoulos Patsalides, Governor of the Central Bank of Cyprus. His stark warning at a conference this Thursday paints a grim picture of what a fresh trade war with the United States could mean…