Major technology stocks, which have driven much of the stock market’s remarkable gains over the past year, have experienced a significant downturn this week. This marks the steepest decline for these stocks in nearly a year, triggered by new economic data and evolving expectations about […]
Investors, who had largely priced in a decisive victory for the BJP, were met with a rude shock as the party failed to secure a strong mandate in the 2024 Lok Sabha elections.
In a sign of a cooling labor market, U.S. job openings have fallen to their lowest level in over three years, according to the latest data from the Labor Department
Germany, the largest economy in Europe, is on a precarious economic path, facing potential stagnation due to its ageing population, warns the International Monetary Fund (IMF).
In a striking turn of events, Sam Altman has been reinstated as the CEO of OpenAI, merely a week after his unexpected dismissal from the pioneering AI company he co-founded. This development follows an intense five-day period marked by rigorous discussions and negotiations.
Changpeng Zhao, known as “CZ” in the cryptocurrency world, recently stepped down as the CEO of Binance, the globe’s largest cryptocurrency exchange. This unexpected move came alongside his guilty plea to serious federal money laundering charges.
US President Biden and President Xi Jinping of China held a rare face-to-face meeting on Wednesday, seeking to ease tensions and find areas of cooperation amid a host of thorny issues that have strained the world’s most important bilateral relationship.
The low-cost carrier said it expected to make an after-tax profit of between €1.85 billion and €2.05 billion ($2.1 billion and $2.3 billion) in the fiscal year ending in March 2024, surpassing its previous record of €1.45 billion in 2018.
Berkshire Hathaway, the conglomerate led by Warren Buffett, reported a 40% increase in its operating earnings for the third quarter of 2023, as well as a record-high cash balance of $157 billion.
South Korean stocks soared on Monday after the government announced a full ban on short selling for about eight months, a move that aimed to curb illegal use of the trading strategy and protect retail investors.
Gross domestic product (GDP), the broadest measure of economic activity, increased at an annualized rate of 4.9% in the July-September period, the highest since the fourth quarter of 2021, when it grew by 5.1%.
The Bank of Japan (BoJ) is facing mounting challenges as it tries to maintain its ultra-loose monetary policy amid a weakening yen and rising global bond yields.
China’s currency, the yuan, has come under pressure as capital is leaving the country at the fastest rate in over seven years, according to data from the Institute of International Finance.
Argentina is bracing for a political earthquake as Javier Milei, a far-right libertarian economist and former rock musician, is poised to win the presidency in a runoff election on November 19.
