Aug 7, 2024 | Markets
The UK suffered the worst outbreak of rioting in over a decade, sparked initially by the murder of three young girls in northwest England before morphing into anti-immigrant and racist violence in towns and cities across the country. Prime Minister Keir Starmer has...
Aug 6, 2024 | Markets
Worries of US slowdown, AI bubble drive global market rout ‘There are falling knives everywhere,’ one analyst says The numbers flashing on trading screens on Monday were shocking even to market veterans. In Tokyo, the Nikkei was down 12%. In Seoul, the Kospi sank 9%....
Aug 6, 2024 | Markets
Company had replaced its CEO this year, restructured High rates and California subsidy changes have dragged sector After a drawn-out saga involving a restructuring and a management shakeup, one of the most prominent names in US solar, SunPower Corp., has now filed for...
Aug 6, 2024 | Markets
Abnormal Security Corp. raised $250 million in a funding round valuing the startup at $5.1 billion, highlighting investors’ appetite for AI companies trying to reinvent existing technology categories like security. San Francisco-based Abnormal uses AI to protect...
Aug 6, 2024 | Markets
Two-year yield dipped below 10-year for first time since 2022 Traders are pricing in risk of a cut before September meeting A major rally in the $27 trillion Treasury market is laying bare anxiety that the US economy is sliding into recession and the Federal Reserve...
