‘Ugly’ Technicals Put the US Stock Rally at Risk of Correction
Alarm bells are ringing for analysts who study chart patterns in the US stock market, fueling concern that the latest dip could swell into a full-blown correction of at least 10%. A sharp selloff in the S&P 500 Index on Monday extended the decline from its last...
Ethiopia Confirms First Outbreak of Marburg Virus After Testing
Ethiopia confirmed its first outbreak of Marburg virus disease after sending samples from a cluster of suspected cases of viral hemorrhagic fever for testing earlier this week. The virus is the same strain reported in previous outbreaks in other East African nations,...
Tesla stock falls amid broad tech sell-off, down 10% since Musk awarded $1 trillion pay package
Tesla (TSLA) shares fell more than 2% on Friday as the broader tech sector sold off, with shares now down 10% since CEO Elon Musk received his $1 trillion pay package. At one point in midday trade, Tesla stock dropped below the $400 threshold, hitting lows not seen...
Wrap: Four months of gains wiped out in $37 billion rout
A combination of increasing doubts about interest rate cuts, worries about AI overvaluation and a share crunch on Wall Street combined to strip four months of growth off the Australian share market. A combination of increasing doubts about interest rate cuts, worries...
China Heads for Longest Consumption Slowdown in Four Years
China is heading for its longest slowdown in consumption growth since its post-Covid rebound lost steam more than four years ago, underscoring how the government’s rhetoric about supporting domestic demand has struggled to match reality. Government data due on Friday...
BofA says AI excitement is eclipsing other investing opportunities
For every mega AI deal that has rolled through, lifting investor hopes that the AI transition is here to stay, there's a revival of jitters — whether it's chatter of an asset bubble, impatience for AI-fueled returns, or fears of ill-considered investments. A robust...
Red Flags Emerge in World’s Top Stocks as Korea Volatility Soars
Bets for South Korean stock swings have surged, raising concerns over the rally in this year’s best-performing market. The Kospi 200 Volatility Index has jumped to levels last seen during the April market swoon triggered by Donald Trump’s tariffs. The spike marks a...
US Stocks Extend Rally Despite Mega-Cap Tech Underperformance
Key stock indexes erased losses in a broad-based rally Tuesday afternoon. US stocks gained for a third straight session Tuesday on optimism the US government shutdown is poised to end, even as mega-cap tech shares sank and concerns about lofty valuations persisted....
Nigerian Stocks Suffer Biggest Drop in 15 Years on Tax Concerns
Nigerian stocks tumbled the most in 15 years as foreign investors rushed to sell ahead of a new tax regime set to triple capital gains taxes. The NGX All-Share Index fell 5% on Tuesday, the steepest decline since March 19, 2010. The drop marked the seventh consecutive...
Walgreens Cuts Pay for Hourly Store Workers After $10 Billion Buyout
Walgreens will no longer give many of its retail workers paid vacation time for Thanksgiving, Christmas and other major holidays, as the company looks to cut costs under new owners. The pharmacy chain eliminated six paid holidays for hourly store workers, cutting...
Italy’s FTSE MIB Finally Recoups Declines Since Financial Crisis
Italy’s equity benchmark surpassed its 2007 peak, becoming the last major European index to reclaim declines triggered by the global financial crisis. The FTSE MIB Index — home to banks such as UniCredit SpA and defense firm Leonardo SpA — gained as much as 1.1% to...
Germany Must Ensure Return to Sound Finances, Bundesbank Says
Germany must start dialing back its borrowing limits from 2029 to ensure solid public finances over the long term, according to the Bundesbank. The central bank, which advises the government on economic policy, proposed a three-stage plan to lower debt, and repeated a...
American Airlines CEO says the government shutdown is impacting holiday travel bookings: ‘Nobody wants to put up with hassle’
The longest government shutdown in U.S. history enters its 39th day on Saturday as the Senate extends negotiations into the weekend, and the peak travel season is increasingly at risk. “Of course there’s an impact,” American Airlines CEO Robert Isom told CNBC on...
Concentrated growth: The role of the IT sector
Productivity1 is the engine of economic growth and a key factor in determining standards of living and economic well-being. In this article, we study the distribution of total factor productivity (TFP)2 growth across sectors of the U.S. economy—i.e., the composition...
