Wall Street Jitters as New York Community Bancorp Cuts Payout
Regional U.S. bank stocks fell sharply on Wednesday, led by a 37.6% decline in New York Community Bancorp (NYCB.N) shares, b after the company unexpectedly declared a loss and reduced its dividend, rekindling concerns about the stability of other lenders.
Feb 02, 2024 11:50 AM EST
Record Gold Demand Highlights Global Economic Worries
As a result of ongoing geopolitical unrest and China's economic slowdown, investors gravitated toward gold as a safe haven asset in 2023, according to a research by the World Gold Council.
Fed Holds Steady: Will It Spur Business Investment or Cool Consumer Spending?
The Federal Reserve decided to keep its benchmark interest rate steady at the end of its first monetary policy meeting of 2024, which was largely anticipated on Wall Street.
Recession Watchlist Grows as Historic Indicator Flashes Red
Since the start of this decade, investing on Wall Street has been nothing short of an experience. In recent years, three major indexes have fluctuated between bull and bear markets: the venerable Dow Jones Industrial Average , the broad-based S&P 500 and the innovation-focused Nasdaq Composite.
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Exxon, Nvidia, and Stock Markets Brace for Impact: Trump and Biden's Battle in the 2024 Election
Investors are thinking ahead of time about a potential Biden-Trump rematch as former president Donald Trump gets closer to securing the GOP nominee.
Jan 29, 2024 4:27 AM EST
Record Close for S&P 500 Fueled by Tech Boom, Netflix Exceeds Revenue Expectations
On Wednesday, markets concluded in a mixed bag, with tech stocks leading the way as the S&P 500 recorded its fourth consecutive record finish.
Jan 25, 2024 8:31 AM EST
Chips Power S&P 500 to Fresh Record, Chipmakers Surge on AI Optimism
The stock market experienced a surge to unprecedented levels on Friday, as investor optimism regarding anticipated interest rate cuts by the Federal Reserve and robust corporate profits fueled a rally on Wall Street.
Jan 22, 2024 9:39 AM EST
Silicon Surge Electrifies Wall Street: S&P 500 Inches Toward All-Time High on AI Hype
Thursday's dramatic increase in U.S. equities saw the S&P 500 close to all-time highs as advances in Nvidia and other chipmakers were fueled by confidence about artificial intelligence.
Jan 19, 2024 3:40 AM EST
Red Alert on Wall Street: Stocks Tumble With Apple Leading the Retreat
Tuesday's closing price of U.S. equities was lower due to pressure from banks on mixed results from Morgan Stanley and Goldman Sachs, as well as sell-offs in Apple and Boeing that affected the S&P 500.
Jan 17, 2024 12:14 AM EST
Helium: The Billion-Dollar Network No One Uses
If a pioneer in crypto passive income existed, it had to be Helium. In its early days, in a year providing IoT coverage for Helium, people raked in thousands, even hundreds of thousands.
Jan 13, 2024 2:10 PM EST
Oil Surges on Safe-Haven Demand After US, UK Launch Airstrikes Against Houthi Targets in Yemen
Global equities rose marginally on Friday, but oil rose as the crisis in the Red Sea region threatened to grow, although slightly hotter US inflation data did not change investors' conviction that interest rates may soon begin to fall.
Jan 12, 2024 9:20 AM EST
Hacked Tweet Shakes Market as SEC Denies ETF Approval
The Securities and Exchange Commission declared on Tuesday that the agency's account was hacked and that a post made from the agency's account on the social media site X announcing the approval of a much-anticipated bitcoin exchange-traded fund was "unauthorized."
Jan 10, 2024 9:33 AM EST
Hewlett Packard Enterprise in Talks to Acquire Juniper Networks for $13 Billion
According to a source familiar with the negotiations, Hewlett Packard Enterprise is in talks to acquire Juniper Networks , valuing the network gear manufacturer at around $13 billion.
Jan 09, 2024 4:40 AM EST
Global Markets Poised for Expansion, Says Goldman Sachs, Citing AI and Green Tech
Peter Oppenheimer, Head of Macro Research at Goldman Sachs in Europe, says artificial intelligence and decarbonization are driving the world economy into a new "super cycle" and stressed the evident shift towards this revolutionary stage of the economy.
Jan 09, 2024 4:03 AM EST
Despite Job Market Rebound, Fed Struggles to Find Desired Slack in Labor Landscape
The COVID-19 pandemic's labor wounds were largely healed by the end of the U.S. economy last year, but policymakers at the Federal Reserve are still stuck waiting for wage and job growth to slow down to a reasonable level.
Jan 08, 2024 10:28 AM EST
US Chip Stocks Drop Sharply After Strongest Year Since 2009, Raising Recession Concerns
U.S. chip stocks continued their losing streak on Wednesday, as Wall Street's primary semiconductor benchmark fell from all-time highs after the industry had its best year since 2009, when it recovered from the financial crisis.
Jan 04, 2024 10:20 AM EST
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