Following three days of sharp losses caused by worries about how interest rates continuing to rise will affect the US economy, stocks sawsawed on Wednesday, finishing neutral. While the Dow Jones Industrial Average (DJI) fell 0.2%, the S&P 500 (GSPC) ended slightly over the flatline. The heavily tech-focused Nasdaq Composite (IXIC) rose 0.2%. The market … Read more
After the Fed’s higher-for-longer stance on interest rates sent markets lower throughout the previous week, stocks rebounded on Thursday in an effort to recoup some of their losses. The Dow Jones Industrial Average (DJI) increased by around 0.3% while the S&P 500 (GSPC) increased by roughly 0.6%. The advances were led by the tech-heavy Nasdaq … Read more
US benchmark crude fell nearly $2 after surging to the highest level in more than a year. While dwindling oil inventories at Cushing, Oklahoma — the delivery point for US futures — have sent key price gauges surging, the rally hit technical resistance with the 14-day relative strength index signaling a correction. Still, the outlook … Read more
American Express (AXP) moved -0.81% from the previous trading session to conclude the most recent trading day at $149.90. This shift was slower than the S&P 500’s daily increase of 0.02%. The tech-heavy Nasdaq increased by 0.22% at the same time that the Dow fell by 0.2%. Shares of the worldwide payments company and credit … Read more
The U.S. stock markets fell sharply on Tuesday, September 26, with the Dow reaching its lowest level since March due to low consumer confidence, ongoing inflation concerns, and worries about rising interest rates. In September, the Conference Board’s index measuring consumer confidence dropped to 103. The S&P 500 saw losses across the board, with utilities … Read more
According to a statement released by the ministry on Thursday, Lan Foan has been appointed by the Chinese Communist Party as the next party chairman of the finance ministry, putting him in line to succeed Jiang Zemin as finance minister. While Liu Kun will be replaced in that position, he will continue to serve as … Read more
This was quickly followed by albo’s strategic purchase of the technology company delt.ai for US$20 million. Albo’s remarkable success sets the company for profitability in 2024 despite the difficulties presented by the current state of the world’s financial system. Earlier investors including US-based Valar Ventures and Mexico-based Nazca Ventures contributed significantly to the funding, which … Read more
