Dow jumps 500 points as Broadcom selloff drags Nasdaq lower
US stocks opened lower on Thursday as a sharp selloff in semiconductor shares following Broadcom’s quarterly results weighed on investor sentiment. Markets were
Business
Business
Standard Chartered’s Kendrick keeps $100,000 Bitcoin call amid crypto turmoil
Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered and one of the cryptocurrency industry’s most outspoken supporters, has reaffirmed his
Business
Trafigura delivers record half-year profit, dividend amid global tensions
Trafigura Group delivered a strong financial performance in the first half of its 2026 financial year, posting a net profit of $4.1 billion
Business
Venezuela emerges as key oil ally as India diversifies supplies
India and Venezuela are strengthening their energy partnership, with New Delhi describing the relationship as one of “perfect complementarity” amid severe disruptions in
Business
Bitcoin price hits 200-week trendline amid record ETF outflows and liquidations
Bitcoin is trading near one of its most closely watched long-term technical levels after a sharp selloff pushed the cryptocurrency toward the low-$60,000
Investing
Dollar edges higher as investors weigh economic data
The US Dollar strengthened against major currencies on Wednesday, supported by stronger-than-expected economic data and continued uncertainty surrounding negotiations between the United States
Investing
USD/JPY forecast: Japanese yen crashes as traders predict 2 BoJ rate hikes
The Japanese yen continued its downward spiral today as the US dollar rally gained steam, overriding predictions that the BoJ will hike interest
Economy
FTSE 100 drops amid China banking concerns and falling oil prices
The UK’s benchmark FTSE 100 index fell to its lowest level in more than two weeks on Thursday, weighed down by sharp declines
Economy
AI drives 40% of May layoffs as job cuts hit highest level since 2020
Artificial intelligence is rapidly reshaping the US labor market, with employers increasingly citing the technology as a reason for workforce reductions even as
Economy
US jobless claims rise to 225,000, but labour market remains largely resilient
The number of Americans filing new applications for unemployment benefits increased last week, but the overall level of claims remained consistent with a