Federal Reserve President John Williams sparked a major equity rally on Friday by signaling that the central bank still has room to cut interest rates in the near term, boosting investor appetite for risk. The Dow Jones surged more than 700 points during the session as traders recalibrated expectations for a December rate reduction, with
Bitcoin plunged below $81,000 on Friday, its lowest since April, as liquidations and institutional outflows threatened to break a key technical level, risking widespread forced selling in crypto. The world’s largest cryptocurrency dipped as low as $80,548 before stabilizing near $85,702, erasing what little remained of its year-to-date gains and signaling fragile support in a
Amazon and Microsoft are among the tech giants who have collectively pledged $349 billion to AI infrastructure, betting hyperscale returns will materialize. Yet one prominent analyst just broke ranks with Wall Street consensus, downgrading both tech giants. His verdict: the market is pricing in returns that simply won’t happen. It’s a rare moment of skepticism
Oracle stock price has suffered a major reversal as concerns about the artificial intelligence (AI) and its soaring debt remain. ORCL dropped to a low of $198, down by over 36% from its highest point this year. Its market cap has dropped from over $967 billion to $530 billion. Oracle stock has crashed amid debt
SanDisk stock (NASDAQ: SNDK) tanked roughly 20% on Thursday in a brutal reversal that caught many investors off guard. The memory chip maker had been riding high just days earlier on strong Q1 earnings and exceptionally bullish guidance for Q2, with stock price targets from top analysts ranging as high as $230-$300. Then came November
Asian semiconductor stocks faced sharp declines on Friday after Nvidia’s unexpected drop on Wall Street triggered a broad sector-wide pullback, despite the US chip designer posting stronger-than-expected earnings and offering an upbeat outlook. The retreat was led by steep losses in Japan’s SoftBank, which fell more than 10% in Tokyo trading. Broad declines across major
Global economic developments unfolded across multiple regions on Friday, with US banks altering their support strategy for Argentina, Japan unveiling a sweeping stimulus package, OpenAI expanding its AI infrastructure footprint through a new partnership with Foxconn, and Singapore raising its 2025 economic outlook on stronger-than-expected growth. US banks scale back Argentina support package JPMorgan Chase,
Things used to be simple in the markets. AI would carry US stocks higher for a couple of years, regardless of what the economy looked like. But this story broke down in recent days, even with the king of AI stocks, Nvidia, delivering another strong set of numbers. The market cheered for an hour, and
Ocado share price continued its painful crash this week as it plunged to its lowest level since 2013. It has plunged from the pandemic high of 2,910p to the current 187p as setbacks accelerated. So, is it safe to buy the dip in this fallen angel? Ocado in trouble amid Kroger woes Ocado, a top
PayPoint share price suffered a big reversal after forming a triple-top pattern on the weekly chart and after publishing relatively weak financial results. PAY plunged by over 20% in its worst day in years. It moved to a low of 512p, its lowest point since June last year. PayPoint share price crashed after forming a