MAY 9 – Wall Street’s major indexes advanced for the third consecutive session on Friday, buoyed by investor optimism surrounding an upcoming high-level meeting between the United States and China. This sustained rally highlights the market’s renewed confidence in potential progress on trade negotiations between the world’s two largest economies. The stock market initially wavered … Read more
Omaha, May 3 – After more than 60 years of transformative leadership, Warren Buffett has announced his decision to step down as Chief Executive of Berkshire Hathaway (BRKa.N) at the end of this year. The company will enter a new era with Vice Chairman Greg Abel assuming the role of CEO, a move Buffett confirmed during … Read more
LONDON, May 2 – On Friday, global equities surged while U.S. Treasuries lost appeal, driven by renewed hopes for improved U.S-China trade relations and stronger-than-expected job figures that eased concerns about the economic impact of American tariffs.MSCI’s world share index climbed 0.6%, returning to levels last seen before a steep decline triggered by U.S. President … Read more
April 25 – European equities posted modest gains on Friday, buoyed by emerging signs of reduced tensions between the United States and China over their long-standing trade dispute. Optimism around potential tariff rollbacks and strong corporate earnings across the region helped push markets higher, keeping investors cautiously hopeful. Trade War Truce Hopes Fuel Gains Investor … Read more
SYDNEY/LONDON, April 23 – Worldwide financial markets breathed a sigh of relief on Wednesday as President Donald Trump dialed back his earlier critical remarks about Federal Reserve Chairman Jerome Powell. The clarification brought a wave of calm to investors who had been shaken by the previous day’s rhetoric. Trump Retreats from Fed Dismissal Talk In … Read more
SINGAPORE/LONDON, April 11 – Global financial markets closed the week in disarray as a storm of escalating trade hostilities between the United States and China rattled investor confidence, sending stocks on a volatile rollercoaster and causing the dollar to nosedive. Friday saw a frenzied end to a turbulent week as investors scrambled to reposition themselves … Read more
PARIS, April 8 – The global economic community is voicing concern as the United States appears to undergo a significant transformation in its economic behavior and policy direction. This shift has sparked reactions across major financial markets and has prompted strong commentary from international financial leaders, including the CEO of Euronext, Stephane Boujnah. During a … Read more
April 4 – U.S. stock futures plunged on Friday morning, signaling further turbulence in the markets after China hit back with steep tariffs on American products. The retaliatory move deepened trade tensions and added fuel to concerns about a broader economic downturn. The Chinese Ministry of Finance revealed that starting April 10, all U.S. goods … Read more
March 28 – Elon Musk’s artificial intelligence company, xAI, has officially acquired X, the social media platform formerly known as Twitter, in a strategic deal that values the platform at $33 billion. This acquisition is expected to further integrate AI-driven advancements within X while also allowing xAI’s value to be shared with its co-investors. A Move … Read more
ISTANBUL, March 19 – Turkey’s financial markets faced a significant downturn on Wednesday following the arrest of Ekrem Imamoglu, the mayor of Istanbul and a key opposition figure. The Turkish lira plunged as much as 12.7%, reaching an all-time low of 42 to the U.S. dollar before recovering slightly to 38.90 later in the day. … Read more