The S&P 500 closed at an all-time high on Friday, signaling a strong rebound for the stock market after a brief stumble at the beginning of the new year. The broad market index surged 1.23% to settle at 4,839.81, surpassing its previous record intraday and closing highs set in January 2022. This impressive performance was
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In a surprising turn of events, tech companies, spearheaded by Apple, managed to ignite the stock market on Thursday. After facing significant losses earlier in the trading session, the Dow Jones Industrial Average made an impressive comeback, adding 201.94 points or 0.54%, to finish at 37,468.61. Meanwhile, the tech-heavy Nasdaq Composite surged by 1.35% to
Argentina’s President Javier Milei has made a bold call at the World Economic Forum in Davos, Switzerland. In his address, he urged business and political leaders to reject socialism and embrace “free enterprise capitalism” as the solution to global poverty. Milei highlighted the dangers he sees in the current world order, where those who should
The Asia-Pacific markets witnessed a sharp decline on Tuesday, with Japanese stocks putting a halt to their impressive rally since the beginning of the year. The Nikkei fell by 0.72% in early trading following Japan’s corporate goods price index figures, which came in flat year-on-year. This was unexpected, as economists in a Reuters poll had
The European Central Bank (ECB) is likely to defy market expectations and refrain from implementing interest rate cuts throughout the entirety of 2024. This statement was made by Robert Holzmann, a member of the ECB’s Governing Council. Contrary to those who anticipate a rate cut as early as April, the central bank governor of Austria
On Sunday, London police arrested six pro-Palestine activists who were allegedly planning to disrupt trading by locking themselves to the doors of the London Stock Exchange. The arrests were made following a tip-off from The Daily Express, a UK newspaper that had sent an undercover reporter to Palestine Action group meetings where the protests were
China, the world’s largest exporter, faced a challenging year in 2023 as its annual exports saw a significant decline for the first time in seven years. According to customs data, exports fell by 4.6% in 2023, marking a substantial drop after years of consistent growth. This decline was primarily driven by slower global growth and
Goldman Sachs, a major investment bank, has expressed its bullish stance on the technology sector, particularly Asian tech hardware stocks. In a recent note, the bank highlighted various opportunities in the industry, emphasizing key factors such as cyclical recovery, artificial intelligence, and the impact of geopolitical conditions. Goldman Sachs’ analysts, led by Daiki Takayama, believe
The electric vehicle market has been heating up in recent years, with Tesla and BYD emerging as key players in the industry. Tesla, a long-time investor favorite, has dominated the global electric vehicle market for years. However, data from the fourth quarter of 2023 revealed that BYD has dethroned Tesla as the top EV maker
The U.S. Securities and Exchange Commission (SEC) has recently denied rumors of approving Bitcoin exchange-traded funds (ETFs) after a false announcement on social media. The SEC clarified that its official Twitter account had been compromised, and the tweet regarding the approval of Bitcoin ETFs was unauthorized. Unauthorized Social Media Post On Tuesday, the SEC stated