Digital World Shares Drop 5% as Trump Returns to Social Media
Shares of Digital World Acquisition Corp, a special purpose acquisition company (SPAC) that had previously announced plans to merge with the media venture of former...
Stocks Retreat After Powell’s Jackson Hole Remarks
Experiencing a tumultuous ride on Friday, the stocks of major indices retreat into the red territory as Federal Reserve Chairman Jerome Powell’s remarks during the...
Federal Reserve’s Powell Affirms 2% Inflation Target
Federal Reserve Chairman Jerome Powell delivered a speech on Friday at the Jackson Hole Economic Symposium held in Jackson, Wyoming, where he reiterated the central...
Investors Retreat: $11B Pulled from US Equity Funds
Investors exhibited a growing sense of unease as they withdrew a substantial $11.07 billion from US equity funds during the week ending August 13th. This...
Tesla Tweet Fallout: SEC Settles with Investors for $40M
Investors of Tesla Inc. are on the brink of recovering losses stemming from a consequential tweet made by Elon Musk in 2018, wherein he asserted...
China Considers Stamp Duty Reduction to Revitalize Stock Market
Chinese authorities have recently submitted a draft proposal to the cabinet this month, aiming to breathe new life into the nation’s beleaguered stock market. According...
Stock Futures Rise Ahead of Powell’s Speech Impact
Stock futures edged higher in early Friday trading, as market participants awaited significant insights from Federal Reserve Chair Jay Powell’s speech scheduled for 10:05 a.m....
Interest Rates Worries Drive Stock Market Reversal
In a surprising turn of events on Thursday, the stock market veered downwards despite a remarkable quarterly earnings report from technology behemoth Nvidia. This reversal...
Bearish Outlook: Disney Shares Decline 3.7% to 3-Year Low
Shares of The Walt Disney Company experienced a significant decline of 3.7% on Thursday, marking their lowest valuation in nearly three-and-a-half years. This sharp drop...
Fed’s Collins Eyes Extended Rate Hikes for Inflation Rebound
Boston Federal Reserve President Susan Collins revealed on Thursday that the central bank is contemplating the possibility of additional interest rate hikes as part of...
