On Wednesday, Asian markets experienced a downturn following a halt to the eight-day winning streak of U.S. benchmark indexes, the S&P500 and the Nasdaq Composite. The S&P 500 dropped by 0.2%, while the Nasdaq Composite fell by 0.33%. Additionally, the Dow Jones Industrial Average saw a decrease of 0.15%. Japan’s trade data for July revealed
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The recent sinking of a luxury yacht off the coast of Sicily has left several individuals missing, including the chairman of Morgan Stanley International, Jonathan Bloomer. Along with Bloomer, Clifford Chance lawyer Chris Morvillo has also been reported missing. The yacht, known as the “Bayesian,” was carrying 10 crew members and 12 passengers when it
Last week, Wall Street had its best week of 2024 as it recovered from a previous rout earlier in the month. The S&P 500 surged nearly 3.9%, bringing it close to its July high, while the Nasdaq Composite saw an even more impressive gain of 5.2%. On the other hand, the Dow Jones Industrial Average
Ukraine’s State Emergency Service reported a Russian missile attack in the city of Sumy that resulted in a blaze, injuring two individuals and causing damage to cars and nearby buildings. This attack, involving an Iskander-K cruise missile and an aerial bomb, marks a continued assault on Ukraine by Russia despite Ukrainian forces making advancements into
In a startling turn of events, Russia’s foreign ministry has accused Ukraine of using Western rockets, most likely U.S.-made HIMARS, to destroy a bridge over the Seym river in the Kursk region. This attack resulted in the tragic deaths of volunteers who were attempting to evacuate civilians from the area. Maria Zakharova, spokeswoman for the
Deutsche Bank, a German lender, has been embroiled in a long-running legal battle over its acquisition of German retail banking giant Postbank in the late 2000s. The crux of the challenge against the bank is that it underpaid for the acquisition, leading to a legal battle spanning over a decade. The proposed settlement put forward
China’s economic landscape in July presented a mixed picture, with retail sales surpassing expectations by growing 2.7% year-on-year, while industrial production fell short of forecasts, increasing by only 5.1% compared to the expected 5.2%. This disparity raises concerns about the overall health of the Chinese economy and its ability to sustain growth in the face
The Asia-Pacific markets experienced an extension in gains on Wednesday following the release of lower-than-expected producer prices in the U.S. for July. This positive development boosted investor confidence and set a positive tone for the trading day. The producer price index, which serves as a measure of wholesale inflation, saw a modest increase of 0.1%
European stocks experienced a slight increase on Tuesday, with the pan-European Stoxx 600 index trading 0.2% higher in the afternoon. Despite earlier losses, utilities saw a rise of 0.8% while mining stocks slipped by 0.7%. This follows a mixed closing for European stocks on Monday, with upcoming U.S. and U.K. inflation data attracting investor attention.
The Pentagon recently announced that the U.S. is sending more troops and military hardware to the Middle East in an effort to bolster its resources to defend Israel. This decision was made in response to escalating tensions in the region, particularly following Iran’s threats of retaliation against Israel after the assassination of Hamas’ former political