In an impressive display of strength, the S&P 500 closed at an all-time high on Friday, signaling a resurgence in investor optimism. The broad market index soared 1.23% to settle at 4,839.81, surpassing the previous record intraday and closing highs set in January 2022. This remarkable achievement comes after a brief stumble at the beginning
World
In a surprising turn of events, tech companies, spearheaded by Apple, managed to pull the major averages into positive territory on Thursday. The Dow Jones Industrial Average experienced a comeback, adding 201.94 points or 0.54% after initially facing losses of 143.72 points earlier in the trading session. The 30-stock index closed at 37,468.61. The tech-heavy
Argentina’s President Javier Milei delivered a powerful message during his address at the World Economic Forum in Davos, Switzerland. He urged business and political leaders to reject socialism and instead embrace “free enterprise capitalism” as the solution to global poverty. Milei expressed his concerns about the Western world being co-opted by a vision that inevitably
On Tuesday, Asia-Pacific markets witnessed a decline, while Japanese stocks halted their record-breaking rally that had been ongoing since the beginning of the year. The Nikkei fell 0.72% in early trading after Japan’s corporate goods price index came in flat year-on-year, which was contrary to economists’ expectations of a 0.30% fall, according to a Reuters
The European Central Bank (ECB) is considering defying market expectations and postponing interest rate cuts until 2024, according to Robert Holzmann, a member of the ECB’s Governing Council. This decision may come as a disappointment to those who anticipated a rate cut as early as April. Holzmann, the central bank governor of Austria, made these
London police apprehended six pro-Palestine activists on Sunday for their alleged plans to disrupt trading at the London Stock Exchange. The arrests were made following a tip provided by the U.K. newspaper, The Daily Express. The publication had sent an undercover reporter to infiltrate the Palestine Action group meetings where the protests were being coordinated.
China, known for its robust manufacturing sector and global trade dominance, experienced a significant setback in 2023 as its annual exports declined for the first time in seven years. Despite an increase in shipments in December that exceeded expectations, the overall trend points to a struggling economy. This article analyzes the implications of China’s falling
Investors have been showing a strong interest in technology stocks, particularly in the Asian tech hardware industry. Goldman Sachs, a prominent investment bank, has also expressed their bullish stance on this sector. In a recent note, they outlined the various opportunities for growth and success, including factors such as cyclical recovery, artificial intelligence, and geopolitical
In a recent report, investment firm Bernstein stated that 2024 “looks tough” for Tesla, particularly in terms of profitability. The firm believes that Tesla will struggle to achieve its target of growing deliveries by 20% in 2024 and 2025, which is well below the company’s goal of 50%. Furthermore, Bernstein predicts that Tesla’s margins and
The U.S. Securities and Exchange Commission (SEC) made a statement on Tuesday denying the approval of bitcoin exchange-traded funds (ETFs) amid a social media hack. A tweet from the SEC’s official Twitter account indicated that the agency had approved bitcoin ETFs for trading. However, the SEC quickly clarified that the tweet was unauthorized and that