A battery-metals recycler that saw a 1,000% jump in its stock price in a year plummeted after a key US government grant was canceled. American Battery Technology Co. fell as much as 25% in pre-market trading on Thursday morning after the company said in a filing Wednesday that the US Department of Energy terminated a […]
Federal Reserve Governor Stephen Miran said he would favor a half-point interest-rate cut this month, and repeated his view that trade tensions add uncertainty to the economy and increase downside risks to growth. “If monetary policy stays as restrictive as it is, and you have a shock like this hit the economy, it does materially […]
(Reuters) -An investor group, including BlackRock and Nvidia, will buy Aligned Data Centers from Macquarie Asset Management in a deal worth $40 billion, the companies said on Wednesday, as AI infrastructure expansion powers on. The deal underscores an intensifying race to expand the costly, supply-constrained infrastructure required to develop artificial intelligence technology, as companies rush […]
Not even Fed Chair Jerome Powell could lift bitcoin out of the red. Following historic losses, triggered by escalating trade tensions between the US and China, cryptocurrency investors have tried to regain their footing. But it’s been a rough slog. Riding on the winds of a booming stock market and the prevailing sense that more […]
US stock futures traded higher as investors looked forward to the start of earnings season, following a strong rebound session that helped the major averages recover from Friday’s tariff-driven drop. Contracts tied to the Dow Jones Industrial Average (YM=F) and S&P 500 (ES=F) rose 0.3% while Nasdaq-100 futures (NQ=F) made 0.4% gains. Earnings season kicks […]
Goldman Sachs Group Inc. agreed to buy venture capital investor Industry Ventures in a deal that expands the Wall Street bank’s reach into the world of American entrepreneurs. Goldman will pay as much as $965 million — starting with $665 million in cash and equity when the transaction is completed, plus up to $300 million, […]
(Bloomberg) — Central bankers, already uneasy about trade tensions and swelling public debt, will collectively confront a new worry in the coming week: the danger of a market crash. Global policymakers and finance ministers will gather in Washington for the International Monetary Fund/World Bank fall meetings after a chorus of warnings that a stock bubble […]
US stocks are at risk of sinking as much as 11% if trade tensions between the US and China aren’t resolved before a November deadline, according to Morgan Stanley’s Michael Wilson. The bank’s chief US equity strategist said the market was poised for a pullback given elevated investor exposure and high valuations, while Friday’s trade-war […]
The stock market will enter the second full week of the government shutdown following a tariff-driven selloff Friday. At the closing bell, the S&P 500 (^GSPC), tech-heavy Nasdaq Composite (^IXIC), and small cap-focused Russell 2000 (^RUT) all saw their worst daily performances since April 10, just a week after the Trump administration released its initial […]
A $7 billion corner of the mortgage world ground to a halt when the government shut down last week, leaving homebuyers and sellers in limbo just before they were set to close. Most types of mortgage lending, including government-guaranteed mortgages such as FHA and VA loans, are continuing as normal throughout the shutdown, with one […]
The stock market may look like it’s on a high, but according to Goldman Sachs (GS), it hasn’t crossed into bubble territory. “There are elements of investor behaviour and market pricing currently that rhyme with previous bubbles,” Peter Oppenheimer, Goldman’s chief global equity strategist, wrote in a new note. “However, we see key differences.” The […]
NEW YORK (AP) — Wall Street took a pause on Thursday as U.S. stocks and even the price of gold pulled back from record highs following torrid runs. The S&P 500 slipped 0.3% from its latest all-time high for just its second loss in the last 10 days. The Dow Jones Industrial Average dropped 243 […]
