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Dow, S&P 500, Nasdaq Decline Amid Hot Inflation Data, AI Selloff: CRWV, NBIS, NVDA, IBRX Stocks In Focus
Red-hot inflation data, triggered by soaring energy prices, weighed heavily on markets on Wednesday....
Global tech sell-off deepens as Asian markets tumble
AI-related stocks in South Korea and Japan suffer after Wall Street falls on hot US inflation...
KOSPI Opens 7% Down After Hot US CPI and AI Doubts Grow
South Korea's KOSPI opened sharply lower and slid 7% after hot US inflation data and AI doubts, exte...
Eurozone inflation rises to 2.9% in July
Energy shock will keep ECB on alert ahead of September rate decision
Spain says 49,000 migrants entered Ceuta enclave in one day
Record influx into North African territory is nearly five times higher than at peak of Europe’s 2015 migration crisis
Eurozone inflation rises to 2.9% in July
Energy shock will keep the ECB on alert ahead of September rate decision
Fifa opens door to amending controversial stake sale plan
Football body reaffirms commitment to bringing in external investors despite widespread opposition
What Warsh is (probably) up to
The pro-volatility Fed chair
We’ve moved from income world to wealth world
Passive wealth gains increasingly matter more than earnings for one’s standing in society
JPMorgan walks into another football firestorm
After getting caught up in the Super League controversy, the US bank has been instrumental in Fifa’s plans to raise billions
The return of Boeing
The US aviation giant is winning back trust after a near-decade strewn with disasters. Now it needs to make money again
Russia targets hundreds of Ukrainian petrol stations
Missile and drone attacks on highly flammable fuel stops seen as retaliation for Kyiv’s strikes on refineries
China is smarter about subsidies than everybody else
Beijing is stealing a march on its competitors by targeting strategic sectors
Stocks rebound and yen jumps on signs of intervention
Asian markets soar after days of heavy selling
Big Tech AI spending spree tops $1tn
Google, Amazon, Microsoft and Meta have vastly increased their investments since the AI boom began in 2023