| 11.04.2024 05:43
Stocks plummet as hot inflation data dashes hopes of June rate cut
U.S. stocks took a sharp nosedive on Wednesday following the release of new inflation data that indicated prices had accelerated for the third consecutive month, raising concerns about the possibility of Fed rate cuts this year. The S&P 500 slumped 1.1% in early trading, on track for one of its wor...
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| 03.04.2024 15:43
Brothers Plead Guilty in Trump Media Insider Trading Scheme
The Shvartsman brothers from Florida pleaded guilty on Wednesday to insider trading charges, admitting to making over $22 million illegally before the public announcement in 2021 that an acquisition firm was taking former President Donald Trump's media company public. Michael and Gerald Shvartsman...
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| 03.04.2024 14:20
Trump sues Truth Social co-founders and 'Apprentice' contestants for stock loss
Former President Donald Trump's media business, Trump Media & Technology Group (TMTG), has found itself embroiled in a legal battle with two of its co-founders, Andy Litinsky and Wes Moss. The lawsuit, filed in Florida state court on March 24, alleges that Litinsky and Moss mismanaged the business...
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| 04.12.2023 11:25
Stock market today: Wall Street opens mixed and is still headed for big gains in November
Stocks opened slightly lower on Wall Street on Monday as investors awaited key reports on the job market that could provide insight into the Federal Reserve's approach to interest rates. The S&P 500 was down 0.6%, coming off its best month in over a year. The Dow Jones Industrial Average fell 107 p...
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| 24.11.2023 19:48
Global markets mixed as Japan and US take holidays
In a half-day trading session on Friday, stocks in the U.S. closed with a mixed finish. The S&P 500 inched up 0.1%, while the Dow Jones Industrial Average gained 0.3%. Conversely, the Nasdaq composite slipped 0.1%. Overall, the S&P 500 added 2.72 points to reach 4,559.34, the Dow rose 117.12 points...
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| 14.11.2023 13:48
Stock market today: Wall Street drifts ahead of reports on inflation and big retailers" profits
Global Shares Rise Ahead of US-China Summit and Data Releases Global shares were mostly higher on Tuesday as investors awaited potentially market-moving developments, including a U.S.-China summit and data releases in the U.S., Japan, and China. Futures edged higher, and oil prices also logged mode...
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| 30.10.2023 15:04
Wall Street fluctuates as profit warnings and economic data create mixed trading
In a week that could see more volatility in financial markets, Wall Street began to claw back some of its recent losses on Monday. The S&P 500 rose 1.2% in its first trading session after dropping over 10% below its high point for the year. The Dow Jones Industrial Average increased by 509 points,...
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| 27.07.2023 11:11
Fed Raises Key Interest Rate to 22-Year High
The Federal Reserve made a significant move on Wednesday as it hiked interest rates once again, reaching a 22-year high. Federal Reserve Chairman Jerome Powell announced the unanimous decision to raise rates by a quarter-point, bringing the benchmark federal-funds rate to a range between 5.25% and...
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