The United States ordered a blockade of Venezuelan oil tankers because the Trump administration believes President Nicolás Maduro's regime is acting detrimentally to the United States and the world. Trump has labeled the Venezuelan government a "foreign terrorist organization" and accused the regime of asset theft, terrorism, drug trafficking, and human trafficking. He has therefore decided to block tankers sailing in and out of Venezuela as part of an economic and political pressure campaign. This move is also part of a broader US pressure campaign, including the seizure of tankers...
US stocks weakened for a second straight day on Wednesday as investors weighed pressure on AI leaders, mixed signals from the Federal Reserve, and profit-taking near record highs. The S&P 500 fell 0.3%, the Nasdaq 100 and the Dow Jones Industrial Average each fell 0.4%, extending Tuesday's decline that ended a three-day winning streak. Nvidia fell nearly 1% after announcing a $100 billion partnership with OpenAI, while Oracle fell 1.7% and Micron Technology slumped 2.9% despite posting higher-than-expected earnings. Conversely, Alibaba's pledge to increase AI spending beyond its initial...
European stocks closed near the flatline on Wednesday (September 24), extending the relatively subdued movement in equity markets this week, as weakness among major luxury brands offset modest gains in other sectors. The Eurozone STOXX 50 and the pan-European STOXX 600 were both flat on the session. Luxury brands reversed their strong momentum from yesterday to close sharply lower, with LVMH, Hermes, Ferrari, L'Oreal, and EssilorLuxxotica all down between 3% and 1.5%. Meanwhile, companies in the crude oil exploration and extraction sector rose sharply amid a rebound in benchmark prices,...
US stocks rose on Wednesday (September 24), paring losses from the previous session as the market assessed the prospects for returns on large investments in artificial intelligence and the outlook for long-term US interest rates. The S&P 500 and Nasdaq 100 rose 0.3%, while the Dow Jones Industrial Average rose 100 points. Companies in the AI sector rose sharply after Alibaba announced plans to increase AI spending beyond the $50 billion initially promised. The Chinese tech giant's depositary receipts (DRPs) jumped 8%, while Nvidia and MetaTrader 5 each rose nearly 1%. Meanwhile,...
The Hang Seng Index rose 1.4% at 26,518.65 in Hong Kong. The move follows the previous session's decrease of 0.7%. Alibaba Group Holding Ltd. contributed the most to the index gain and had the largest move, increasing 9.2%. Today, 49 of 88 shares rose, while 36 fell; 2 of 4 sectors were higher, led by commerce and industry stocks. Source: Bloomberg
European stocks were lower on Wednesday, with the STOXX 50 falling 0.2% and the STOXX 600 losing 0.3%, as investors remained cautious following remarks from Fed Chair Powell the previous day. Powell highlighted persistent risks in both the labor market and inflation, while also noting that equity prices appear relatively high. Geopolitical tensions also stayed in focus, with US President Trump escalating his rhetoric against Russia. "I think Ukraine, with the support of the European Union, is in a position to fight and WIN all of Ukraine back in its original form", Trump posted on social...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...