The White House is tightening its pressure on Democratic lawmakers as the U.S. government shutdown enters its second week, saying it will give them another chance to agree on a spending bill before beginning mass layoffs of federal employees. With the Senate scheduled to vote Monday night for the fifth time on a stopgap bill to keep the government operating until November 21, Kevin Hassett, President Donald Trump's top economic adviser, argued that it's time for Democrats to be "reasonable." Trump has said he will use the government shutdown to lay off thousands more federal employees, who...
US stocks rose on Wednesday, with the S&P 500 and Dow Jones up 0.2% while the Nasdaq gained 0.6%. The gains came after the S&P 500 turned positive for the year a day earlier, although momentum from the recent rally, fueled by the U.S.-China tariff cuts, appeared to be fading. Investors also eyed President Trump's visit to the Middle East, which has drawn attention to the market. The technology sector was the best performer so far while real estate and utilities underperformed. Nvidia shares jumped more than 3%, building on a 5.6% gain from the previous session as the company will...
The Hang Seng surged 532 points or 2.3% to close at 23,641 on Wednesday, recovering from the prior session's sharp drop after softer-than-expected U.S. consumer inflation eased concerns over the inflationary impact of U.S. tariff policies. Gains were broad-based, led by consumers and financials. The tech index also saw solid gains, as Nvidia and AMD will supply semiconductors to Saudi Arabia's Humain for a data center project. Separately, the U.S. is reportedly mulling a deal allowing the UAE to import over a million advanced Nvidia chips. Investors turned their focus to earnings from...
Japanese stocks were down after the close on Wednesday (5/14), as losses in the Paper & Pulp, Transportation and Communications sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.14%. The best performers on the Nikkei 225 were Nexon Co Ltd (TYO:3659), which rose 16.88% or 382.50 points to trade at 2,648.50 at the close. Meanwhile, Takara Holdings Inc. (TYO:2531) gained 9.40% or 107.00 points to close at 1,245.50 and Marui Group Co., Ltd. (TYO:8252) gained 8.95% or 253.00 points to 3,079.00 in late trade. The worst performers on the session were Idemitsu Kosan...
European stock markets lacked direction on Wednesday, with the STOXX 50 and STOXX 600 fluctuating around the flatline, with the recent rally, fueled by easing global trade tensions, showing signs of losing steam. Travel and leisure, real estate and oil and gas stocks led gains, while media, utilities and chemicals lagged. Traders were also closely watching corporate earnings. Daimler Truck Holding rose about 1% after the company cut its full-year outlook but maintained margin expectations for its North American truck division. E.ON edged up 0.2%, reaffirming its full-year guidance....
Hong Kong stocks rose 259 points, or 1.1%, to 23,368 in early trade on Wednesday, recovering from sharp losses in the previous session as most sectors rallied ahead of key earnings from major Chinese technology companies. The Hang Seng Tech Index led the gains, jumping 1.3%, after a rally in U.S. chipmakers overnight on news that Nvidia and AMD will supply semiconductors to Saudi firm Humain for data center projects. Ubtech Robotics jumped 3.3% after announcing a partnership with Huawei to launch humanoid robots in homes and factories. Consumer and financial stocks also posted solid gains,...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Hamas officials were in Egypt on Monday (October 6th) ahead of talks with Israel that the US hopes will lead to an end to the war in Gaza and the release of hostages, despite contentious issues such...