The Dow Jones Industrial Average (DJIA) hit another weak patch on Monday, backsliding nearly 500 points and slipping back below the 47,000 handle to start the new trading week with many of the same questions from last week going unanswered.
The AI segment continues to see new challenges amid concerns about endpoint revenues, and investors are hoping that a kickstart to official data sources following the reopening of the federal government will help push the Federal Reserve (Fed) to deliver a third straight interest rate cut in December.
Alphabet shares supported by Berkshire investment
Shares in Google parent holding company Alphabet (GOOG) rose over 3% on the day after it was revealed that Warren Buffett's Berkshire Hathaway (BRK) poured $4.3 billion into a stake in the Google search and YouTube giant at the end of September.
Hyper-traditionalist investor Warren Buffett recently announced his retirement by the end of the year to Berkshire shareholders, leading to speculation that a play into Google properties is being spearheaded by more tech-friendly names in the Berkshire flagship.
Source: Fxstreet
The three major stock averages in the US swung around the flatline on Monday, as investors braced for the resumption of economic data releases from major statistical agencies following the end of last...
Asian stock markets opened cautiously at the start of the week, with the MSCI Asia Pacific index rising slightly by 0.2%. The Kospi led the gains, while Japan's Nikkei index fell 0.5% after data showe...
US stocks recovered from sharp early losses on Friday (November 14th), but closed flat to lower as investors bought back major technology stocks and reassessed the likelihood of a December interest ra...
US stocks moved lower on Friday, with the S&P 500 down 1% and the Nasdaq falling 1.6%, both hitting one-month lows, while the Dow Jones dropped about 400 points. The tech sector remained under he...
Gauges in Japan, South Korea and Australia all opened weaker, even as an index of the region was poised for its third gain in four weeks. The S&P 500 closed 1.7% lower while the Nas...
Oil prices are expected to decline through 2026, Goldman Sachs said on Monday, citing a production surge that will keep the market in a large surplus of around 2 million barrels per day. The bank forecast Brent crude will average $56 a barrel and...
Gold prices fell more than 1% on Monday, pressured by a stronger dollar and diminishing expectations of a US interest rate cut next month, as investors awaited delayed economic data this week that could provide clues about the Federal Reserve's...
The Dow Jones Industrial Average (DJIA) hit another weak patch on Monday, backsliding nearly 500 points and slipping back below the 47,000 handle to start the new trading week with many of the same questions from last week going unanswered. The AI...
Asian stock markets opened cautiously at the start of the week, with the MSCI Asia Pacific index rising slightly by 0.2%. The Kospi led the gains,...
The three major stock averages in the US swung around the flatline on Monday, as investors braced for the resumption of economic data releases from...
The global geopolitical situation is once again showing signs of escalation, particularly in the Asia-Pacific region. A ship collision between the...
Federal Reserve Vice Chair Philip Jefferson said on Monday the U.S. central bank needs to "proceed slowly" with any further interest rate cuts as it...