At the time of this writing, the Nasdaq Composite (^IXIC 0.70%) is down 9.4% from its 52-week high, while the S&P 500 (^GSPC 0.55%) is down 6%. While we are nowhere close to a full-blown market crash, the Nasdaq is close to correction territory, which is a drawdown of at least 10%. A crash is […]
Seven & i Holdings, the parent of 7-Eleven, said Thursday it will replace CEO Ryuichi Isaka with lead independent outside director Stephen Dacus, making a foreigner the top executive for the first time, according to domestic media. Dacus will take charge from Isaka on May 27, according to a company filing. Seven & i said that Isaka will […]
Google has begun testing an AI-only search tool as part of its plan to accelerate the roll out of artificial intelligence features across its platforms. Powered by Google’s latest Gemini 2.0 agent, the new AI Mode works by telling using what is on the internet, rather than showing them. Instead of serving up a list […]
NEW YORK (AP) — Wall Street’s sell-off kicked back into gear on Thursday, and a U.S. stock market rattled by the whiplash created by President Donald Trump’s tariffs and uncertainty about the economy fell sharply. The S&P 500 tumbled 1.8% to resume its slide after a mini-recovery from the prior day clawed back some of […]
President Donald Trump said Thursday that his administration would not consider stock market reaction when hammering out the details of its tariff policy. When asked whether the decision to pause tariffs on many products from Canada and Mexico for one month was due to the stock market, Trump said the decision had “nothing to do […]
Stocks rose on Wednesday, staging a recovery rally after back-to-back losses as investors hoped that an exemption for automakers to President Donald Trump’s controversial tariffs opened the floodgates for more concessions. The Dow Jones Industrial Average rebounded 485.60 points, or 1.14%, to finish at 43,006.59, regaining ground after plunging more than 1,300 points over the last two sessions. The S&P […]
SALT LAKE CITY — He has seen it before. Which is why, this time, Shane Stewart isn’t too worried about if the stock market will rebound. “It always does. It always has,” he said. “And I am 99.9% sure it always will.” Stewart is a longtime financial planner with Deseret Mutual Benefits Administrators and knows […]
The Stoxx 600 index was 1.64% higher at 9:58 a.m. U.K. time, following the broad downturn in global equities on Tuesday on tariff concerns. The Stoxx autos index, which tumbled nearly 6% in the previous session, rebounded by 3.4%. Utilities and food and beverage were among the sectors in the red. German stocks were the top performers regionally, with […]
A growth scare in the economy has accompanied worries over a resurgence in inflation, in turn potentially rekindling an ugly condition that the U.S. has not seen in 50 years. Fears over “stagflation” have come as President Donald Trump seems determined to slap tariffs on virtually anything that comes into the country at the same […]
March 3 (Reuters) – Defence stocks powered European shares to a record high on Monday, after expectations mounted of higher military spending in the region, and the prospect of a Ukraine peace proposal boosted sentiment. Germany’s blue-chip index (.GDAXI), opens new tab logged its biggest one-day jump since November 2022, and closed at a record high, alongside Britain’s benchmark […]
NEW YORK, March 3 (Reuters) – Kraken, one of the world’s largest cryptocurrency exchanges, said on Monday the U.S. Securities and Exchange Commission agreed in principle to dismiss a civil lawsuit accusing it of operating illegally as an unregistered securities exchange. In a statement on its blog, Kraken called the dismissal a turning point for […]
SYDNEY, March 3 (Reuters) – Asian share markets made guarded gains on Monday as investors waited anxiously to see if imminent tariffs would go ahead, while bitcoin surged on news it would be included in a new U.S. strategic reserve of cryptocurrencies. U.S. President Donald Trump on social media announced five digital assets he expected to include in a new reserve, […]
