Stocks news
Meta Networks Suffers Market Cap Rout
Facebook’s parent company, Meta Networks, suffered an unprecedented market cap rout in last week’s trading. After reporting disappointing quarterly results, the company lost an eye-watering $251 billion worth of value in a day’s...
Asian Markets End the Year Mixed
Asian stock markets showed mixed performance in trading from the last week of the year. With Omicron still looming over many countries, investors were listless. Although the Omicron variant is proving to be less deadly than previous strains, recor...
US Stocks Rally as Omicron Fears Recede
Early data showing that the Omicron variant is not as serious as previous strains led to a rush of positive trading on Wall Street this Thursday. The S&P 500 was close to its record high from late November. Buoyed by positive gains from stocks...
Omicron Puts the Skids on the Global Economy
Fears over the growing threat of the COVID-19 Omicron variant have started to creep into stock market performances around the world. After Monday’s trading, the Dow Jones fell by 1.2%, continuing a downward trend that saw it lose 1.5% last w...
Tech Stocks Suffer Big Sell-Off
Technology stocks in the US plummeted with news of tighter monetary policies coming into play soon. After the US Fed signaled the likelihood of three interest rate hikes next year, the Bank of England became the latest major central bank to announce...
Asian Stocks Dip on Omicron Fears
Asian stocks limped along in weak trading, fueled by fears over the Omicron variant. Meanwhile edgy investors, expecting a raft of central bank decisions this week, held back on trading. Hong Kong's Hang Seng Index slid by 1%, South Korea'...
Bank of England Could Be First Major Central Bank to Tackle Inflation
The UK is facing 10-year high inflation levels. With the US facing 31-year highs and China facing 26-year records, tackling inflation is on everyone’s agenda. Britain could be the first major economy to hike interest rates. Fueled by higher...
US Stock Futures Hold Lower Ahead of Inflation Report
Stock futures on both the Dow and Nasdaq ended Tuesday’s session lower, as investors keenly awaited an important inflation report to be released today. The US Labor Department's Consumer Price Index (CPI) report for October i...