Stocks news

Microsoft Corporation intends to cut thousands of jobs, with some of the roles eliminated expected to come from key divisions like human resources and engineering.The layoffs would underscore a worrying trend among US technology firms. Amazon and Met...

Tesla has trimmed its prices in China again, the second time in under three months, causing speculation of a price war as demand weakens due to monetary tightening measures taking place in developed countries around the world.The automaker has also c...

Apple Inc’s total stock market value slipped on Tuesday, falling below $2 trillion for the first time since early 2021, exactly one year to the day the company became the first public tech company valued at $3 trillion.Apple’s shares fell 4% to $124....

Concerns about rising interest rates are buffeting Wall Street this week. Following firmer-than-expected reports on the US economy, the Dow Jones Industrial Average tumbled more than 700 points, or 2.2%. The S&P 500 also fell, shedding 2.7%, brin...

China’s main stock indices and its currency opened the trading week lower on Monday, after significant protests against the country’s harsh COVID-19 restrictions shook investors.The benchmark Shanghai Composite fell 2.2% in early trading. The Shenzhe...

Consumer price growth in the 19 countries that use the euro has raced to 10.7% in October from 9.9% in September. This latest data is putting pressure on the European Central Bank (ECB) to act more aggressively to tackle inflation.A key inflationary...

Asian stock markets have been shaken by growing tensions between the US and China over US House of Representatives Speaker Nancy Pelosi’s anticipated visit to Taiwan. Markets across the region weakened on Tuesday amid expectations Pelosi wou...

The first half of the year has been difficult for investors, as stocks fell, cryptocurrencies tanked, and even the supposedly less risky bond market wobbled. That bond slump is especially bad news for conservative investors, like retirees living o...

In a widely expected move, the US Federal Reserve raised interest rates by three-quarters of a percentage point in the largest single rate hike since 1994. With this aggressive attempt to tackle scorching inflation, policymakers hope to help an ec...

The 10-year US treasury bond yield surged to its highest level in 11 years, as investors mulled the likelihood of the US Federal Reserve taking even more aggressive steps to tame inflation. The yield on the all-important 10-year treasury note clim...

The Biden administration has announced new trading restrictions that prohibit Americans from investing in Russian stocks and bonds. The ban is immediate and is another measure put in place by US authorities to ratchet up the financial pressure on...

Ford has announced a massive $3.7 billion investment to ramp up production of electric trucks and vans, as well as a new Mustang. The investment will create 2,000 new jobs in its truck section, helping the company reach its target of 150,000 units...

Companies are trying their best to balance the work from home conundrum as cases of COVID-19 diminish. Work-life balance is so important in today’s workplace, it can affect company performance.  In a recent company memo, verified by maj...

The S&P 500 and the Nasdaq both entered the red in the last week as concerns that aggressive moves to control decades-high inflation might send the US economy into a recession. All three major US stock indexes have lost significant ground this...

US fashion retailer Abercrombie & Fitch delivered a net loss of $14.8 million for its first fiscal quarter, causing a whopping share price drop of 29%. The company said that logistics and product costs were weighing down sales. The apparel ret...