Tags: Market

US Tech Giants Suffer $1 Trillion Wipeout Following Massive Market Decline

US Tech Giants Suffer $1 Trillion Wipeout Following Massive Market Decline

Tech giants in the US lost approximately $1 trillion in market value this week due to recession fears and disappointing economic data, with sharp declines in Nvidia, Apple, and Amazon.


Meta's Stock Rises After Better-Than-Expected Q2 Earnings

Shares of the big tech company Meta jumped by about 7% in extended trading on July 31 after exceeding Wall Street expectations on revenue and profit for the second quarter of 2024.

Microsoft to Spend More Funding to Develop AI Infrastructure

Microsoft said that it would increase its spending on developing its artificial intelligence infrastructure despite a slowed growth in its cloud business.

ASX Starts Strong This Week Due to Inflation

The Australian Stock Exchange (ASX) began its trading week strong after stocks based in the United States finished last week on the red, with investors continuing to bet that the Reserve Bank of Australia (RBA) would start cutting interest rates by September.


Latest News

Asian Share Markets Likely to Falter Following Biden's Withdrawal from White House Race
Share markets across Asia are expected to stay in the red after last week’s tech bloodbath, as well as the shock announcement of US President Joe Biden bowing out of the presidential race in November.
Archegos Founder Bill Hwang Found Guilty of Securities Fraud
Defunct hedge fund firm Archegos Capital Management founder Bill Hwang has been found guilty of securities and market manipulation fraud which prosecutors claimed cost global investment banks billions.
TSMC Shares Rise Despite Expectations of Tighter 2025
Shares of the TSMC rose to a record intraday high in Taipei’s stock market after Morgan Stanley and other brokers boosted price targets on the company before its earnings.
Nvidia Stocks Surpass Microsoft in Becoming Most Valuable in Big Tech Market
Nvidia officially surpassed Microsoft Tuesday (June 18) as the world’s most valuable company after its stock price is valued at $135 per share.
Survey Finds Google Pixel’s Smartphone Market Share in Freefall
A recent Statista Consumer Insights survey showed that 57% of current Google Pixel users are intending to switch to another smartphone brand.
Amgen
Amgen witnessed an impressive 12% surge in its shares on Friday, marking its most substantial single-day increase in nearly 15 years.
China's Stock Market Is Sliding After Brutal Crash This Week
This week has been so brutal for China's stock market. This week has been so brutal for China's stock market. The stocks plummeted in the last hours of trading on Friday, sending investors into a state of fear as the Chinese stocks closed at a level not seen in years.
Goldman Sachs Says Global Economic Growth in 2024 Will Exceed Expectations
Goldman Sachs Research is boldly predicting that the global economy is poised to outperform expectations in 2024, demonstrating resilience in the face of recent challenges.
Observing the overall stock markets, a report identified the five stock market sectors best for investment in 2017. Predicted to continue the upward trend and have lots of potential for profits are the automobile industry, building and construction, industrial machinery, toys sector, and water sector.
Starbucks sees the potential of its fast-growing China business to one day overtake the U.S. market. The company plans to open more stores in the next five years, half of which will be in the U.S. and in China as the brand remains attractive for the retailers.
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