Day: July 18, 2024
Asia-Pacific markets set for lower open as rotation out of tech continues; Japan inflation watched
This photo taken on October 23, 2022 shows people looking at fruit and vegetables outside a supermarket along a covered shopping street in Tokyo. Richard A. Brooks | Afp | Getty Images Asia-Pacific markets are largely set to open lower on Friday as investors on Wall Street continued to rotate out of tech stocks and […]
Read More
These stocks will be the winners and losers of rising U.S.-China trade tensions, Wall Street says
Tensions are ratchetting up between U.S. and its major trading partners. In the latest, Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China. That follows new tariff rates on $18 billion worth of Chinese imports — including electric vehicles, […]
Read More
What happens next if Biden drops out of the presidential race
US President Joe Biden steps off Air Force One as he arrives at Hagerstown Regional Airport in Hagerstown, Maryland, June 20, 2024, on his way to Camp David. Samuel Corum | AFP | Getty Images President Joe Biden is under siege from within his own party, as more Democrats — in private and in public […]
Read More
Harris hits the campaign trail under spotlight as Biden faces mounting pressure to drop out
U.S. Vice President Kamala Harris campaigns at Westover High School in Fayetteville, North Carolina, U.S., July 18, 2024. Kevin Mohatt | Reuters Vice President Kamala Harris touted the nation’s domestic manufacturing resurgence under President Joe Biden on Thursday at a campaign stop in North Carolina, where the intense media interest reflected her status as the […]
Read More
Trump doesn’t plan to mention Biden by name in RNC acceptance speech: report
Republican presidential candidate, former U.S. President Donald Trump walks onstage before the start of the third day of the Republican National Convention in the Fiserv Forum on July 17, 2024 in Milwaukee, Wisconsin. Chip Somodevilla | Getty Images Donald Trump reportedly does not plan to mention President Joe Biden by name during his speech accepting […]
Read More
Stock futures are little changed as Wall Street looks to shake off Thursday’s market slide
Stock futures were quiet on Thursday evening as Wall Street looked to stabilize after a slide for equities. Futures tied to the Dow Jones Industrial Average inched up 16 points, or less than 0.1%. S&P 500 futures ticked up 0.1%, while Nasdaq 100 futures added 0.3%. The move in futures comes after stocks were down […]
Read More
Democratic megadonors increase pressure on Biden to drop out, as Kamala Harris events fill up
U.S. President Joe Biden and Vice President Kamala Harris stand on stage together after delivering remarks at the DNC 2023 Winter Meeting in Philadelphia, Pennsylvania, U.S., February 3, 2023. Elizabeth Frantz | Reuters On a Tuesday in early July, 75 wealthy Democratic political donors gathered on a Zoom call to discuss the path forward for President […]
Read More
With corners of the media industry in upheaval, Netflix makes clear it’s staying out of the fray
A couple sits in front of a television with the Netflix logo on it. Picture Alliance | Picture Alliance | Getty Images Netflix’s second-quarter earnings report contained no bombshells, and that’s just fine for the company and its investors. In recent weeks, Paramount Global has agreed to merge with Skydance Media. Warner Bros. Discovery is […]
Read More
Hunter Biden seeks dismissal of criminal cases, cites Trump classified documents ruling
Hunter Biden, son of US President Joe Biden, walks upon arrival at Fort Lesley J. McNair in Washington, DC, on July 1, 2024. Mandel Ngan | Afp | Getty Images Lawyers for Hunter Biden on Thursday asked federal judges in California and Delaware to dismiss the criminal cases against him in their courts, citing a […]
Read More
Nvidia rebounds after TSMC says AI chip demand remains strong
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Conference at the SAP Center in San Jose, California, on March 18, 2024. Justin Sullivan | Getty Images Nvidia shares rose about 3% during trading on Thursday, rebounding one day after the stock plunged 7% on geopolitical concerns sparked by comments from U.S. […]
Read More