World
Wall Street is turning less bullish on tech darling ASML for several reasons
Analysts at major Wall Street banks are getting more cautious on chip darling ASML , raising concerns about the critical chip equipment maker’s demand outlook. Earlier this week, investment bank UBS downgraded ASML to “neutral” and cut its price target on the stock to 900 euros ($1,000.78) from 1,050 euros previously. In the note, UBS said […]
Read More
Stock futures slip after the S&P 500 suffers its worst week since 2023: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on September 05, 2024 in New York City. Michael M. Santiago | Getty Images U.S. stock futures were lower on Sunday night following a tough week for the equity market. S&P 500 futures dipped 0.1%, while Nasdaq 100 futures slid 0.2%. […]
Read More
Many ‘doubted the vision’: Saudi investment minister touts ‘green shoring’ on path to diversification
Khalid Al-Falih, Saudi Arabia’s investment minister, during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 8, 2023. Bloomberg | Bloomberg | Getty Images Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country’s economic diversification plan, as Riyadh touts “green shoring” investment opportunities to woo foreign financing. “There was many […]
Read More
Ether has been dramatically underperforming bitcoin as the investment case for the cryptocurrency weakens
Crypto investors are starting to question the investment opportunity in ether . Ethereum has always been seen as the blockchain with a stronger and more easily understood value proposition as a smart contracts platform that could power many different types of applications. Now, investors are reckoning with the possibility that ether may have lost some […]
Read More
As consumers trade down to cheaper private label brands, these stocks could head up
Inflation may be coming under control, but the cumulative toll of month after month of soaring prices, higher interest rates and swelling debt has wreaked havoc on household finances. Anecdotes shared on retailer conference calls have drawn a portrait of a more selective and cautious shopper. At the low-end, the situation is particularly strained. Dollar […]
Read More
Shooting attack at the West Bank-Jordan border crossing kills 3 Israelis
Israeli security forces gather at the scene of a reported attack near the Allenby Crossing between the occupied West Bank and Jordan on September 8, 2024, where the Israeli military said a truck driver opened fire, killing three Israelis. The (Photo by Ahmad GHARABLI / AFP) (Photo by AHMAD GHARABLI/AFP via Getty Images) Ahmad Gharabli […]
Read More
Venezuela opposition candidate Gonzalez leaves for Spain as diplomatic tensions rise
CARACAS, VENEZUELA – JULY 30: Opposition candidate Edmundo Gonzalez. (Photo by Pedro Rances Mattey/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images Venezuela’s former presidential opposition candidate Edmundo Gonzalez has left for Spain in the wake of the South American country’s contested election, Venezuelan and Spanish officials said on Saturday night after a day […]
Read More
Yellen says U.S. economy remains solid, on path to ‘soft landing’ with no meaningful layoffs
U.S. Secretary of the Treasury Janet Yellen speaks listens to a presentation during a tour at the IRS Processing Facility on September 06, 2024 in Austin, Texas. Brandon Bell | Getty Images Treasury Secretary Janet Yellen sought to reassure the public on Saturday that the U.S. economy remains strong, despite a string of weak job […]
Read More
CIA director saw ‘genuine risk’ of Russia using tactical nuclear weapons early in Ukraine war
CIA Director Bill Burns testifies next to Director of National Intelligence Avril Haines during a House (Select) Intelligence Committee hearing on diversity in the intelligence community, on Capitol Hill in Washington, October 27, 2021. Elizabeth Frantz | Reuters CIA Director William Burns believed there was a real risk in the fall of 2022 that Russia […]
Read More
Small nuclear reactors could power the future — the challenge is building the first one in the U.S.
Nuclear plants could become smaller, simpler and easier to build in the future, potentially revolutionizing a power source that is increasingly viewed as critical to the transition away from fossil fuels. New designs called small modular reactors, or SMR in shorthand, promise to speed deployment of new plants as demand for clean electricity is rising […]
Read More