World
Perspective: There’s typically one correction every year — and this could be it
A one-day market crush of this magnitude is unnerving for sure, especially on the back of the aggressive tech selling seen in July, but traders are trying to keep some perspective. The S & P 500 is down 5.7% from its all-time high following Friday’s losses, making this the second decline of greater than 5% […]
Read More
Google pulls AI ad for Olympics following backlash
Google pulled an ad it showed during the Olympics which touted its AI chatbot Gemini writing a fan letter to an athlete. Google has pulled an Olympics ad for its chatbot Gemini from airwaves following backlash for the way it depicts a little girl using artificial intelligence to write a fan letter. The ad, titled […]
Read More
Kamala Harris’ tax records reveal ‘fairly basic’ approach that may have missed savings, advisor says
U.S. Vice President Kamala Harris and second gentleman Douglas Emhoff descend from Air Force Two in Wilmington, DE, U.S., July 22, 2024. Erin Schaff | Via Reuters Vice President Kamala Harris’ personal financial records are under fresh scrutiny now that she is running for the highest office in the United States. Experts say recent tax […]
Read More
Kamala Harris raised $310 million in July, dwarfing Trump haul for month
Vice President and 2024 Democratic presidential candidate Kamala Harris speaks at a campaign event in Atlanta, Georgia, on July 30, 2024. Elijah Nouvelage | Afp | Getty Images The presidential campaign of Vice President Kamala Harris said Friday that its political operation raised $310 million in July, dwarfing the tally raised for the Republican nominee […]
Read More
Britain cancels $1.7 billion of computing projects in setback for global AI ambitions
LONDON, UK – JUNE 12: The 9th edition of the Artificial Intelligence Summit kicks off with the participation of international technology companies, in London, United Kingdom on June 12, 2024. (Photo by Rasid Necati Aslim/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The U.K. government has canceled £1.3 billion ($1.7 billion) worth of […]
Read More
Europe stocks slide 2%, extending losses after weaker-than-expected U.S. jobs report
The lights of Frankfurt am Main’s banking skyline glow in the last light of day. Boris Roessler | Picture Alliance | Getty Images LONDON — European stocks extended losses on Friday amid a global downturn, as weak U.S. economic data sparked fears of a recession. The regional Stoxx 600 index shed as much as 2.3% […]
Read More
Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%
Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, the Labor Department reported Friday. Nonfarm payrolls grew by just 114,000 for the month, down from the downwardly revised 179,000 in June and below the Dow Jones estimate for 185,000. The unemployment rate edged higher to 4.3%, […]
Read More
An August stocks slump is ‘absolutely normal’ — but strategists urge caution on buying the dip
Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images Strategists on Friday urged investors to take a cautious approach to a global stock market sell-off, warning it may be too early to […]
Read More
The end of the ‘carry trade’? How Japan’s yen could be ripping through U.S. stocks
A man walks past an electronic quotation board displaying the exchange rate for the Japanese yen against the US dollar in Tokyo on August 2, 2024 Kazuhiro Nogi | Afp | Getty Images The key driver of global markets is the yen exchange rate, according to one financial historian, who warned the trend should concern […]
Read More
Exxon earnings beat as production in Guyana and Permian sets a record
An Exxon Mobil gas station in Washington, D.C., on Nov. 28, 2023. Al Drago | Bloomberg | Getty Images ExxonMobil on Friday posted its second highest results for the second quarter in the past decade, as the company achieved record production in Guyana and the Permian Basin. Exxon shares rose more than 1% before the […]
Read More