Fed’s hawkish tilt, tech stocks slide and UK PM Starmer resigns US stock indices were largely on the ropes yesterday, weighed down by selling in key tech companies, including Alphabet (GOOG), down 5.1%, Amazon (AMZN), down 4.8%, and Microsoft (MSFT), down
Megacap tech stocks weigh on US equities, with Nasdaq futures falling 1.9% amid skepticism over AI spending returns. US stock futures extended losses as tech shares led declines, with S&P 500 futures down 1% and Nasdaq futures dropping 1.9%. The broader S&P 500 closed 0.4%
Asian equities fall as investors reassess US interest rates Asian stocks were mostly lower as investors reassessed expectations for higher US interest rates. The biggest weakness was seen in technology shares, with Dow -0.12%, S&P 500 -0.57%, and Nasdaq -1.06%. T
South Korea’s KOSPI plunges 6% as chipmakers drag, while geopolitical risks and Fed policy weigh on regional equities. Asian stocks fell sharply on Tuesday, led by a 6% drop in South Korea’s KOSPI, as investors took profits after a recent AI-driven rally and reacted to dec
Gold may reach $5,100 by mid-2027 Standard Chartered forecasts gold at $5,100 per ounce and the S&P 500 at 7,950 by mid-2027. The bank's outlook implies further upside for gold from current levels, driven by its preference for the metal as a diversifier. The S&
S&P Global data shows business activity nearing stabilization but weak demand and sentiment signal potential growth risks ahead. Australia’s flash composite PMI climbed to 49.8 in June from 48.7 in May, edging closer to the 50 mark that separates expansion from contraction
The company expects EBITDA of $3M-$4M next fiscal year as it works to restore margins after a profit decline in Q4. TechPrecision Corporation projected fiscal 2027 revenue of $35M-$37M and EBITDA of $3M-$4M, targeting margin recovery after a challenging quarter. The guidan
Fading Fed balance sheet support and accelerating lending growth create a liquidity squeeze, pressuring equities into July. Morgan Stanley’s chief US equity strategist highlights a 75% decline in the Reserve Management Program from its peak and a 50% cut in Treasury buybac
German utility RWE will raise €4.1 billion to acquire a majority stake in transmission operator Amprion. RWE announced plans to raise €4.1 billion ($4.7 billion) through a share sale to increase its stake in Amprion to 55%. The move targets one of Germany’s largest power t
RKLB shares fell despite completing a U.S. Space Force mission, closing at $100.29 amid broader market sentiment. Rocket Lab completed the VICTUS HAZE mission for the U.S. Space Force, deploying its Pioneer spacecraft via an Electron rocket. The milestone marked a new reco
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