Major U.S. stock exchanges, Nasdaq and the New York Stock Exchange (NYSE), will remain open as scheduled on December 24 and December 26. The announcement comes despite President Donald Trump signing an executive order directing federal departments and agencies to be closed on both of those days. The exchanges’ operators will close markets early on … Read more
The U.S dollar edged higher amid cautious positioning among investors amid the major events. The US Dollar Index (DX-Y.NYB) rose by 0.14 points to 98.49 at press time. The strengthening of the dollar is attributed to a mixed reaction after the release of U.S Consumer Price Index (CPI) data, and monetary policy announcements from the … Read more
The stock market scenario of the Gulf seems to have taken a pause in anticipation of the upcoming U.S. CPI (Consumer Price Index) data release. The CPI data release carries a lot of weight as its condition will play a key role in determining whether or not the Federal Reserve will initiate further interest rate … Read more
U.S. stock futures edged higher on Thursday as investors looked ahead to key inflation data that could influence market direction. The S&P 500 futures also rebounded, turning positive after Wednesday’s sell‑off. After a tech‑led pullback, the broader market has bounced back, though investors remain cautious as the November inflation report approaches. According to the latest … Read more
On Wednesday, the U.S. stock market took a big hit following renewed concerns over AI spending, which pressured tech stocks, resulting in MSCI’s global equities gauge falling lower. However, the market has ticked back up as investors set their sights on a series of key central bank meetings this week that will reflect global monetary … Read more
The much-awaited nationwide address of US President Donald Trump happened on Wednesday night. During his address, Trump spoke about the sweeping achievements that his administration has made across various sectors, such as foreign policy, economic revival, border control, and domestic governance, during the first year of his second term as president. As expected, Trump did … Read more
Micron Technology, a global leader in memory chip manufacturing, exceeded analyst expectations in its fiscal first‑quarter results released late Wednesday. Micron stock rallied in extended trading, driven by investor optimism after the company posted results well above initial forecasts. Micron Technology, headquartered in Boise, Idaho, earned an adjusted $4.78 a share on sales of $13.64 … Read more
Oracle, one of the world’s leading cloud companies, is going through a crisis, according to a recent FT(Financial Times) report. The report stated that Oracle’s plans to achieve a 10 billion US dollar backing from Blue Owl Capital regarding the data center in Michigan have come to an abrupt halt. Even though Oracle stated that … Read more
Asian stocks fell amid the continued tech sell-off, as the AI-focused enthusiasm is losing steam due to fears surrounding overstretched valuations, increased tech infrastructure funding, and delays in meaningful returns. Japan’s Nikkei 225 closed lower at 49,001.50, shedding 1.03%. Hong Kong’s Hang Seng Index is trading at 25,390.74, 0.31% down at press time. AI poster … Read more
U.S. President Donald Trump announced Wednesday that all military service members will receive a Christmas bonus of $1,776. The “Warrior Dividend” checks, which are already on their way, will be given out to more than 1.4 million individuals serving in the military to celebrate the 250th anniversary of the United States. During his latest address … Read more
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