Wall Street claws back week’s losses thanks to strong jobs report October 5, 2024 US stocks rallied on Friday after a surprisingly strong report on the US job market raised optimism about the economy. The S&P 500 climbed 0.9 per cent and got close to its all-time high set on Monday. The Dow Jones Industrial Average rose 341 points, or 0.8 per cent, to set its own record, while [...]
Microsoft: Tech giant announces mammoth buyback and hikes dividend September 17, 2024 Tech giant Microsoft has announced a new $60bn share buyback programme and hiked its quarterly dividend by 10 per cent. This new shareholder cash return replaces Microsoft’s previous $60bn programme, which was launched in 2021, and has no set expiration date. According to data from Birinyi Associates, the cash return is the third-largest repurchase scheme [...]
Crowdstrike shares slide despite beating expectations amid IT outage fallout August 29, 2024 Shares in cybersecurity firm Crowdstrike tumbled over seven per cent in after-hours trading, even as the scandal-stricken company posted better than expected second-quarter earnings for its financial year 2025. The Nasdaq-listed company, still reeling from last month’s global IT outage, posted total revenue of $963.9m (£729m), a 32 per cent increase from $731.6m (£553.3m) in [...]
FTSE the exception: Global markets rally past ‘Black Monday’ after US recession fears ease August 16, 2024 Global markets have continued to rally after the ‘Black Monday’ event last week, which saw stock markets crash over fears of a US recession. Since then, markets have now bounced back, as fears over recession have faded after strong US retail sales data and unemployment numbers. The Japanese Nikkei 225, which fell almost 20 per [...]
‘A turbocharged turnaround’: Asian stocks rebound after Monday’s global market rout August 6, 2024 "it's a turbocharged turnaround Tuesday in Asia," Deutsche Bank's Jim Reid said.
US recession fears ease but markets remain firmly in the red August 5, 2024 US stocks cratered on Monday as the prospect of a recession in the world's largest economy spooked investors across the globe and tech giants were hit by a mass sell-off.
Nvidia and Apple lead losses as trillions wiped from Nasdaq tech stocks August 5, 2024 Trillions of dollars have been wiped from the Nasdaq-listed tech giants taking a nosedive amid a global stock sell off, as fears of a US recession are causing investors to run for the hills. The so-called Magnificent Seven’s combined market capitalisation has lost at least $2.3t (£1.8t), equal to a 15 per cent slide from [...]
FTSE 100 and European stocks plunge amid fears of US recession August 5, 2024 London's FTSE 100 has fallen to its lowest level since April as a global market rout triggered by fears of a US recession continued into a new week.
Global markets spiral as US recession fears solidify August 2, 2024 Markets have begun to fear the worst about a slowdown, or even recession, in the US, sending stocks tumbling across the world.
Nvidia overthrows Microsoft and Apple as world’s most valuable company June 19, 2024 New York's Nasdaq exchange, where Nvidia is listed, has also surged 21 per cent year to date to a record high.