‘Plenty more pain ahead’: Is the AI bubble bursting? City Talk Global markets are turning red after the blue sweep in the US midterms. Saxo Market’s Neil Wilson asks whether the time has finally come for the AI bubble to burst. Extraordinary market action yesterday. The selling pressure that had been building in AI stocks for weeks finally blew the bloody doors off. The trigger? The Democrats’ [...]
‘The blood is in the streets’: Nasdaq plunges as US midterms rattle SpaceX and Nvidia Markets The Nasdaq index was plunging into the red on Thursday after the US midterms rattled AI-related stocks including Nvidia, Oracle and SpaceX. The tech-heavy index, which tracks 100 of the largest non-financial companies, sank more than five per cent to around 24,416 points. Chipmakers Nvidia and Broadcom each helped lead losses down eight and nine [...]
As it happened: Stocks reverses early gains after tech sell-off; interest rates hiked FTSE 100 Live Welcome back to City AM‘s FTSE 100 liveblog. The Bank of England has raised interest rates for the first time in three years. The central bank’s Monetary Policy Committee (MPC) voted in a 8-1 split to hike rates to four per cent as concerns surrounding the inflationary impact of the Iran war dragged on. Meanwhile, [...]
Barclays and HSBC bankers donate over $500k in US midterms November 3, 2026 Barclays and HSBC bankers donated over half a million dollars to US political candidates ahead of the midterm elections. Bankers who are employed at the two UK-headquartered giants flooded cash into US political figures as millions of Americans headed to the polls. Donors listing Barclays or one of its subsidiaries as an employer contributed just [...]
As it happened: FTSE 100 reverses losses as oil drops to $105 November 2, 2026 Welcome to City AM‘s FTSE 100 liveblog. It’s a new week in the City and global markets are gearing up for a chain of big events. Chief among them is the US midterms, which could have a major impact on the ongoing conflict in the Middle East that has sent the price of oil soaring. [...]
Manchester United director Glazer donates $220,000 to Trump ahead of midterms October 30, 2026 Manchester United director Edward Glazer has emerged as the leading donor to President Trump’s Republican Party among the Premier League’s sizeable American ownership contingent ahead of the US midterm elections. Glazer, whose family owns the majority of Manchester United, has donated over $220,000 to the Republican National Committee in 2026 through his Tampa Bay Buccaneers [...]
As it happened: European stocks slump as bond yields spike after France riots October 19, 2026 Welcome back to the City AM FTSE 100 liveblog. European bond markets have been left in the red following the shifting pressures on global markets. The 10-year yield on French bonds – a direct reflection of the government’s cost to borrow – spiked some 13 basis points to 4.9 per cent. The spread between French [...]
As it happened: FTSE 100 edges up as tech rebounds from sell-off; Oil set for weekly gain October 16, 2026 Welcome back to City AM‘s FTSE 100 live blog. London’s blue-chip index has dipped this morning as tech stocks rebound after a sell-off earlier in the week. Over in Asia, equities bounced back overnight, reversing some of the losses from a heavy selling session after investors ditched their tech exposure following questions around cloud company [...]
Oil prices waver as Trump pushes for dubious Ukraine-Russia ‘ceasefire’ October 12, 2026 Oil prices remained above the $100 mark on Monday morning after President Trump hailed a deal with Russia’s President Putin that would lead to the supply of millions of barrels of diesel to the US and global markets. Brent crude oil futures, a benchmark for international prices, fell by about 0.6 per cent to $104 [...]
As it happened: FTSE 100 and bonds jitter; Burnham says Britain must be ‘honest’ about public finances September 29, 2026 Welcome back to the City AM liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines: The liveblog has ended.No liveblog updates yet. Load more