European shares opened lower on Friday as weakness in global technology stocks weighed on investor sentiment. The decline came after technology shares tracked losses seen in Asian markets and US futures, while online fashion retailer Zalando came under pressure following an accounting investigation by Germany’s financial regulator. The pan-European STOXX 600 index fell 0.46% to… Continue reading STOXX 600 retreats from record high as technology stocks decline
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Here’s why the BP and Shell shares are falling in London this week
BP and Shell share prices continued their downward trend today, reaching their lowest levels since February 27. BP dropped to 472p, down by 22% from its highest point this year, while Shell slipped to 2,900p from the year-to-date high of 3,592. BP and Shell shares are falling as crude oil prices dive Energy stocks have… Continue reading Here’s why the BP and Shell shares are falling in London this week
Prop trading is the side hustle most retail investors haven’t heard of
Retail investing has become more accessible than ever. Commission-free brokerages, crypto exchanges, and social trading platforms have made it possible for almost anyone to participate in financial markets with just a smartphone and a modest amount of capital. But as retail investing has gone mainstream, another corner of the industry has been growing: proprietary, or… Continue reading Prop trading is the side hustle most retail investors haven’t heard of
KOSPI rout jolts Asian markets as Apple turns AI boom into cost scare
Asian markets are learning that the AI boom has a price tag. A week that began with record highs ended with investors questioning whether surging demand for memory chips is becoming an inflation problem for technology buyers. Apple’s decision to raise prices on iPads and MacBooks rattled sentiment, even as Micron’s earnings showed that chipmakers… Continue reading KOSPI rout jolts Asian markets as Apple turns AI boom into cost scare
Kospi Index: Is the South Korean stock market bull run ending?
The Kospi Index tumbled by over 9% today, June 26, erasing most of the gains made earlier during the week. It retreated to 8,275, lower than the year-to-date high of 9,387. This retreat and the ongoing volatility has led to concerns on whether the South Korean stock market bull run is ending. Kospi Index tumbles… Continue reading Kospi Index: Is the South Korean stock market bull run ending?
Asia tech rout widens: SoftBank sheds 12%, SK Hynix, Samsung plunge 8%
Asian technology stocks fell sharply on Friday, as SoftBank Group tumbled more than 12% and chip-heavy markets from Tokyo to Seoul came under fresh pressure. The selloff followed a fourth straight decline on the Nasdaq, where Apple sank 6.1% after announcing price increases for iPads and MacBooks to offset surging memory and storage chip costs.… Continue reading Asia tech rout widens: SoftBank sheds 12%, SK Hynix, Samsung plunge 8%
Best small-cap stocks to buy as market rally broadens
Value investors have faced an uphill battle this year as the relentless AI trade continues to suck the oxygen out of Wall Street. Speaking recently with CNBC, Ariel Investments founder and chief investment officer John Rogers warned that the broad market has become excessively expensive, driven by an “AI craze” that he expects will mirror… Continue reading Best small-cap stocks to buy as market rally broadens
Dow hits record high as Nasdaq falls on tech weakness and inflation data
The Nasdaq Composite fell on Thursday as investors rotated out of major technology stocks, even after a strong earnings report from Micron Technology. The Dow Jones Industrial Average, meanwhile, hit a new intraday record, supported by gains in non-tech sectors. The Nasdaq declined 0.46%, while the S&P 500 hovered near the flatline. The Dow rose… Continue reading Dow hits record high as Nasdaq falls on tech weakness and inflation data
Qualcomm stock jumps on AI data center push, Meta and Microsoft deals
Qualcomm shares climbed on Thursday after the chipmaker outlined an expanded push into artificial intelligence data centers, raised its long-term revenue targets, and unveiled new partnerships with Meta Platforms and Microsoft. Shares rose 8% earlier in the trading session. It lost some of the gains, and at the time of writing, QCOM shares were up… Continue reading Qualcomm stock jumps on AI data center push, Meta and Microsoft deals