The CAC 40 Index has dropped into a correction after falling by ~10% from its highest point this year. It slipped from €8,645 in February to €7,807, its lowest level since September last year. This trend may continue as the Iran war escalates. French stocks are falling amid the ongoing Iran war The CAC 40… Continue reading What next for the CAC 40 Index as it sinks into a correction?
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Inside Alibaba’s reset: 34% job cuts, profit shock, and AI gamble
Alibaba has sharply reduced its workforce as it restructures its business and intensifies its focus on artificial intelligence. The Chinese e-commerce and technology group ended December with 128,197 employees, down from 194,320 a year earlier, marking a decline of about 34% year over year. The update came alongside its latest earnings report released Thursday, which… Continue reading Inside Alibaba’s reset: 34% job cuts, profit shock, and AI gamble
Tesla taps China for $2.9B solar gear in major US expansion push: report
Tesla is planning to scale domestic solar production by sourcing nearly $2.9 billion worth of manufacturing equipment from Chinese suppliers, a Reuters report said on Friday. The initiative aligns with Elon Musk’s broader goal of building large-scale solar capacity within the United States. Internal hiring plans and public statements indicate Tesla is targeting 100 gigawatts… Continue reading Tesla taps China for $2.9B solar gear in major US expansion push: report
Nifty 50 Index forms a death cross as Bajaj, Tata Motors, HDFC shares tumble
The Nifty 50 Index remains in a deep sell-off this week as concerns about the Indian economy face major challenges amid the ongoing Iran war. It dropped to INR 22,940 this week, and has now formed a death cross pattern, pointing to more downside in the near term. Nifty 50 Index death cross points to… Continue reading Nifty 50 Index forms a death cross as Bajaj, Tata Motors, HDFC shares tumble
Here’s why the Nikkei 225 Index moved into a correction
The Nikkei 225 Index retreated by over 3% on Friday, mirroring the performance of American equities, with the Dow Jones and Nasdaq 100 falling by 200 and 60 points, respectively. The Japanese index dropped to ¥53,370, down by 10.10% from its highest point this year. Japanese stocks amid inflation concerns The Nikkei 225 Index has… Continue reading Here’s why the Nikkei 225 Index moved into a correction
Hang Seng Index at risk of a crash amid Alibaba, Tencent, Xiaomi woes
The Hang Seng Index remained in a correction this week after falling by 10% from its highest point this year as technology companies slipped. It dropped to H$25,400, down from the year-to-date high of H$28,052. Hang Seng Index drops amid the Alibaba, Tencent, Xiaomi sell-off The Hang Seng Index, which tracks some of the biggest… Continue reading Hang Seng Index at risk of a crash amid Alibaba, Tencent, Xiaomi woes
Evening digest: Bitcoin steadies, Goldman Sachs to start layoffs in April
On Thursday, Bitcoin traded around $69,000-$70,000. Goldman Sachs is reportedly looking to start job cuts in April, while OpenAI announced it will acquire Astral, and Uber announceda partnership with Rivian. Bitcoin holds steady amid broader market selloff Bitcoin drifted between $69,000 and $70,000 as escalating tensions in Iran and across the Middle East rattled global… Continue reading Evening digest: Bitcoin steadies, Goldman Sachs to start layoffs in April
Wall Street falls as oil surge fuels inflation fears, Dow Jones down 200 points
Wall Street closed lower on Thursday as rising oil prices and escalating geopolitical tensions in the Middle East dampened investor sentiment and clouded the outlook for interest rate cuts. The S&P 500 fell 0.27% to 6,606.49, while the Nasdaq Composite slipped 0.28% to 22,090.69. The Dow Jones Industrial Average dropped 0.44%, or 203.72 points, to… Continue reading Wall Street falls as oil surge fuels inflation fears, Dow Jones down 200 points
Figma stock falls as Google AI Stitch sparks design software fears
Figma shares extended their decline this week as investor concerns over artificial intelligence competition intensified following the launch of a new design-focused product from Google. The stock dropped 8% on Wednesday and fell more than 4% on Thursday, taking its losses to about 35% for the year. The selloff reflects broader pressure across the software… Continue reading Figma stock falls as Google AI Stitch sparks design software fears