The CBOE Volatility Index or VIX, which throws up market expectations for volatility over the next 30 days surged to its highest level in four years as global equities fell sharply. Investors use the VIX- dubbed as the ‘Fear Index’ to measure the level of risk, fear, or stress in the market when making investment… Continue reading Stock exchange bloodbath: Wall Street’s ‘Fear Index’ VIX soars, nears pandemic market rout
Stock Research
Explained: What’s the reason for global stock sell-off and who’s to blame?
Global markets experienced a significant upheaval as traders reacted to recent economic data, unwinding bets that had dominated much of the year. Japan’s Topix index suffered a dramatic fall of more than 12%, marking the most substantial sell-off since the “Black Monday” crash of 1987. This selling wave extended into US and European markets, with… Continue reading Explained: What’s the reason for global stock sell-off and who’s to blame?
RBC downgrades Moderna and cuts price target by 28%: Should you exit?
The decision by RBC Capital Markets to downgrade Moderna Inc. (NASDAQ: MRNA) from “Outperform” to “Sector Perform” has sent the stock tumbling by over 6% in pre-market trading on Monday. This downgrade reflects growing concerns about Moderna’s near-term prospects amid an increasingly challenging market for its flagship COVID-19 and RSV vaccines. Alongside the downgrade, RBC… Continue reading RBC downgrades Moderna and cuts price target by 28%: Should you exit?
TikTok to withdraw Lite Rewards program permanently from EU amid safety concerns
TikTok has agreed to permanently withdraw its ‘Lite Rewards’ program from the European Union in response to concerns raised by the EU Commission. This decision, made under the Digital Services Act (DSA), highlights the growing scrutiny of digital platforms, particularly regarding the safety and well-being of users, especially children. In April 2024, the EU Commission… Continue reading TikTok to withdraw Lite Rewards program permanently from EU amid safety concerns
Jesper Koll eyes Japanese stocks amid market sell-off: Here’s why
Jesper Koll – an expert director for Monex Group is open to “start buying Japan” after the benchmark Nikkei 225 tanked more than 12% on Monday. Japanese stocks saw their worst day since the “Black Monday” of 1987 as the Yen recorded a new year-to-date high of 142.09 against the US dollar today. Part of… Continue reading Jesper Koll eyes Japanese stocks amid market sell-off: Here’s why
Market crash: Nvidia stock falls amid tech pullback
Nvidia ((NASDAQ: NVDA) shares have tumbled in early Monday trading, extending the stock’s one-month decline to around 23%. This downturn comes amid a major pullback in global tech stocks and reports of a delay in the delivery of Nvidia’s newly designed AI chips known as Blackwell. Source: TradingView Nvidia’s Blackwell chip delay impacts stock performance… Continue reading Market crash: Nvidia stock falls amid tech pullback
Infineon to slash 1,400 jobs globally and move 1,400 roles in major cost-cutting move
Infineon Technologies, the leading German chipmaker, announced on Monday plans to cut 1,400 jobs globally and relocate another 1,400 positions to countries with lower labour costs. This decision is part of a previously announced cost-savings programme to improve operational efficiency and reduce expenses. The job cuts will include several hundred positions at Infineon’s plant in… Continue reading Infineon to slash 1,400 jobs globally and move 1,400 roles in major cost-cutting move
Long ELV: Elevance Health Targets $550 Highs, Positive Earnings Support Bullish Trend
Wall Street sentiment sours as Dow plummets over 700 points on recession fears
The S&P 500 faced its worst session in nearly two years on Friday, spurred by recession fears following a surprisingly weak jobs report for July. The broad-market index fell by 1.8%, the Nasdaq Composite dropped by 2.2%, and the Dow Jones Industrial Average decreased by 729 points, or 1.8%. The sharp decline highlights growing economic… Continue reading Wall Street sentiment sours as Dow plummets over 700 points on recession fears