Asian shares are mostly higher following a strong US jobs report
02 Mar
Science & Technology

Asian shares are mostly higher following a strong US jobs report

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NEW YORK (AP) — U.S. stocks fell sharply Thursday as the market punished companies seen as potential losers from artificial-intelligence technology. The S&P 500 sank 1.6% for its second-worst day since Thanksgiving, though it’s still near its all-time high set late last month. The Dow Jones Industrial Average dropped 669 points, or 1.3%, and the Nasdaq composite fell 2%. AppLovin lost nearly a fifth of its value and tumbled 19.7%, even though it reported a stronger profit for the latest quarter than analysts expected. Like other software companies, it’s come under pressure from worries that AI may...
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DJT stock’s sudden crash wipes out $2.4 billion from Donald Trump’s wealth in just 3 days
03 Nov
Science & Technology

DJT stock’s sudden crash wipes out $2.4 billion from Donald Trump’s wealth in just 3 days

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Technology tamfitronics The recent collapse in shares of Trump Media and Technology Group, the parent company of Truth Social, has ravaged Donald Trump’s net worth.He owns the majority of its shares, which trade under the ticker DJT, and the stock has been a barometer of the former president’s prospects this election cycle. It soared as polls began tilting his way through most of October.On Tuesday, shares were so high that Trump Media’s market cap hit $10.8 billion, exceeding Elon Musk’s social media platform X, which has an estimated value of $9.4 billion.But the next day, DJT shares began selling off, with volatility so extreme that trading was halted several times. By the end of the session, the stock had tumbled 22%, marking the biggest single-day plunge since Trump Media went public in March.Shares fell 12% on...
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European Stocks Drop Most in Two Years as Global Rout Deepens
05 Aug
Science & Technology

European Stocks Drop Most in Two Years as Global Rout Deepens

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Technology tamfitronics European stocks dropped, sending a regional benchmark to the lowest since February, amid a deepening global retreat sparked by concerns of a US economic slowdown.Author of the article:Bloomberg NewsAllegra Catelli and Michael MsikaPublished Aug 05, 2024 • Last updated 12 minutes ago • 2 minute readu4p5y)e{7thief8{8)thng_media_dl_1.png Bloomberg(Bloomberg) — European stocks dropped, sending a regional benchmark to the lowest since February, amid a deepening global retreat sparked by concerns of a US economic slowdown.The Stoxx Europe 600 Index fell 2.2% by the close in London. The index pared some of its losses after data showed the US services sector expanded in July. All sectors declined, with utilities, real estate and energy shares sinking the most.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from...
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