US markets opened higher on Thursday after tech giants opened in green due to strong tech earnings. The tech heavy Nasdaq index opened 1.13% higher at market open. The benchmark S&P 500 index gained 0.66% while the Dow Jones Industrial Average was up by 0.19%. Microsoft and Meta power market gains Shares of “Magnificent Seven” […]
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US stocks bounced back at the open on Monday following a sharp sell-off in the previous session, as investors reassessed the impact of weak labor data and newly announced tariffs from the Trump administration. The rebound comes despite lingering concerns over stagflationary signals in the economy and a mixed finish to the second-quarter earnings season. […]
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Tesla’s sales of its China-made electric vehicles edged up slightly in June, snapping an eight-month losing streak in a key market. However, this modest gain does little to mask the broader challenges facing the US automaker, including an expected decline in overall quarterly deliveries and mounting pressure from lower-cost rivals. Data released on Wednesday by […]
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European stock markets began the week with a mixed and directionless tone, as investors navigated a complex landscape of new US tariff threats, a high-profile political feud between President Donald Trump and Elon Musk, and significant corporate deal-making. About 10 minutes into Monday’s trading session, the pan-European Stoxx 600 index was hovering just below the […]
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Tesla CEO Elon Musk has launched a new political party in the United States, declaring the formation of the “America Party” on Saturday. The move follows Musk’s fallout with President Donald Trump over a sweeping tax and spending bill that Musk criticized for deepening the nation’s fiscal woes. The announcement was made on Musk’s social […]
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Yum Brands says it is exploring strategic options for Pizza Hut, a review that could include a potential sale as the iconic pizza chain struggles to regain momentum in an increasingly competitive market. Papa John’s, which had been in talks with Apollo Global for a potential $2.1 billion take-private deal, now faces uncertainty after the […]
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SoftBank Corp. and OpenAI are joining forces to roll out new artificial intelligence services for Japanese businesses next year, marking a major step in Japan’s push to harness AI across industries. The initiative, launched under the new joint venture SB OAI Japan, aims to provide enterprise-grade AI tools that accelerate business operations, including advanced voice […]
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The USD/ZAR exchange rate rose to 17.86 on Tuesday as investors reacted to Donald Trump’s trade war with South Africa. It rose to a high of 17.86, up from the year-to-date low of 17.50. US and China trade war and BRICS tariffs The South African rand has come under pressure this week for two main […]
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US stocks rose on Thursday, led by gains in the technology sector, after President Donald Trump announced new tariffs on imported chips with broad exemptions for companies manufacturing in the United States. The Dow Jones Industrial Average climbed 226 points, or 0.5%, while the S&P 500 added 0.5%. The Nasdaq Composite outperformed, rising 0.8%. Trump […]
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US stocks gained on Friday, setting the three major indexes on course to finish the week higher. The Dow Jones Industrial Average rose 139 points, or 0.3%, while the S&P 500 and the Nasdaq Composite each advanced 0.3%. For the week, the S&P 500 is tracking a 2% gain, the Dow is on pace to […]
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