Nasdaq closes 1.8% lower as as hotter CPI fuels Fed rate hike fears
US stocks closed lower on Wednesday as hotter-than-expected inflation data increased expectations of further Federal Reserve interest rate hikes, weighing on technology shares
Gold
Oil
Lenovo Group stock rally has stalled: will it drop further or rebound?
Lenovo Group’s share price has lost momentum since reaching its all-time high in September. The stock has fallen for three consecutive weeks to
Bitcoin
Evening digest: oil prices mixed, bank stocks slip after earnings
Oil prices were mixed as hopes for increased Russian diesel supplies offset concerns over attacks on Middle East energy infrastructure. Gold prices edged
Business
Why Nvidia shares have fallen over 2% on Wednesday?
Nvidia NVDA shares fell more than 2% on Wednesday as hotter-than-expected US inflation data triggered a broader market sell-off, adding to pressure on
Economy
Do Micron, Samsung, SK Hynix stocks really face a threat from CXMT? Analysts answer
Memory chip stocks, including Micron Technology, Samsung Electronics and SK Hynix, have been battered several times this year by reports of technological advances
Gold
Wells Fargo Q3 revenue miss doesn’t break the bull case
Wells Fargo (WFC) stock is inching lower on October 13 after the bank’s Q3 earnings disappointed investors. On a per-share basis, WFC earned
Oil
Samsung, SK Hynix and SoftBank are crashing together: what changed overnight?
Samsung Electronics, SK Hynix and SoftBank plunged on Tuesday as investors worried about rising Chinese competition. Weakening confidence in AI returns and higher
Bitcoin
Dow closes 170 pts lower as chip stock sell off continues
US stocks ended mixed on Tuesday as investors assessed third-quarter earnings from major banks and continued selling memory chip stocks following a sharp
Business
JPMorgan Chase stock muted after Q3 earnings: here’s what disappointed investors
JPMorgan Chase (JPM) shares remained muted in premarket trading on Tuesday after the bank reported third-quarter earnings and revenue below analysts’ expectations, marking
Economy
Nu Holdings stock loses momentum after hitting a resistance: is it a buy?
Nu Holdings stock price has pulled back in the last two consecutive days as investors started booking profits after the recent surge. It