Volkswagen announced a painful restructuring, and investors responded by sending the shares sharply higher. The German automaker plans to eliminate another 50,000 jobs by 2030, taking planned reductions to about 100,000, while cutting its model range roughly in half. Volkswagen stock jumped about 7% in early Frankfurt trading on Friday after its supervisory board unanimously
Bitcoin price BTC has risen 2.3% over the past 24 hours to roughly $78,500, breaking above $78,000 as softer US employment figures, fresh spot ETF inflows, and lower Treasury yields have supported demand for BTC. ADP reported that US private employers added 38,000 jobs in August, below market expectations of roughly 47,000 and the weakest
US stocks rose on Wednesday as Treasury yields eased from recent multiyear highs, allowing the major indexes to recover part of their losses from a three-day losing streak. Investors also assessed higher oil prices, renewed US-Iran tensions and recent economic data for clues about inflation and Federal Reserve policy. The Dow Jones Industrial Average gained
US stocks fell on Tuesday as investors began September amid rising oil prices, higher global bond yields and renewed concerns over inflation. The Dow Jones Industrial Average declined 0.79%, while the S&P 500 and Nasdaq Composite also closed lower as markets assessed the potential impact of renewed US-Iran hostilities on energy prices and Federal Reserve
US stocks ended lower on Monday as renewed military hostilities between the United States and Iran pushed oil prices higher and revived concerns about inflation and monetary policy. The decline came as investors prepared to close out a volatile August, with all three major indexes still on track to post monthly gains. The Dow Jones
Crude oil prices held in a tight range this week as investors focused on the stalemate between the US and Iran. Brent, the global benchmark, ended the week at $88.28 a barrel, while West Texas Intermediate (WTI) settled at $83.45. Both benchmarks remain more than 30% below their highs for the year, and key developments
As governments and regulators around the world intensify scrutiny of social media’s impact on children, Meta’s landmark US settlement marks a major shift in how technology companies may be held accountable for the way their platforms are designed and used. Meta has agreed to overhaul parts of Instagram and Facebook in the United States and
Global markets were shaped by developments across artificial intelligence, cryptocurrencies and commodities on Thursday, with OpenAI and Anthropic urging governments and businesses to strengthen defenses against AI-enabled cyberattacks. Bitcoin climbed back above $80,000 as renewed ETF demand and stronger risk appetite supported its rebound. Oil prices rose as hopes for renewed US-Iran negotiations faded and
US stocks ended higher on Thursday, with the Nasdaq Composite outperforming the broader market as Nvidia’s strong revenue outlook boosted technology and semiconductor shares. Investors also looked ahead to Federal Reserve Chair Kevin Warsh’s upcoming Jackson Hole speech amid renewed concerns over inflation and interest rates. Nvidia earnings lift technology stocks The Nasdaq Composite gained
Even as Wall Street’s broader conviction on artificial intelligence holds firm, short-term positioning fatigue is threatening to unwind the market’s most lucrative trade. Chip stocks face a sharp near-term drawdown risk, driven less by any operational stumble than by overcrowded portfolio bets colliding with macroeconomic pressure. Bank of America semiconductor analyst Vivek Arya thinks the