Wall Street indices slipped on Friday as big tech names lost steam, dragging the broader market down. The S&P 500 fell about 0.5%, the Nasdaq dropped 0.8%, and the Dow slid roughly 190 points, or 0.4%, putting all three on track for a down week.Artificial intelligence valuations have become the…
Oil prices are once again under moderate pressure, primarily due to the continued increase in global oil production easing earlier concerns about market tightness caused by sanctions. Industry surveys suggest that OPEC’s production saw a further, albeit marginal, increase in October. Reuters estimates indicated a rise of 30,000 barrels per day…
Most non-agricultural commodities rose on the last day of the week with gold consolidating above the crucial mark of $4,000-per-ounce. Oil prices also climbed on Friday after spending most of the week in the red. Prices are set for second straight weekly losses. Base metal prices rose as investors resorted to bargain-buying…
A top German general is sounding the alarm, warning that Russia could launch a limited strike on NATO territory at any moment, even as early as tomorrow.In Denmark, the government is pushing ahead with a bold plan to ban social media for kids under 15, part of a growing global…
President Trump met with Hungarian Prime Minister Viktor Orbán to discuss Hungary’s reliance on Russian oil and potential sanctions exemptions.North Korea launched another short-range missile, underscoring its ongoing weapons push. In India, the Supreme Court cleared the late Air India pilot of fault in June’s fatal crash.Meanwhile, a US judge…
On Friday, the United States saw major headlines spanning academia, diplomacy, economic sentiment, and industry. Cornell University reached a high-profile settlement with the Trump administration to restore federal research funds. President Trump and Hungary’s Viktor Orban discussed the war in Ukraine, consumer sentiment in the US slumped sharply, and Boeing…
Senate Democrats on Friday moderated their demands in an effort to end the ongoing US government shutdown, now in its 38th day—the longest in the nation’s history. Despite the concession, they continue to insist on a one-year extension of expiring Affordable Care Act (ACA) subsidies as a condition for supporting…
Senate Republicans on Friday dismissed an offer from Democrats to end the government shutdown in exchange for a one-year extension of expiring Affordable Care Act subsidies, extending a budget standoff now in its 38th day that is upending air travel and halting food assistance for millions. The proposal, presented by…
Shares in British real estate portal Rightmove plunged as much as 28% on Friday after the company warned of slower profit growth in the coming years, citing accelerated investments in artificial intelligence.The drop marked a new 52-week low for the London-listed company before it pared losses to trade around 12%…
China’s newest and most advanced aircraft carrier, the Fujian, has officially entered service following a commissioning ceremony led by President Xi Jinping in Hainan province. The event marks a defining moment in China’s pursuit of naval modernisation and its long-term goal to rival US maritime power. With electromagnetic catapult technology…