US stocks kicked off August with a sharp retreat as the Trump administration announced reciprocal tariffs on several countries – with levies ranging from 10% to 41%.A disappointing monthly jobs data (July) revealing ongoing labour market weakness added further to investor woes, triggering a notable decline of as much as…
Shares of Amazon.com dropped by more than 8.6% in premarket trading on Friday, as investors responded with concern to the company’s second-quarter results, which showed cloud computing unit Amazon Web Services (AWS) growing slower than key rivals Microsoft and Google. The reaction comes despite Amazon’s stronger-than-expected profits and relatively upbeat…
Employers added just 73,000 jobs in July, sharply below expectations and the slowest pace this year, in a signal that economic uncertainty is weighing heavily on hiring decisions. The Labour Department’s report released Friday also revised down job gains from the prior two months by a staggering 258,000 positions, suggesting…
US President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell on Friday, urging the Fed’s board of governors to take over if Powell doesn’t move quickly to slash interest rates.The statement came after the Fed held its key interest rate steady at 4.25% to 4.50%.That decision…
US President Donald Trump announced on Friday that he has ordered the deployment of two nuclear submarines to regions near Russia as a direct response to what he described as “highly provocative statements” made by Dmitry Medvedev, former Russian president and current Deputy Chairman of Russia’s Security Council.Trump emphasized the…
One year into the Bank of England’s interest rate cutting cycle, UK households are yet to see meaningful financial relief. Despite four rate reductions since July 2024 and expectations for a fifth this week, the overall burden on consumers has grown, underscoring the complexity of easing monetary policy amid lingering…
Shares of Amazon.com dropped by more than 8.6% in premarket trading on Friday, as investors responded with concern to the company’s second-quarter results, which showed cloud computing unit Amazon Web Services (AWS) growing slower than key rivals Microsoft and Google. The reaction comes despite Amazon’s stronger-than-expected profits and relatively upbeat…
BYD Co. reported flat year-on-year sales growth in July, delivering 344,296 vehicles, a mere 0.6% increase from the same month last year. The figure also marked a 10% decline from June, underlining the challenges facing the world’s largest electric vehicle (EV) maker. While a seasonal dip in new car sales…
Employers added just 73,000 jobs in July, sharply below expectations and the slowest pace this year, in a signal that economic uncertainty is weighing heavily on hiring decisions. The Labour Department’s report released Friday also revised down job gains from the prior two months by a staggering 258,000 positions, suggesting…
Brazil’s antitrust regulator CADE has opened an investigation into US tech giant Microsoft at the request of Norwegian browser firm Opera, which had filed a formal complaint with the regulator. At stake in the inquiry is whether Microsoft has unfairly blocked its competitors from signing up users because its Edge…