Indian information technology stocks witnessed their steepest weekly fall since the early days of the COVID-19 pandemic, wiping out nearly $50 billion in market value as investor anxiety over artificial intelligence, weak global cues, and fading hopes of US rate cuts converged into a sharp sell-off.The rout gathered pace on…
US consumer price inflation eased more than expected in January, offering markets some relief, but signs of firm underlying price pressures, along with a strong jobs report has reinforced the view that interest rates are likely to stay unchanged for now.Data from the Labor Department showed consumer prices rose 2.4%…
Montreal-based Air Canada is seeing a significant increase in corporate traffic, especially on international routes, as Canada seeks to diversify its trading partners away from the United States. “We’re seeing a lot of corporate demand growth on the North Atlantic, seeing almost a 30% increase in the amount of corporate…
Rivian Automotive Inc (NASDAQ: RIVN) is pushing aggressively to the upside this morning after recording a blockbuster Q4 that signalled an “inflection point”, but UBS is keeping the champagne on ice.Following the company’s market-beating release, analyst Joseph Spak did blink, upgrading the EV stock to “neutral” – though it came…
Pinterest Inc (NYSE: PINS) crashed more than 20% this morning after reporting a “disappointing” Q4 and offering current-quarter guidance that suggested things aren’t expected to improve anytime soon.And while the company’s management attributed much of this weakness to “tariffs,” Citi analysts believe there’s more at play here that could make…
The meteoric rise of artificial intelligence, which once propelled markets to record highs, has hit a wall of skepticism.In early February 2026, a sharp sell-off rippled through global exchanges as the narrative shifted from “AI as a savior” to “AI as a disruptor.”This volatility was primarily triggered by two factors:…
Coinbase stock price continued its freefall this week as the crypto exchange released its financial results. COIN plunged to a low of $141 on Friday, its lowest level since February 2024. It has plunged by 68% from its all-time high.Coinbase business deteriorated in the fourth quarter The COIN stock price remained…
Hong Kong stocks came under pressure on Friday, with the Hang Seng Index falling for the second consecutive day, reaching its lowest level since February 6 this year. It retreated to a low of H$26,550, down sharply from the year-to-date high of H$28,000.Hang Seng Index crashed as global equities dipped The…
The CAC 40 Index jumped to a record high this week as some top companies like Kering, TotalEnergies, Dassault Systèmes, Hermes, L’Oréal, Safran, and Capgemini published their financial results. It jumped to an all-time high of €8,427, much higher than the year-to-date low of €7,985. This article explores some of…
India has approved a major acquisition of Rafale fighter jets from France as part of a sweeping defence modernisation push that spans air, naval, and ground forces.The clearance came on Thursday under a broader 3.6 trillion rupee ($39.7 billion) military procurement package.The move also comes days before French President Emmanuel…