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HONG KONG, China (AFP) — Asian equities continued their positive start to the year on Wednesday following more record closes on Wall Street, but the dollar faced further selling pressure. Analysts warned that global markets could face an uncertain year as Donald Trump’s tax cuts have already been priced into valuations, while central banks are on course to start winding back on years of cheap money. Investors have kicked off 2018 off in buoyant […]
NEW YORK, United States (AFP) — A strong US economic growth report lifted the Dow to a fresh record close Wednesday, even as the tech-rich Nasdaq plunged following a sell-off in high-flying technology shares. Meanwhile, bitcoin hogged the headlines after the virtual currency, which is not traded on world markets, smashed its way to historic peaks, racing past $11,000 a day after breaking $10,000 on a wave of feverish speculation as institutional investors looked to […]
HONG KONG, China (AFP) — Asian markets fell Monday after last week’s volatility, but the euro held gains following healthy economic data and on hopes German Chancellor Angela Merkel is close to forming a government. Investors ignored another strong lead from Wall Street, where the S&P 500 and Nasdaq chalked up fresh records on optimism for strong sales on Black Friday and Cyber Monday — the two major post-Thanksgiving shopping days. With little to drive […]
NEW YORK, United States (AFP) — Wall Street forged higher on Thursday, with Nasdaq hitting a new record while oil stocks shrugged off hurricane worries and economic data suggested another interest rate increase was less likely. And markets were cheered after Treasury Secretary Steven Mnuchin also said he expects to complete a tax reform plan this year, with a substantial reduction in taxes paid by corporations. At the close, the blue-chip Dow Jones Industrial Average […]
NEW YORK, United States (AFP) — Wall Street finished split on Monday, with the Dow and S&P 500 lower, while the Nasdaq closed at a fresh all-time high. The tech-heavy Nasdaq was drawn higher in anticipation of earnings from Google-parent Alphabet after the close, which handily beat analyst expectations, but saw its share price fall in after-hours trading. The Nasdaq rose 0.4 percent to reach a new record finish at 6,410.81, the fourth record in […]
NEW YORK, United States (AFP) — A hefty drop in Apple shares left the Nasdaq in the red Thursday, but higher oil prices helped keep the Dow in positive territory. Apple briefly ceded its crown as the world’s biggest publicly traded company to Google parent Alphabet during the session, but managed to edge out Alphabet at the end of trade. But Apple still finished down 2.4 percent on worries about declining iPhone sales and the lack […]
NEW YORK, United States (AFP) — The global stock rally showed signs of petering out Thursday as oil prices stagnated and analysts expressed worry that another bout of selling could be imminent. After three straight days of solid gains, US stocks closed lower, with the Nasdaq down the most at 1.0 percent. London also lost 1.0 percent with metals and oil equities falling sharply after Wednesday’s bounce. Frankfurt gained 0.9 percent, while Paris edged up […]
(Reuters) Big job cuts at Microsoft. The world’s largest software company is cutting up to 7,800 positions – most of them in its phone business. This move comes just one year after it launched one of the largest layoffs in tech history – some 18,000 jobs – as it tried to focus on cloud computing and mobile software services. Microsoft will write off $7.6 billion associated with Nokia’s handset unit it bought last year. It’s […]
(Reuters) — U.S. stocks rallied on Tuesday (March 4), with the S&P 500 closing at a record as concerns about a confrontation between Russia and Ukraine eased, and the market recovered more than all of the previous session’s hefty losses. President Vladimir Putin delivered a robust defense of Russia’s actions in Crimea on Tuesday, saying he would use force in Ukraine only as a last resort. His comments relieved investors’ fears that East-West tension over the former Soviet republic could lead to war. The […]
