2 دن پہلے
Tech losses weigh on global markets ahead of US midterm elections, while oil prices rise
Shares are mostly lower in Europe and Asia and U.S. futures have also declined ahead of the U.S. midterm elections. Oil prices climbed after the United States conducted defensive strikes on some Iranian targets in the Strait of Hormuz. Markets in Tokyo were closed for a holiday. Australian shares rose after the central bank raised its key interest rate to 4.85%, the highest level in 18 years. The outcome of Tuesday’s vote could fundamentally reshape U.S. President Donald Trump’s final two years
2 دن پہلے
10-29
Volkswagen posts $6.5 billion quarterly loss as China slump, Porsche writedown weigh on bottom line
Volkswagen has posted a $6.5 billion after-tax loss for the July-September quarter. The company faces challenges like weak demand in China, U.S. tariffs, and lower profits from electric vehicles. The results, announced Thursday, highlight the need for cost-cutting measures, which could lead to the loss of up to 100,000 jobs and the closure of four German plants. Sales revenue decreased by 6.3% to 80.3 billion euros. Earnings also suffered from a 6.4 billion euro reduction in the value of Volkswa
10-29
10-29
Asian shares and U.S. futures are mixed after Google parent Alphabet's earnings disappoint
Asian shares and U.S. futures are mixed, weighed down by some big technology stocks after Google parent Alphabet’s earnings were below expectations. As expected, the Federal Reserve kept its key rate unchanged. Oil prices fell more than 1% early Thursday, even as U.S. officials warned that renewed military action against Iran could come after the Nov. 3 midterm elections. On Wednesday, Wall Street’s benchmark S&P 500 added 0.3%. The Dow Jones Industrial Average gained 0.2%, and the technology-he
10-29
10-28
Global shares are mixed after US stock rally, and oil prices gain more than 1%
Asian stocks are mostly higher as AI-related stocks boost benchmarks in Tokyo and Seoul ahead of quarterly earnings reports. U.S. futures edged higher and oil prices rose. Memory chipmakers SK Hynix and Samsung Electronics surged, recovering last week’s losses. New Zealand’s central bank surprised markets by keeping its benchmark interest rate on hold. On Tuesday, the majority of stocks within the S&P 500 fell, but gains for influential companies related to artificial-intelligence offset those l
10-28