Browsing: Finance
NEW YORK (AP) — A sell-off for tech stocks is getting worse Friday on worries that Wall Street’s frenzy around artificial-intelligence technology sent prices too high.
The Edo State Internal Revenue Service (EIRS) has sealed the premises of Rongtai Plastic Company Limited and eight other corporate entities operating in Utesi community, Ikpoba-Okha Local Government Area of Edo State, over alleged unpaid tax liabilities totalling ₦8.982 billion.
Tech stocks tumbled for the second day in a row as concerns rise over the hundreds of billions of dollars firms are investing in artificial intelligence (AI).
NEW YORK/LONDON, Oct 30 (Reuters) – A sharp selloff in Wall Street’s tech shares pushed MSCI’s global index down more than 1% on Friday, sending investors to the safety of US bonds on fears that hefty cash-burning AI investments may not deliver sufficient returns.
Airbnb(ABNB+1.01%) has mostly been a disappointment for investors after initially surging out of the gate in its 2020 IPO, but in 2026, the stock is finally gaining momentum.
Households’ expectations about future inflation play a central role in modern monetary policy. They influence how much households choose to spend or save – and ultimately, how effectively central banks can stabilise the economy.
Tesla will report its third-quarter 2026 financial results on October 21, Eastern Time. Consensus estimates project revenue of $27.9 billion to $28.1 billion and adjusted EPS of $0.44 to $0.45, reflecting a lag in profitability recovery despite better-than-expected deliveries of 486,532 vehicles. Key metrics include automotive gross margins, projected near 17%, and free cash flow…
Artificial intelligence (AI) stocks have led this bull market over the past three years, pushing the S&P 500 to record highs. Investors were eager to get in on this promising technology early on, and in many cases, they’ve already greatly benefited. For example, chip designers such as Nvidia and Advanced Micro Devices, as well as…
What if the stock market crashes tomorrow? It’s a question worth asking, especially when investors worry that high valuations, enthusiasm for artificial intelligence, or economic uncertainty could trigger a sharp sell-off.
With a trade war battering the economy and the Iran war stoking inflation — it’s not as if the Bank of Canada didn’t have enough to worry about. Now there’s a “leaky loonie.”