Alphabet and Tesla’s mixed earnings reports kicked off the Big Tech earnings season, leading to minor declines in the stock market. Alphabet performed well in search and cloud, while Tesla missed earnings expectations.
Author: Jason Chang
Delta Airlines Faces Prolonged Meltdown After Tech Outage
Delta Airlines is grappling with extended flight cancellations and delays following a tech outage, leading to a DOT investigation and significant passenger disruptions.
Crypto Surges with Trump’s Support and SEC’s Ether ETF Approval
Crypto markets are experiencing a surge as Donald Trump prepares to speak at a Bitcoin conference, and the SEC approves ether ETFs, signaling broader mainstream acceptance.
Gold Market Analysis
The gold market is currently experiencing subdued activity as investors process the unexpected announcement of President Biden withdrawing from the presidential race. Gold briefly touched its daily high before declining to $2,385.20, and then recovering slightly.
Delta Disruptions, CrowdStrike Outage, and Cybersecurity Concerns
Delta Air Lines CEO Ed Bastian announced that flight disruptions will persist for a few more days after a global cyber outage caused widespread cancellations and delays.
Business News Headlines July 16 2024
Stay updated with the latest global market movements and business news. Highlights include Spirit Airlines’ projected loss, Nvidia’s potential market cap growth, and Morgan Stanley’s profit surge amid wealth management challenges.
Financial Markets Update: Inflation Trends, AI Growth, and Commodities
The latest CPI report shows a decrease in inflation, setting the stage for potential interest rate cuts. This development, along with significant movements in tech stocks and commodities, shapes the current financial landscape.
Global Market Summary: July 10, 2024
Today’s global market summary covers significant movements across U.S., European, and Asian stocks, commodities, and key corporate news. Get insights into AI investments, Intuit layoffs, and FTC actions against drug middlemen.
U.S. Economy Stabilizes as Job Market Cools: Gold and Federal Reserve
Fed Chair Jerome Powell addresses Congress, highlighting a stabilized U.S. economy and balanced labor market, hinting at potential interest rate cuts.
Equities Edge Higher with Gold Prices Dropping; AAPL, MSFT, META, GOOGL Hit Record Highs
Global equities and gold prices experience fluctuations as investors focus on Powell’s testimony, inflation data, and corporate earnings. Major tech stocks hit new highs, while Paramount announces a significant merger with Skydance.