Google dropped 2.6% in premarket trading after reporting a surprise jump in costs, representing a $US21 billion drop in market cap. Facebook, Amazon and Netflix also fell in premarket trading. US futures are higher on Tuesday as investors await Trump’s State of the Union address. European markets are edging higher […]

Chinese markets except Hong Kong were closed Monday as part of Lunar New Year celebrations with the Hang Seng up 0.2%. US futures are slightly higher following President Trump’s positive words about the US-China trade war ahead of his State of the Union address Tuesday. European markets are mixed with […]

The Federal Reserve held interest rates steady Wednesday, and Fed Chairman Jerome Powell said the US central bank would be patient with hikes. Stock markets quickly moved higher, with the Hang Seng approaching a four-month high. Also Wednesday, Facebook announced fourth-quarter earnings that beat Wall Street expectations. Facebook soared 11% […]

The US Justice Department on Monday charged the Chinese tech giant Huawei with bank fraud and conspiring to steal trade secrets, and it’s is not helping market sentiment. After Asian markets closed Tuesday with slight declines, European stocks were mixed and US futures were set to open lower. “The overriding […]

Investors sent stocks lower on Monday morning as they weighed looming trade talks between the US and China and a slew of other key events to help gauge the health of the global economy. Key negotiators are due to hold meetings on trade between the US and China on Wednesday […]

The super rich are spending less on yachts, jewellery and private jets thanks to recent falls in the stock market, Goldman Sachs says. “We find large effects of the stock market on luxury spending,” Goldman economist Daan Struyven wrote on Wednesday. Struyven says his team’s analysis is consistent with a […]

PG&E, California’s largest gas and power company, was trading down 48% on Monday. The utility could face billions of dollars in liabilities after being accused of negligence in one of the state’s most destructive wildfires last year. CEO Geisha Williams is out, and the company said in a statement Monday […]

US index futures were tumbling early Wednesday, following global stocks lower after manufacturing data out of China signalled a slowdown. The S&P 500 fell 6.2% in 2018, booking its worst year since the financial crisis and worst December since the Great Depression. Read more at Markets Insider. US stocks look […]

Asian markets tumbled Wednesday after President Donald Trump reignited trade-war tensions. His tweet Tuesday calling himself “Tariff Man” preceded a bloodbath in US stock markets. He later threatened “major tariffs” against China. Trader sentiment has dragged as fears about global growth and the US economy resurfaced. European equities took a […]

Stocks finished up in US markets on Thursday night, but the joy looks as if it may be short-lived. Tech stocks were way down in premarket trading Friday, with the Nasdaq set to open more than 3% lower. LONDON – Stocks were sinking, again, in premarket trading early Friday after […]

The US stock market has seen historically high levels of volatility since its correction in February. Tech stocks have gotten rocked since a massive Facebook data breach, prompting fears that both EU and US regulation will slow growth in the sector. Meanwhile, President Donald Trump has been railing against China […]