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NEW YORK — Cathie Wood, founder and chief executive of ARK Invest, trimmed her firm’s position in artificial intelligence giant Palantir Technologies, signaling a tactical shift as valuations across the AI sector soar. According to ARK’s daily trade filings, the firm sold about 4,000 Palantir shares on October 10, worth roughly $754,000. Though modest, the … Read more
NEW YORK — US stocks tumbled Friday after former President Donald Trump warned of “massive” new tariffs on Chinese imports, wiping out roughly $2 trillion in market value within hours and sending a shockwave through global markets. The S&P 500, which had been near an all time high early in the session, fell 2.7% by … Read more
NEW YORK — US stocks fell sharply Friday after former President Donald Trump threatened to impose significantly higher tariffs on Chinese imports, accusing Beijing of “becoming very hostile” and tightening control over its rare earth metal exports. The Dow Jones Industrial Average dropped 449 points, or roughly 1%, in a sudden midday selloff that erased … Read more
ATLANTA — Delta Air Lines reported stronger than expected third quarter earnings on Thursday, signaling renewed strength in air travel demand and improved corporate bookings after a challenging start to the year. The carrier’s chief executive, Ed Bastian, said the airline’s “significant improvement” in revenue outlook positions it for one of its most profitable fourth … Read more
European stocks opened lower Thursday, retreating from Recent Record High, as investors weighed the risk of a market correction and sought safer assets amid global uncertainty. Gold remained above $4,000 for the first time, reflecting heightened demand for safe haven assets amid a weaker dollar and geopolitical tensions. Wall Street hit fresh record highs in … Read more
Washington — The United States government has approved several billion dollars worth of Nvidia chip exports to the United Arab Emirates, according to a report by Bloomberg News on Wednesday. The export licenses, issued by the Commerce Department’s Bureau of Industry and Security, were granted under the terms of a bilateral artificial intelligence agreement finalized … Read more
WASHINGTON — The global economy has shown stronger than expected resilience despite a series of shocks over recent years, International Monetary Fund Managing Director Kristalina Georgieva said Wednesday, forecasting only a modest slowdown in growth through 2026. Speaking ahead of the IMF and World Bank annual meetings in Washington, Georgieva said the world economy is … Read more
BRUSSELS — US technology giant Amazon plans to invest 1 billion euros ($1.16 billion) in Belgium between 2025 and 2027 to expand its infrastructure, enhance supply chains, and strengthen partnerships with local firms, Belgian newspaper L’Echo reported Wednesday. The investment marks one of Amazon’s largest commitments in Belgium to date, aimed at enabling same day … Read more
Boeing Co. is poised to secure conditional approval from the European Union for its $4.7 billion acquisition of Spirit AeroSystems, according to people familiar with the matter. The deal, which aims to strengthen Boeing’s control over its supply chain and improve quality oversight, is expected to be cleared with commitments to sell certain Spirit operations … Read more
Shares of Trilogy Metals surged more than 220% in premarket trading Tuesday after the US government announced a 10% stake in the Canadian minerals explorer, marking a significant move in Washington’s efforts to secure domestic sources of critical minerals. The White House said late Monday it will invest $35.6 million in Trilogy Metals to support … Read more
