A major tech sell-off stretched into a second day Tuesday as investors questioned whether artificial intelligence will generate the profits that have fueled lofty valuations for companies such as Alphabet, SpaceX and Nvidia. After the opening bell, the tech-heavy Nasdaq Composite slumped 628 points, or 2.4%, to 25,537. The decline marks a second day of … Read more
The Dow rose on Tuesday, building on Monday’s news that the U.S. and Iran reached a deal to end the war. Senior Barron’s writer Laura Sanicola joins CBS News to discuss. Source link
New data from the Office of Government Ethics shows that President Trump is ramping up his stock portfolio, with a CBS News analysis finding the president’s investment accounts made 3,600 trades between January and March. CBS News senior investigative reporter Michael Kaplan has more. Source link
Trump trades stocks at unprecedented levels for a president, CBS News investigation finds – CBS News Watch CBS News A CBS News investigation shows President Trump has traded stocks at a level never before seen by an Oval Office occupant. CBS News investigative reporter Michael Kaplan has the details. Source link
Oil prices tumbled after President Trump said the U.S. has reached a deal with Iran that will reopen the Strait of Hormuz, a vital Middle East waterway that accounts for roughly 20% of global crude. U.S. stocks are poised to surge when the market opens at 9:30 a.m. ET on optimism that the deal will bring relief … Read more
Major stock indexes fell sharply Friday after a strong jobs report set the stage for the Federal Reserve to hike rates, rattling shares of companies that are involved in sky-high artificial intelligence investments. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The threat of higher interest rates often … Read more
HONG KONG — Stock markets in Japan and South Korea hit fresh record highs Monday on enthusiasm over the artificial intelligence boom and as investors await a decision on the Iran war ceasefire extension. Oil prices gained more than 2% as U.S.-Iran negotiations continued, including on the reopening of the Strait of Hormuz, a key … Read more
The S&P 500 is on a hot streak, notching nine record highs in May alone despite soaring gasoline prices, sliding consumer confidence and the highest inflation in almost three years. The rally in stocks also has more room to run, according to Wall Street analysts. On Wednesday, Goldman Sachs upped its target for the S&P … Read more
Stocks rose on Tuesday despite renewed tensions in the Persian Gulf as investors clung to hopes of a deal between the U.S. and Iran to end the war. The U.S. military overnight struck Iranian missile launch sites and other targets, attacks that Iran’s Foreign Ministry called a “grave violation” of the countries’ ceasefire. President Trump said on … Read more
Despite the ongoing war in Iran and high gas prices, stocks started trading higher on Monday. The S&P 500 and Nasdaq both hit record highs, bolstered by the tech sector. Yahoo Finance senior reporter Brooke DiPalma joins with analysis. Source link