Barnier government on the brink of collapse

Barnier government on the brink of collapse

French Prime Minister Michel Barnier forces through a contested budget bill which spooks financial markets and exposes his government to a potential no-confidence vote this week. The S&P 500 and Nasdaq begin December hitting new record highs, with Asian indices following suit. Intel CEO Pat Gelsinger is ousted by the company’s board as his plans to turn around the chip maker’s fortunes falter. Meanwhile, the outgoing Biden administration launches new export controls for the chip sector in a bid to hamstring China’s ambitions in the sector. A U.S. judge upholds the decision to deny Tesla CEO Elon Musk a record $56bn pay package, despite shareholders voting to reinstate the move.

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Jaksot(1823)

Tech rebound lifts Wall Street

Tech rebound lifts Wall Street

Wall Street rebounded during Monday’s session with strong performances from tech giants Oracle, Broadcomm and Nvidia. Asian equities have followed suit but Europe is set to open flat. Embattled UK Pri...

10 Helmi 29min

 Japan's Takaichi bets big and secures landslide super-majority

Japan's Takaichi bets big and secures landslide super-majority

Japanese Prime Minister Sanae Takaichi secures a snap election landslide to pave the way for major fiscal spending. Her decisive victory pushed the Nikkei beyond the 57,000-mark for the first time and...

9 Helmi 28min

U.S. tech sell-off stretches to third day

U.S. tech sell-off stretches to third day

The tech rout Stateside looks set to continue into a third day with giants such as Oracle, Palantir and Salesforce all suffering double-digit losses for the week. The gloom is contagious in the crypto...

6 Helmi 27min

Nasdaq sinks for second day as AI jitters prompt massive tech sell-off

Nasdaq sinks for second day as AI jitters prompt massive tech sell-off

The Nasdaq suffers back-to-back losses of more than 1 per cent for the first time since April following a massive tech sell-off that sees almost $1tn wiped from tech stocks as A.I. related concerns re...

5 Helmi 28min

European corporate earnings in full swing

European corporate earnings in full swing

UBS posts quarterly profit of $1.2bn and hikes its dividend by 22 per cent and reaffirms its forecasts for the year. The Swiss lender says it is on track to fully integrate Credit Suisse later this ye...

4 Helmi 26min

KOSPI and Nikkei lead global market recovery

KOSPI and Nikkei lead global market recovery

Global equity markets bounce back with South Korea’s KOSPI notching its best session in almost six years and the Nikkei closing at a record high. Metals prices also stabilise and claw back some of the...

3 Helmi 29min

Metal prices continue last week's rout

Metal prices continue last week's rout

Gold and silver spot prices continue to plunge following Friday’s rout which saw the worst one-day decline since 1980 as investors digest President Trump’s decision to nominate Kevin Warsh as Federal ...

2 Helmi 26min

Markets await new Trump Fed pick

Markets await new Trump Fed pick

European equities are set to open in the green but Stateside futures are expected to lose ground ahead of President Trump’s eagerly anticipated announcement of a new Federal reserve chairman. Former F...

30 Tammi 26min

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