Strong jobs, services data dampens Fed rate cut hopes

Strong jobs, services data dampens Fed rate cut hopes

A strengthening services and jobs scenario Stateside again dampens expectations of further Fed rate cuts this year with tech stocks pushing U.S. indices down, with Nvidia hit by profit-taking. In the UK, long-term borrowing costs soar to a 27-year high potentially wiping out under-fire Chancellor Rachel Reeves’ fiscal headroom. Samsung admits it will miss expectations in Q4 but share are in the green on the back of positive comments from Nvidia CEO Jensen Huang about the company’s ability to deliver A.I.-suitable chips. Facebook owner Meta scraps its fact-checking programme in what CEO Mark Zuckerberg describes as a return “back to our roots” regarding free speech. And in Los Angeles County, wildfires force 30,000 people to flee the Pacific Palisades region. A state of emergency has been declared.

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Jaksot(1823)

ROK's Kospi suffers worst market session ever

ROK's Kospi suffers worst market session ever

Equity markets in Asia nose-dive with South Korea’s Kospi posts its worst session in history. Conflict in the Middle East intensifies fears of inflation causing investors to dump tech and semiconducto...

4 Maalis 27min

U.S. ramps up strikes on IRGC sites

U.S. ramps up strikes on IRGC sites

The U.S. strikes at more than 1,000 Iranian sites including IRGC facilities while Tehran retaliates by hitting the U.S. embassy in Riyadh. President Trump says he is prepared to extend the conflict if...

3 Maalis 29min

U.S.-Israeli strikes on Iran intensify

U.S.-Israeli strikes on Iran intensify

U.S. and Israeli strikes on Iran intensify as Tehran retaliates hitting targets across the region including American and British bases. President Trump says the attacks could last for several weeks. C...

2 Maalis 33min

Greens deal major blow to UK's Starmer with Manchester by-election victory

Greens deal major blow to UK's Starmer with Manchester by-election victory

The Green Party wins the Gorton and Denton by-election in Greater Manchester with Labour coming a distant third. The result will pile more pressure and scrutiny on Prime Minister Sir Keir Starmer ahea...

27 Helmi 45min

Nvidia posts blockbuster quarter but markets remain cautious

Nvidia posts blockbuster quarter but markets remain cautious

Amid continuing A.I.-related jitters, Nvidia posts another set of stellar quarterly results but Salesforce disappoints with revenue forecasts coming in below analysts’ expectations. However, both comp...

26 Helmi 26min

Trump hails U.S. economy during record SOTU address

Trump hails U.S. economy during record SOTU address

President Trump delivers the longest SOTU speech in history to defend his second-term record. Trump highlighted progress made on the economy and hailed the ‘golden age’ of America. Several new tech pa...

25 Helmi 25min

A.I. jitters prompt fresh Wall Street tech sell-off

A.I. jitters prompt fresh Wall Street tech sell-off

Wall Street suffers another A.I.-fueled sell-off with enterprise software and private capital leading losses. Investors’ fears reappear following the unveiling of a new Anthropic programming language ...

24 Helmi 30min

Trump retaliates with new tariffs after SCOTUS ruling

Trump retaliates with new tariffs after SCOTUS ruling

U.S. President Donald Trump unleashes a new 15 per cent global baseline tariff – the maximum legal amount – following the Supreme Court’s ruling that reciprocal country-specific levies were illegal. T...

23 Helmi 30min

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