Investment bank says buy defense stocks, brace for $100 oil and 10% stock market correction
Turmoil in the Middle East could cause dramatic moves in the financial markets, according to U.K. investment bank Liberum Capital.
Rising oil is still the big market risk despite today’s pullback, analysts say
Markets saw limited movement Monday, but all eyes are on Israel’s next steps after an Iranian drone and missile strike.
Trump Media closes down more than 18% after filing plans to issue more DJT stock
Donald Trump is the majority shareholder in Trump Media, which owns the Truth Social app. DJT shares fell 20% last week ahead of his New York hush money trial.
Hong Kong regulators approve launch of spot bitcoin and ether ETFs
Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), asset managers said.
Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo
Tesla will lay off more than 10% of its global workforce. Read the memo to employees from CEO Elon Musk.
BP’s EV charging arm cuts jobs, reduces global ambitions: Reuters
BP Pulse reduced the number of countries it operates in from 12 to four in recent months, focusing now on the United States, Britain, Germany and China.
Freetrade, Britain’s answer to Robinhood, posted its first quarterly profit
British stock trading app Freetrade hit breakeven earlier this year, the company told CNBC, marking its first-ever move into the black.
‘Prelude to World War III’: World leaders react to Iran’s air attack against Israel
World leaders called for calm and restraint in the aftermath of Iran’s large-scale air attacks on Israel.
OpenAI opens its first Asia office in Japan as a ‘first step’ in its commitment to the region
ChatGPT developer OpenAI opened its first Asian office in Tokyo, Japan as the company aims to expand its global presence.
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The Biden administration has agreed to provide up to $6.4 billion in direct funding for Samsung Electronics to develop computer chip manufacturing in Texas.
