Japan’s Nikkei sees best day since October 2008; logs record single-day jump in points
The rebound follows a sharp sell-off in the U.S. with the Dow and the S&P 500 notching their worst sessions since September 2022.
Moving out of cash? These are the top-performing fixed income funds so far this year
Get out of cash — that’s what many on Wall Street have been saying since expectations of rate cuts started rising earlier this year.
‘Hot money is saying sayonara’: Japan fund manager names outperforming sector to buy amid sell-off
The ETFs and stocks named by the fund manager have significantly outperformed.
CrowdStrike is sued by fliers after massive outage disrupts air travel
CrowdStrike’s legal troubles from last month’s massive global computer outage deepened on Monday, as the cybersecurity company was sued by air travelers whose flights were delayed or canceled.
U.S. personnel wounded in attack against base in Iraq, officials say
At least five U.S. personnel were injured in an attack against a military base in Iraq on Monday.
San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens
Progress on inflation and a clear slowdown in hiring likely will drive the Fed to some extent of policy easing, Daly said Monday.
Lucid gets $1.5 billion cash infusion from Saudi shareholder, beats revenue estimates
Lucid Group said on Monday its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject $1.5 billion in cash, as the electric vehicle maker looks to add new models to its product line.
Palantir raises annual revenue forecast on AI strength; shares surge
Palantir Technologies raised its annual revenue forecast for the second time this year on Monday, the latest sign that the generative AI boom is driving demand for its software services.
$1 trillion wipeout: Market rout punishes megacap tech
The seven most-valuable U.S. tech companies lost a combined $1 trillion in market value at the start of trading on Monday.
Google loses antitrust case over search
Google has illegally held a monopoly in search and text advertising, a federal judge ruled on Monday
