The U.S. financial markets have been thrown into disarray following a startling announcement from President Donald Trump regarding his intention to remove Federal Reserve Governor Lisa Cook, sparking a sharp decline in stock futures and igniting widespread concern among investors. This dramatic
In a world where financial markets hang on every word from central bankers, a recent speech by US Federal Reserve Chairman Jerome Powell at the Jackson Hole Symposium sent shockwaves through global economies, igniting unprecedented volatility. The acknowledgment of the need for interest rate cuts,
Just last week, the U.S. stock market delivered a stunning performance, with the Dow Jones Industrial Average skyrocketing by over 800 points to a record high of 45,631.74, the S&P 500 gaining a robust 1.5% and nearing its own peak, and the Nasdaq Composite surging an impressive 1.9% in a display
In a stunning turn of events, short sellers have reaped massive profits as the once-booming artificial intelligence (AI) sector faces a sharp downturn, raising serious questions about the sustainability of the tech industry's latest darling. Over just two trading sessions, these investors, who bet
In a remarkable turn of events, Hong Kong Exchanges and Clearing Ltd. (HKEX) has emerged as a powerhouse in the global financial landscape, posting an unprecedented profit of HK$4.44 billion, equivalent to roughly $570 million, during the second quarter. This staggering 41% increase from the
In a climate of economic ambiguity, the U.S. stock market is experiencing noticeable turbulence, with the Dow Jones Industrial Average (DJIA) and the S&P 500 registering slight declines that have left investors on edge. On a recent trading day, both indices barely moved, with the Dow slipping by
