Finance
Sometimes, taking a step back is a good thing. That’s JPMorgan’s view of the stock market right now. “A correction would be healthy as it would remove some of the froth in the market, setting the stage for the next phase of the rally,” strategist Dubravko Lakos-Bujas wrote. “If a correction materializes, we would expect…
An hours-long crash of Amazon Web Services sparked a wave of tongue-in-cheek, apocalyptic memes Monday as social media users coped with the disruption of major sites and apps around the world. Posts on X, Reddit and more mocked the meltdown with viral images including Homer Simpson warning “The end is near,” the popular cartoon-dog meme…
lyash01/iStock via Getty Images Cleveland-Cliffs (NYSE:CLF) +9.1% pre-market Monday after the steelmaker said it is seeking to expand its presence in the production of rare earth metals, and that it is examining existing mining sites in Michigan and Minnesota that show key Source link
My top 10 things to watch Monday, Oct. 20 1. Wall Street was poised to add to Friday’s rally on a continued easing of credit concerns and China trade tensions. In fact, the S & P 500 rose 1.7% last week. Earnings season ramps up this week, with five Club names reporting quarterly results, including…
New York — Amazon Web Services (AWS), the cloud computing platform that powers much of the internet, went down for several hours Monday, making several major websites and apps inoperable. From banking services to social networks to airline booking sites to online shopping, thousands of services were disrupted as millions of people worldwide – many…
US stocks stepped higher on Monday as Wall Street kicked off a packed week full of high-profile earnings and a delayed release of key inflation data. The Dow Jones Industrial Average (^DJI) nudged up roughly 0.4%, while the S&P 500 (^GSPC) rose 0.5%. The tech-heavy Nasdaq Composite (^IXIC) also gained around 0.5%, with stocks coming…
Investment banker Mark Mahaney predicts continued growth for Amazon, Expedia, and Netflix as consumer demand stays strong and rivals struggle to keep pace. Amazon’s cloud services unit, Amazon Web Services (AWS), is recovering early Monday morning following an outage that caused connectivity issues for companies and disrupted services for popular websites and apps. Among those…
What’s going on here? Asia-Pacific economies managed steady, if uneven, growth through September and early October, with China’s GDP climbing 4.8% and most regional inflation rates staying in check, according to newly released data from top financial institutions. What does this mean? Despite wider economic challenges, Asia-Pacific markets are holding their ground, though the details…
China Shipping containers are seen at the port of Oakland as trade tensions continue over U.S. tariffs with China, in Oakland, California, on May 12, 2025. Carlos Barria | Reuters BEIJING — China’s economy grew 4.8% in the third quarter from a year earlier, the slowest pace in a year but in line with analyst…
Osmond ChiaBusiness reporter Getty Images The 4.8% growth in the third quarter marked a slowdown from 5.2% in the three months to July China’s economic growth slowed in the three months to the end of September as problems in the property market persisted and trade tensions with the US flared up. The world’s second-largest economy…