Key Points The Nasdaq fell 2.0% while the Dow lost just 0.4%, thanks to differences in how the indexes are weighted. AI stocks are under pressure as investors question the return on investment from massive AI spending. Stubborn inflation data is hurting financial stocks as investors expect the Fed to keep interest rates elevated. 10…
US bank stocks are on track for their worst sell-off since Donald Trump’s tariffs shook markets in April as concerns intensify around lenders’ exposure to a downturn in private credit sparked by AI disruption fears. The KBW bank index, which includes the largest US banks such as JPMorgan, Citi and Bank of America, fell 5.8…
By Steve Holland and Andrea Shalal WASHINGTON, Feb 27 (Reuters) – U.S. President Donald Trump said on Friday he was not happy with Iran and wants to make a deal with Tehran but warned that “sometimes you have to” use military force. Trump, talking to reporters as he left the White House on a trip…
Another UEFA Champions League knockout round draw came and went by, and once more, Real Madrid were paired up against Manchester City. The two teams have met each other quite frequently in Europe in recent seasons and will square off again in the Round of 16 next month. Advertisement Pep Guardiola reacts Speaking to the…
MWC (Mobile World Congress) 2026 officially runs from March 2 to March 5, but announcements from this major mobile trade show will start even earlier than that. You can expect to see numerous new phones in attendance, including handsets from Xiaomi, Honor, and more. But phones aren’t all we’ll see, as MWC is usually home…
Iran’s Foreign Minister Abbas Araghchi says Iran is ready to facilitate dialogue between Afghanistan and Pakistan as conflict escalates. File | Photo Credit: Reuters Iran, Russia and China have expressed concerns about the escalation of conflict between Pakistan and Afghanistan on Friday (February 27, 2026). Islamabad’s Defence Minister declared the neighbours at “open war”, with…
BEIJING — China removed nine military lawmakers from national parliament ahead of its biggest annual political meeting next week in a sign that President Xi Jinping’s purge of key defense personnel continues to widen. The National People’s Congress, the country’s top legislative body, revoked the membership of five generals along with four other officials, state-run…
Feb. 27, 2026, 1:02 p.m. ET Olympian and soccer legend Megan Rapinoe addressed President Donald Trump’s viral call with the U.S. men’s hockey team on her podcast this week. “The United States men’s hockey team, in their utter moment of glory … ruined it for themselves because they allowed themselves to be totally co-opted by a clown,”…
New York — As steam rises from the stove, Ma Ruilin hand-pulls fresh noodles for the lunch service at the Chinese restaurant he runs in New York. Most of his former cadres inside China’s ruling Communist Party wouldn’t understand why he left his comfortable life as a government official to work in a kitchen on…
Listen to this article Estimated 2 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. China said on Friday it would suspend some tariffs on Canadian agricultural products imposed during a trade spat between Beijing and Ottawa,…