ISLAMABAD — Leaders and top officials from an international group founded to counter Western alliances met in Pakistan’s capital Wednesday, with Moscow and Beijing announcing they will boost cooperation. The 23rd meeting of the China-and Russia-founded Shanghai Cooperation Organization was held amid tight security in Islamabad, virtually on lockdown, and attended by leaders including Chinese…
A Dutch chipmaking giant sparked chaos after it accidentally published a disappointing financial outlook a day earlier than scheduled – slashing billions in market value across the semiconductor sector. Shares of ASML — which manufactures equipment used to make chips, including the processors used to power artificial intelligence — sank nearly 6% Wednesday. The stock…
Walgreens to close 1,200 stores nationwiode Top headlines, weather, and breaking news from across the Bay Area. SAN JOSE, Calif. – Walgreens announced on Tuesday it will be closing more than a thousand locations nationwide. While Walgreens did not release a list of specific store closures, some Bay Area customers are becoming increasingly concerned about…
In This Story The Dow and other major indexes experienced losses Tuesday afternoon as chipmakers struggled amid news of potential export caps. AI investing will take trillions from other funds, CEO says In the afternoon, the Dow Jones Industrial Average dropped 118 points, or 0.28%, to 42,939. The tech-heavy Nasdaq and S&P 500 shed 0.8%…
Chief Executive John Lee Ka-chiu’s third policy address will see the “Policy Measures” document published within the last two years replaced with a new “Attachment” document, as revealed by the Hong Kong leader on Tuesday ahead of tomorrow’s delivery in the Legislative Council. Speaking to reporters before his weekly executive council meeting this morning, Lee…
Wall Street was flat in premarket trading and oil prices slid again Tuesday on signs of economic weakness in China, where a lack of specifics on a stimulus package continued to drag down markets there. Futures for the S&P 500 and the Dow Jones Industrial Average were unchanged before the opening bell as corporate earnings…
Check out the companies making headlines before the bell. Bank of America — Shares moved 1% higher after third-quarter earnings and revenue topped Wall Street analysts’ estimates. Earnings came in at 81 cents, beating the 77 cents expected from analysts polled by LSEG. Revenue was $25.5 billion, versus the $25.3 billion consensus estimate. Johnson &…
CNBC’s Jim Cramer on Monday opined on the continuous success of Big Tech stocks in the market, explaining why the Magnificent Seven, as well as Netflix, continue to rally as the bull market persists. “Even if you’ve missed these rebounds in the Magnificent Seven plus Netflix, don’t, don’t sweat the program,” he said. “We know…
Good morning. The S&P 500 rose to new heights just as corporate earnings season kicks into high gear. Tesla’s Optimus robots were actually operated by humans. And a pair of pandas are heading to Washington from China. Listen to the day’s top stories. Stocks jumped to a fresh peak, with the S&P 500 notching its…
PARIS — PARIS (AP) — Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show, targeting everyone from luxury clients to students yet to receive their driving licenses. The biennial show has long been a major industry showcase, tracing its history to 1898. Chinese…