The FTSE 100 (^FTSE) and European stocks finished higher for a second day on Tuesday, while Wall Street wavered as anxiety about inflated AI valuations overshadowed signals that the US government shutdown is set to end soon. SoftBank Group (SFTBY) said on Tuesday it had sold its entire stake in chipmaker Nvidia (NVDA) to fund…
Russian crude shipments fell by the widest margin seen since January 2024 over the past month, according to vessel-tracking data from Bloomberg, as US sanctions have begun to show their effect. Four-week average volumes of crude oil shipped from Russia’s ports tallied 3.58 million barrels per day for the period ended November 2, down by…
Tech led a sharp pullback in US stock futures on Tuesday as doubts about high-running valuations preyed on investors sifting through the latest flurry of quarterly earnings. S&P 500 futures (ES=F) sank 1.1%, while those on the tech-heavy Nasdaq 100 (NQ=F) tumbled 1.5%. Contracts on the Dow Jones Industrial Average (YM=F), which includes fewer tech…
Tech led a sharp pullback in US stock futures on Tuesday as doubts about the AI-fueled rally crept in and investors waited for the next rush of quarterly earnings. S&P 500 futures (ES=F) sank 1.3%, while those on the tech-heavy Nasdaq 100 (NQ=F) tumbled 1.6%. Contracts on the Dow Jones Industrial Average (YM=F), which includes…
Shares of tobacco company Altria (NYSE:MO) fell 7.3% in the morning session after the company reported third-quarter results where revenues missed expectations, overshadowing an in-line result for earnings per share. The company announced adjusted quarterly earnings of $1.45 per share, an increase from $1.40 per share reported in the same quarter the previous year. Despite…