MacKenzie Scott, ex-wife of Jeff Bezos, cuts her Amazon stake by £9.6B and donates billions to various causes. Find out where she donated.
Tags: Stock market
S&P 500 Climbs Above 6,600 as Iran De-Escalation Hopes Spark Relief Rally in Volatile 2026 Market
NEW YORK — The S&P 500 pushed above the 6,600 level in early trading Monday as investors welcomed tentative signs of potential de-escalation in the U.S.-Iran conflict, easing pressure from elevated oil prices that have weighed on the benchmark throughout a challenging start to 2026.
$1 Trillion Has Been Wiped Out From Stock Market as Middle East Tensions Ignite Investor Panic
A single session sees $1 trillion wiped from the stock market as Middle East tensions escalate, impacting global energy routes and investor confidence.
Stock Market Wobbles As Tech Sells Off Ahead Of Key Data, Nvidia Earnings
The S&P 500 fell roughly 0.8%, marking its fourth consecutive day of losses. The Dow Jones Industrial Average dropped nearly 500 points, or more than 1%, while the Nasdaq Composite slid 1.2%, extending a multi-day pullback in the market's most heavily weighted technology names.
SoftBank Offloads Nvidia Stake for $5.8B, Trims T-Mobile Holdings to Fund $22.5B OpenAI Investment
SoftBank is divesting assets, including Nvidia and T-Mobile shares, to fund its $22.5 billion investment in OpenAI, highlighting its shift towards AI focus.
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Investors are cautious as soaring AI and cloud infrastructure spending by tech giants sparks fears of a bubble similar to the dotcom crash of 2000.
Tech giants in the US lost approximately $1 trillion in market value this week due to recession fears and disappointing economic data, with sharp declines in Nvidia, Apple, and Amazon.
Shares of the big tech company Meta jumped by about 7% in extended trading on July 31 after exceeding Wall Street expectations on revenue and profit for the second quarter of 2024.
Microsoft said that it would increase its spending on developing its artificial intelligence infrastructure despite a slowed growth in its cloud business.
The Australian Stock Exchange (ASX) began its trading week strong after stocks based in the United States finished last week on the red, with investors continuing to bet that the Reserve Bank of Australia (RBA) would start cutting interest rates by September.
Billionaire investor Bill Ackman’s firm Pershing Square announced that it was postponing its initial public offering, saying that there was an ‘enormous sensitivity’ to the size of the transaction.
French private equity firm L Catterton reportedly approached toymaker Mattel with an offer to acquire it, according to several sources quoted by Reuters.
GoBankingRates provided several immediate impacts that would affect Wall Street and other financial institutions following US President Joe Biden’s decision to stand down from the race to the White House.
Share markets across Asia are expected to stay in the red after last week’s tech bloodbath, as well as the shock announcement of US President Joe Biden bowing out of the presidential race in November.
