European markets set to slump at the open as AI worries return
European bourses are expected to open lower on Tuesday as global markets pull back on renewed concerns over AI-linked stocks. Source link
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Saudi crown prince to visit US for first time since Khashoggi death
U.S. President Donald Trump shakes hands with Saudi Crown Prince Mohammed Bin Salman during a welcoming ceremony in Riyadh, Saudi Arabia, May 13, 2025. Bandar Algaloud/courtesy Of Saud | Via Reuters U.S. President Donald Trump is set to meet with Saudi Arabia’s Crown Prince Mohammed bin Salman on Tuesday, with the leaders expected to discuss…
Dell, HPE shares sink after Morgan Stanley downgrades
Igor Golovnov | Lightrocket | Getty Images Data center stocks took a major hit on Monday after Morgan Stanley downgraded seven hardware companies, including Dell and Hewlett Packard Enterprise. The bank double-downgraded Dell from overweight to underweight and downgraded HPE from overweight to equal weight. Dell and HPE closed down 8% and 7%, respectively. HP…
Sinclair acquires Scripps stake in a push to merge
Signage is displayed outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S. Andrew Harrer | Bloomberg | Getty Images Sinclair disclosed a stake in fellow broadcast station owner E.W. Scripps on Monday, in a move to push toward a merger of the companies. Sinclair, which acquired a roughly 8% position in Scripps per…
Nikkei 225, Nifty 50, Kospi
Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images Asia-Pacific markets fell Tuesday, following a tech-led slide on Wall Street. Japan’s benchmark Nikkei 225 slid 0.92%, while the Topix declined 0.6%. South Korea’s Kospi was 0.64% lower while the small-cap Kosdaq slid 0.58%. Hong…
India’s goods trade deficit hits record high in October as gold imports rise 200%
A broadcast screen at the Bombay Stock Exchange (BSE) in Mumbai, India, on April 3, 2025, displays news of U.S. President Donald Trump announcing sweeping new trade tariffs. Nurphoto | Nurphoto | Getty Images India’s goods trade deficit hit an all-time high of $41.7 billion in October as gold imports surged on festive season demand,…
Larry Summers steps back from public commitments
Larry Summers Cameron Costa | CNBC Former Treasury Secretary Larry Summers said Monday that he was stepping back from all public commitments amid fallout from the release of emails between him and sex offender Jeffrey Epstein. “I am deeply ashamed of my actions and recognize the pain they have caused. I take full responsibility for…
Replace ACA tax credits with HSAs: Sen. Bill Cassidy
Sen. Bill Cassidy on Monday proposed replacing enhanced Affordable Care Act premium tax credits with pre-paid health savings accounts. The Louisiana Republican’s proposal comes as lawmakers scramble to find a remedy for skyrocketing costs of Obamacare health insurance premiums. The boosted ACA tax credits, which this year have lowered the cost of Obamacare plans for…
Fed Governor Waller backs December rate cut as support for weakening labor market
Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York, US, on Thursday, Oct. 16, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller on Monday voiced support for another interest rate cut at…
Arm custom chips get a boost with Nvidia partnership
Jensen Huang, CEO of Nvidia, reacts during the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 31, 2025. Kim Soo-hyeon | Reuters Arm on Monday said that central processing units based on its technology will be able to integrate with AI chips using Nvidia’s NVLink Fusion technology. The move will make…