Author: Will Smith

On fears that aggressive U.S. interest rate hikes might force the world’s largest economy into recession, Asian stocks plummeted on Tuesday after Wall Street reached a certified bear market milestone and bond rates touched a two-decade high. The MSCI Asia-Pacific stock index outside of Japan was down 0.9 percent. In early trading, Australia’s S&P/ASX200 (.AXJO)…

Asian stocks opened flat on Monday as investors remained cautious ahead of a vital reading on US inflation, while the euro rose against the yen amid expectations that the ECB will take a significant step toward tightening policy this week. MSCI’s broadest Asia-Pacific share index (.MIAPJ0000PUS) was down 0.1 percent, whereas Japan’s Nikkei (.N225) was…

On forecasts of a likely pause in US monetary tightening and after an easing of COVID restrictions in China, world stock markets climbed on Monday and the dollar was held near five-week lows. The gains continued on last week’s rise, allowing the MSCI global market index (.MIWD00000PUS) to become positive for the month, as investors…

Nvidia’s Chief Financial officer Colette Kress stated after the company’s fiscal first-quarter numbers were released on Wednesday that the business will slow its hiring and spend more carefully as it deals with a challenging macroeconomic environment. The giant firm’s revenue and earnings surpassed analyst estimates, but the stock plunged more than 10% in extended trade when…

Elon Musk wants to boost Twitter (TWTR.N) annual revenue to $26.4 billion by 2028, up from $5 billion last year, citing a presentation deck handed to investors by the world’s richest man. According to the research, advertising will account for 45 percent of overall income under Musk, down from approximately 90 percent in 2020, creating…