Stock markets plunged on Friday, with the S&P 500 falling 1.76% and the Dow Jones Industrial Average dropping 649.67 points, as President Trump confirmed that 25% tariffs on imports from Mexico and Canada will take effect on Tuesday, dashing hopes of a last-minute deal to avert the full tariffs.
The Fear & Greed Index, which measures investor sentiment based on factors like market momentum and volatility, currently stands at 61 out of 100, signaling that greed is fueling the US stock market's movements and potentially overvaluing stocks.
Nvidia's CEO Jensen Huang revealed that the company's revenue in China was slashed in half due to export controls, shedding light on the significant impact of trade restrictions on the tech giant's business operations in the Chinese market.
Markets were rattled as stocks and bitcoin plummeted due to fears surrounding President Trump's tariff plans, his aggressive cost-cutting mission, declining consumer confidence stemming from inflation worries, and the increasing alignment of cryptocurrency markets with traditional markets.
Amid escalating trade tensions and concerns about slowing growth, a rare inversion of the yield curve, with long-term rates dipping below short-term rates, has flashed a warning signal about a potential recession, though solid economic data suggests it may not be imminent.
In a stunning $93M hacking scheme, Russian tech exec Vladislav Klyushin was arrested, convicted, and later swapped in a prisoner exchange after hacking financial firms for insider trading.
Consumer confidence plummeted in February to its lowest level since mid-2024, with the Expectations Index signaling recession fears as Americans grew increasingly pessimistic about the economic outlook, citing concerns over slowing growth and surging inflation.
Perplexity AI, a pioneering AI venture firm, has unveiled an ambitious $50 million fund to catalyze the burgeoning AI startup ecosystem, poised to serve as an anchor investor for promising pre-seed and seed-stage AI companies across the United States, with seasoned investors Kelly Graziadei and Joanna Lee Shevelenko at the …
In a shocking blow to the crypto world, hackers pulled off the largest digital heist ever, siphoning a staggering $1.5 billion worth of cryptocurrencies from Bybit exchange's ultra-secure cold wallet, swiftly dispersing the stolen funds across numerous wallets and platforms.