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U.S. stocks fell Friday after weak job data raised concerns about economic slowdown
Stocks plunged on Friday as new job numbers overwhelmed and underwhelmed Wall Street at the same time. The labor report triggered a sharp reversal on Wall Street, with expectations now split between a...
US dollar just posted its fifth straight weekly loss, the longest since April 2023
The dollar just recorded its fifth straight week of losses, the worst losing streak since April 2023. This drop followed a weak U.S. labor market report that hit traders like a freight train. The Bloo...
India will keep buying Russian oil despite U.S. tariffs and pressure
For what feels like the billionth time in a month, India is once again saying it stands with Russia, and it doesn’t care how anyone feels about that. The Asian giant reiterated pointedly that it will ...
Chinese margin debt hits record $322B as regulators signal caution
Chinese investors borrowed about $322 billion to buy stocks this year, which pushed indexes up, but this week’s drop and tougher signals from regulators have shaken confidence. Outstanding margin fina...
Tech execs make billion-dollar AI commitments at Trump's White House dinner
Meta Platforms Inc.’s Mark Zuckerberg and Apple Inc.’s Tim Cook joined a select group of technology leaders at the White House on Thursday, at a dinner hosted by President Donald Trump to pledge large...
French police round up 7 suspect in latest crypto-linked kidnapping
French authorities have arrested seven suspects in connection with the kidnapping of a 20-year-old Swiss man. This is the latest case in France’s growing number of kidnappings linked to the crypto ind...
US unemployment surges to 4.3% as labor market remains in contraction
The labor market slipped deeper into trouble in August. Only 22,000 jobs were added last month, way below the 75,000 economists expected. And unemployment shot up to 4.3%, according to the Bureau of L...
Hon Hai maintains sales revenue on strong Nvidia AI server demand
Hon Hai’s August sales hit NT$606.5 billion, or around $19.8 billion, showing a 10.6% increase from last year. The company said its AI server business in the U.S. is still running strong. That’s what’...
Dogecoin may get its first ETF as soon as next week
Exchange Traded Funds provider Rex Shares, in conjunction with Individual Retirement account products issuer Osprey Funds submitted a Dogecoin (DOGE) ETF to US regulators on Wednesday. Bloomberg analy...
Sundar Pichai thanks Trump for helping Google in antitrust case
Sundar Pichai said it to Donald Trump’s face: the win in Google’s antitrust case had a lot to do with the president’s time in office. At a Thursday dinner hosted at the White House with other tech exe...
Oil drops on stockpile build while gold extends rally
Oil prices dropped again on Friday. That makes three days straight. And now, for the first time in three weeks, the market’s facing a clear weekly loss. Brent crude fell by $0.35 to $66.64 a barrel by...
Banks bet big on Oracle’s cloud future with $38B data center financing
JPMorgan Chase and Mitsubishi UFJ Financial Group are allegedly planning to finance Oracle-tied data centers with approximately $38 billion. The debt package will fund Oracle data centers in Wisconsin...