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BANGKOK (AP) — Asian shares were mostly lower on Thursday despite a rebound on Wall Street fueled by an encouraging update on U.S. consumer prices. U.S. futures fell and oil prices were little changed. Chinese markets slipped as investors watched for the next steps in President Donald Trump’s trade war. Hong Kong’s Hang Seng index
US President Donald Trump‘s tariff plans and refusal to rule out an economic downturn prolonged the ongoing volatility in US stock markets. ‘Look, we’re going to have disruption, but we’re OK with that,’ he said earlier this week on the Fox News show’ Sunday Morning Futures.’ These developments took a toll on investor confidence, reflected
What’s the driving force behind Detroit Pistons incredible turnaround? Bryce Simon and Omari Sankofa II on “The Pistons Pulse” podcast analyze the Pistons’ sustained success. Full podcast out wherever you listen. The team of Detroit investors aiming to bring the WNBA back to Detroit has reportedly added rapper Eminem. The bid would revive the legacy
Software stocks could be a bright spot in tech amid growing recession fears, Bank of America said. Infrastructure and back office vendors are recommended if growth weakens, the bank said. Historically, it takes two to three quarters for a recession to impact software revenue. While the market’s latest roller coaster ride has sent many top
Tesla (TSLA) investors are worried. A Morgan Stanley (MS) survey found that 85% of respondents believe Elon Musk’s political involvement is hurting the company. CNBC reports that 45% called the effect “negative,” while another 40% said it was “extremely negative.” The timing couldn’t be worse. Tesla shares have already plunged nearly 40% this year. Light Up your
Trading in U.S. stocks mostly rebounded Wednesday after government report showed that U.S. inflation slowed more than expected in February. The S&P 500 rose 39 points, or 0.7%, to 5,611 in early trading, a day after it briefly fell more than 10% below its all-time high set last month. The Dow Jones Industrial Average was
The EV battery maker Northvolt filed for bankruptcy on Wednesday. The Swedish company, founded by two ex-Tesla executives, struggled amid stuttering demand for EVs. It was widely seen as Europe’s hope for an EV battery manufacturer to rival Asian automakers. Northvolt, the electric vehicle battery maker founded by two former Tesla executives, has reached the
Stocks rose on Wednesday after a tumultuous few days of trading following President Trump’s decision to impose tariffs on some of the United States’ biggest trading partners and retaliatory measures by the European Union, China and Canada. Futures on the S&P 500, which allow investors to trade ahead of exchanges opening, were slightly higher. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in Zara owner Inditex fell 7 per cent on Wednesday after the world’s biggest fashion retailer said sales growth had started to slow. Inditex alarmed investors after results showed sales rose 4 per cent