Wall Street Tuesday
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Global Markets Tumble As Trump Intensifies Clash With Federal Reserve
Shares sank Tuesday in Europe and Asia after President Donald Trump announced he was firing Federal Reserve Governor Lisa Cook.
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US Stocks Fall From Records As Tesla Sinks On Musk-Trump Row
Wall Street stocks retreated from records early Tuesday while Tesla sank as President Donald Trump's sweeping tax cut bill faced hurdles in Congress and renewed criticism from Elon Musk.
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Trump Privately Approved Iran Attack Plans, Withheld Final Order: Report
US.President Donald Trump told senior aides late Tuesday that he approved attack plans for Iran but has withheld a final order to see if Tehran would abandon its nuclear program, the Wall Street Journal reported on Wednesday.
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US Plans To Use Tariff Negotiations To Isolate China: Report
U.S. President Donald Trump administration plans to use ongoing tariff negotiations to pressure U.S. trading partners to limit their dealings with China, The Wall Street Journal reported on Tuesday citing people with knowledge of the conversations.
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Global Markets Wait In Fear For Trump's 'Liberation Day' Tariffs
Markets worldwide fluctuated on Tuesday as investors braced for US President Donald Trump's sweeping "Liberation Day" tariff announcements, hoping they would free businesses from the trade-policy uncertainty that has weighed on markets for weeks.
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Elon Musk's xAI Aims For $40 Billion Valuation As Grok Challenges ChatGPT
Elon Musk's AI startup xAI is in talks with investors for a funding round that would value the company at around $40 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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Abercrombie Ex CEO Michael Jeffries Arrested In Sex Trafficking Probe: Report
Michael Jeffries, former CEO of Abercrombie & Fitch, was arrested by federal agents investigating allegations that he ran a sex-trafficking operation, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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Moscow Court Upholds Detention Of US Journalist Till March 30
A Moscow court on Tuesday said jailed US journalist Evan Gershkovich would remain in pre-trial detention until at least March 30, rejecting the latest appeal brought by his legal team.
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Nvidia Market Cap Threatens Google Parent Alphabet After Overtaking Amazon
Nvidia came close to overtaking Google parent Alphabet on Tuesday as Wall Street's third most valuable company. The chipmaker overtook Amazon for the first time in two decades, with a higher market capitalisation than the US e-commerce giant. Nvidia has benefitted the most amid an ongoing race among technology companies to build AI into their produ...
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Israel Begins Pumping Seawater Into Hamas' Tunnels In Gaza: Report
The Israeli military has begun pumping seawater into Hamas' tunnel complex in Gaza, the Wall Street Journal reported on Tuesday citing unnamed U.S. officials, adding that the process would likely take weeks.
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Netflix To Raise Prices After Hollywood Actors' Strike Ends: Report
Netflix is planning to raise the price of its ad-free service after the ongoing Hollywood actors' strike ends, the Wall Street Journal reported on Tuesday, sending the streaming company's shares up more than 3%.
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Grand Theft Auto, NBA 2K Lift Take-Two Q1 Earnings to $1.2 Billion, FY 2025 Forecast Hints at GTA 6 Again
Take-Two Interactive Software forecast second-quarter net bookings below Wall Street targets on Tuesday, in a sign that spending on games remained under pressure amid inflationary pressures.
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Snapchat's Daily Active Users Rise 14 Percent YoY to 397 Million in Q2 2023, Snap Gives Weak Outlook for Q3
Photo messaging app owner Snap on Tuesday gave weaker third-quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, sending its shares down 18 percent. The company's Snapchat app has attracted hundreds of millions of users thanks to its light-hearted photo filters and new AI-powered chatbot that ...
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Alphabet Rides Cloud Demand, Ad Sales to Record $74.6 Billion Quarterly Revenue, CFO to Take New Role
Alphabet's second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief.
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Microsoft Ramps Up Spending to Meet AI Demand as Quarterly Revenue Rises to $56.2 Billion
Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit. Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts ...
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Global Markets Tumble As Trump Intensifies Clash With Federal Reserve
Shares sank Tuesday in Europe and Asia after President Donald Trump announced he was firing Federal Reserve Governor Lisa Cook.
-
US Stocks Fall From Records As Tesla Sinks On Musk-Trump Row
Wall Street stocks retreated from records early Tuesday while Tesla sank as President Donald Trump's sweeping tax cut bill faced hurdles in Congress and renewed criticism from Elon Musk.
-
Trump Privately Approved Iran Attack Plans, Withheld Final Order: Report
US.President Donald Trump told senior aides late Tuesday that he approved attack plans for Iran but has withheld a final order to see if Tehran would abandon its nuclear program, the Wall Street Journal reported on Wednesday.
-
US Plans To Use Tariff Negotiations To Isolate China: Report
U.S. President Donald Trump administration plans to use ongoing tariff negotiations to pressure U.S. trading partners to limit their dealings with China, The Wall Street Journal reported on Tuesday citing people with knowledge of the conversations.
-
Global Markets Wait In Fear For Trump's 'Liberation Day' Tariffs
Markets worldwide fluctuated on Tuesday as investors braced for US President Donald Trump's sweeping "Liberation Day" tariff announcements, hoping they would free businesses from the trade-policy uncertainty that has weighed on markets for weeks.
-
Elon Musk's xAI Aims For $40 Billion Valuation As Grok Challenges ChatGPT
Elon Musk's AI startup xAI is in talks with investors for a funding round that would value the company at around $40 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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Abercrombie Ex CEO Michael Jeffries Arrested In Sex Trafficking Probe: Report
Michael Jeffries, former CEO of Abercrombie & Fitch, was arrested by federal agents investigating allegations that he ran a sex-trafficking operation, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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Moscow Court Upholds Detention Of US Journalist Till March 30
A Moscow court on Tuesday said jailed US journalist Evan Gershkovich would remain in pre-trial detention until at least March 30, rejecting the latest appeal brought by his legal team.
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Nvidia Market Cap Threatens Google Parent Alphabet After Overtaking Amazon
Nvidia came close to overtaking Google parent Alphabet on Tuesday as Wall Street's third most valuable company. The chipmaker overtook Amazon for the first time in two decades, with a higher market capitalisation than the US e-commerce giant. Nvidia has benefitted the most amid an ongoing race among technology companies to build AI into their produ...
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Israel Begins Pumping Seawater Into Hamas' Tunnels In Gaza: Report
The Israeli military has begun pumping seawater into Hamas' tunnel complex in Gaza, the Wall Street Journal reported on Tuesday citing unnamed U.S. officials, adding that the process would likely take weeks.
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Netflix To Raise Prices After Hollywood Actors' Strike Ends: Report
Netflix is planning to raise the price of its ad-free service after the ongoing Hollywood actors' strike ends, the Wall Street Journal reported on Tuesday, sending the streaming company's shares up more than 3%.
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Grand Theft Auto, NBA 2K Lift Take-Two Q1 Earnings to $1.2 Billion, FY 2025 Forecast Hints at GTA 6 Again
Take-Two Interactive Software forecast second-quarter net bookings below Wall Street targets on Tuesday, in a sign that spending on games remained under pressure amid inflationary pressures.
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Snapchat's Daily Active Users Rise 14 Percent YoY to 397 Million in Q2 2023, Snap Gives Weak Outlook for Q3
Photo messaging app owner Snap on Tuesday gave weaker third-quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, sending its shares down 18 percent. The company's Snapchat app has attracted hundreds of millions of users thanks to its light-hearted photo filters and new AI-powered chatbot that ...
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Alphabet Rides Cloud Demand, Ad Sales to Record $74.6 Billion Quarterly Revenue, CFO to Take New Role
Alphabet's second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief.
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Microsoft Ramps Up Spending to Meet AI Demand as Quarterly Revenue Rises to $56.2 Billion
Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit. Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts ...
