by Jennifer George | August 29, 2024 | Industry, News, Stocks & Bonds, Technology
Nvidia’s three-month revenue record of $30 billion has not managed to quell the tech stock-selling spree on Wall Street. As of this morning, Nvidia fell over 8%, despite reporting stronger than expected earnings. BREAKING: Nvidia stock, $NVDA, falls over 8%...
by Jibran Munaf | August 28, 2024 | Currencies, Finance, Market Analysis & Commentary, Markets, Stocks & Bonds
Global stock markets hovered near record highs on Wednesday as investors awaited crucial earnings results from Nvidia, a key player in the semiconductor industry. Meanwhile, the British pound reached a 2.5-year high as traders speculated that the Bank of England would...
by Jennifer George | August 27, 2024 | Markets, News, Stocks & Bonds
Despite the record high Dow Jones Industrial Average close on Monday, tech stock led by semiconductor giant Nvidia fell by 2.3%. This dip comes days before Nvidia’s earnings report, which has Wall Street buzzing for another bull run in the market. Competing chip...
by Jibran Munaf | August 15, 2024 | Finance, Market Commentary, News, Stocks & Bonds
Initial public offerings (IPOs) in the UAE markets raised US$890 million in the second quarter (Q2) of this year, according to a recent economic report. The PwC Middle East’s latest IPO+ Watch said that notable IPOs in the second quarter included Alef Education...
by Jibran Munaf | August 14, 2024 | Breaking, Currency Markets Analysis, Economy, Finance, Market Analysis & Commentary, Markets, News, Stocks & Bonds
Stocks rallied across the board, with the Dow, S&P 500, and Nasdaq Composite all posting gains after weak Producer Price Index (PPI) inflation data. The technology sector led the charge as the first of two closely watched inflation reports came in weaker than...
by Jibran Munaf | August 13, 2024 | Currency Markets Analysis, Currency Trading Strategies, Economy, Industry, Market Analysis & Commentary, Markets, Stocks & Bonds
Japanese shares led Asia higher on Tuesday, with the yen on the back foot ahead of a slew of data this week, including U.S. inflation figures, which will help investors gauge the Federal Reserve’s policy outlook after last week’s volatile markets. Oil...
