stock market

S&P 500 Hits All-Time High as AI Stocks Rally and Oil Prices Drop

The S&P 500 reached an all-time high Tuesday as investors returned to major technology stocks, new AI spending plans lifted market sentiment, and an early drop in oil prices eased concerns about inflation. The benchmark index rose 0.58% to...

Elon Musk Becomes World’s First Trillionaire After SpaceX IPO

Elon Musk became the world's first trillionaire on Friday after SpaceX closed the biggest stock market debut in history. Bloomberg put his net worth at $1.11 trillion at the end of trading. SpaceX began trading on the Nasdaq at $150...

Rich and Ultra-Rich People Reach Historic High, Study Finds

The number of rich people worldwide has reached a historic high, with their wealth soaring to unprecedented levels, driven by surging stock market values and the buzz surrounding artificial intelligence, as revealed in a recent study conducted by Capgemini,...

Nvidia Earnings, the Most Important Stock Market Event of the Year

Nvidia's second-quarter earnings are due to be reported next week, and everyone on the stock market seems to be paying attention to the chipmaker's report—so much so that analysts have labeled the report as "the most important stock market...

Dow Jones Drops 800+ Points After Lack of Job Growth in July

Stocks in the Dow Jones Industrial Average dropped on Friday, August 2nd following a weak job growth report for July. The report has sparked worries that the United States economy might be going into a recession. The Dow Jones Industrial...

Gold and Bitcoin Peaks: Are We Heading to Another Dot-Com Bubble?

The stock markets have been on the rise recently, with major indexes like the S&P 500 and Nasdaq hitting record highs. At the same time, speculative assets like bitcoin and gold have also surged to new peaks. While many investors...

Google Parent Company, Alphabet, Loses $90B Amid AI Controversy

Alphabet, Google's parent company, lost around ninety billion dollars in market value this week as the controversy surrounding the Silicon Valley company's generative artificial intelligence (AI) product reached Wall Street. Shares of Alphabet fell 4.5 percent to 138.75 dollars yesterday...

The Economist Ranks Greece’s Economic Performance in Top Spot for 2023

Greece's economic performance for 2023 has been ranked in the top spot in the list of 35 countries around the globe by the Economist magazine. According to the Economist’s analysis based on five economic and financial indicators (inflation, “inflation breadth”,...

Stock Markets in Turmoil as Banking Fears Spread

Stock markets are in turmoil with banking shares falling sharply on Wednesday as investors remain nervous following the collapse of Silicon Valley Bank (SVB) in the US last week. The failure of SVB has raised fears that other banks could...

The World’s Best Stock Performer for 2022 With a 1.600% Gain

In a year of global uncertainty and strife, one unlikely stock has flourished amidst it all. A mining company in Indonesia soared to heights unseen anywhere else on the planet, edging up an incredible 1,595 percent and proving there...