Financial
Global Markets Tumble as Tech Sell-off Meets Geopolitical Fears and Earnings Misses
NEW YORK — Major U.S. stock indices suffered sharp declines on Thursday, driven by a confluence of semiconductor sector weakness, escalating tensions in the Middle East, and disappointing forward guid...
Iranian Rial Hits Historic Low Against Dollar Amid Economic Strain
TEHRAN — The Iranian rial plummeted to an all-time low on Thursday, trading at 1.93 million units against one U.S. dollar in the open market, marking a stark milestone for the nation's struggling econ...
Asian Markets Tumble as AI Sector Selloff Drags Tokyo Nikkei Down Nearly 5%
TOKYO — Asian stock markets plunged on Thursday, with Japan's benchmark Nikkei 225 falling nearly 5% in a broad-based rout driven by heavy selling of artificial intelligence stocks. The sharp decline ...
Asian Markets Poised for Mixed Open After US Inflation Data Sparks Rally
TOKYO — Asian stock markets are set to open mixed on Thursday as investors digest a sharp rally in U.S. equities driven by softer-than-anticipated inflation data from the United States. The trading s...
S&P 500 Valuations Reach Historic Highs as Bull Run Faces Potential End
NEW YORK — The S&P 500 index is trading at price-to-earnings ratios that have not been seen in decades, raising alarms among market strategists who warn the prolonged bull run may be nearing its concl...
IBM Shares Plunge as Clients Shift Spending to AI and Cybersecurity
NEW YORK — International Business Machines Corp. shares tumbled on Tuesday after the technology giant warned of a projected profit shortfall, citing a significant shift in client spending away from tr...
IBM Shares Plunge in Premarket Trading After Missed Earnings Expectations
NEW YORK — IBM shares tumbled approximately 20 percent in premarket trading on Monday following the technology giant's announcement of second-quarter sales figures that fell significantly short of Wal...
Longleaf Partners Highlights MGM Resorts Amid People Inc. Takeover Bid in Q2 Letter
CHARLOTTE, N.C. (July 13, 2026) — Longleaf Partners disclosed on Monday that MGM Resorts International remains a cornerstone holding within its 'Partners Fund' as the Las Vegas-based casino operator f...
Micron Shares Drop as Chip Sector Cools Amid Valuation Concerns and Geopolitical Tensions
SAN FRANCISCO (July 13, 2026) — Micron Technology Inc. shares fell 4.6% on Monday afternoon as investors moved to lock in gains following a prolonged rally across the semiconductor sector, while broad...
Major US Banks Set to Release Second Quarter Earnings Amid Market Volatility
NEW YORK — The nation's largest financial institutions, including JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo and Citigroup, are scheduled to release their second-quarter earnings repo...
U.S. Stock Valuations Hit Record Highs as Investors Eye Dot-Com Parallels
NEW YORK — U.S. stock market valuations reached an unprecedented level on Friday, with the Shiller Cyclically Adjusted Price-to-Earnings (CAPE) ratio climbing to nearly 41.4, sparking renewed warnings...
SK Hynix Shares Plunge Over 10% in Seoul After Nasdaq Debut Profit-Taking
SEOUL — SK Hynix Inc. shares tumbled more than 10 percent on the Korean exchange Sunday, erasing gains from a strong debut of its American Depositary Receipts (ADRs) on the U.S. National Association o...
Asian Markets Plunge as US-Iran Tensions Spark Oil Price Surge
SEOUL — Asian stock markets tumbled on Sunday following a sharp spike in global oil prices triggered by escalating geopolitical tensions between the United States and Iran. South Korea's benchmark ind...
Berkshire Hathaway Cash Pile Hits Record $397 Billion as Buffett Adopts Cautious Stance
OMAHA, Neb. — Berkshire Hathaway Inc. has expanded its cash reserves to a record approximately $397 billion, signaling that the conglomerate's leadership sees limited attractive investment opportuniti...
PageGroup Posts Profit Rise as Global Growth Offsets Regional Weakness
LONDON (AP) — PageGroup PLC reported improved profits on Monday, maintaining its full-year guidance after strong performance in the Americas and Asia Pacific compensated for continued economic headwin...