US stocks recovered on Friday after a volatile week, with major indices rising on renewed expectations of a December interest-rate cut amid sharp swings in artificial intelligence-linked and cryptocurrency assets.The S&P 500 climbed 1.2% in early trade, while the Dow Jones Industrial Average gained 709 points, or 1.6%. The Nasdaq composite rose 1% after fluctuating…
Coinbase’s (COIN) weak first-quarter earnings report sparked another divide on Wall Street over whether the crypto platform is building a more durable business or remains tied to crypto’s boom-and-bust cycles. Several analysts lowered forecasts after the company missed expectations on revenue and adjusted EBITDA as trading activity slowed across the crypto market. Still, a number…
The Nifty IT index plunged 19.5% in February, marking its steepest monthly decline in 17 years, as mounting fears of artificial intelligence-led disruption triggered heavy selling across technology services stocks.The fall is the sharpest since September 2008, when the index had dropped nearly 21% during the global financial crisis. The index declined in 12 of…
India and Europe have made a “clear choice” to build a strategic partnership by leveraging their complementary strengths to show a new way of engagement to a “fractured world”, European Commission President Ursula von der Leyen said on Sunday ahead of summit talks with Prime Minister Narendra Modi. European Council President Antonio Costa and von…
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Karti Chidambaram (File photo) NEW DELHI: Congress MP Karti Chidambaram dismissed social media claims linking him and his father, former Union minister P Chidambaram, to a scene in the recently released film Dhurandhar, calling the allegations a blend of “fact, fiction and WhatsApp forwards”.In an interview to ANI, the Sivaganga MP talked about his “cameo”…
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US stock markets opened on a mixed note on Tuesday as strong earnings from major companies lifted technology shares. However, a sharp sell-off in health insurance stocks pulled the Dow Jones Industrial Average lower amid concerns over future Medicare payments.At 9:30 am ET, the Dow Jones Industrial Average fell 305.69 points or 0.62 per cent,…
