US stocks fell sharply on Thursday, with technology and semiconductor shares leading the losses. The Nasdaq was on track to enter correction territory as investors sold shares of chipmakers and companies linked to artificial intelligence (AI) data centres. US stocks fall as Nasdaq, Dow and S&P 500 decline amid losses in chip and AI data … Read more
Average gasoline prices across the United States have dropped by 17.1 cents per gallon over the past week, marking their biggest weekly decline in several months. The national average now stands at $4.12 per gallon, according to data compiled by fuel-price tracking platform GasBuddy. US gasoline prices fall to a national average of $4.12 per … Read more
Oracle plans to raise $20 billion from investors through a combination of bond and share sales, according to regulatory filings released on Monday. The software company plans to use the money to support its expensive artificial intelligence (AI) and cloud infrastructure expansion. Oracle plans a $20 billion fundraising to support its AI and cloud infrastructure … Read more
Oil prices fell more than 4% on Monday, November 2, as hopes of a possible peace deal between the United States and Iran reduced fears of further disruptions to oil supplies from the Middle East. Investors reacted to reports of diplomatic talks between Iranian and Qatari officials aimed at ending the ongoing US-Israeli war on … Read more
Marvell Technology shares fell more than 3% on Monday after the chipmaker announced a $115 billion deal to acquire optical components maker Lumentum. Lumentum shares also fell after the announcement. Marvell Technology to acquire optical components maker Lumentum in a $115 billion AI connectivity deal. (REUTERS/Eduardo Munoz/File Photo) (REUTERS) The $115 billion deal could become … Read more
Applications to full-time MBA programs at US business schools fell 27% for the incoming class of 2028, with international student demand declining sharply amid uncertainty over the Donald Trump administration’s immigration and visa policies, according to a new survey by the Graduate Management Admission Council (GMAC). International MBA applications to US plunge 38% amid Trump-era … Read more
US mortgage rates fell for the second week in a row, but they remain above 7%. The average mortgage rate dropped to 7.24% this week through Wednesday, down from 7.32% a week earlier, according to Freddie Mac data. US mortgage rates fall for a second week, but the 30-year fixed rate remains above 7%. (Pexel/Representative … Read more
Oil prices fell on Thursday as hopes of renewed peace talks between the United States and Iran eased fears of possible disruptions to global oil supplies. However, tensions in the Middle East continue to create uncertainty over oil production and shipments. Oil prices fall as hopes of renewed US-Iran peace talks ease supply concerns. (Pexel/Representative … Read more
US Treasury yields fell on Thursday morning after the Federal Reserve kept interest rates unchanged at its October meeting on Wednesday. Investors are now watching the Fed’s comments on inflation and whether it will raise interest rates again in December. US Treasury yields fall as investors assess the Fed’s interest rate outlook and chances of … Read more
Sales of new single-family homes in the US fell 0.6% in September as higher mortgage rates linked to the Middle East conflict made it harder for buyers to afford homes. Sales fell to a seasonally adjusted annual rate of 676,000 units in September, the US Census Bureau said on Tuesday. This was lower than the … Read more