In a turbulent stock market, Intel finds itself in the spotlight, albeit for the wrong reasons. The tech giant’s stock experienced a modest bounce of approximately 1.2% during midday trading. However, this slight upturn belies a much grimmer reality: Intel’s share price has plummeted over 60% throughout 2024, potentially marking its most disastrous year in
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As 2024 approaches its conclusion, Wall Street’s main indexes are displaying a promising start for the final trading session, hinting at the persistence of a bull market that has thrived over the past two years. The anticipated rise in stock indices reflects a blend of factors — notably the post-pandemic economic recovery, projections of reduced
On the last trading day of the year, U.S. stock indices displayed a promising start, underscoring the impressive trajectory of the financial markets throughout 2024. By 9:45 ET (14:45 GMT), the S&P 500 was up more than 1%, the Dow Jones Industrial Average experienced a modest increase of about 0.3%, and the NASDAQ Composite saw
Art Cashin, the longtime director of floor operations at the New York Stock Exchange (NYSE), was not just a figure in finance but a poet, historian, and a beloved father. With his recent passing, a symbolic tradition was broken, but his sons, Arthur and Peter, managed to channel their grief into a heartfelt tribute—both a
In a move indicative of the fierce competition permeating the artificial intelligence market, Chinese tech giant Alibaba announced unprecedented price reductions of up to 85% on its large language models (LLMs). This strategic decision, revealed through a WeChat post by Alibaba Cloud, is part of a broader effort to enhance its appeal in the burgeoning
In recent midday trading, Boeing has faced a notable decline, losing 2% in value. This drop can be attributed to heightened scrutiny following a tragic event involving a Jeju Air flight. The aircraft was a Boeing 737-800, and the accident resulted in the loss of nearly all passengers on board, making it the gravest aviation
On a seemingly typical Monday, European equity markets experienced a downturn, mirroring the trend set by Wall Street. Investors pulled back as government bond yields remained stubbornly high, shaking up their confidence in equities just before the year-end. The pan-European STOXX 600 index recorded a drop of 0.6%, primarily dragged down by losses in the
On a fateful day at Muan International Airport in South Korea, the aviation community was rocked by a catastrophic incident involving Jeju Air Flight 7C2216. This disaster not only marked a tragic loss of life, claiming 179 of the 181 passengers aboard, but it also unearthed deep-seated concerns about safety protocols and aircraft reliability in
The recent tragedy involving Jeju Air has sent shockwaves through South Korea’s aviation sector. The crash, which claimed the lives of 179 individuals, marks not only a catastrophic moment for the airline but also presents a critical juncture for budget carriers across the nation. Following this misfortune, Jeju Air’s shares plummeted to their lowest historical
In the often volatile premarket landscape, several companies have sparked significant attention due to their fluctuating stock prices and the broader implications of recent news events. From aviation safety issues to notable government contracts, these premarket activities can indicate trends that might influence market behavior throughout the trading day. The week began on a somber