Stellantis (NYSE: STLA) suffered a historic collapse this morning, plunging more than 25% in a single session, which marks its worst day since the 2021 merger of Fiat Chrysler and PSA Group.The carnage started today after management announced an “alarming” €22.2 billion ($26.5 billion) impairment charge, admitting that it drastically…
Europe’s markets ended the week caught between resilience and reckoning.In London, the FTSE 100 eked out gains as banks rallied on fresh hints that rate cuts could be on the horizon, even as tech-linked names stayed under pressure.Across the continent, regulators sharpened their focus on Big Tech, with Brussels formally…
A volatile week for precious metals is ending on a slightly positive note, with gold and silver logging small gains.Simmering geopolitical tensions and increasing safe-haven demand boosted gold prices on Friday.Meanwhile, oil prices saw a modest increase on Friday, following reports from Iran’s foreign minister indicating that discussions between Iran…
The Japanese yen slipped as traders positioned for Sunday’s snap election, with markets expecting Prime Minister Sanae Takaichi to extend her hold on power and keep a reflationary policy mix in place.According to MUFG Bank analysts, Japan’s political backdrop is adding “downward pressure on the yen,” while Polymarket pricing cited…
Elon Musk’s decision to have SpaceX acquire artificial intelligence startup xAI has sent ripples across global financial markets, reviving long-standing speculation about whether his sprawling corporate empire could eventually be consolidated into a single technology conglomerate.The acquisition, announced earlier this week, already comes amid reports that SpaceX is pursuing an…
The software sector is currently weathering a violent storm, characterized by a rapid sell-off that some are calling a “SaaSapocalypse.”The panic intensified this week as AI startup “Anthropic” introduced advanced capabilities to its Claude Cowork agent, fueling fears that traditional software-as-a-service models are on the brink of obsolescence.However, Wedbush’s senior…
Europe’s markets ended the week caught between resilience and reckoning.In London, the FTSE 100 eked out gains as banks rallied on fresh hints that rate cuts could be on the horizon, even as tech-linked names stayed under pressure.Across the continent, regulators sharpened their focus on Big Tech, with Brussels formally…
A volatile week for precious metals is ending on a slightly positive note, with gold and silver logging small gains.Simmering geopolitical tensions and increasing safe-haven demand boosted gold prices on Friday.Meanwhile, oil prices saw a modest increase on Friday, following reports from Iran’s foreign minister indicating that discussions between Iran…
Markets remained on edge through the week, with Big Tech spending fears, central-bank signals, and a sharp crypto rebound colliding in a volatile session.Amazon shares slid on alarm over massive AI capital spending, while India’s central bank stood pat on rates, striking a steady tone on growth.Wall Street also digested…
The Dow exploded higher on Friday, surging roughly 1,000 points as a targeted rebound in chipmakers eased a bruising week for US markets.After several sessions of sharp tech-led selling, investors stepped back into large-cap semiconductors and cyclical names.The rebound lifted the Dow to one of its strongest single-day advances this…