US B-2 Stealth Bombers Strike Houthi Weapons Sites in Yemen Amid Red Sea Tensions

US B-2 Stealth Bombers Strike Houthi Weapons Sites in Yemen Amid Red Sea Tensions

US B-2 stealth bombers targeted underground weapons storage sites associated with the Iran-backed Houthi rebels in Yemen. The strikes, announced by Defense Secretary Lloyd Austin, represent the latest attempt by the United States to curb the Houthi attacks that have...
Meta

Meta Announces New Round of Layoffs Across Instagram, WhatsApp, and Reality Labs: The Year of Efficiency Continues

Meta Platforms, Inc., the parent company of popular apps like Instagram, WhatsApp, and the virtual reality unit Reality Labs, has initiated a new round of layoffs, according to a report by The Verge. The latest job cuts, though reportedly small...
China Home Sales

Chinese Stocks Retreat Sharply Amid Disappointment Over Property Support Briefing

Chinese stocks, which had rallied earlier in the session, reversed course sharply after a joint ministry briefing on property support measures left traders underwhelmed. Market participants had been hoping for more aggressive action from Beijing, but the actual announcements fell...
Donald Trump

Donald Trump’s Tariff War: The Reality Behind the Rhetoric

In his bid for a second term, former President Donald Trump has made tariffs a central feature of his economic policy once again. Having already imposed substantial tariffs during his first term, Trump is now promising to raise the stakes,...
Crude Oil Prices

Oil Prices Rose in Early Asian Trading Amid Surprising U.S. Crude Stockpile Decline

Asian trade on Thursday, oil prices rebounded slightly, reversing some of the sharp losses seen in the previous two sessions. This rally came after surprising industry data revealed an unexpected drop in U.S. crude oil stockpiles, countering broader market trends...
Crude Oil

Oil Prices Rebound After Four-Day Decline Middle East Conflict Escalates

After four consecutive days of losses, global oil prices saw a rebound as traders weighed the escalating tensions in the Middle East and their potential impact on crude production against rising concerns over a global oversupply of oil. Brent crude...
Apple Inc.

Apple Hits New Intraday High Amid Growing Regulatory Scrutiny Over Google Deal

Apple Inc. (AAPL) stock surged to an intraday high of $237.49, continuing its upward trajectory in 2024 and reaffirming the tech giant's dominant position in the global market. However, even as Apple celebrates this financial milestone, analysts are sounding alarms...
Asian Stocks Advance After US Small-Cap Rally: Markets Wrap

Equities in Asia Rise Investors Rotate Out of Megacap Tech: A Comprehensive Overview

Asian markets gained momentum following a positive close on Wall Street, as investors shifted their focus from megacap technology stocks to economically sensitive shares, including smaller companies. This rotation signals a broader optimism about the global economy’s recovery, despite ongoing...
Australia employment market

Australia’s Hiring Surge and Steady Unemployment Rate: A Catalyst for Delayed Interest-Rate Cuts

Australia’s employment market remained impressively robust in September, according to the latest data released on Thursday, showcasing a sustained growth in hiring and a stable unemployment rate. The new figures triggered a sharp rise in the Australian dollar and bond...
Asian Stock

Millennium Management’s Partnership with Centerline Investment Marks Growing Trend in Hedge Fund Collaboration

In a move emblematic of a growing trend in the hedge fund industry, Millennium Management LLC, one of the world’s largest and most successful multi-strategy hedge fund firms, has entered into an agreement to allocate substantial capital to Hong Kong-based...
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