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After Trump’s comments on Taiwan, chip stocks have lost nearly $500bn.
Semiconductor shares listed on Wall Street have lost almost $500 billion in market value since Wednesday, amid fears that trade tensions between China and Taiwan could escalate.
Nvidia shares dropped almost 7 percent, losing over $200…
The co-founders and venture capitalists of Silicon Valley’s Silicon Valley Venture Capital…
The co-founders from Silicon Valley's largest venture capital firm announced that they support Donald Trump in his bid for reelection and will make large donations to further back him.
Ben Horowitz (A16Z) and Marc Andreessen (Andreessen…
Chip stocks fall as Trump’s comments ruffle investors
Semiconductor stock prices fell on Wednesday, after Donald Trump, the former US President said that Taiwan should be responsible for its own defense and reported reports suggested that the US may consider tighter restrictions regarding…
Bets on Fed rate reductions and Trump victory drive gold price to record high
The gold price reached a new record on Tuesday, as the prospect of Federal Reserve rate cuts and a Donald Trump second term in office provided a double boost for the precious metal.
Gold rose 1.7 percent to $2,465 per troy-ounce,…
Goldman Sachs profits double to $3bn on rebound of deals
Goldman Sachs' profits more than doubled during the second quarter, as it reaped benefits from a faster recovery in dealmaking and its bond and equity traders performed better than anticipated.
After a slow two-year period in which…
Judge dismisses Donald Trump’s case over classified documents
A US judge dismissed a criminal charge against Donald Trump for his handling of classified documents. This is a significant legal victory for the ex-president, just days after he escaped an assassination.
Judge Aileen A Cannon ruled…
The pound has surged to a one-year high following UK inflation and UK growth surprises
The pound rose to its highest value against the dollar since almost a full year after the UK's economy grew faster than expected in May, while US inflation was lower than forecast. This led to a general decline in the greenback.
The…
Lagarde warns Le Pen not to go on a reckless spending spree
Marine Le Pen's high-spending policy will be funded by debt, according to the president of the European Central Bank.
Christine Lagarde, who won the first round of France's snap elections just days before, made a veiled warning to the…
Boots sale is halted due to a fall in shares of the US parent company
Boots, the struggling US-owned chemist chain, has for the second consecutive time abandoned plans to sell its multi-billion pound assets. This puts the high street chemist in danger of further cuts on investments.
Walgreens has abandoned…
Boeing criticised by US regulator after revealing details of panel blowout to media
Boeing was sanctioned for "blatantly violating" regulations when it revealed private information to media and speculated about the cause of the cabin-panel blowout that occurred on a brand new airplane operated by Alaska Airlines in…
US Supreme Court blocks Purdue Pharma bankruptcy settlement which would have shielded Sacklers…
The US Supreme court rejected Purdue Pharma’s bankruptcy settlement plan, which included a measure extraordinary to protect the Sackler family from further liability regarding the American opioid crisis in exchange for funds for…
After attack, US stops avocado and mango inspections
A recent attack on two US Department of Agriculture employees led to temporarily suspend safety inspections of avocados and mangoes, which could disrupt a $2.4bn trade between Mexico and the US.
In a press release, Ambassador Ken Salazar…
London listing of Boots canceled by American parent
Boots, owned by the American pharmacy chain CVS, has canceled plans to list the high-street retailer on the London stock exchange. This will deprive the UK of an eagerly anticipated listing.
Walgreens Boots Alliance has ceased to…
Ashtead, a FTSE-listed company, is considering a £25bn transfer to the US as a new blow to London
One of Britain's most prominent blue-chip firms is considering a move from London to New York, which would be the biggest blow to the London Stock Exchange yet.
Ashtead is a FTSE 100 company that specializes in plant hire. It is…
Elliott Management pushes SoftBank for $15 billion buyback
Elliott Management, an activist American investor, has repurchased a significant stake in SoftBank, and now wants the Japanese technology fund, SoftBank, to deliver returns for shareholders worth billions of dollars.
The US hedge fund…
Blackstone, a US private equity firm, has snatched up thousands of rental properties in the UK
Blackstone, a US private equity firm, has agreed to buy a number of new homes in the UK to take advantage of soaring rental prices.
Blackstone has purchased up to 1,750 houses after striking a £580m agreement with developer Vistry.…
Walmart beats forecasts thanks to resilient consumers
Walmart has surpassed Wall Street's expectations for profit and sales and increased its forecasts this year thanks to an increase in online sales.
The largest American retailer, which has a large number of stores in the United States,…
Dow index crosses 40,000 for the first time
The oldest American equity index, the Dow Jones Industrial Average, broke through the 40,000 mark for the first-time on Thursday. It then slipped back to its second highest closing level.
The Dow Jones Industrial Average, which began…