Analysts cite data showing a drop in US job openings as latest indication of cooling in world's biggest economy — following weak manufacturing numbers.
Asian shares surge as easing concerns over the banking sector revived risk appetite, while Alibaba's plans to split into six units lifted Chinese tech stocks.
German Chancellor Olaf Scholz's assurance that "there is no reason to be concerned" fails to assure the financial market sending many European bank shares tumbling as the week comes to a close.
Shares of First Republic Bank and Credit Suisse dive back deep in the red and stock prices of other major banks also fall, with JP Morgan, Citigroup and Bank of America down at least three percent.
Twitter has dismissed Elon Musk's claim that he was hoodwinked into signing the $44B deal to buy the social media company, saying that it was "implausible and contrary to fact".
Wall Street stocks fall and record worst first six months since 1970 amid recession fears and Federal Reserve's bid to curb inflation.
S&P 500 gains after US Federal Reserve raises interest rate by three-quarters of a point — largest bump since 1994 — and hints at more rate hikes ahead as it tries to cool off nation's economy without causing a recession.
Wall Street tumbles into what's called a bear market after fears about a fragile economy and rising interest rates sent the S&P 500 more than 20 percent below its record set early this year.
Russian forces in Ukraine appear to have shifted their focus to what Moscow calls the liberation of the contested Donbass region, as the conflict enters its second month.
US assessments on Russia's invasion of Ukraine pushed crude price benchmarks up close to $100 per barrel, which also negatively affected stocks in Wall Street and the S&P.
Founded in 2005 by Steve Huffman and entrepreneur Alexis Ohanian, Reddit was valued at $10 billion in a private fundraising round earlier this year.
Taking cue from Wall Street, which fell 2 percent on Monday, Asian stocks widened their losses amid growing fears that the more transmissible Delta variant would harm the global economic recovery.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2023 TRT World.
Like
Follow