As the trading year comes to a close, U.S. stock market indices opened with enthusiasm, indicating a notable end to a fluctuating year. On the final trading day of the year, the benchmarks such as the S&P 500 experienced a significant increase of over 1%, while the Dow Jones Industrial Average (DJIA) rose by approximately
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Amidst a challenging landscape for tech stocks, Intel’s performance is drawing attention. The chipmaker has experienced a significant decline of over 60% throughout 2024, making it the second-worst performer in the S&P 500 index. However, in midday trading, there was a glimmer of positivity, with the stock bouncing back by approximately 1.2%. This brief resurgence
In a notable move that underscores the intensifying competition within the artificial intelligence (AI) sector, Alibaba has announced significant price cuts on its large language models (LLMs) by up to 85%. This decision was publicized by Alibaba Cloud, the tech giant’s cloud computing arm, via a WeChat post earlier this week. Although the news barely
This year, the world of finance faced a profound loss with the passing of Arthur Cashin, often simply referred to as “Art.” As the director of floor operations at the New York Stock Exchange (NYSE) for decades, Cashin was not only a guiding figure within the financial arena, but he also brought creativity and warmth
As Wall Street heads into the final trading day of 2024, there’s palpable optimism in the air. For more than two years now, the market indices have steadily climbed, buoyed by signs of post-pandemic resilience in the economy. The S&P 500, Dow, and Nasdaq are nearing record highs, with projections indicating that they will conclude
As the year draws to a close, European stock markets faced downward pressure on Monday, mirroring declines seen across Wall Street. The pan-European STOXX 600 index witnessed a decrease of 0.6%, with technology and healthcare sectors leading the retreat. This downturn signals a cautious sentiment among investors, especially as many European exchanges anticipate a quieter
The recent incident involving Jeju Air Flight 7C2216 represents not only a heart-wrenching tragedy but also highlights significant concerns regarding aviation safety protocols and the investigation procedures that follow air disasters. With only two of the 181 passengers surviving the traumatic belly landing at Muan International Airport in South Korea, this collision has now been
Recent developments in the aerospace sector have caught the market’s attention, particularly following a tragic incident involving Jeju Air. Shares of Boeing experienced a notable downturn, falling 3% in premarket trading. This decline was triggered by South Korea’s decision to inspect all B737-800 aircraft after the accident claimed the lives of 179 passengers. As the
In the latest midday trading update, Boeing witnessed a notable decline of 2% in its stock price following troubling news from South Korea. The country’s aviation authority mandated comprehensive inspections of all 737-800 aircraft domestically operated after the tragic plane crash involving Jeju Air that claimed the lives of nearly all onboard—181 casualties in total.
The recent air crash involving Jeju Air marks a somber chapter in South Korea’s aviation history, resulting in the tragic loss of 179 lives. This catastrophic event, the deadliest in the nation’s history, sent shockwaves through the stock market as shares of the budget airline plummeted to record lows. As trading commenced on Monday, Jeju