Reserve Bank of Australia Lifts Rates to 4.85%, an 18-Year High, in Split Vote
The Reserve Bank of Australia has raised interest rates to their highest level in 18 years, warning that bringing inflation back to target will take...
Author : Rohan Kumar
Treasury Yields and Fed Hike Bets Ease as Oil Plunges Ahead of US Midterms
A sharp fall in oil prices has taken some of the heat out of the bond market. Treasury yields slipped, the dollar softened and gold...
Marvell to Buy Lumentum in $115 Billion All-Stock Deal to Anchor AI Connectivity Push
Marvell Technology has agreed to buy optical-components maker Lumentum in an all-stock transaction valued at $115 billion, one of the largest technology deals of the...
Apple Beats Forecasts on iPhone 18 Pro Demand, but Memory Costs Cloud the Holiday Outlook
Apple delivered a stronger-than-expected quarter, only to see investors focus on what comes next. The iPhone maker beat Wall Street estimates for sales and profit...
Wall Street Slips as Tech Slump Deepens on the Eve of US Midterm Elections
Wall Street ended a choppy start to November lower on Monday, as another slide in technology shares outweighed relief from a sharp drop in oil...
Gold and Silver Slide as Fed Rate Hike Bets Build Ahead of US Jobs Report
Gold and silver, assets that investors traditionally buy when the world looks risky, have been sold hard as markets bet the US Federal Reserve will...
China Moves to Shore Up Stocks as Central Bank Calls Major Banks to Talks
China’s central bank is turning once again to its banks to steady a wobbling stock market. Regulators were due to sit down with the country’s...
South Korea’s Chip Exports Jump 259% as AI Spending Powers a Near-Record Trade Haul
South Korea’s export machine ran at near-record speed in October, and semiconductors were the engine. The trade data, released on Sunday, offers some of the...
Oil Falls Around 3% as Qatar-Mediated Talks Raise Hopes of an End to the Iran War
Oil prices fell by about 3% on Monday as Iranian and Qatari officials held a third consecutive day of talks aimed at ending the US-Israeli...
AI Selloff Shadows Global Markets as Chip Stocks Slide From Wall Street to Seoul
Global stock markets began November on edge. A technology selloff that erupted on Wall Street late last week rippled through Asian trading floors on Monday,...