American Express just posted a 31% jump in quarterly profit and raised its forecast for the year. Then it announced it’s cutting about 5% of its workforce. If that sounds contradictory, welcome to corporate America in 2026 — where record earnings and pink slips arrive in the same press release. The amex job cuts story … Read more
Nasdaq tech selloff deepened on Thursday, October 22, as investors who had spent months cheering the artificial intelligence boom suddenly started asking a much harder question: who pays for all of this, and when does it start paying back? The Nasdaq Composite fell 2.6%, losing 694 points to close at 26,008.86. It was the technology-heavy … Read more
Wall Street Oil Shock: Dow Drops 653 as Brent Tops $116 Wall Street oil shock hit U.S. markets on Friday, October 23, as a sharp jump in crude prices, fragile consumer confidence and another anxious week for artificial intelligence stocks combined to push the major indexes lower into the weekend. The Dow Jones Industrial Average … Read more
Meta Platforms just delivered one of the strangest earnings reports of the season: revenue of $64.6 billion, up 26% from $51.24 billion a year earlier and above the roughly $63.3 billion expected — paired with net income of only $9.86 billion because a single roughly $9.89 billion legal charge ate almost everything. The stock initially … Read more
Elon Musk didn't dodge the question this time. Asked about a possible combination of his two companies on SpaceX's third-quarter earnings call Tuesday, he confirmed the SpaceX Tesla merger talks are real — both boards have formed special committees of independent directors — and called a merger “a good idea.” SpaceX shares jumped more than … Read more
The September CPI report came in hotter than anyone wanted. Inflation ran at 3.7% year over year through September, the Labor Department said on October 14 — a touch above what economists expected, and a fresh reminder that the fight against rising prices isn’t over yet. But investors didn’t just worry about the Federal Reserve … Read more
By late Monday afternoon, the mood on Wall Street had shifted ahead of this week’s Fed rate decision. The tech stocks that have been beaten down for weeks suddenly found their footing, the Nasdaq climbed, and traders started doing the thing they always do before a Fed meeting: trying to read the future in the … Read more
Brent crude oil prices punched through $110 a barrel on Friday, October 16, closing the week with a jolt that rattled Wall Street and emptied drivers’ wallets a little further. The global benchmark touched $110 intraday before settling at $109.86, up 3.7% on the session — its first close above the $110 mark since May. … Read more
Friday was the kind of day that makes you check your retirement account and then wish you hadn't. Brent crude oil $110 a barrel flashed across trading screens, tech stocks got hammered on fresh doubts about the AI boom, and Washington confirmed a deficit of nearly $2 trillion for fiscal 2026. The Nasdaq plunged 2.15 … Read more
Bangkok gave the world economy a headline number this week — and a warning to go with it. The IMF global growth forecast 2026 now stands at 3.1%, up from July’s 3.0%, powered almost entirely by the artificial intelligence investment boom. But listen to Kristalina Georgieva for more than thirty seconds and the celebration stops. … Read more
