Wall Street stocks soared on Tuesday, with the Dow Jones Industrial Average reaching a record closing high, as investors grew optimistic about the Federal Reserve’s potential to begin easing interest rates. Strong retail sales data …
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Yandex Splits: Russian Assets Sold for $5.4 Billion, Foreign Ownership Ends
Yandex, often dubbed “Russia’s Google,” has finalized its split, with a Russian consortium acquiring the majority of its businesses in a $5.4 billion deal. The deal marks the end of foreign ownership in the tech …
Continue readingWall Street Surges on Rate Cut Bets, Strong Earnings Outlook
Wall Street closed higher this week, buoyed by investor bets on an imminent Federal Reserve rate cut and strong second-quarter earnings expectations. The S&P 500 gained 0.9% for the week, the Nasdaq rose 0.2%, and …
Continue readingDow Surges to One-Month High on Rotation, Nasdaq Drops as Investors Eye Fed Cuts
The Dow Jones Industrial Average closed at a one-month high on Monday, fueled by a rotation out of AI-linked stocks and into laggards as investors bet on Federal Reserve interest rate cuts later this year. …
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