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Wall Street is currently grappling with renewed volatility, and according to CNBC’s Jim Cramer, the cause is not a fundamental flaw in the economy—it’s a dangerous fixation on the highest-priced stocks. Cramer points to a fractured market, segmented into a booming, earnings-driven AI and Data Centers economy, a struggling ‘so-called real economy’ that desperately needs…
Financial markets are on high alert as voters in New York City head to the polls in the 2025 mayoral race. Many in the investment world view the outcome — and other key state contests — as a barometer for the 2026 midterm elections. At the centre of attention is democratic-socialist candidate Zohran Mamdani, who…
Meta Platforms (META) shares experienced volatility following its latest earnings report, not over revenue figures, but due to a massive increase in its AI spending guidance. CEO Mark Zuckerberg’s commitment to building the Artificial Intelligence infrastructure of the future is translating into a sharp rise in Capital Expenditures (CapEx), a move that has deeply unsettled…
Several major US stocks saw sharp moves in after-hours trading on Monday after companies released quarterly results and updates. Visa (V) shares slipped after the payments giant issued weaker-than-expected guidance for the upcoming quarter. Even though earnings met expectations, the company warned of softer consumer spending trends, which weighed on investor sentiment. Seagate Technology (STX)…
New York — Global markets have surged to record highs this year, largely powered by enthusiasm over artificial intelligence. But JPMorgan Chase CEO Jamie Dimon is cautioning that the momentum may not last forever — and that a market correction could be looming. In an interview with the BBC, Dimon said while he believes “AI…
