Luxury Stocks Slide as Iran War Hits Demand, Hermès Drops 14%
Luxury stocks declined sharply after weak earnings from Hermès and Kering, as the Iran war weighed on Middle East demand and tourism.
Markets - Page 13
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Latest Markets News
AMD, Qualcomm, Arm Back Wayve With New Funding to Accelerate Driverless AI
AMD, Qualcomm, and Arm have invested in autonomous driving startup Wayve, reinforcing growing demand for AI-powered vehicle technology.
Allbirds Stock Surges Over 900% After Pivot to AI Infrastructure Business
Allbirds shares skyrocketed after the struggling footwear brand announced a pivot to AI infrastructure, signaling a dramatic shift in its business model.
SEC Approves End of $25,000 Pattern Day Trader Rule
The SEC approved the removal of the $25,000 minimum requirement for pattern day traders, expanding access to active trading for retail investors.
Amazon to Acquire Globalstar in $11.6 Billion Deal to Expand Leo Satellite Network
Amazon agreed to acquire Globalstar to strengthen its low Earth orbit satellite network and accelerate direct-to-device connectivity. The move intensifies competition with SpaceX’s Starlink.
Cocoa Prices Collapse Nearly 80% After Record Highs
Cocoa prices have plunged nearly 60% from 2025 highs, extending losses into 2026. The sharp decline follows a historic rally that peaked in late 2024.
Amazon Says AI Revenue Tops $15 Billion as Chip Business Exceeds $20 Billion
Amazon reported AI-related cloud revenue above $15 billion and said its chip business now exceeds $20 billion annually. The update highlights growing momentum in its infrastructure...
Interactive Brokers Eyes Expansion Into Prediction Markets
Interactive Brokers is exploring entry into prediction markets, betting on growing institutional demand. The move could reshape how event-based trading is integrated into mainstream finance.
Meta Shares Jump 7% After Debut of New AI Model Muse
Meta Platforms shares rose 7% after unveiling its new AI model Muse. The launch signals renewed momentum in the company’s artificial intelligence strategy.
Oil Prices Rebound as Iran Accuses U.S. of Ceasefire Breach
Oil prices resumed gains after Iran accused the U.S. of violating a ceasefire agreement. Renewed tensions are fueling concerns over supply disruptions.
U.S. Stocks Lose $650 Billion as Markets Brace for Trump Deadline
U.S. equities shed roughly $650 billion as investors react to an approaching Trump deadline. Rising oil prices and geopolitical uncertainty are weighing on markets.
Global Copper Inventories Hit 23-Year High as Supply Surge Accelerates
Global copper inventories have climbed to a 23-year high, surpassing 1.02 million tonnes. The rapid buildup signals shifting dynamics in the commodities market.