ECB’s de Guindos warns financial markets are vulnerable to a sharp sell-off
The European Central Bank’s May Financial Stability Review warned that the euro area’s stability outlook remains fragile.
Financial News
Nvidia hits $1 trillion market cap
Nvidia hit a $1 trillion market cap at the market open Tuesday, buoyed by an AI frenzy and a massive earnings beat.
Putin congratulates ‘dear friend’ Erdogan as NATO’s Turkey challenge looks set to stay
Erdogan leads a country that’s home to NATO’s second-largest military, but also has a friendly and growing relationship with Russia’s Vladimir Putin.
White House and Republicans reach a tentative deal to avoid U.S. default
House Republicans have reached a tentative deal with the White House to address the nation’s debt ceiling and avoid a default.
Treasury now says it could run out of money June 5, buying time for debt ceiling talks
Treasury Secretary Janet Yellen said Friday that the United States will likely have enough reserves to push off a potential debt default until June 5.
A U.S. recession would be ‘good news’ for markets, strategist says
A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management.
Nvidia nears elite trillion-dollar market cap club of Apple, Microsoft, Alphabet and Amazon
The surge in Nvidia following its explosive sales guidance could help catapult the stock into the group of public companies with a $1 trillion market cap.
Debt ceiling talks hit a snag over spending levels with eight days until default deadline
Concerns are growing about whether President Biden and House Speaker McCarthy can reach a deal and pass a bill to raises the debt ceiling before June 1.
Apple announces multibillion-dollar deal with Broadcom for U.S.-made chips
Apple announces multibillion-dollar deal with Broadcom for U.S.-made chips
Isolating China will be ‘impossible and dangerous,’ analyst says, as the G-7 gets tough on Beijing
An analyst has warned it is “impossible” and “dangerous” to isolate Beijing, after the G-7 issued its strongest ever message to China over the weekend.