The drop in US stocks on Thursday despite a bumper report from Nvidia Corp. shows the rally this year is “exhausted” and portends more declines to come, according to Morgan Stanley’s Michael Wilson.
Nigeria’s economy grew at a slower-than-expected pace after the oil sector contracted for a 13th straight quarter, adding to the list of issues President Bola Tinubu needs to address.
Brazil’s annual inflation sped up more than expected in early August, snapping a 14-month slowdown as the central bank pledges to continue cutting its interest rate.
A group of Tesla Inc. investors stands to recover an average of about $12,000 a head for losses they incurred from Elon Musk’s famous 2018 tweet that he had “funding secured” to take the carmaker private at $420 a share — and then didn’t.
Sugar crops in some of India’s major growing regions are in desperate need of rain as drier conditions threaten the production outlook, which may place more pressure on containing rising food costs.
Business confidence in Germany took another hit in August, despite the economy just exiting a recession in the second quarter.
International Monetary Fund Managing Director Kristalina Georgieva expects global monetary policies to diverge after most major central bankers have spent the last year tightening credit conditions to slow price gains.
US-based cryptocurrency exchanges, such as Coinbase Global Inc. and Kraken, would have to disclose detailed information on their clients’ transactions to the IRS starting in 2026 under a new Treasury proposal.
Oil pared some of its second weekly decline as traders waited for clues about the outlook for interest rates from a speech later on Friday by Federal Reserve Chair Jerome Powell.
Ukraine’s anti-graft bodies are investigating senior government officials they suspect of purchasing food for war-hit regions at inflated prices as President Volodymyr Zelenskiy’s administration intensifies a crackdown on corruption.
