Business, General, News $1 trillion wipeout: Market rout punishes megacap tech August 5, 2024 The seven most-valuable U.S. tech companies lost a combined $1 trillion in market value at the start of trading on Monday.
European markets trade higher, buoyed by China’s stimulus measures European stocks traded higher Tuesday, buoyed by China’s central bank monetary stimulus measures.
Wall Street banks had a great quarter, and the boom times are just starting JPMorgan Chase, Goldman Sachs and Morgan Stanley easily topped estimates for the fourth quarter.
Britain’s finance minister calls for spending discipline but no return to austerity U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, saying her budget proposals will…