Investors are now focused on Wednesday’s inflation report for further clues about the health of the economy
US stock market
Latest in US stock market
US Election 2024
Wall Street slips as uncertainty surrounds US election, Fed move
Some of the so-called “Trump trades” unwound after a recent poll showed Harris, the Democratic vice president, leading in Iowa, sparking a drop in the US dollar, Treasury yields and bitcoin
Amazon
Global billionaires lose $134 billion in market sell-off, led by Amazon’s Jeff Bezos
Other notable losses included Oracle’s Larry Ellison ($5 billion), Alphabet co-founders Sergey Brin and Larry Page (over $3 billion each), Meta’s Mark Zuckerberg ($3 billion), and Tesla’s Elon Musk ($6.57 billion)
Artificial intelligence
AI-driven stock bubble to burst in 2026, report finds
Economists drew parallels to the dot-com bubble of the late 1990s and early 2000s, as well as the Great Crash of 1929
Baraka
Equity retailing startup Baraka raises $20 million in Series A funding
A clutch of investors led by Valar Ventures have invested in the latest round
equities
Traversing the current market chaos: Benefits of seeing the glass as half full
As the equity markets ponder the possibility of a deeper and more protracted downtrend, Vijay Valecha, the chief investment officer of Century Financial, highlights key themes and opportunities that you can still tap into
Globalfoundries
GlobalFoundries taps Morgan Stanley for jumbo IPO
GlobalFoundries is backed by Abu Dhabi sovereign fund Mubadala Investment Co. Mubadala had started preparations for a U.S. IPO of the company and is in discussions with potential advisers
Globalfoundries
UAE’s Mubadala said to eye $20bn US IPO for chipmaker business
Sources say Mubadala has started preparations for initial public offering of GlobalFoundries
bonds
Video: Why Wall Street traders are on the decline
Buying and selling stocks or bonds used to happen on the phone, in person, or in the packed trading pits in Chicago, New York and London.