Asian shares fell as mixed Chinese economic data raised concerns over domestic struggles and U.S. tariffs. Wall Street futures also dipped amid rising Treasury yields and Moody's credit downgrade.
As financial markets reopen, investors are on edge following Moody's decision to downgrade the US credit rating. This move raises alarms about the nation's ballooning budget deficit and its implications for the economy.
Krispy Kreme's stock dropped 24% following an announcement to reassess its partnership with McDonald's. With economic concerns affecting spending, the doughnut chain has pulled its outlook for the year.
In a stunning election result, Anthony Albanese and the Labor Party emerge victorious, leaving the Coalition in the dust. With a nod to Trump's influence, Albanese celebrates a mandate for optimism amidst global uncertainty.
In a surprising turn, McDonald's has reported its largest decline in US sales since the pandemic, attributed to economic uncertainties. Despite creative marketing efforts, customers are visiting less, raising alarms about the fast-food giant's future.
McDonald’s reports a surprising 1% drop in global same-store sales, driven by economic uncertainty and weak consumer confidence. The U.S. market saw a 3.6% decline, the worst since 2020, prompting the chain to expand its value menu.
Stock futures surged on Wednesday as Meta and Microsoft reported impressive quarterly results, helping the market rebound from earlier losses. Despite economic concerns, investors are optimistic about the tech sector's performance.
In a dramatic Senate session, Vice President JD Vance cast a tie-breaking vote to kill a bipartisan effort aimed at blocking Trump's controversial tariffs, solidifying the president's trade policies amid economic concerns.
Stock futures dropped as Wall Street faces its third decline in four weeks, primarily due to a major sell-off in UnitedHealth and Nvidia. Experts suggest market volatility may decrease despite ongoing economic concerns.
In a surprising move, President Trump pauses new tariffs, causing a surge in global stock markets despite escalating trade tensions with China. Analysts are left wondering: is this a strategic play or a sign of deeper economic concerns?
