Finance

Finance · 5 days ago

Nasdaq Sinks Over 5% as New Congress Looks to Regulate AI, Tech Shares Plunge $2 Trillion

Noor Hale, World desk

After the midterms, the Nasdaq fell over 5% as investors feared a new Democratic Congress might focus on AI regulation, sending tech stocks into a $2 trillion rout.

Finance · 5 days ago

European shares sprint from AI billboards as US midterms turn Wall Street into a circus

Etienne Marlow, Brussels desk

European equities joined a global sell‑off after Asian markets and Wall Street tumbled, spooked by massive AI spending plans and the fallout from the Democrats’ midterm win.

Finance · 5 days ago

When the FTSE Falls, Your Daily Brew Might Get Cheaper

Iris Quay, London desk

A dip in the FTSE 100 can ripple through pension pots, mortgage rates and everyday prices, meaning the cost of your coffee and groceries may feel the pinch – or even drop a little – when markets tumble.

Finance · 5 days ago

FTSE tumbles 1.5% as Democrats’ midterm win fuels AI slowdown fears

Iris Quay, London desk

Global markets fell sharply after the Democrats’ midterm victory sparked fears of an AI slowdown, sending the FTSE down 1.5% and pulling Asian and European indices lower.

Finance · 5 days ago

Euro‑area markets feign AI confidence as Asian stocks tumble on US tech gloom

Etienne Marlow, Brussels desk

Asian equities plunge after a US tech sell‑off and political worries over data‑center subsidies, prompting euro‑zone traders to stage a parody of AI optimism.

Finance · 5 days ago

Nasdaq’s 5.5% Plunge Sends AI Hype Flickering as Democrats Celebrate Victory

Iris Quay, London desk

The Nasdaq fell 5.5% on Thursday, its biggest one‑day loss in 19 months, wiping roughly $2 trillion from its market value as investors fret over possible AI regulation after the Democrats’ electoral triumph.

Finance · 5 days ago

Australian shares tumble as tech bros vanish, leaving market participants clutching red‑inked charts

Vera Chen, Sydney desk

A US tech sell‑off sent shockwaves through the Australian exchange, with almost every sector sliding as market participants collectively fled the tech‑heavy headlines.

Finance · 5 days ago

Shallow but Sweet: Aussie Mines Strike Gold in the Wrong Depth

Vera Chen, Sydney desk

Three Australian miners reported shallow gold and copper intercepts this week, prompting market participants to joke about the depth while debating the significance of the finds.

Finance · 6 days ago

Spending Cuts: A Price‑Cutter or a Pandora’s Box?

Vera Chen, Sydney desk

A new fiscal tightening may curb inflation, but market watchers warn it could backfire, with the Reserve Bank and government sharing blame.