Trump found guilty: Stock markets slide, read investor reaction
Donald Trump became the first U.S. president to be convicted of a crime on Thursday when a New York jury found him guilty of falsifying documents to cover up a payment to silence a porn star ahead of the 2016 election. After deliberations over two days, the 12-member jury announced it had found Trump guilty on all […]
US Supreme Court to hear Nvidia bid to scuttle shareholder lawsuit
The U.S. Supreme Court agreed on Monday to hear a bid by Nvidia (NASDAQ:NVDA) to scuttle a securities fraud lawsuit accusing the artificial intelligence chipmaker of misleading investors about how much of its sales went to the volatile cryptocurrency industry. The justices took up Nvidia’s appeal made after a lower court revived a proposed class […]
How G7 and EU plan to use Russia’s frozen assets to help Ukraine
The Group of Seven countries and the European Union are considering how to use profits generated by Russian assets immobilised in the West to provide Ukraine with a large up-front loan now and secure Kyiv’s financing for 2025. BASIC CONCEPT Around 260 billion euros of Russian central bank funds are frozen worldwide, most of it […]
Stocks making the biggest moves midday: Southwest Airlines, GameStop, Advanced Micro Devices and more
Check out the companies making headlines in midday trading: Southwest Airlines — The stock rose 7% after activist hedge fund Elliott Management amassed a $1.9 billion stake in Southwest Airlines. The firm seeks to replace Southwest CEO Bob Jordan and Chairman Gary Kelly. GameStop — The meme stock slipped nearly 12% in volatile trading after a roller-coaster week. GameStop added […]