Global markets are heading into the holiday season on shaky footing as doubts over near-term Fed rate cuts and questions around overheated AI valuations trigger waves of risk aversion. The S&P 500 and Nasdaq have fallen 4% and 7% from their late-October highs, while volatility surged to its highest levels since April’s tariff shock. The...
Glass Lewis is weighing a move to register as a U.S. investment adviser, a shift that would bring the proxy advisory firm under greater SEC oversight — and potentially ease long-running criticism from corporate executives and Republican lawmakers about its influence on shareholder voting. Chief Strategy Officer Cheryl Gustitus told Reuters the firm is “seriously...
Nokia has unveiled plans to invest $4 billion in U.S.-based research, development, and production to accelerate AI-driven network connectivity. The Finland-based telecom giant said the move is being made in collaboration with the Trump administration, marking one of its largest U.S. commitments to date. According to Nokia, the expanded investment will enhance America’s ability to...
Global markets extended their sharp selloff on Friday, with Asian and European equities sliding and U.S. futures pointing lower as investors continued to dump richly valued tech stocks. Nvidia’s strong earnings failed to stem the declines, while the latest U.S. jobs report offered little clarity on the Fed’s rate path. Bitcoin also hit a 7-month...
Global risk-on sentiment is pushing investors deeper into frontier markets, with Uganda emerging as an unexpected hotspot for yield seekers. Offshore holdings of Uganda’s local bonds have hit a record $2–2.7B (≈12% of total domestic debt), even though the country isn’t included in major JPMorgan indices. Why Uganda? But Frontier Risks Remain Broader Trend As...
Bitcoin and major crypto assets plunged on Friday as a global “flight from risk” hit markets.Bitcoin fell 5.5% to $81,668 — a 7-month low — while Ether dropped 6% to $2,661, with both down ~12% for the week. The selloff reflects rapidly deteriorating risk sentiment as lofty tech valuations come under pressure and expectations of...