Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Wall Street closes up on revival supported by inflation data, tech stocks

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce & Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.

Miami condo tower moves on from brokers facing rape allegations

McDonald’s Corp’s new US$5 (RM23.32) meal deal has led to a modest increase in US visits and brought back some low-income diners — the first signs that the burger chain’s strategy to appear more affordable is paying off.

McDonald's US$5 value meal is slowly drawing back diners 

The S&P 500 and Nasdaq Composite ended a fickle session weaker on Thursday, failing to regain ground lost in the previous day's tech-triggered sell-off as investors grappled with the likely direction of megacaps.

S&P, Nasdaq end lower in fickle trading, megacap trend uncertain

Wall Street's main indexes were mixed on Thursday as investors assessed stronger-than-expected GDP data and remained cautious after suffering a tech mauling in the previous session.

Wall Street mixed as investors weigh GDP data after tech mauling 

The S&P 500 and Nasdaq ended at multi-week lows on Wednesday, with the S&P snapping one of its longest streaks without a daily decline of more than 2%, as lacklustre Alphabet and Tesla earnings undermined investor confidence in megacap names.

S&P and Nasdaq close at multi-week lows as Tesla, Alphabet weigh heavily

Wall Street fell on Wednesday, with the tech-heavy Nasdaq leading declines after lackluster quarterly results from Tesla and Alphabet raised questions about the sustainability of the Big Tech and AI-led 2024 equity rally.

Wall Street slides as Tesla, Alphabet earnings drag on megacaps

US regulators are examining how companies including Mastercard Inc, JPMorgan Chase & Co and a unit of Goldman Sachs Group Inc provide clients with algorithms that use consumers’ personal data to tailor product pricing to individuals — what the agency termed “surveillance pricing”.

Mastercard, JPMorgan in FTC study on ‘surveillance pricing’

Blue-chip companies sold bonds this month at the fastest rate for any July in six years, harnessing strong demand from investors looking to lock in high yields before the Federal Reserve starts cutting rates.

US high-grade bond sales post biggest July in six years

Wall Street's main indices ended slightly lower on Tuesday, having given up meagre intraday gains in the final minutes of trading, as investors switched their focus to the latest earnings from Alphabet and Tesla.

Wall St ends slightly lower with Big Tech earnings on deck

US stocks were flat to higher on Tuesday as investors awaited Alphabet and Tesla earnings later in the day to gauge if the recent market rally has momentum to spare, while United Parcel Service and NXP Semiconductors plummeted after poor results.

Nasdaq, S&P rise as spotlight turns on tech results; UPS plunges

Wall Street's three benchmarks ended higher on Monday as investors returned to megacap growth stocks, helping both the S&P 500 and Nasdaq Composite recover from their worst weekly performance since April.

Wall St closes higher as investors return to megacap stocks

Wall Street rose on Monday, regaining some ground after the previous week's declines as investors assessed the odds of a second term for Republican nominee Donald Trump in the November election after President Joe Biden withdrew from the race.

Wall Street picks up after sell-off as investors weigh Biden exit effect

Verizon Communications Inc reported operating revenue that missed analysts’ estimates as fewer people upgraded wireless equipment.

Total operating revenue was US$32.8 billion (RM153.64 billion), up less than 1% from a year ago, while analysts were looking for US$33.1 billion on average. The shares fell as much as 7% Monday morning in New York, the most in just over a year.

Verizon revenue misses estimates on lower equipment upgrades

With inflation cooling and unemployment rising in the United States, investors are betting that the Federal Reserve will cut interest rates. At the time of this writing, market prices imply a less than 2% chance that the Fed will not reduce rates at its policy-setting meeting in September, and ev...

The Policy Puzzle: The Fed Should Not Cut Interest Rates Yet

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery.

China's industrial profits post faster gains in June despite faltering economy

US Treasury Secretary Janet Yellen firmly rejected an accusation from the economist Nouriel Roubini that her department has manipulated the issuance of Treasury securities in a way that lowers real borrowing costs across the economy.

Yellen rejects Roubini claim of ‘manipulation’ in Treasuries

US Treasury Secretary Janet Yellen said on Friday that she opposes shifting global tax deal negotiations away from the Organisation for Economic Cooperation and Development (OECD) to the United Nations (UN), pushing back against the desires of some developing countries and non-profit groups.

Keep global tax negotiations at OECD, not UN, Yellen says

The main focus this week will be the US Federal Open Market Committee (FOMC) meeting on July 30 and 31.

The Week Ahead: FOMC meeting in focus, US Democratic presidential candidate could be announced

For years, Thai equities stood tall as one of Southeast Asia’s largest stock markets. That bullish story is fast unravelling, and not even cheap valuations can save the day.

World-lagging Thai stocks see investors moving money into regional rivals

Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve (Fed) policy meeting and closely watched employment data in a week that could determine the near-term trajectory of US stocks following a bout of severe turbulence.

Spooked US stock market faces tech earnings minefield, Fed meeting

Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a Gaza ceasefire agreement that could ease Middle East tensions and accompanying supply concerns.

Oil falls 1.5%, ends week lower on China demand fears

A gauge of global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and US economic data showed an improving inflation landscape, sending Treasury yields lower.

US inflation data lifts global stocks, lowers Treasury yields

Sarawak certainly had more good reasons to celebrate its 61st year of independence last Monday (July 22).

In conjunction with the celebration, the state saw the inauguration of a new methanol plant in Bintulu and the signing of gas sales agreements — the first after state-owned Petroleum Sarawak Bhd (Petros) became the sole gas aggregator, taking over from Petroliam Nasional Bhd (Petronas).

A major win in Sarawak’s bid to reclaim rights