Wall Street has its worst day since 2022 as fears of U.S. recession deepen

Wall Street has its worst day since 2022 as fears of U.S. recession deepen

Wall Street fell the most in nearly two years, continuing a global rout in financial markets as fears worsen that the U.S. economy is slowing down. The S&P 500 fell three per cent on Monday. The Dow Jones industrial average dropped more than 1,000 points and the Nasdaq composite slid 3.4 per cent. The declines were just the latest … Read more

Amazon hits US$2 trillion in value as AI frenzy fuels tech stocks

Amazon hits US trillion in value as AI frenzy fuels tech stocks

Amazon.com has reached a US$2 trillion market valuation for the first time ever, as an artificial intelligence (AI)-fuelled rally pushed the tech giant deeper into record territory. Shares rose 3.9 per cent on Wednesday to close at US$193.61, pushing the market value to more than US$2 trillion. The company is now a member of an … Read more