US stocks fall the most in 2 years

US stocks fall the most in 2 years

Wall Street's major indexes fell 3% on August 5 - the lowest level since 2022, mainly due to investor fears of recession.

Global financial markets are in turmoil

Global financial markets are in turmoil

Stocks and cryptocurrencies plunged in the first session of the week amid concerns about the US economic crisis and escalating geopolitical risks.

Yen price hits 7-month high

Yen price hits 7-month high

Rising interest rates in Japan, along with less optimistic US economic data, pushed the yen to its highest level since the beginning of the year compared to the USD.

Intel shares fall the most in 50 years

Intel shares fall the most in 50 years

Shares of the US chipmaker had their worst session since 1974, after announcing a loss in the second quarter and a plan to lay off huge numbers of employees.

Japanese stocks fall the most in 8 years

Japanese stocks fall the most in 8 years

The Topix index had its worst session since 2020, as a rise in the yen raised investor concerns about falling corporate profits.

Trump lost $900 million since Harris ran

Trump lost $900 million since Harris ran

The former US President's fortune has declined, as Trump Media shares have lost value in recent weeks following new developments in the election.

Japan spends nearly $37 billion to support the yen

Japan spends nearly $37 billion to support the yen

The yen's fall to a 38-year low against the dollar last month prompted authorities to spend tens of billions of dollars on a second intervention this year.

Nvidia's capitalization increased the most in the history of US stocks

Nvidia's capitalization increased the most in the history of US stocks

Investors' expectations for AI chip demand sent Nvidia shares soaring, adding $330 billion to the company's market capitalization in one session.

The yuan is the second most used currency in global financial transactions

The yuan is the second most used currency in global financial transactions

The yuan has overtaken the euro to become the second most used currency in global finance, new figures show.

How France saves money on organizing the Olympics

How France saves money on organizing the Olympics

Despite exceeding the budget, the Paris Olympics are expected to cost France only about $10 billion thanks to reuse, recycling and leasing.



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