Page 2 - David Ramsden News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The so-called 'Magnificent 7' of U.S. megacap tech stocks has retreated sharply as first-quarter earnings updates kick off this week, with AI-chip star Nvidia swooning 10% on Friday after a nervy week for the sector. But with four of the Magnificent 7 due to report corporate updates this week - Tesla, Meta, Microsoft and Alphabet - the alarming recoil in tech behemoths is now top of mind. The 10% drop of artificial intelligence bellwether Nvidia on Friday is perhaps the most eye-catching move of a pretty dour week for sector.

It was hardly unexpected, but Israel's missile strike on Iran on Friday confirms fears of a dangerous series of tit-for-tat retaliation ahead between the Middle East powers that is likely to seed weeks of uncertainty for world markets too. Against that backdrop, the reaction of oil prices, global stocks and traditional safety trades so far on Friday has been relatively modest.

By Paul Hannon Restrictive borrowing costs are weighing on services prices and U.K. inflation may be lower than previously expected, Bank of England Deputy Gov. David Ramsden said Friday. ...

A look at the day ahead in U.S. and global markets from Mike Dolan It was hardly unexpected, but Israel's missile strike on Iran on Friday confirms fears of a dangerous series of tit-for-tat...

A look at the day ahead in U.S. and global markets from Mike Dolan It was hardly unexpected, but Israel's missile strike on Iran on Friday confirms fears of a dangerous series of tit-for-tat...