Shares of collaboration software company Atlassian (NASDAQ:TEAM) fell 5.3% in the afternoon session after a wave of competitive anxiety hit the enterprise software sector sparked by a high-profile downgrade of Adobe, triggering a broader sell-off in high-valuation cloud stocks.
Shares of collaboration software company Atlassian (NASDAQ:TEAM) fell 5.3% in the afternoon session after a wave of competitive anxiety hit the enterprise software sector sparked by a high-profile downgrade of Adobe, triggering a broader sell-off in high-valuation cloud stocks.
President Trump says he wants to lighten the burden of credit-card debt, but his plans could backfire for some customers. Norah Mulinda explains. (Source: Bloomberg)
President Trump says he wants to lighten the burden of credit-card debt, but his plans could backfire for some customers. Norah Mulinda explains. (Source: Bloomberg)
Dermot McDonogh, BNY CFO, says uncertainty has become valuable and the firm remains bullish on the economy and markets. He tells Romaine Bostick on “The Close” that the outlook for this year is strong. (Source: Bloomberg)
Dermot McDonogh, BNY CFO, says uncertainty has become valuable and the firm remains bullish on the economy and markets. He tells Romaine Bostick on “The Close” that the outlook for this year is strong. (Source: Bloomberg)
Bolivia secured a further $4.5 billion in multilateral lending, boosting the new government’s chances of stabilizing an economy enduring its deepest crisis since the 1980s. The nation reached an agreement with the Inter-American Development Bank , or IADB, for a $4.5 billion support package, Presidency Minister José Luis Lupo said Tuesday. This will prevent exchange rate instability and help under...
Bolivia secured a further $4.5 billion in multilateral lending, boosting the new government’s chances of stabilizing an economy enduring its deepest crisis since the 1980s. The nation reached an agreement with the Inter-American Development Bank , or IADB, for a $4.5 billion support package, Presidency Minister José Luis Lupo said Tuesday. This will prevent exchange rate instability and help underpin the government’s economic reform package from 2026 to 2028, Lupo told reporters in La Paz. The loan follows an earlier five-year $3.1 billion financing program agreed in November with the Development Bank of Latin America, or CAF. Fonplata, a regional development bank, has also pledged about $1 billion in December to finance strategic projects in Bolivia over the same period. Read more: CAF Unveils $3.1B Program for Bolivia 2025-2030 The government of Rodrigo Paz, which took office in November after two decades of socialist rule, last month declared an economic emergency and slashed fuel subsidies in a bid to narrow the fiscal deficit. The IDB funding will support social protection, private investment, infrastructure, budget support and capital mobilization, the bank said in a statement. The institution plans to disburse $2 billion in the first year to back a stabilization program, protect vulnerable groups and restore macroeconomic stability, it said. The IDB said it is in talks with the US International Development Finance Corporation to help bring private capital into Bolivia. IDB Invest, the group’s private-sector arm, plans to expand its portfolio twenty-fold, investing up to $450 million over the next three years in agribusiness, infrastructure, industry and financial inclusion, the bank said. The reforms triggered an 86% jump in the price of gasoline and more than 160% for diesel. Cash reserves at the central bank climbed sharply to $505 million in December from about $50 million in November, while the exchange rate strengthened in the parallel market. Paz asked ...
The Venezuela government has started releasing prisoners with US citizenship, people with knowledge of the situation said. The authorities on Tuesday released at least one US citizen who already left the country, the people said, declining to identify the individual for security reasons. The release marks the first known release of a US citizen since authorities in Caracas began freeing detainees ...
The Venezuela government has started releasing prisoners with US citizenship, people with knowledge of the situation said. The authorities on Tuesday released at least one US citizen who already left the country, the people said, declining to identify the individual for security reasons. The release marks the first known release of a US citizen since authorities in Caracas began freeing detainees as part of an effort to meet Washington’s demands following the capture of Nicolás Maduro last week. At least one other dual US citizen was detained, the people said, and Caracas-based human-rights group Foro Penal counted two other US citizens arrested, an American and a Cuban-American. Press officials for the US State Department and Venezuela’s Information Ministry didn’t immediately respond to requests for comment. Interim Vice President Delcy Rodríguez ’s government has said 116 prisoners have been released, though only about 70 cases have been verified by the non-governmental organization Justicia, Encuentro y Perdón. Releases began Jan. 9 and included close political aides to opposition leader María Corina Machado . Earlier Tuesday, National Assembly President Jorge Rodríguez said releases would continue. In the meantine, families of detainees are still waiting to see loved ones, with many camping outside detention centers across the country.
Super Micro Computer (NASDAQ:SMCI), AI-focused server and storage provider, closed Tuesday's session at $28.6, down 5.05% as investors reacted to fresh analyst downgrades and margin concerns. Super Micro Computer IPO'd in 2007 and has grown 3,165% since going public. Trading volu
Super Micro Computer (NASDAQ:SMCI), AI-focused server and storage provider, closed Tuesday's session at $28.6, down 5.05% as investors reacted to fresh analyst downgrades and margin concerns. Super Micro Computer IPO'd in 2007 and has grown 3,165% since going public. Trading volu
American Airlines Group (NASDAQ:AAL) , a major U.S. passenger and cargo carrier, closed Tuesday’s session at $15.35, down 4.06%. American Airlines Group IPO'd in 2005 and has fallen 20% since going public. Trading volume reached 82.2 million shares, about 47% above its three-month average of 56 million. Tuesday’s catalysts centered on Delta’s outlook, sector-wide weakness, and fresh concern that p...
American Airlines Group (NASDAQ:AAL) , a major U.S. passenger and cargo carrier, closed Tuesday’s session at $15.35, down 4.06%. American Airlines Group IPO'd in 2005 and has fallen 20% since going public. Trading volume reached 82.2 million shares, about 47% above its three-month average of 56 million. Tuesday’s catalysts centered on Delta’s outlook, sector-wide weakness, and fresh concern that potential credit-card rate caps could pressure loyalty-program economics. The S&P 500 slipped 0.20% to 6,963, while the Nasdaq Composite eased 0.10% to finish at 23,710. Within the airline industry, peers Delta Air Lines and United Airlines fell 2.38% and 0.76%, respectively, as traders weighed Delta’s mixed quarter. American Airlines traded down in sympathy with Delta today after the latter reported mixed earnings , but ultimately dropped 2% on the day. One major concern for American Airlines arising from the earnings report was Delta CEO Ed Bastian highlighting the company's advantage of having a co-branded credit card with American Express and its more affluent customers. Thanks to this more affluent customer base for its credit card program, Bastian believes Delta may be better suited than its peers to weather President Trump's proposed 10% interest rate cap. These comments contributed to a decline in American Airlines' stock. Continue reading
Walmart is operating in a challenging environment, just like many grocery retailers nationwide. The battle for consumer dollars has become intense as shoppers adjust their behavior amid economic pressures, including tariffs, an uncertain housing market, and higher costs of living. More Americans ...
Walmart is operating in a challenging environment, just like many grocery retailers nationwide. The battle for consumer dollars has become intense as shoppers adjust their behavior amid economic pressures, including tariffs, an uncertain housing market, and higher costs of living. More Americans ...
Bitcoin hit $96,000 on Tuesday, the highest level since mid-November. On "Bloomberg Crypto", Ryan Rasmussen, director and head of research at Bitwise Asset Management, talks with Scarlet Fu and Tim Stenovec about his outlook for crypto prices and regulation in 2026. (Source: Bloomberg)
Bitcoin hit $96,000 on Tuesday, the highest level since mid-November. On "Bloomberg Crypto", Ryan Rasmussen, director and head of research at Bitwise Asset Management, talks with Scarlet Fu and Tim Stenovec about his outlook for crypto prices and regulation in 2026. (Source: Bloomberg)
Meta has acquired Manus, the Singapore-based but Chinese-born artificial intelligence (AI) start-up in a deal valued at more than US$2 billion. The move that marks a rare US purchase of an Asian AI firm was initially trumpeted as an example of China’s innovation. Now, Chinese regulators are having second thoughts. The tech world eagerly awaits the final outcome. More such cases are likely to emerg...
Meta has acquired Manus, the Singapore-based but Chinese-born artificial intelligence (AI) start-up in a deal valued at more than US$2 billion. The move that marks a rare US purchase of an Asian AI firm was initially trumpeted as an example of China’s innovation. Now, Chinese regulators are having second thoughts. The tech world eagerly awaits the final outcome. More such cases are likely to emerge as China advances from being copycat to innovator. Another example is the forced sale of TikTok –...