Latest Business News
Wall Street Falls Amid Investor Worries
US stocks sold off broadly on Friday, with Dow dropping 1.05%, S&P 500 falling 0.43%, and Nasdaq declining 0.92%, marking largest monthly declines in a year for S&P and Nasdaq. Concerns stem from AI uncertainties, tariff anxieties, and geopolitical tensions, hitting financial and tech sectors hard.
Defensive sectors like consumer staples outperformed as investors sought safety.
Tesla Board Recommends Record $1 Trillion Package for Musk
Tesla's board proposes a massive compensation package for Elon Musk requiring the company's valuation to boost nearly eightfold. This ambitious plan underscores efforts to retain leadership amid growth ambitions.
Details emerge amid volatile market conditions for EV makers.
US Limits TSMC Chipmaking Tool Shipments to China
The Trump administration revoked TSMC’s authorization to export US chipmaking equipment to China without a license, restricting technology access. This move escalates tech trade barriers between the US and China.
It impacts global semiconductor supply chains significantly.
Trump Seeks Supreme Court Expedited Ruling on Tariffs
President Trump plans to ask the Supreme Court for a swift ruling to overturn a decision deeming many of his tariffs illegal. This follows ongoing tariff refund battles and renewed trade chaos.
The appeal highlights persistent US protectionist policies.
China’s Carmakers Heading for a Crash Despite Export Success
Despite leading in battery tech and exports, scores of Chinese carmakers like BYD and Geely face an industry crash amid overcapacity. US and EU tariffs add pressure on the world’s largest vehicle market.
Local champions have supplanted international brands since 2009.
Gold Price Hits Record Above $3,500
Gold surged to a record $3,501.59 per ounce in early Asian trading, driven by safe-haven demand. The rally reflects ongoing economic uncertainties and inflation fears.
Precious metal continues upward amid global tensions.
Oil Prices Jump on Iran Attack Fears; UAE Raises Fuel Prices
Oil prices rose amid fears of Iran attacks and US-Israel clashes, prompting UAE to hike petrol and diesel prices for March. Super 98 petrol now Dh 2.59/litre, diesel Dh 2.72/litre, reflecting global crude trends.
Geopolitical risks add premium via chokepoints like Strait of Hormuz.
India in Talks with US for Trade Agreement
India's trade minister Piyush Goyal announced ongoing negotiations with the US for a bilateral trade deal. This comes amid broader global tariff uncertainties.
The talks aim to boost economic ties between the two nations.
Samsung Announces AI-Driven Factories by 2030
Samsung Electronics plans to transition all global manufacturing to 'AI-Driven Factories' by 2030 using Agentic AI for autonomous production. The strategy integrates AI across logistics, production, and quality, unveiled at MWC 2026.
It emphasizes safety and efficiency with governance for industrial AI expansion.
ECB's Lagarde Warns of Trump Interference Risk to World Economy
ECB President Christine Lagarde cautioned that Trump’s attacks on Fed Chair Jerome Powell pose risks via interference on interest rates. This highlights potential global economic fallout from US monetary policy tensions.
Fed unlikely to cut rates soon per hot PPI data.
Top Stocks to Buy in March 2026 After Pullback
Post-February volatility, stocks like Nvidia, Microsoft, Meta, Uber, and AMD offer attractive valuations vs. 5-year averages with strong growth potential. Defensives like Walmart trade at high multiples; analysts bullish on tech recoveries.
Focus on revenue, EPS, and Wall Street targets for asymmetric risk/reward.
US Trucking Enters Freight Recession with Plummeting Rates
US trucking faces turmoil as shipping rates crash post-pandemic, dubbed a 'freight recession' amid inventory gluts. This disadvantages carriers in contract talks but benefits retailers with lower costs.
The $875 billion industry braces for reshaping.