July 7, 2026
Trending now

Brazil exits World Cup after Norway Round of 16 victory

Iraq sets Halliburton contract for Basra oil fields

India and Japan expand AI and economic security ties

World Bank backs Morocco hydropower storage with $265m

Emirates tops 1 million Starlink Wi-Fi connections

Oyarzabal brace sends Spain past Austria at World Cup

Harry Kane lifts England into World Cup round of 16

South Korea exports reach record US$102.25 billion in June

Mexico advances after 2-0 win over Ecuador in World Cup

Japan new car sales rise 1.8% in first half of 2026

Tag : Wall Street

Business

Alphabet becomes fourth company to cross $4 trillion valuation

omandailynews.com
MENA Newswire, SAN FRANCISCO: Shares of Alphabet Inc. rose sharply on Monday, lifting the Google parent’s market capitalization above $4 trillion for the first time and placing it among a small group of companies to reach that valuation threshold. The milestone was achieved during intraday trading as Alphabet’s Class A and Class C shares......
Technology

Apple surpasses $3 trillion market cap, a historic milestone

omandailynews.com
Apple Inc. made history yet again, achieving a market capitalization of $3 trillion on Friday, marking another significant milestone in the company’s growth. This is a testament to the robust investor confidence in Apple’s diverse portfolio of products and services, despite recent warnings from the company of potential revenue declines.......
Business

Wall Street faces staffing cuts as Morgan Stanley plans to eliminate 3,000 jobs

omandailynews.com
As the slump in Initial Public Offerings (IPOs) and mergers on Wall Street continues to deepen this year, leading advisory firms including Morgan Stanley, Bank of America, and Citigroup have resorted to job cuts. Specifically, Morgan Stanley is planning to axe roughly 3,000 positions by the end of June, as......
Business

CEO of JPMorgan says it is too soon to declare victory over inflation

omandailynews.com
JPMorgan Chase & Co.‘s CEO Jamie Dimon cautioned against declaring victory too soon against inflation, warning the Federal Reserve might raise interest rates above 5% if prices remain “sticky.” Several Federal Reserve officials said more rate increases were on the way, though none was ready to suggest January’s strong jobs......
Business

Wall Street records sharpest plunge since 2020, Dow drops 1100 points

omandailynews.com
On Wednesday, the Dow Jones Industrial Average recorded its biggest plunge since 2020 after another prominent retail company warned of escalating prices, reinforcing investors’ apprehensions about future inflation, and triggering the catastrophic 2022 sell-off. The Dow lost 1,164.52 points, or 3.57%, to 31,490.07, the index’s steepest slide since June 2020.......