Today: September 08, 2024
Today: September 08, 2024

Latest From Chibuike Oguh

Business|Economy|Finance

Wall Street stocks fall, big weekly drop as market waits for Fed to move

U.S. stocks fell on Friday, weighed down by a jobs report that showed a continued labor market slowdown but left traders uncertain about how far the Federal

Wall Street stocks fall, big weekly drop as market waits for Fed to move
Business|Economy|Finance|Stock Markets

S&P 500, Dow end lower ahead of key jobs data, Nasdaq up

The benchmark S&P 500 index and the Dow ended lower in choppy trading on Thursday after a short-lived boost from a string of economic reports faded and investors

S&P 500, Dow end lower ahead of key jobs data, Nasdaq up
Business|Economy|Finance|News

Wall Street ends slightly down after weak labor market data, dovish Fed comments

U.S. stocks finished slightly lower in choppy trading on Wednesday following labor market data and comments from a Federal Reserve official that bolster the case

Wall Street ends slightly down after weak labor market data, dovish Fed comments
Economy|Finance|News|Stock Markets

Wall Street drops on September worries, upcoming data

U.S. stocks slumped on Tuesday, at the start of one of the market's historically worst months, ahead of data likely to influence how much the Federal Reserve will

Wall Street drops on September worries, upcoming data
Americas|Asia|Business|Finance|Stock Markets|Technology

Stocks ease past Nvidia blues, crude oil rebounds

Global shares edged higher on Thursday, shrugging off investor disappointment at artificial intelligence powerhouse Nvidia's results, while oil prices rebounded

Stocks ease past Nvidia blues, crude oil rebounds
Business|Finance|News|Stock Markets

Shares of Trump's media firm sink to record low

Shares of Trump Media & Technology Group, which is majority-owned by former U.S.

Shares of Trump's media firm sink to record low
Business|Finance|Stock Markets|Technology

S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals

The S&P 500 and Nasdaq scored their biggest daily percentage gains since Feb. 22 and the Dow rose on Wednesday as chip stocks rallied and the Federal Reserve kept

S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals
Asia|Economy|Stock Markets|Technology

World shares edge down, US yields fall as markets eye earnings, economic data

Global stocks edged lower after paring early gains while U.S. bond yields dropped on Tuesday as markets awaited economic data and a plethora of corporate earnings,

World shares edge down, US yields fall as markets eye earnings, economic data
Economy|News

World shares rise, US dollar weakens on soft labor market data

World equities rose while the U.S. dollar fell on Wednesday following soft labor market data that buoyed investor expectations of Federal Reserve interest rate

World shares rise, US dollar weakens on soft labor market data
Economy

Williams-Sonoma shares surge to record high on Q4 results, new $1 billion buyback plan

Shares of Williams-Sonoma, which owns home furniture retailer Pottery Barn, surged to a record high on Wednesday after it announced better-than-expected fourth-

Business|Economy

Apollo's Q1 earnings jump 26% on management fees, annuities inflow

Apollo Global Management said on Thursday its first-quarter adjusted net income rose 26% year-on-year, driven mostly by growth in management fees as well as

Business|Technology

Nvidia shares surge nearly 7%, bouncing after $430 billion market slump

Shares of Nvidia surged nearly 7% on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence

Nvidia shares surge nearly 7%, bouncing after $430 billion market slump
Business

Blackstone reports 1% rise in first-quarter earnings

Blackstone Inc, the world's largest private equity firm, said on Thursday that its first-quarter distributable earnings rose 1% year-on-year supported by growth

Blackstone reports 1% rise in first-quarter earnings
Business

Tesla shares gain after Model Y price hike in U.S., Europe

Shares of Tesla rose by nearly 7% on Monday after the automaker announced price increases for its Model Y electric vehicles across some European countries and the

Tesla shares gain after Model Y price hike in U.S., Europe
Business

Arm's shares rise as Wall Street eyes IPO lock-up expiration

Shares of Arm Holdings, the British chip designer backed by Softbank Group, gained 1.6% to $128.77 on Tuesday as markets braced for increased trading activity

Arm's shares rise as Wall Street eyes IPO lock-up expiration
Business

KKR Mortgage REIT shares sink to 4-year low after dividend slash

Shares of KKR Real Estate Finance Trust plunged by as much as 20% to a nearly four-year low on Wednesday after the real estate investment trust (REIT) slashed its

KKR Mortgage REIT shares sink to 4-year low after dividend slash
Business

Carlyle reports 7% drop in Q4 earnings amid decline in asset sales

Carlyle Group said on Wednesday its fourth-quarter distributable earnings fell 7% year-on-year, as it sold fewer assets from its private equity portfolio.

Carlyle reports 7% drop in Q4 earnings amid decline in asset sales
Business

Hertz Global shares hit record low after wider-than-expected Q4 loss

Shares of Hertz Global fell nearly 6% to a record low in early trading on Tuesday after the car rental giant reported a bigger-than-expected fourth quarter loss.

Hertz Global shares hit record low after wider-than-expected Q4 loss
Business

KKR beats estimates with 4% rise in Q4 earnings

Private equity firm KKR & Co Inc said on Tuesday its fourth-quarter distributable earnings rose 4%, buoyed by strong growth in income from asset sales in addition

KKR beats estimates with 4% rise in Q4 earnings
Business

IBM shares soar to over 10-year high on rosy AI outlook

Shares of IBM rose 12% to a more than 10-year high on Thursday after the company reported a better-than-expected outlook on its revenue backed by strong demand

IBM shares soar to over 10-year high on rosy AI outlook
Business

Blackstone's fourth-quarter earnings rise 4% as asset sales pick up

Blackstone Inc reported a 4% rise in its fourth-quarter distributable earnings on Thursday, as the world's largest private equity firm cashed out on more of its

Blackstone's fourth-quarter earnings rise 4% as asset sales pick up
Business

Microsoft hits $3 trillion market value, second to Apple

Microsoft's stock market value crossed the $3 trillion milestone for the first time on Wednesday, retaining its place as the world's second most valuable company,

Microsoft hits $3 trillion market value, second to Apple
Business

US bank profits fall as competition for deposits erodes lending margins

Several large U.S. regional banks reported lower profits on Wednesday, a further sign that the 2023 income boost from high interest rates is starting to wane.

US bank profits fall as competition for deposits erodes lending margins
Business

Nvidia, AMD shares jump as AI optimism spurs analyst price target hikes

Shares of Nvidia and Advanced Micro Devices jumped on Tuesday as investor optimism over the prospects of higher demand for artificial intelligence (AI)-powered

Nvidia, AMD shares jump as AI optimism spurs analyst price target hikes
Business

Etsy shares dive after e-commerce company cuts workforce

Shares of Etsy Inc dropped on Wednesday after the e-commerce platform announced it would slash 11% of its workforce as it seeks to cut costs, pressured by

Etsy shares dive after e-commerce company cuts workforce

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