Today: September 19, 2024
Today: September 19, 2024

Stock Markets

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Airbnb shares slumps as weak forecast signals slowing travel demand

Shares of Airbnb slumped nearly 14% on Wednesday after the online travel company forecast third-quarter revenue below estimates, citing slowing demand in the United States and shorter

Airbnb shares slumps as weak forecast signals slowing travel demand
Business|Economy|Finance|Stock Markets

Nasdaq ends down 1% as tech shares fall; Treasury auction weak

U.S. stocks ended lower on Wednesday, with the Nasdaq falling 1% as technology shares declined and weak demand in a 10-year Treasury auction stoked

Nasdaq ends down 1% as tech shares fall; Treasury auction weak
Business|Finance|Stock Markets|Technology

High-flying Super Micro slides as margin squeeze clouds upbeat sales forecast

Shares of AI high-flier Super Micro Computer tumbled to a six month low on Wednesday as a faster-than-expected contraction in the server maker's gross margin overshadowed a

High-flying Super Micro slides as margin squeeze clouds upbeat sales forecast
Finance|News|Stock Markets

BOJ eases market migraine, Super Micro aches

A look at the day ahead in U.S. and global markets from Mike Dolan In an extraordinary round trip over the past week, world markets have rebounded sharply from days of turbulence - thanks in part to

BOJ eases market migraine, Super Micro aches
Business|Europe|Finance|Stock Markets

Europe's STOXX 600 jumps 1% on banks-led recovery; Novo Nordisk slumps

A strong comeback by banks on Wednesday helped Europe's main stock index log its biggest one-day gain since November, even though the continent's largest

Europe's STOXX 600 jumps 1% on banks-led recovery; Novo Nordisk slumps
Asia|Business|Finance|Stock Markets

Investor files liquidation petition in China against Evergrande unit

An investor has filed a petition in a Chinese court to liquidate a major onshore unit of heavily indebted property developer China Evergrande, a stock filing by the

Investor files liquidation petition in China against Evergrande unit
Finance|Stock Markets

Volatile markets test Kishida's push to make Japan a nation of investors

A day after the Tokyo stock market had its biggest fall since 1987, Yuri Sekiya decided it was time to heed Prime Minister Fumio Kishida's

Volatile markets test Kishida's push to make Japan a nation of investors
Business|Finance|Stock Markets

Cathay Pacific to buy 30 Airbus A330-900 aircraft, option 30 more

Cathay Pacific will buy 30 Airbus A330-900 wide-body aircraft, with options to buy another 30, the Hong Kong-based airline said on Wednesday.

Cathay Pacific to buy 30 Airbus A330-900 aircraft, option 30 more
Asia|Business|Finance|Stock Markets

Wall Street slips after a morning rally evaporates as some of the market's AI darlings drop

U.S. stocks slumped after a morning rally evaporated, but the losses on Wall Street weren’t as bad as the manic moves that wracked markets worldwide over the last week

Wall Street slips after a morning rally evaporates as some of the market's AI darlings drop
Asia|Europe|Finance|Stock Markets

BOJ saves the day

A look at the day ahead in European and global markets from Stella Qiu. Is the Bank of Japan taking the mantle of market saviour from the Fed? Nikkei investors sure hope so.

BOJ saves the day
Asia|Business|Finance|Stock Markets

Japanese shares end choppy day higher as BOJ deputy seeks to soothe markets

Japanese shares ended higher on Wednesday in a rollercoaster week of double-digit losses and gains that led the Bank of Japan's deputy governor to reassure investors

Japanese shares end choppy day higher as BOJ deputy seeks to soothe markets
Asia|Business|Finance|Stock Markets

Equities close lower, yields rise, yen slumps after BoJ talks down rate increases

Wall Street equity indexes closed lower after Wednesday's choppy session while a bond auction pushed Treasury yields higher and the dollar rose

Equities close lower, yields rise, yen slumps after BoJ talks down rate increases
Business|Finance|Stock Markets

Schwab says high volumes and technical issue with key vendor triggered Monday's outage

Charles Schwab & Co. said on Tuesday that high trading volumes and a technical issue with a key vendor triggered temporary outages on its trading platform on Monday, a day

Schwab says high volumes and technical issue with key vendor triggered Monday's outage
Business|Finance|Stock Markets

Citigroup whistleblower denied share of $400 million penalty

A federal appeals court on Tuesday said a Citigroup vice president was not entitled to a share of a $400 million civil fine that the bank agreed to pay in

Citigroup whistleblower denied share of $400 million penalty
Business|Economy|Finance|Stock Markets

Sleepy utilities sector shines as haven from US stock turbulence

Shares of utilities companies are presenting investors with a rare bright spot in the U.S. stock selloff, as turbulent markets prompt a shift away from the high

Sleepy utilities sector shines as haven from US stock turbulence
Finance|Stock Markets

US market volatility puts 'buffer' ETFs in the spotlight

The spike in stock market volatility may be good news for at least one group of asset managers: those rolling out "buffer" exchange-traded funds (ETFs) that offer

US market volatility puts 'buffer' ETFs in the spotlight
Finance|Stock Markets

Hedge funds buy the dip amid market bloodbath, says Goldman

Global hedge funds hunted for bargains in the stock market on Monday amid a violent sell-off in U.S. equities, in the largest one-day buying spree in five months

Hedge funds buy the dip amid market bloodbath, says Goldman
Business|Finance|Stock Markets

MarketAxess profit rises on demand for high-grade credit, government bonds

MarketAxess Holdings' second-quarter profit rose 8% due to robust trading activity in high-grade corporate debt and government bonds, it said on Tuesday.

MarketAxess profit rises on demand for high-grade credit, government bonds
Business|Finance|Stock Markets

Online brokerages Futu, UP Fintech suspend night trading of U.S. stocks

Online brokerages Futu Holdings and UP Fintech Holding, known for helping Chinese investors buy global stocks, have told clients that night trading of U.S. shares would be

Online brokerages Futu, UP Fintech suspend night trading of U.S. stocks
Finance|Stock Markets

Robinhood's second quarter to benefit from meme stock revival, crypto trading

Wall Street expects Robinhood's revenue to hit record highs in the second quarter as retail investors flock to its commission-free app to trade so-called 'meme stocks' and

Robinhood's second quarter to benefit from meme stock revival, crypto trading
Business|Economy|Finance|Stock Markets

Indexes end with strong gains, rebounding from global market sell-off

The S&P 500 and Nasdaq ended 1% higher on Tuesday as investors jumped back into the market a day after a dramatic sell-off, with recent comments by Federal

Indexes end with strong gains, rebounding from global market sell-off
Finance|Stock Markets

Rollercoaster markets, Nikkei rebounds 10%

A look at the day ahead in U.S. and global markets from Mike Dolan The speed and scale of Tuesday's 10% Tokyo bounce after its worst day in 37 years suggests the wild global market swings of the past

Rollercoaster markets, Nikkei rebounds 10%
Business|Europe|Finance|Stock Markets

Europe's STOXX 600 edges up in global recovery, earnings relief

European shares rose on Tuesday, mirroring a recovery in global markets after the previous day's mauling, with energy and technology stocks leading the

Europe's STOXX 600 edges up in global recovery, earnings relief
Finance|Stock Markets

Aftershocks of carry trade at heart of market rout could still have reverberations

Investors said the aftershocks of a massive carry trade that has reverberated through global financial markets wasn't done yet, with more

Aftershocks of carry trade at heart of market rout could still have reverberations
Business|Economy|Finance|Stock Markets|World

Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years

Stocks rose on Wall Street as calm returned to the market a day after its worst drop in nearly two years

Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years

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