Today: November 21, 2024
Today: November 21, 2024

Stock Markets

Business|Finance|Stock Markets|Technology|US

Nvidia vigil sees risk overcome safety

A look at the day ahead in U.S. and global markets from Mike Dolan Tuesday's geopolitical angst faded fast in world markets as positioning ahead of today's results from AI-giant Nvidia saw Big Tech

Nvidia vigil sees risk overcome safety
Business|Finance|Stock Markets|US

Archegos' Bill Hwang sentenced to 18 years in prison for massive US fraud

Former billionaire investor Sung Kook "Bill" Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital

Archegos' Bill Hwang sentenced to 18 years in prison for massive US fraud
Europe|Finance|Stock Markets|Technology

ECB warns of 'bubble' in AI stocks as funds deplete cash buffers

The European Central Bank warned on Wednesday about a "bubble" in stocks related to artificial intelligence (AI), which could burst abruptly if investors' rosy expectations are

ECB warns of 'bubble' in AI stocks as funds deplete cash buffers
Europe|Finance|Stock Markets

Europe's STOXX 600 flat in volatile trading; real estate weighs

Europe's main stock index closed flat after a volatile session on Wednesday as investors remained on edge over geopolitical

Europe's STOXX 600 flat in volatile trading; real estate weighs
Asia|Business|Finance|Stock Markets

China's cashed-up crowd is back in the stock market

Speculative fever in Chinese stocks is running red hot and catching the attention of some global funds, who figure local money is worth

China's cashed-up crowd is back in the stock market
Business|Finance|Stock Markets|Technology

STMicroelectronics delays financial targets, CEO says governments distorting markets

Computer chip maker STMicroelectronics pushed back its long-term financial targets on Wednesday, saying its future remains bright but a downturn in its

STMicroelectronics delays financial targets, CEO says governments distorting markets
Business|Europe|Finance|Stock Markets|Technology

British inflation set to dominate before Nvidia

A look at the day ahead in European and global markets from Stella Qiu Trading was subdued in Asia with everyone waiting for the earnings results of AI darling Nvidia, the world's most valuable

British inflation set to dominate before Nvidia
Asia|Business|Economy|Finance|Stock Markets

China funds slash ETF fees, escalating price war in booming market

Major Chinese fund companies announced a big reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the

China funds slash ETF fees, escalating price war in booming market
Asia|Business|Economy|Finance|Stock Markets

How far could the Bank of Japan raise interest rates?

The Bank of Japan is laying the groundwork to raise interest rates again, but has left markets guessing how soon and at what pace it could push up still-low borrowing

How far could the Bank of Japan raise interest rates?
Economy|Finance|Stock Markets|US

Investors lift US dollar, focus on Federal Reserve outlook

The U.S. dollar rose on Wednesday, renewing its post-election rally after a three-session decline as investors looked for more insight on the Federal Reserve's

Investors lift US dollar, focus on Federal Reserve outlook
Asia|Business|Finance|Stock Markets|Technology

Stocks lose ground amid geopolitical tensions, lukewarm Nvidia results

Global shares edged lower on Wednesday as markets weighed tensions between Russia and the West, while bitcoin hit a new record high and

Stocks lose ground amid geopolitical tensions, lukewarm Nvidia results
Asia|Business|Economy|Finance|Stock Markets|Technology

Alibaba raises $5 billion in dual currency bond deal

Alibaba has raised $5 billion in a dual-currency bond, China's biggest e-commerce company said on Wednesday, marking the largest deal of its kind in the Asia-Pacific this

Alibaba raises $5 billion in dual currency bond deal
Asia|Business|Economy|Finance|Stock Markets

Funding for Seven & i founding family buyout will be finalised by end Dec, say sources

Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalised by the end of December and will involve Japan's

Funding for Seven & i founding family buyout will be finalised by end Dec, say sources
Asia|Business|Finance|Stock Markets|Technology

Kadokawa shares surge after news of Sony acquisition talks

Japanese media powerhouse Kadokawa said on Wednesday it had received a letter of intent to buy its shares, a day after a Reuters report that Sony was in talks to acquire

Kadokawa shares surge after news of Sony acquisition talks
Business|Finance|Stock Markets|Technology

Nokia's US shares rise after T-Mobile says no plans to stop partnership

U.S.-listed shares of Nokia jumped around 5% in extended trading on Tuesday after T-Mobile said it has no plans to stop working with the Finnish company in a response to an analyst report

Nokia's US shares rise after T-Mobile says no plans to stop partnership
Business|Finance|Stock Markets|US

Pfizer cannot recoup $75 million from SEC insider trading settlement, judge rules

A federal judge on Tuesday rejected Pfizer's bid to recoup about $75.2 million left over from a U.S.

Pfizer cannot recoup $75 million from SEC insider trading settlement, judge rules
Business|Election|Finance|Stock Markets|US

What to know about Howard Lutnick, Trump's pick for commerce secretary

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary

What to know about Howard Lutnick, Trump's pick for commerce secretary
Business|Economy|Election|Finance|Stock Markets|US

Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce

President-elect Donald Trump has tapped billionaire professional wrestling mogul Linda McMahon to be secretary of the Education Department, tasked with overseeing an agency Trump has promised to dismantle

Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce
Economy|Europe|Stock Markets|World

Stocks shrug off concerns about heightened US-Russia tensions

Stocks shrug off concerns about heightened US-Russia tensions

Stocks shrug off concerns about heightened US-Russia tensions
Business|Economy|Finance|Stock Markets

Risk assets may be entering 'danger zone': McGeever

Even bulls now admit that U.S. stocks and credit are expensive.

Risk assets may be entering 'danger zone': McGeever
Business|Economy|Europe|Finance|Stock Markets|Technology

Sweden has no plans to take stake in Northvolt, deputy PM says

The Swedish government does not plan to take a stake in lithium-ion battery maker Northvolt, Deputy Prime Minister Ebba Busch told Reuters on Tuesday as the company continues to

Sweden has no plans to take stake in Northvolt, deputy PM says
Business|Finance|Stock Markets|Technology|US

Robinhood to acquire TradePMR for $300 million to boost advisory business

Retail trading platform Robinhood Markets will acquire portfolio management platform TradePMR in a cash-and-stock deal for about $300 million, the companies said on Tuesday.

Robinhood to acquire TradePMR for $300 million to boost advisory business
Business|Finance|Stock Markets|US

Medtronic lifts annual profit view on steady demand for medical devices

Medtronic lifted the lower end of its annual profit forecast for a second time on Tuesday, banking on sustained demand for its medical devices in the United

Medtronic lifts annual profit view on steady demand for medical devices
Economy|Finance|Stock Markets

Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll

The Bank of England will keep Bank Rate on hold in December as global inflation worries resurface, according to a Reuters poll of economists who were split

Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll
Economy|Stock Markets|US|World

S&P 500, Nasdaq end up with Nvidia; Walmart hits record after forecast

The Nasdaq rose more than 1% and S&P 500 also ended higher on Tuesday, led by a jump in technology shares as investors eagerly awaited results this week

S&P 500, Nasdaq end up with Nvidia; Walmart hits record after forecast
Business|Finance|Stock Markets|US

Lowe's same-store sales forecast boosted by hurricane recovery; muted DIY spend weighs

Lowe's Cos forecast a slower-than-expected drop in annual comparable sales on Tuesday, banking on a boost to its current-quarter sales from hurricane-related demand,

Lowe's same-store sales forecast boosted by hurricane recovery; muted DIY spend weighs
Business|Finance|Stock Markets|Technology|US

Nvidia's options primed for $300-billion price swing after earnings

Options traders are primed for a nearly $300-billion swing in Nvidia's market value following the chipmaker's quarterly results on Wednesday, U.S. options

Nvidia's options primed for $300-billion price swing after earnings
Asia|Business|Finance|Stock Markets

Seven & i founding family aims to raise $52 billion for buyout this year, NHK says

The founding Ito family behind Japanese retailer Seven & i aims to raise more than 8 trillion yen ($52 billion) to take it private by the end of this financial year, Japanese public

Seven & i founding family aims to raise $52 billion for buyout this year, NHK says
Asia|Business|Finance|Stock Markets|Technology

China's Xpeng says no impact from US curbs on its Turing AI chip output

Chinese electric vehicle maker Xpeng said mass production of its Turing self-designed artificial intelligence chip was progressing well, dismissing concerns it could be hit by new U.S.

China's Xpeng says no impact from US curbs on its Turing AI chip output
Economy|Europe|Stock Markets

European stocks sink as investors flock to safety amid geopolitical jitters

Europe's main stock index touched its lowest level in three months on Tuesday, as escalating geopolitical tensions, fuelled

European stocks sink as investors flock to safety amid geopolitical jitters
Business|Economy|Finance|Stock Markets

UK fund managers pay more to hedge in 2024, MillTechFX survey says

More UK fund managers say they've paid higher costs in 2024 to protect their investment portfolios against fluctuations in currency markets, according to survey

UK fund managers pay more to hedge in 2024, MillTechFX survey says
Asia|Finance|Stock Markets

Stock market today: Nvidia helps pull US indexes higher

Nvidia helped pull U.S. stock indexes higher after they stumbled in the morning on worries about escalations in the Russia-Ukraine war

Stock market today: Nvidia helps pull US indexes higher
Business|Economy|Finance|Stock Markets|US

Goldman Sachs forecasts S&P 500 target of 6500 for 2025-end, joins Morgan Stanley

Goldman Sachs has forecast the S&P 500 index would reach 6,500 by the end of 2025, joining peer Morgan Stanley, on the back of continued growth in the U.S. economy and

Goldman Sachs forecasts S&P 500 target of 6500 for 2025-end, joins Morgan Stanley
Asia|Business|Economy|Europe|Finance|Stock Markets

Traders focus on Fed as key Trump picks awaited

A look at the day ahead in European and global markets from Kevin Buckland Signs are positive for European stocks' open, with futures pointing up, and equity indices across most of Asia also in the

Traders focus on Fed as key Trump picks awaited
Business|Economy|Finance|Stock Markets

Investors reload rate hike bets in Japan

Investors are betting a slide in the yen will force a hawkish shift at the Bank of Japan and are shorting bonds, buying bank shares and bracing for rates to rise

Investors reload rate hike bets in Japan
Asia|Business|Economy|Finance|Stock Markets

EM stocks rally; Manila, Bangkok up on rate-cut bets

Emerging Asian stock markets rallied on Tuesday, with Bangkok and Manila trading higher on expectations of rate cuts in the near future, while Singapore stocks hit a 17-year

EM stocks rally; Manila, Bangkok up on rate-cut bets
Australia|Business|Finance|Stock Markets|US

Sayona Mining, Piedmont agree to create $623 million lithium miner

Australia's Sayona Mining will buy U.S.-based Piedmont Lithium in an all-stock deal that will consolidate its Canadian operations and

Sayona Mining, Piedmont agree to create $623 million lithium miner
Business|Economy|Finance|Stock Markets|US

Goldman Sachs chairman expects deals to pick up in 2025

Goldman Sachs Chairman David Solomon said on Tuesday there will be more robust levels of both capital raising and M&A in 2025 with the new U.S. administration.

Goldman Sachs chairman expects deals to pick up in 2025
Asia|Economy|Finance|Stock Markets|US

Stocks rise, oil settles slightly up as Russia-US tensions mount

Global stocks rose in choppy trading on Tuesday as markets waited for President-elect Donald Trump to make more appointments to his

Stocks rise, oil settles slightly up as Russia-US tensions mount
Business|Economy|Finance|Stock Markets|World

Oil settles flat as escalation of Ukraine war counters Sverdrup field restart

Oil prices were broadly unchanged on Tuesday as signs of escalation of the Russia-Ukraine war kept investors cautious of supply disruptions, but the partial restart

Oil settles flat as escalation of Ukraine war counters Sverdrup field restart
Asia|Business|Economy|Finance|Stock Markets

Beijing pledges to open up markets, support Hong Kong amid geopolitical concerns

Beijing told top Wall Street executives on Tuesday that it will move ahead with capital market reforms and in the opening up of its financial sector for

Beijing pledges to open up markets, support Hong Kong amid geopolitical concerns
Asia|Economy|Finance|Stock Markets|US

Dollar higher, boost to safe-haven currencies fades

The dollar index rose on Tuesday, after an initial boost to safe-haven currencies such as the greenback, Swiss franc and yen prompted by an announcement by

Dollar higher, boost to safe-haven currencies fades
Asia|Business|Finance|Stock Markets

Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows

Alibaba Group has delivered investors initial price guidance on its $5 billion dual currency bond, according to a term sheet reviewed by Reuters on Tuesday.

Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows
Business|Finance|Stock Markets|Technology

Super Micro Computer names BDO as auditor, files Nasdaq compliance plan

Super Micro Computer on Monday named BDO USA as its auditor and said it has submitted a plan to the Nasdaq seeking additional time to regain compliance with the listing rules, sending its

Super Micro Computer names BDO as auditor, files Nasdaq compliance plan
Asia|Business|Crime|Finance|Stock Markets|US

US SEC charges Bit Mining with violating Foreign Corrupt Practices Act

The Securities and Exchange Commission has charged Bit Mining with violating the Foreign Corrupt Practices Act in connection with bribery scheme to influence members of Japanese

US SEC charges Bit Mining with violating Foreign Corrupt Practices Act
Finance|Stock Markets|US

ADM's Q3 earnings fall, report delayed after more accounting errors found

Global grain trader Archer-Daniels-Midland reported lower third-quarter profits on Monday due to weakness in its grain business, an announcement delayed by the need to correct

ADM's Q3 earnings fall, report delayed after more accounting errors found
Finance|Stock Markets|US

Morgan Stanley raises base case 2025 yr-end S&P 500 target to 6,500

Morgan Stanley has increased its 12-month base case price target on the S&P 500 to 6,500, the firm's equity strategist Michael Wilson and other strategists wrote in a note on

Morgan Stanley raises base case 2025 yr-end S&P 500 target to 6,500
Business|Finance|Stock Markets|US

Ultra low-cost carrier Spirit Airlines files for bankruptcy

No-frills air travel pioneer Spirit Airlines filed for bankruptcy protection on Monday, after struggling with a long run of quarterly losses, failed merger attempt and upcoming debt

Ultra low-cost carrier Spirit Airlines files for bankruptcy
Business|Economy|Finance|Health|Stock Markets|US

CVS Health bulks its board up to 16 members, adds hedge fund CEO

CVS Health has added four new board members, including the CEO of a hedge fund that has been critical of the struggling health care giant

CVS Health bulks its board up to 16 members, adds hedge fund CEO

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