Today: September 13, 2024
Today: September 13, 2024

Stocks

Business|Economy|Finance

BNP Paribas' retail weakness takes shine off equity trading boost

France's BNP Paribas exceeded expectations with a big jump in earnings on Wednesday thanks to a boost in equities trading, although a sharp drop in net interest

BNP Paribas' retail weakness takes shine off equity trading boost
Business|Finance|Stock Markets|Technology

Tesla's bleak margins sink shares as Musk hypes everything but cars

Tesla shares tumbled 12% on Wednesday, evaporating almost $100 billion in stock market value after CEO Elon Musk's talk of humanoid robots and

Tesla's bleak margins sink shares as Musk hypes everything but cars
Business|Finance|Stock Markets|Technology

Alphabet falls as margin fears, YouTube slowdown eclipse AI boost

Alphabet fell more than 3% on Wednesday on fears that its rising investments in AI infrastructure would squeeze margins and YouTube was facing tough

Alphabet falls as margin fears, YouTube slowdown eclipse AI boost
Business|Technology

AT&T beats estimates for subscriber additions on demand for higher-priced plans

AT&T exceeded market expectations for wireless subscriber additions in the second quarter as the telecom operator's higher-tier unlimited plans attracted

AT&T beats estimates for subscriber additions on demand for higher-priced plans
Business|Economy|Technology

Ford keeps having to repair customers’ new cars and trucks. Its profit is plunging and its stock tumbled

Ford keeps having to repair customers’ new cars and trucks. Its profit is plunging and its stock tumbled

Ford keeps having to repair customers’ new cars and trucks. Its profit is plunging and its stock tumbled
Business|Economy|Europe

Swiss skin care firm Galderma flags prospects, but shares slip

Switzerland's Galderma signalled sales growth would be at the upper end of its target range in 2024 after publishing half-year results, but its shares fell in a choppy market amid

Swiss skin care firm Galderma flags prospects, but shares slip
Business|Economy|Health

AstraZeneca raises profit outlook on strong medicines demand

Anglo-Swedish drugmaker AstraZeneca raised its full year sales and profit forecast on Thursday after beating analyst expectations for second-quarter

AstraZeneca raises profit outlook on strong medicines demand
Business|Economy|Finance|Health

Sanofi lifts 2024 profit forecast on strength in Dupixent, new products

Sanofi on Thursday raised its full-year profit outlook after strong demand for blockbuster asthma drug Dupixent and better-than-expected sales of new launches helped its

Sanofi lifts 2024 profit forecast on strength in Dupixent, new products
Economy|Finance|Stock Markets

Megacap stock selloff shows investor concerns about too much tech

A tumble in the heavyweight stocks that have powered markets higher this year is highlighting Wall Street's vulnerability to any weakness

Megacap stock selloff shows investor concerns about too much tech
Americas|Business|Economy

Stellantis ready to axe brands and fix US problems, CEO says

Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe

Stellantis ready to axe brands and fix US problems, CEO says
Economy|Finance

Global investors scramble to dodge US election curveballs

Investors are scrambling to shore up global portfolios against wild market swings ahead of the Nov.

Global investors scramble to dodge US election curveballs
Asia|Business|Economy|Europe

Dow misses profit estimates on lower demand in Asia, Europe

Dow missed second-quarter profit estimates on Thursday, hurt by lower demand and prices in Asia and Europe.

Dow misses profit estimates on lower demand in Asia, Europe
Business|Economy|Finance

NYCB posts bigger loss than expected on exposure to office real estate

New York Community Bancorp reported second-quarter loss that was worse than Wall Street's expectations on Thursday, as it set aside more money to cover

NYCB posts bigger loss than expected on exposure to office real estate
Business|Economy|Finance

Harley-Davidson's profit beats on strong demand for pricier Touring bikes

Harley-Davidson's second-quarter profit beat Wall Street estimates, helped by strong demand for pricier Touring bikes during the summer riding season, sending the company's

Harley-Davidson's profit beats on strong demand for pricier Touring bikes
Business|Economy

Honeywell trims annual profit forecast on muted industrial automation demand

Honeywell International Inc on Thursday lowered its annual profit forecast, due to lower demand in its industrial automation business, sending shares of the diversified industrial firm

Honeywell trims annual profit forecast on muted industrial automation demand
Business|Economy|Finance|Stock Markets

Ford shares slide as disappointing Q2 adjusted profit rattles investors

Shares of Ford Motor Co. are tumbling Thursday after the automaker’s second-quarter adjusted profit badly missed Wall Street’s expectations as it spent more money fixing customers’ cars and trucks

Ford shares slide as disappointing Q2 adjusted profit rattles investors
Finance|Stock Markets|Technology

Leveraged Nvidia ETFs ramp up investor risk as tech turbulence hits markets

Making leveraged bets on Nvidia is likely to get much riskier if Wall Street's tech-led selloff continues.

Leveraged Nvidia ETFs ramp up investor risk as tech turbulence hits markets
Economy|Finance

Macro hedge funds to dump $45 billion in equities, says Morgan Stanley

Computer-driven macro hedge fund strategies on Wednesday sold $20 billion in equities and are set to shed at least more $25 billion over the next week after the

Macro hedge funds to dump $45 billion in equities, says Morgan Stanley
Economy|Finance

Markets nervy of their own over-confidence :Mike Dolan

Often the scariest thing in markets is a rout without a trigger. People are still unsure about the precise cause of the October 1987 crash, for example.

Markets nervy of their own over-confidence :Mike Dolan
Economy|Finance|Technology

Wall St closes up on revival supported by inflation data, tech stocks

Wall Street's major indexes ended higher on Friday as investors flocked back to tech megacaps that had triggered broad sell-offs earlier in the week, and inflation data

Wall St closes up on revival supported by inflation data, tech stocks
Economy|Finance

Citron's Andrew Left faces US criminal charges over alleged fraud

U.S. authorities charged prominent activist short seller Andrew Left and his fund Citron Capital, alleging he had for years manipulated the market and defrauded investors

Citron's Andrew Left faces US criminal charges over alleged fraud
Economy|Finance|Stock Markets

Global equity funds draw fifth weekly inflow on earnings hopes

Global equity funds witnessed fresh investments in the week through July 24 despite a selloff in leading technology stocks as investors remained optimistic about a still-strong second-

Global equity funds draw fifth weekly inflow on earnings hopes
Business|Finance

Colgate-Palmolive raises 2024 forecasts on strong demand

Toothpaste maker Colgate-Palmolive raised its forecasts for annual profit and organic sales on Friday, after beating second-quarter estimates on resilient demand for its high-priced

Colgate-Palmolive raises 2024 forecasts on strong demand
Economy|News|Technology

Arm Holdings shares gain nearly 25% in biggest initial public offering since late 2021

Shares of U.K. chip designer Arm Holdings rose almost 25% in their stock market debut, in the largest initial public offering of shares in nearly two years

Arm Holdings shares gain nearly 25% in biggest initial public offering since late 2021
Economy|News|World

Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street

Asian shares are mixed after another slump on Wall Street driven by expectations for U.S. interest rates to stay high well into next year

Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street

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