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

Stocks

Business

Megacap US tech results pivotal for market that is at record highs

Wall Street's run-up to record highs will be put to the test in the coming weeks as heavily weighted U.S. technology-related companies open their books on

Megacap US tech results pivotal for market that is at record highs
Business

Hedge funds net purchasers of stocks for first time in 10 weeks, Bank of America says

Hedge funds bought more U.S. stocks than they sold last week for the first time in ten weeks, adding $554 million to their portfolios, Bank of America said in a note about its

Hedge funds net purchasers of stocks for first time in 10 weeks, Bank of America says
Business|Economy|News|World

Stock market today: World shares climb after China announces market-boosting measures

World shares are higher after China's central bank announced fresh measures to boost its slowing economy and stabilize financial markets

Stock market today: World shares climb after China announces market-boosting measures
Economy

Stocks climb on positive tech earnings, China rescue report

Global shares rose on Wednesday, fuelled by positive tech earnings and optimism Chinese authorities will offer support to its stock

Stocks climb on positive tech earnings, China rescue report
Business

Ameriprise Financial's Q4 profit rises as fees, AUM climb

Ameriprise Financial reported a rise in fourth-quarter adjusted profit on Wednesday, as the financial adviser benefited from higher fees and assets under management.

Ameriprise Financial's Q4 profit rises as fees, AUM climb
Business

China stocks bounce loses steam; focus turns to ECB

Asian stocks traded cautiously and bonds fell on Thursday while investors waited on more detail of China's stimulus plans and for a European Central Bank meeting

China stocks bounce loses steam; focus turns to ECB
Business|Economy|News|World

Stock market today: Asian shares mostly rise, led by gains in Chinese markets following policy moves

Asian shares are mostly higher, with Chinese stocks extending gains after Beijing announced a raft of policies to support sagging markets

Stock market today: Asian shares mostly rise, led by gains in Chinese markets following policy moves
Economy

Marketmind: Tesla pothole as ECB and GDP awaited

A look at the day ahead in U.S. and global markets from Mike Dolan Tesla, the first of the so-called 'Magnificent Seven' U.S. megacap stocks to report fourth-quarter earnings, hit a another pothole

Marketmind: Tesla pothole as ECB and GDP awaited
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

Marketmind: PCE in our time as US economy impresses

A look at the day ahead in U.S. and global markets from Mike Dolan There was little for markets to dislike in the impressive sweep of U.S. economic and corporate healthchecks on Thursday - unless of

Marketmind: PCE in our time as US economy impresses
Economy

Analysis-China's cratering markets drive mainstay retail investors away

Small Chinese investors are scrambling even harder than foreigners to exit the country's crumbling stock markets, sending premiums on global index funds skyrocketing as they

Analysis-China's cratering markets drive mainstay retail investors away
Business

AmEx forecasts upbeat 2024 profit as credit card spending stays resilient

American Express forecast a better-than-expected profit for 2024 on hopes that its affluent customers will be resilient with their spending amid elevated

AmEx forecasts upbeat 2024 profit as credit card spending stays resilient
Business

China fuels Asian stocks rally, oil climbs on Red Sea worries

Chinese equities led a rally in Asian stocks to start the week, after regulators took new steps over the weekend to support the market.

China fuels Asian stocks rally, oil climbs on Red Sea worries
Business|Economy|News|World

Stock market today: Chinese stocks lead Asia's gains, Evergrande faces liquidation

Asian markets have opened the week on a positive note after Wall Street closed another winning week with a mixed finish

Stock market today: Chinese stocks lead Asia's gains, Evergrande faces liquidation
Business

Hedge funds lap up China stocks at fastest pace in 5 years - Goldman

Hedge funds snapped up battered Chinese stocks over three days last week at the fastest pace in more than five years, Goldman Sachs wrote in a note to clients.

Hedge funds lap up China stocks at fastest pace in 5 years - Goldman
Business

Analysis-Stock pickers power up battered renewables as rates fall

Clean energy stocks might be in for a much-needed recharge this year as bets on interest rate cuts brighten their outlook following record outflows from this former

Analysis-Stock pickers power up battered renewables as rates fall
Business

Supermicro shares jump after revenue forecast raise re-ignites AI rally

Super Micro Computer shares rose nearly 11% before the bell on Tuesday after the artificial intelligence server maker delivered blowout quarterly results and raised its full-year revenue

Supermicro shares jump after revenue forecast raise re-ignites AI rally
Business

Food distributor Sysco misses Q2 sales estimates on slowing demand

Sysco missed Wall Street expectations for its second-quarter sales on Tuesday, as demand for custom meat cuts and high-quality seafood petered out in the face of still-high inflation.

Food distributor Sysco misses Q2 sales estimates on slowing demand
Business

Marketmind: Megacaps stumble at high bar as Fed decision awaited

A look at the day ahead in U.S. and global markets from Mike Dolan It's a measure of the high bar of expectations now set for the expensive megacap U.S. stocks that even relatively positive earnings

Marketmind: Megacaps stumble at high bar as Fed decision awaited
Business

Investors punish Microsoft, Alphabet as AI returns fall short of lofty expectations

Tech giants on Tuesday talked up how customers are lapping up their generative AI-powered products, but mounting costs of developing the cutting-edge features irked investors hoping for a

Investors punish Microsoft, Alphabet as AI returns fall short of lofty expectations
Business

New US ETF targets 'Magnificent Seven' mega-cap technology stocks

Tidal Financial Group and ZEGA Financial launched a new exchange-traded fund (ETF) designed to profit from future growth in the "Magnificent Seven" growth and technology

New US ETF targets 'Magnificent Seven' mega-cap technology stocks
Economy

Regional banks hit after New York Community Bancorp cuts dividend after loss

New York Community Bancorp shares fell as much as 46% to their lowest in over two decades on Wednesday after the lender slashed its dividend and posted a surprise loss for the fourth

Regional banks hit after New York Community Bancorp cuts dividend after loss
Business

Factbox-US mid-sized banks with over or close to $100 billion in assets

Regional U.S. banks' shares sank on Wednesday, dragged down by a 46% plunge in the shares of New York Community Bancorp after it cut its dividend and posted a surprise loss.

Factbox-US mid-sized banks with over or close to $100 billion in assets
Economy

'AI' stays front-and-center on quarterly conference calls

Artificial intelligence remains a hot topic on earnings conference calls this quarter by Microsoft, Alphabet and others across Wall Street, even as investors look for

'AI' stays front-and-center on quarterly conference calls
Business

Moody's puts New York Community Bancorp on review for downgrade

Ratings agency Moody's on Wednesday placed all long-term and short-term ratings and assessments of New York Community Bancorp and its subsidiary, Flagstar Bank, on review for a downgrade.

Moody's puts New York Community Bancorp on review for downgrade

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