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

Stocks

Business

Corteva shares jump on upbeat Q4 profit, demand improvement in 2024

Corteva's shares jumped 16% on Thursday, after the U.S. agricultural chemical firm topped Wall Street expectations for fourth-quarter profit backed by strong seed prices.

Corteva shares jump on upbeat Q4 profit, demand improvement in 2024
Business

Quotes: Regional bank selloff continues as New York Community Bancorp slumps

A sell-off in shares of U.S. regional banks continued on Thursday, adding to losses from a day earlier when a surprise loss and a 70% divided cut from New York Community Bancorp renewed

Quotes: Regional bank selloff continues as New York Community Bancorp slumps
Business

Asian shares buoyed by US tech bounce, payrolls in focus

Asian shares were buoyed by a late bounce in U.S. tech on Friday as results from Meta and Amazon beat expectations, while investors are bracing for U.S. jobs figures,

Asian shares buoyed by US tech bounce, payrolls in focus
Economy

Marketmind - Tech and Tnotes: Meta surges and jobs eyed

A look at the day ahead in U.S. and global markets from Mike Dolan Groundhog Day for investors dawns with the familiar sight of twin gains in tech stocks and Treasuries.

Marketmind - Tech and Tnotes: Meta surges and jobs eyed
Business

US equity funds draw inflows amid positive economic and inflation data

U.S. equity funds saw renewed investor interest in the seven days leading to Jan. 31, propelled by encouraging signs of economic growth and a cooling inflation rate.

US equity funds draw inflows amid positive economic and inflation data
Economy

Nasdaq futures jump on tech earnings cheer ahead of jobs data

Nasdaq futures climbed 1% on Friday as investors cheered strong quarterly reports from Meta Platforms and Amazon.com and keenly awaited a crucial jobs print at the end of a week marked by

Nasdaq futures jump on tech earnings cheer ahead of jobs data
Business

Meta shares jump after first-ever dividend plan, 'Year of Efficiency' pays off

Meta surged 17% in premarket trading on Friday as the Facebook parent's first dividend declaration and robust results increased expectations of strong returns from its investments in "

Meta shares jump after first-ever dividend plan, 'Year of Efficiency' pays off
Economy

Fourth-quarter US earnings estimate improving quickly

The U.S. fourth-quarter earnings estimate is improving sharply, with about 80% of reports so far beating analysts' expectations including ones this week from Meta Platforms and

Fourth-quarter US earnings estimate improving quickly
Business

Global hedge funds remain short, ready for further US banking turmoil -JPMorgan

Global hedge funds were poised to profit from the plunge that occurred in U.S. regional banking stocks last week, according to a JPMorgan prime brokerage note to

Global hedge funds remain short, ready for further US banking turmoil -JPMorgan
Business

Nvidia eyes fresh record as Goldman Sachs bullish on AI prospects

Nvidia's shares were set to scale a new peak on Monday after Goldman Sachs raised its price target for the high-flying chipmaker's stock in anticipation of a major boost to its earnings

Nvidia eyes fresh record as Goldman Sachs bullish on AI prospects
Business

Palantir forecasts strong 2024 profit on robust AI demand, shares jump

Palantir Technologies forecast 2024 profit above Wall Street estimates and reported its "first profitable year" on Tuesday on strong demand for its AI offerings, sending

Palantir forecasts strong 2024 profit on robust AI demand, shares jump
Business|News

New York Community Bancorp tries to reassure investors, but its stock falls again

Shares of New York Community Bancorp fell another 11% Wednesday after the bank’s credit rating got downgraded to “junk” and investors worried that regional lender could suffer the same fate Silicon Valley Bank did last year

New York Community Bancorp tries to reassure investors, but its stock falls again
Business

Coca-Cola set to gain edge over PepsiCo in Q4 on fewer price hikes

Coca-Cola is set to record stronger sales and profit growth in the fourth quarter compared to PepsiCo as it lured more price-conscious consumers with fewer price

Coca-Cola set to gain edge over PepsiCo in Q4 on fewer price hikes
Business

'Long and tedious journey': companies sour on China outlook

Some of the world's top food, drinks and tech companies have struck a sour tone about Chinese demand, deepening investor worries about

'Long and tedious journey': companies sour on China outlook
Business|Economy|Technology

In a first for Uber since becoming a public company, an annual profit.

Uber posted its first full-year profit since going public in 2019 and its stock is hitting all-time highs as strong bookings in the final quarter of the year pushed profit and revenue beyond Wall Street expectations

In a first for Uber since becoming a public company, an annual profit.
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

Mattel misses holiday-quarter estimates, sees dull 2024 sales on tepid toy demand

Mattel missed market estimates for holiday-quarter sales and profit, and forecast tepid 2024 sales on Wednesday as soft demand for toys overshadows gains from its blockbuster movie "Barbie

Mattel misses holiday-quarter estimates, sees dull 2024 sales on tepid toy demand
Business

Apple defeats lawsuit claiming it overpaid CEO Tim Cook, others

A federal judge on Wednesday dismissed a lawsuit accusing Apple of overpaying Chief Executive Tim Cook and other top executives by tens of millions of dollars

Apple defeats lawsuit claiming it overpaid CEO Tim Cook, others
Business|Technology

Alibaba approves an additional $25 billion share buyback as its revenue disappoints

Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional $25 billion authorization to its share buyback program, after reporting lower-than-expected sales revenue for the last quarter of 2023

Alibaba approves an additional $25 billion share buyback as its revenue disappoints
Business|Economy|News|World

China names a new stock regulator and reports new developer financing in a bid to soothe markets

Shares have risen in China after Beijing ousted its top stock market regulator and announced more funding for hard-strapped property developers

China names a new stock regulator and reports new developer financing in a bid to soothe markets
Business

NYSE-parent ICE's profit rises as commodity markets boost trading volumes

Intercontinental Exchange reported a higher fourth-quarter profit on Thursday as trading volumes at the New York Stock Exchange parent surged, driven by strong growth in commodity and

NYSE-parent ICE's profit rises as commodity markets boost trading volumes
Business

NYCB shares slide on investor jitters despite promise to cut CRE exposure

New York Community Bancorp shares fell 6% before the bell on Thursday as the lender struggles to regain investor confidence despite promising steps to cut its exposure to the troubled

NYCB shares slide on investor jitters despite promise to cut CRE exposure
Business

Weak IQOS shipments drive Philip Morris' Q4 disappointment

Philip Morris International on Thursday missed estimates for fourth quarter profit and forecasts for 2024, with slowing sales of its flagship heated tobacco product IQOS in particular

Weak IQOS shipments drive Philip Morris' Q4 disappointment
Business

US oil refiners beat Wall Street bets, expect demand to grow in 2024

Major U.S. fuelmakers beat Wall Street's earnings expectations in the fourth quarter on strong refining margins and operating performance, and they predicted profits

US oil refiners beat Wall Street bets, expect demand to grow in 2024
Business

Moderna shares slide as longer-term data shows quick fall in RSV vaccine efficacy

Moderna shares fell 6% on Friday after a longer-term analysis of a trial indicated a quicker fall in the efficacy of its experimental respiratory syncytial virus (RSV) vaccine.

Moderna shares slide as longer-term data shows quick fall in RSV vaccine efficacy

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